All MCA Insight articles in February 2020 – Page 2
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Opinion
Brewdog: An open “rant” on the impact of our Government’s new points-based immigration scheme
Brewdog COO David McDowell pens and open “rant” on the impact of the Government’s proposed points-based immigration system on the hospitality industry.
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News
Seeds announces waffle concept
A new desserts concept, Wafflings, is looking to launch its first store in Birmingham with Seeds Consulting.
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NewsTim Martin warns of EU boycott
Tim Martin has again blasted the EU and said the UK will not be “fooled by a deal that fails to achieve a real restoration of democracy”. And he suggested the public will boycott EU products if any deal ties the UK to EU laws, or fails to regain fishing rights. “If the public is tricked or cajoled it will have the power to drive imports from France and Germany down to zero, irrespective of any agreement,” said Martin.
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NewsWagamama “has transformed” The Restaurant Group says Hornby
Buying Wagamama has had a transformational effect on the fortunes of The Restaurant Group, said the business as it released its results for the 52 weeks to 29 December 2019. It said total sales were up 56.4% from £686m to £1,073.1m, while adjusted pre-tax profits were £74.5m. It recorded an exceptional pre-tax charge of £111.8m due to “impairment” in its leisure arm, primarily made up of Frankie and Benny’s and Chiquito, leaving a statutory loss before tax of £37.3m.
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News“Revitalised” Revolution Bars says sales are up
Revolution Bars has said sales were up 3.5% for the 26 weeks ending 28 December 2019. When adjusted for exceptional items, pre-tax profits were up 20.5%. “We have continued to make significant progress revitalising the Revolution brand and further improving the performance of Revolución de Cuba,” said CEO Rob Pitcher.
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NewsChick ‘n’ Sours to become quick-service spinoff
Active Partners-backed fried chicken concept Chick ‘n’ Sours is to convert its Islington site to quick-service spin-off concept CHIK’N, MCA’s sister title Big Hospitality reports
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Analysis & InsightWomen in hospitality incur ‘seven barriers to success’
There is a lack of women holding senior roles in the UK’s hospitality sector, new research sponsored by UK Hospitality has found.
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NewsMarket Halls: ‘If it ain’t broke, don’t fix it’
Market Halls CEO Andy Lewis-Pratt has no plans to introduce competitive socialising into his venues, saying of the food hall model, “if it ain’t broke, don’t fix it”.
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NewsArc Inspirations strengthens senior team amid expansion drive
Arc Inspirations has appointed Tim Knockton as financial director and Laura Lewis as head of marketing.
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Analysis & InsightPremiumisation continues to disrupt drinks market
Super-premiumisation continued to disrupt the on-trade in 2019 as a resurgence in mainstream brands further polarised the drinks market, CGA analysis has revealed.
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Analysis & InsightContemporary fast food to see subtle 2020 growth
Contemporary fast food brands are set to experience slight growth in 2020 following three consecutive years of growth decline, MCA analysis has revealed.
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NewsBundobust: ‘We always want to innovate’
It was never part of the Bundobust masterplan to become a flagbearer for vegetarian cuisine.
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NewsThe Coconut Tree seeks regional sites
Sri Lankan casual dining and bar concept The Coconut Tree is working with Fleurets to expand its estate.
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NewsMore closures expected for TRG leisure brands
The Restaurant Group is expected to announce further closures of Frankie & Benny’s and Chiquito this week, the Mail on Sunday reports.
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NewsK10 takes pair of Vita Mojo sites
Vita Mojo has reassigned the leases of its Spitalfields and St Paul’s sites to K10 Restaurants, as it continues its evolution from restaurant operator to tech provider, MCA can reveal.
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Analysis & InsightBreakfast wins amid eating out lull
Eating out participation fell to a three low in January, with 91.7% of UK adults now eating out regularly, MCA’s analysis reveals.
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NewsDustone-backed businesses top Best CompanyTimes lists
Five Guys was the only food and drink operator listed on The Sunday Times Top 25 Big Companies list announced today, coming in at number 21. With a Best Companies Index (BCI) score of 662.5, the brand was recognised for its employee benefits, its opportunity offerings, and most of all its strong leadership, as 77% of employees agreed the company is run on strong values and principles.
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NewsStrong global sales for Dominos
Dominos has reported strong global sales growth in its FY 2019 results released yesterday. The brand saw an uplift of 5.7% in global retail sales for the full year, with 6.9% growth in its fourth quarter ending 29 December 2019.
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NewsSimple Health Kitchen passes crowdfunding target
Simple Health Kitchen has reached 109% of its crowdfunding target just 24 hours after launching.
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NewsAzzurri crowned at Casual Dining Awards second year running
Azzurri Group, Wagamama and The Ivy Collection were amongst those named as the UK’s best pub, bar and restaurant operators at the Casual Dining Awards yesterday.