All MCA Insight articles in February 2019 – Page 6
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NewsCAMRA appoints new chairman
The Campaign for Real Ale has announced its new chairman-elect as Nik Antona.
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Analysis & Insight
Hybrid approach needed in challenging times
The continuing blurring of retail and foodservice, more M&A activity and the unstoppable march of food to go and healthy eating – these are just some of the predictions from MCA and HIM’s latest Top of Mind Survey.
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News
Greggs’ vegan sausage roll drives New Year sales lift
Greggs has said the publicity around its vegan sausage roll launch helped drive like-for-like sales (lfls) growth of 9.6% in its company-owned stores in the seven weeks to 16 February.
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Analysis & Insight
Heads up and take in the view
MCA’s contributing editor Peter Martin gives his view on the contradictions at the heart of the eating and drinking-out sector and discusses why he thinks competition should be the sector’s lifeblood, even if it makes life more challenging for incumbents
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Analysis & Insight
A third of consumers plan to eat out less this year
Almost one third of consumers are planning to spend less money on eating out during 2019, according to a new report from PwC.
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News
Former DM Group founders to open new Fulham pub
Mark Dyer and Eamonn Manson, founders of DM Group, are to open a new brasserie-style restaurant next month – Brook House on Fulham Broadway, MCA has learnt.
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News
Junkyard Golf lines up further London site
Junkyard Golf has lined up a further site in central London, MCA understands.
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Analysis & Insight
Sector lfls down 1.8% in January
Both the managed pub and restaurant segments saw like-for-like sales (lfls) dip in January, with the sector overall down 1.8% year-on-year.
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News
Ei Group agrees corporate partnership with charity The Clink
Ei Group has embarked on a corporate partnership with charity The Clink, as part of efforts to strengthen the work it does around social responsibility.
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News
Just Eat delivers 500 millionth UK order
Just Eat has announced that it has achieved its 500 millionth UK order.
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News
Carluccio’s to trial ‘formal’ evening service
Carluccio’s is to use its Richmond restaurant as a test-bed for its £10m Fresca refurbishment, chief executive Mark Jones has told MCA’s sister title, Big Hospitality.
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News
Baker & Spice sold to DoCASA
Patisserie Holdings has sold four Baker & Spice outlets to the Department of Coffee & Social Affairs (DoCASA) for £2.5m.
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News
Bar 6 Group confirms third Near & Far
Bar 6 Group, the company behind Magic Roundabout and The Good Mixer, has confirmed it is to open its third Near & Far site, in Camden.
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Analysis & InsightEstablished in 1926, reborn 14 February 2019
Following the sale of Patisserie Valerie to Causeway Capital Partners, Rhys Iley spoke to MCA deputy editor Georgi Gyton about why he is viewing it as a new chapter for the business, and what changes the management team will be putting in place, including store refreshes, longer opening hours, NPD, and a new app.
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Analysis & InsightDiversity is the solution, not the problem
The reality for many women who have made it to the top is that it’s a reflection of their own dogged perseverance and determination, than any real proactive measures in the industry to facilitate career progression for women. This needs to change, says Holly Addison, head of the hospitality, travel & leisure practice at executive recruitment firm Odgers Berndtson.
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News
Ole & Steen to open 10th site in Belgravia
Ole & Steen is due to open a 10th London site, in Belgravia, as part of mixed-use development Eccleston Yards, MCA has learnt.
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News
Patisserie Holdings sale confirmed for £13m
Patisserie Holdings has confirmed the sale of Patisserie Valerie, to Dublin-based Causeway Capital, and its sandwich shop business Philpotts to retail, wholesale and distribution firm A.F Blakemore, for £13m.
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NewsCauseway Capital "acquires Pat Val"
The Daily Telegraph is reporting that Patisserie Valerie has been bought by Irish private equity firm Causeway Capital Partners. The paper reports that almost all of Patisserie Valerie’s 120 remaining branches are to be saved - preserving up to 2,000 jobs after a deal was struck at 3am this morning. ...
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News
EiG to focus on regions for Managed Expert expansion
Ei Group’s focus for its Managed Investments business going forward is to bolster its partnerships outside of London, while acquisitions will now be considered as a way to grow the businesses under this umbrella.
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News
McVeigh: Don’t write off Luke Johnson
Draft House founder Charlie McVeigh has given a spirited defence of his former investor, Luke Johnson, and insisted he should not be written off despite the damage the Patisserie Holdings saga has done to his reputation.