All MCA Insight articles in December 2024 – Page 2
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NewsGusto continues strong trading
The Italian restaurant group has maintained site profitability and cash conversion, underpinned by a strong guest experience, continued investment in staff, and effective marketing
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NewsDiageo granted five royal warrants
Justerini & Brooks, Johnnie Walker, Royal Lochnagar, Tanquery Gordon & Company, and The Pimm’s Company were among those granted royal warrants by His Majesty The King
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NewsSoho House evaluates acquisition offer
The offer comes from a third-party consortium, in response to a review that claims the company’s current share price does not reflect its inherent value
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NewsKFC launches new spinoff concept Saucy
Saucy will debut in Orlando, Florida, later this month, offering a menu focused on chicken tenders and 11 sauce options
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Young’s Pubs, GDK, JÖRO, and more
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NewsGlendola Leisure grows sales and profits
The operator has entered into an agreement to lease a site in Waterloo Station, while it is developing plans for another venue in Belfast
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NewsPeaky Blinders venue launches at Birmingham Airport
Shelby & Co Bar & Kitchen is a partnership between SSP and the producer of the popular gangster series, Banijay
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NewsPizzaExpress to make US debut in Florida
Launching with franchise group Purple Square Management Company, the brand hopes to reach 1,000 restaurants globally (including the UK) by 2030
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NewsJamie Oliver CEO steps down
Kevin Styles is stepping down as CEO of the Jamie Oliver Group after nearly two and a half years with the business
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NewsStonegate Group invests £100m in 2024
The figure includes investment into new concepts, such as Rita’s Beerhall and Ballroom in Leeds, transforming a former Walkabout site with a £1m investment
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NewsUKHospitality: Inflation and lacklustre growth ‘paint troubling picture’
The trade body has renewed calls for the government to rethink its changes to NICs, following the jump in inflation to 2.6% in November
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NewsDrake & Morgan remains resilient
The Bowmark Capital-backed, London-based bar and restaurant group achieved turnover of £45.5m, with Christmas trading set to beat last year’s records
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NewsAzzurri Group delivers transformational year
The group achieved an 18% increase in revenue to £303.1m for the year ended 30 June 2024, while successfully transitioning from a pure-play restaurant operator to a hospitality investment platform
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NewsChopstix targets £200m within three years
The Asian-inspired QSR chain also aims to reach 300 sites within three years, and has launched a new employment initiative as part of the strategy
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NewsMarston’s announces price rises
The price of a pint has increased by approximately 10p, with varying price rises across the country
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NewsWingstop achieves 122% increase in turnover
Turnover rose to £84.7m for the year ended 31 March 2024 while like-for-like growth stood at more than 50%, with the QSR chain in the midst of a sales process
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NewsRichard Franks joins Shake Shack
The former managing director of Hop Vietnamese and Chilango has been appointed UK business director at Shake Shack
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NewsShepherd Neame announces new NEDs
Marion Sears and Margaret Lustman have been appointed as non-executive directors, with Hilary Riva and Kevin Georgel to step down on 31 March
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NewsFairgame plans to triple estate
The competitive socialising concept, launched by Richard Hilton and Paul Campbell in 2022, has secured a second location in the City and is in negotiations on its first international site
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Analysis & InsightHospitality sees first real-terms growth since June
Year-on-year sales growth stood at 2.7% in November 2024 - marginally above the rate of inflation - and provides cautious optimism for the festive season, according to the CGA RSM Hospitality Business Tracker