All MCA Insight articles in February 2021 – Page 7
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News
SSP considering equity options
SSP Group has confirmed it has drawn down £300m from the Bank of England CCFF (Covid Corporate Financing Facility), and is exploring further funding options.
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News
Costa losses weigh on Coca-Cola’s global business
Sales declines at Costa Coffee has led to Coca-Cola’s international unit swinging to a loss.
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News
Platinum drops Marston’s bid
Platinum Equity has announced it does not intend to submit a revised proposal to acquire Marston’s.
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News
Heineken writes off UK pub losses, announces global job cuts
Heineken has written off £167m in relation to its UK pubs, according to accounts filed by its parent company.
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News
Prezzo to close 22 sites as future secured with Cain subsidiary
Prezzo has been acquired by investment firm Cain International in a pre-pack administration, with 22 sites to close permanently.
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Interviews
Charlie Gilkes: ‘The national health lobby is a concern’
Wet-led operators need guarantees of an upcoming restriction-free reopening, and reassurance that certain measures pushed forward by the health lobby will not remain long term, MCA’s The Conversation has heard.
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Interviews
Kate Nicholls: ‘Brexit is a hidden problem’
The labour and supply shortages set to come about because of Brexit are currently a “hidden problem,” but will inevitably impact hospitality businesses in months to come, UK Hospitality CEO Kate Nicholls has warned.
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News
Chris Hill appointed CEO at RedCat Pub Company
Former CEO at New World Trading Company Chris Hill has been appointed as the new CEO at Rooney Anand’s recently formed RedCat Pub Company.
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News
Government to meet with hospitality minister petitioners
Business minister Paul Scully will meet with the team behind the Create a Minister for Hospitality petition, the Prime Minister has confirmed.
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News
Honest Burgers receives £2.7m from shareholders
Honest Burgers received a £2.7m capital injection from shareholders to support the business during the pandemic, new accounts have revealed.
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News
Di Maggio’s sales down by £4m due to March closures
Scottish restaurant group Di Maggio’s saw turnover down by £4.2m at the beginning of last year following the first coronavirus lockdown.
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News
Pub leaders call for roadmap as beer losses hit £7.8b
Pub sector leaders have called for a clear timeline and reopening date as new figures reveal the severe losses incurred last year.
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Opinion
Peter Martin: Testing, testing
Regular workplace Covid testing now looks certain to be a key feature in getting Britain back to work when lockdown eventually ends.
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News
Boxpark appoints new COO
Boxpark has promoted Ben McLaughlin to the role of chief operating officer (COO), with immediate effect, as the food and retail outlet focuses on growth and the development of its new concept Boxhall.
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News
Branded coffee shop market sees £2bn value drop
Almost £2bn has been wiped off the value of the UK branded coffee shop market in the past 12 months, according to the latest report by Allegra’s World Coffee Portal.
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News
Luke Johnson’s RCP to acquire Chapel Down beer business
A Risk Capital Partners NewCo has been established to acquire the Chapel Down-owned Curious Drinks business.
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News
Liberation Group optimistic about sales post lockdown
A mix of offensive and defensive strategies have enabled Liberation Group to weather some of the storm caused by restrictions last year and see it confident about buoyant trading after lockdown.
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News
Tomahawk launches London-based virtual brands
Steakhouse concept Tomahawk has launched two virtual delivery brands out of its Hoxton restaurant.
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News
Takeaway sales reach record high despite declining consumer spend
Takeaway and delivery sales saw their largest ever growth last month as consumers stayed stuck at home under lockdown rules.
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News
Bounce Back extension to give “valuable breathing space” to hospitality
An extension of the Chancellor’s Pay as You Grow repayment flexibilities will “give valuable breathing space” to many hospitality businesses, as long as banks cooperate with the new flexible terms, UK Hospitality CEO Kate Nicholls has said.