All MCA Insight articles in February 2021
View all stories from this issue.
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NewsDeliveroo to launch £50m community fund
Deliveroo is offer a £50m funding pot for restaurants, riders and community groups following the launch of its IPO on the London Stock Exchange on Monday (8 March), Sky News has reported.
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News
Caring makes ‘verbal commitment’ to continue The Ivy backing
The Ivy backer Richard Caring has indicated he would be willing to support the restaurant group should cash funding through its banks become unavailable. Following a similar commitment to Bill’s Restaurants, of which Caring is a major shareholder, the Caprice Holdings chairman made a verbal agreement to extend support until May 2021.
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News
Kanada-Ya eyes expansion
London-based ramen concept Kanada-Ya is set to open two new restaurant sites this year, alongside a new delivery-only kitchen.
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Analysis & Insight
Hargreaves Lansdown on Deliveroo’s IPO
With its unicorn status, Deliveroo’s IPO is likely to be “the biggest coup in terms of size” for the London Stock Exchange so far this year, believes Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.
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News
Pub investment market gains momentum
Coffer Corporate Leisure is expecting a “very active summer” as investors look to the stability and resilience of the freehold pub sector.
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Event News
Register to attend MCA’s Retailer’s Retailer Awards
MCA’s 2021 Retailer’s Retailer Awards will be broadcast live next Thursday (11 March), so make sure you register your interest now in attending this prestigious event.
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Analysis & Insight
Nando’s becomes biggest brand by outlets
Nando’s has become the biggest restaurant brand in the UK by both outlet numbers and turnover, Lumina Intelligence’s Restaurant Report reveals.
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News
Antic London secures seven-figure CBILS package
Pub operator Antic London has secured a seven-figure CBILS funding package through alternative SME lender ThinCats.
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News
Tossed appoints NED ahead of new openings
Healthy eating brand Tossed has appointed Ann Elliot to its board as a non-executive director.
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News
Marston’s seeks bondholder waivers for third time
Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.
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News
Test and trace failings a ‘major cause for concern’
Data from “hundreds of millions” of test and trace check-ins to pubs and restaurants before lockdown failed to be used by the service, Sky News reports.
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News
Hawksmoor secures £4m loan to aid liquidity through crisis
Steakhouse concept Hawksmoor secured a £4m loan to aid its liquidity through the pandemic, accounts on Companies House reveal.
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News
State aid cap upped to £10.9m
The state aid cap on government grants has been raised to £10.9m, Paul Scully, the minister for business, consumers and labour markets has confirmed.
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News
El Pastor debuts in Soho
El Pastor parent company Harts Group is set to launch a new restaurant for the brand in Soho later this year.
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News
Chancellor hails Deliveroo a ‘true British tech success story’ as it confirms London float
Chancellor Rishi Sunak has hailed Deliveroo a “true British tech success story” as the aggregator confirms its intention to list on the London Stock Exchange.
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News
JDW gearing up for pub reopening but with reduced hours
JD Wetherspoon (JDW) has earmarked 394 of its pubs for reopening on 12 April, but they are due to operate under reduced hours.
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Interviews
Jon Lake: ‘The crisis has created opportunities for QSR’
The closure of dine-in throughout the pandemic has caused potential franchise partners to show enhanced interest in quick service restaurant operations, and created additional opportunities for businesses looking to expand, Chopstix managing director Jon Lake has said.
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Interviews
Kris Gumbrell: ‘Our spend per head increased by £9’
Brewhouse & Kitchen saw spend per head increase by £9, on average, following the introduction of its mobile order and pay app.
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News
Wendy’s on track for UK rollout
US fast food chain Wendy’s is on track to begin opening restaurants in the UK in the first half of 2021.
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News
Barkby eyes post-covid pub opportunities
The Barkby Group is assessing the acquisition of leasehold pubs and anticipates further acquisition opportunities will arise as a result of the Covid-19 pandemic.
