All MCA Insight articles in February 2021 – Page 2
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Opinion
Dominic Walsh: Getting M&B across the line
It seems pertinent to ask how it is that three of the biggest shareholders in Mitchells & Butlers could get their three-card trick past the Takeover Panel.
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News
Mowgli builds 2021 pipeline
Mowgli has added to its pipeline of restaurants, with a new site in Cheltenham’s Brewery Quarter shopping centre.
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News
Soho House eyes $3bn Wall Street float
Soho House, the Richard Caring-backed private members club concept, plans to list in New York with a valuation of up to $3bn.
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News
Shaftesbury looks to ‘revival of West End economy’
West End landlord Shaftesbury has collected less than half of owed rents for the quarter to December 2020, but has heralded the upcoming “revival of the West End’s economy” with the relaxation of restrictions in months ahead.
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News
Various Eateries ‘ideally positioned for expansion’
Various Eateries is set to pursue an aggressive post-lockdown expansion drive, with plans to “create a major leisure group” this year.
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Analysis & Insight
One in ten hospitality businesses to close without additional support
One in ten hospitality businesses will not survive without additional support through the recovery period, CGA’s Business Leaders’ Survey 2021 has found.
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News
BrewDog achieves B Corp status
BrewDog has achieved certified B Corp status, making it the only hospitality business in the UK to achieve the accolade.
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News
TGI Friday’s positioned to emerge strongly from lockdown
TGI Friday’s has performed strongly despite the turbulent trading conditions of 2020, according to parent company Electra Private Equity, with several new openings in the pipeline.
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News
Bok Shop to open ten sites in two years
Brighton-based fried chicken concept Bok Shop plans to open a further 10 sites in the next two years following a significant private equity backing.
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News
Gordon Ramsay sees turnover drop almost £60m during pandemic
Gordon Ramsay has said the pandemic has so far cost his restaurant business close to £60m in lost revenue.
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News
Hospitality companies see stocks rise on back of roadmap announcement
Investors have snapped up hospitality and leisure stocks following the announcement by Boris Johnson of his roadmap out of lockdown on Monday.
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Interviews
Matt Snell: Furlough costs Gusto £50k a month
The furlough scheme is a benefit for employees, rather than businesses, and must be understood as such, MCA’s The Conversation has heard.
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Opinion
Peter Martin: Garden party politics
Pub and restaurant leaders might be unhappy, if not in downright despair, about Boris Johnson’s roadmap out of lockdown, but the signs are he is not in the mood to change gear or direction.
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Analysis & Insight
How to use customer data effectively
A huge advantage to businesses that take a digital approach is the amount of customer data at their disposal that provides them with vital insight into their customers’ purchasing habits and helps them target them more effectively with marketing campaigns.
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News
Johnson promises ‘proper review’ into use of vaccine passports
The Government is set to conduct a review into whether so-called ‘vaccine passports’ could be used to allow people to enter hospitality and leisure venues.
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News
Sturgeon offers little clarity for Scottish hospitality
Pubs and restaurants in Scotland will have to wait another three weeks for any clarity on reopening, as First Minister Nicola Sturgeon has refused to “pick arbitrary dates” before more data becomes available.
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News
Bone Daddies launches delivery concept, opens seventh restaurant
Japanese restaurant group Bone Daddies is set to launch a new pop-up delivery brand next month.
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Analysis & Insight
Kate Nicholls: ‘This is not going to be a quick bounce back’
Kate Nicholls has described how she has been left “genuinely bemused” by the lack of understanding among ministers over the costs of remaining closed.
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News
Döner Shack completes Arndale deal
Döner Shack will open a new site Manchester Arndale, one of several corporate and franchise openings planned across the UK this year.
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News
Domino’s appoints new NED
Domino’s has appointed Stella David as an independent non-executive director.