All MCA Insight articles in December 2023 – Page 7
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NewsTen Entertainment Group agrees terms on £287m acquisition
The tenpin bowling operator has agreed on the terms and conditions of a £287m acquisition by Texas-based private equity firm Trive Capital
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NewsKFC accused of ‘thwarting efforts’ to stop fast food outlets near schools
An investigation by The Times has claimed that at least 43 local councils in England and Wales have had their anti-obesity policies challenged by KFC since 2017
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NewsSnowfox Group launches new kiosk concept
The Yo! Sushi operator has opened its first Good Eats kiosk in partnership with Tesco, offering a ‘build your own’ range of bowls, salads, flatbreads, and breakfast wraps
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News35.9 million pints sold in first week countdown to Christmas
In the first week of December, draught pint sales are up by +2.3% year-on-year, with stout and ale seeing the largest gains during the period
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NewsImmigration changes to ‘shrink talent pool’ for hospitality businesses
Government plans to cut the levels of legal migration into the UK will create greater labour shortages across the industry, hospitality leaders have warned
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NewsHostmore appoints CFO
Matthew Bibby, who had been serving as interim CFO since September, has been apointed permanent CFO
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NewsBanana Tree adds three and launches first breakfast menu
The Big Table Group’s Pan-Asian restaurant brand is set to roll out a new breakfast offering, after an initial trial at its new site in Greenwhich
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NewsHeavenly Desserts launches first kiosk format
The smaller ‘Pico’ restaurant format marks the brand’s fifth location in Scotland, and will showcase Heavenly Desserts’ recent menu revamp
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NewsHonest Burgers: HMRC chasing crowdfund cash
CEO Frank Hayes has suggested HMRC may have been overzealous in slapping the business with a winding up order after becoming aware it had recently raised £3m via crowdfunding
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Analysis & Insight‘Who would have thought it, a kebab for breakfast?’
MCA examines German Doner Kebab’s controversial new breakfast offering, a doner egg brioche, and a wrap laden with doner meat, onion, melted cheese and garlic sauce
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NewsKebhouze launches in UK with ‘biggest ever kebab house’
The international kebab brand, owned by Italian entrepreneur and social media star Gianluca Vacchi, has opened 24 stores in two years across Italy and Spain
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News‘Immersive events’ drive sales for Drake & Morgan
The London-based bar and restaurant group reported turnover of £43.3m for FY23, as it successfully exited its CVA earlier this year
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Analysis & InsightSeasonal socialising dampens spend on restaurants
Consumer card spending on restaurants fell further into decline in November, decreasing to -11.9% year-on-year, according to Barclaycard
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NewsKarma Kitchen triples estate
The commercial production kitchen operator, which works The Athenian, Sam’s Chicken, and Tacos Padre, has opened its fifth unit
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NewsSoho Coffee committed to returning to profitability
The 28-strong coffee shop operator reported revenue of £16m in the year to January 2023, along with a commitment to the long-term future of the business
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NewsMigration changes will worsen sector labour shortages
Changes to the immigration system will further shrink the talent pool hospitality businesses are recruiting from and contribute to greater shortages, trade bodies warned
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NewsSSP surpasses pre-pandemic sales
UK sales were up by 22% at the travel concession operator, but profits were hit by the slower recovery in rail and significant disruption caused by strikes
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NewsMarston’s grows revenues and pub operating profit
Revenues were up 9% to £872.3m (2022: £799.5m), as the company targets ‘back to a billion’ in sales
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NewsHenry Dimbleby: Britain risks becoming ‘sick and impoverished nation’
The Leon co-founder and former former government health tsar said the cost of obesity will soar to £100bn in the next 15 years
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NewsVarious Eateries looks to raise £12m
The Hugh Osmond-backed group, which runs Coppa Club and Noci, is also considering a potential debt for equity swap, as it look to accelerate expansion and capitalise on favourable opportunities in the market