All MCA Insight articles in February 2014 – Page 2
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NewsTRG eyes 200 pub restaurants
The Restaurant Group, the Brunning & Price operator, believes there is potential to eventually grow its pub restaurant estate to over 200 sites
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NewsKings Park eyes overseas franchise for Abokado and Fuel
The potential to take Abokado and Fuel Juice Bars overseas via franchise is being examined, according to Jason Katz, founding partner at their backer Kings Park Capital
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Islington approves late-night levy
Islington Council in London has approved the introduction of a late-night levy (LNL), which could act as a “watershed” for other London authorities to follow
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Iona to launch franchise model
Iona Pub Partnership, the tenanted arm of Scottish leisure operator G1 Group, is putting together a franchise model for part of its estate in a bid to “be more creative” in the way it operates its site
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NewsHawksmoor secures Knightsbridge site
Hawksmoor, the operator of eponymous high-end steak restaurant chain, has secured a further site in London, in Knightsbridge
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Analysis & InsightPret leads food-focused coffee shop market
Pret A Manger, the Bridgepoint-owned group, is the branded market leader in the food-led coffee shop sector in terms of market share and turnover, according to Allegra Strategies Project Cafe13 UK report
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Analyst: Default the more likely option at Punch
Leading analysts have said that a default in one or both of Punch Taverns’ securitisations is looking the more likely outcome, after the group’s latest announcement on its restructuring proposals this morning
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D&D London eyes Madison site
D&D London, the international restaurant group formerly known as Conran Restaurants, is in talks to secure the Madison roof top site at One New Change, St Paul’s, which is valued at £4-5m
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NewsLoyalty marketing is key: Ed's
Every branded restaurant operator should look at loyalty marketing as a core part of their business, according to Ed’s Easy Diner chief executive Andrew Guy
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Noble Inns to grow estate and team
London-based Noble Inns, the Scott Hunter and Maria Larsen-led pub and restaurant operator, is to strengthening its team with a new managing director as it looks to grow its portfolio of sites over the next five year
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The Chinese Buffet secures funding
The Chinese Buffet, the Lancashire-based restaurant operator, has secured c£1m of new funding, as it looks to develop new sites across the UK, over the next few years
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Customer service levels improving
Customer service in the UK is improving but one in three people are still not happy, according to new research
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Analysis & Insight
The bacaro boys
Polpo co-founders Russell Norman and Richard Beatty have left a trail of bare-bricked copycats and no-reservation restaurants in their wake. Now recently publicans, is there anything this driven duo won’t try their hand at?
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Yummy pubs must take £1m to 'stand still'
Yummy Pub Company, the four-strong London-based pub operator, needs to take “£1m-plus” per site per year to make its pubs sustainable, up from £750,000 just six years ago
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NewsFY lfls drop 1.6% at Tragus
Tragus, the Café Rouge, Bella Italia and Strada operator, saw like-for-like sale decline by 1.6% in the year to 2 June 2013
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W&H could diversify
Whiting & Hammond, the eight-strong, south-east based multiple pub operator, would look to double in size over the next 10 years and could enter the hotel, brewing or outside catering markets, managing director Brian Whiting told the Casual Dining Show
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Vintage Inns focuses on pie appeal
Ahead of British Pie Week starting on Monday, Vintage Inns has released the results of a survey showing it sells 1.6 million pies across its 200 sites each year
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SSP announces apprenticeship drive
SSP is recruiting 800 apprentices in 2014, 20% of which will likely be candidates aged 16-18
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NewsPunch warns on default; trading in line
Punch Taverns has stated that it would default on its debt payments within 30 days of the 15 April covenant testing date if it fails to achieve its restructuring plan, and warned of the “material negative impact on the business” if its plan is not approved by stakeholders
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FY EBITDA up at Food & Fuel
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, saw EBITDA climb 2.8% to £655k in the year to 2 June 2013