All MCA Insight articles in February 2014 – Page 6
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NewsWrapid enters university accommodation
Wrapid, the healthy fast-food operation, is to rollout new self-service dispense systems into university halls, M&C Report has learnt
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NewsBill's FY EBITDA more than doubles
Bill’s Restaurants saw EBITDA (pre-opening costs) grow 125.5% to £3.7m in the year to 28 July 2013 on the back of like-for-like sales growth of 9.2% and new openings, which helped lift turnover by 175.6% to £27.6m
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NewsWasabi makes US debut
Wasabi, the London-based sushi and bento chain led by Dong Hyun Kim, has opened its first international outlet in the US, in New York
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News
Evan Evans to double pub estate
South Wales brewer Evan Evans is set to double the size of its pub estate by early summer
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NewsChiquito, Frankie & Benny’s and GBK confirmed for Intu Stoke
The Restaurant Group (TRG) brands Chiquito and Frankie & Benny’s, along with and Gourmet Burger Kitchen (GBK), are the first three restaurants to sign up to open at a new £20m extension at Intu Potteries in Stoke on Trent
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OpinionHorses for courses, venues for menus
A three course meal at a pub now costs – on average – just £1.99 less than a three course meal at a restaurant (£18.67 vs £20.66), according to Horizons’ latest Menurama survey. Rob Willock explores the dynamic of price points in pubs versus restaurants, particularly as the lines between the two continue to blur with the rise of hybrid concepts
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News
Leahy: business rates should 'probably be scrapped'
Former Tesco chief executive Sir Terry Leahy has added his weight to calls for radical changes to business rates, saying that the tax system should be reformed and “probably scrapped”
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Opinion
McMullen’s opens first newbuild
Hertfordshire brewer and operator McMullen’s has opened its first newbuild pub in 25 years, and has spoken of the long and difficult road to launch thanks to Government red tape
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NewsStarbucks UK launches Youth Action grant program
Starbucks has launched its Youth Action grants program for 2014, which support young people in the UK who want to carry out projects benefitting their communities
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News
Rex Restaurants renamed Corbin & King
Rex Restaurants, the company led by Jeremy King and Chris Corbin and backed by Graphite Capital, has been renamed Corbin & King
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News
New wrap concept for Trinity Leeds
Wraps2Go is the creation of local businessman Adil Hussain and will serve “fresh gourmet wraps” with fillings inspired by recipes from around the world
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News
Merlin Inns markets pub
Surrey-based Merlin Inns has put the freehold of its Anchor Inn near Chichester, West Sussex, up for sale through Fleurets.
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News
Chester next for Stonegate's Popworld
Stonegate will open its tenth Popworld late night bar in Chester on Friday
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NewsPubco critics attack key report on statutory code
Critics of tenanted pub companies have launched a fresh attack on a Government report that suggested the introduction of a statutory code for the sector could close up to 1,600 pubs
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News
Seafood Pub Co embraces rooms
Seafood Pub Company, the Blackburn-based pub restaurant operator, is to open a fifth pub under a new concept that combines a ‘village local’ with accommodation
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Analysis & InsightPub menu prices rise, restaurants less expensive
Eating out in a pub is becoming more expensive with menu prices increasing year-on-year, while prices in restaurants have dipped, according to the latest Menurama research from Horizons
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NewsPubco founders disregard plight of tenants
The founders of the big tenanted pubcos remain less concerned about the plight of pub tenants than about their own financial wellbeing, according to JD Wetherspoon chairman Tim Martin
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NewsFulham Shore raises £660,500 in share placing
Fulham Shore, the restaurant venture from ex-Clapham House Group chairman David Page, has raised £660,500 in a further share placing as it looks to make further acquisitions and investments
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OpinionWho will float next?
With numerous high profile flotations on the agenda, Sam Fuller, head of UK consumer at international investment bank Altium, discusses the leisure sector’s IPO prospects
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NewsPatisserie Valerie eyes £150m IPO
Patisserie Valerie, the Risk Capital Partners-backed group, is drawing up plans for a float that could value the chain at more than £150m, according to the Sunday Times