All MCA Insight articles in February 2018 – Page 14
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News
Stares departs Byron
Rachel Stares has left her role as head of talent at Byron after just three months with the group.
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News
EiG looks to expand Beacon scope
Ei Group is considering expanding the scope of its Beacon managed tenancy model, with a possible move into its mid-market segment.
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Analysis & Insight
What backers want to hear
With high-profile cases of restructuring and site closures becoming more common across the eating-out sector, what does this mean for investment? Alex Dumphy, of law firm Addleshaw Goddard, examines what operators can do to ensure lenders remain on-side during turbulent times for the sector.
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News
Le Bab team reveal details of new venture
The team behind upmarket kebab restaurant Le Bab have confirmed details of their second venture in Covent Garden, as flagged up by MCA in December.
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News
Newby acknowledges sector frustration on code
Pubs Code Adjudicator Paul Newby told MCA’s Tenanted Pub Company Summit that 2018 will see more clarity on key areas of the legislation.
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Analysis & Insight
On-trade beer sales fell 2.4% in 2017
On-trade beer sales fell by 2.4% in 2017, the sharpest fall since 2013, and equating to nearly 88 million fewer pints sold in pubs than the previous year.
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Analysis & Insight
December foodservice inflation at 5.1%
Foodservice price inflation rose to 5.1% in December, an increase on the 3.4% recorded in November – the lowest point since the start of 2017.
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Analysis & Insight
Consumer spending in Q4 up on Q3
Consumers reported spending more on drinking in pubs and bars (up 6 percentage points) eating out (3pp) and drinking in coffee shops (1pp) in the fourth quarter of 2017, compared to the previous quarter.
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News
Zanna to open yakitori concept in Manchester NQ
Zanna Group, which is behind Mughli and Evelyn’s Cafe Bar, is launching a new concept BrothersNQ in Manchester Northern Quarter, MCA understands.
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News
Origin Coffee team take on Lyme Regis bakery site
The team behind Origin Coffee, the Cornwall-based café operator and coffee roaster, have taken on a new bakery site in Lyme Regis, MCA understands.
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News
EAT appoints advisors to consider options
EAT, the Lyceum-backed chain, has become the latest sector operator to call in advisors to assess its options in an increasingly harsh trading environment.
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News
Unique secures first London site, launches new company
Unique Hospitality has added three new pubs, including its first in London, and launched a new company.
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News
Caring eyes Jamie’s Threadneedle site
Richard Caring, the serial sector investor, is believed to be one of the frontrunners to take the Jamie’s Italian site in the City.
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News
M Restaurants saw 680% EBITDA growth in 2017
M Restaurants, the Martin Williams-led group, has told MCA that the group’s like-for-like sales grew 11% in 2017, to exceed £6m.
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News
Turquoise secures Prezzo sites
Turquoise Kitchen, the Turkish concept from the group behind The Real China, is to double its estate after securing a pair of Prezzo sites.
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News
Prime Steak opens third site
The owners of independent Italian restaurant chain ZAZA have open the third site under their Prime Steak & Grill concept.
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News
Brunning & Price plans Solihull development
Brunning & Price, The Restaurant Group-owned pub group, is looking to further strengthen its presence in the Midlands, after submitting a planning application to develop a site near Solihull.
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News
Grand Union founder plans new concept launch
Adam Marshall, the co-founder of Grand Union, the pub and bar group previously backed by Luke Johnson, is set to launch a new restaurant concept, MCA understands
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News
Hunter departs Prezzo
Paul Hunter, operations director for the Chimichanga and MexiCo brands, has departed Prezzo, MCA understands.
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News
Arc to open second Banyan in Manchester
Arc Inspirations is to open a second Banyan Bar & Kitchen in Manchester.