All MCA Insight articles in February 2022 – Page 5
-
NewsReady Burger to grow value-driven vegan offering
The emerging QSR concept is looking to remove the barrier to entry on the price of vegan food as it looks to expand its estate to four restaurants in London
-
InterviewsJust Eat: ‘Cost took a backseat to growth’
Improving the profitability of its UK business is a key focus for Just Eat as the growth it achieved during the pandemic meant costs took “a secondary seat”, UK MD Andrew Kenny tells MCA.
-
NewsLeon launches Club app
Leon launches the first iteration of its app ‘Leon Club’ today in response to feedback from guests on what they look for in a digital loyalty scheme.
-
NewsVacancy rate illustrates scale of recruitment challenge
UKHospitality said there needed to be a redoubling of efforts to promote careers in the sector after ONS data showed the number of vacancies had risen 700% year-on-year
-
NewsCorbin & King fights off High Court challenge
MI Squared – a subsidiary of the restaurant group’s largest shareholder Minor International – had sought to block the business from repaying a £34m debt to its Thai backer, after Minor called it in
-
Opinion‘Inflation is flying – it’s time to up menu prices’
Leaving prices in an attempt to maintain demand in the short term will leave a permanent hole in margin when inflation drops back, says David Read, founder and chairman, Prestige Purchasing
-
NewsHeavitree saw revenue fall 8% in 2021
Chairman Nicholas Tucker said that while the trading environment remained testing, there were plenty of customers determined to enjoy the offering provided by its pubs
-
NewsMichelin Guide 2022: Simon Rogan’s L’Enclume wins three stars
Ikoyi in St James and The Clove Club in Shoreditch were promoted to two stars while The Frog by Adam Handling gained one
-
NewsKFC to open 300 new sites in five years
The UK & Ireland business is celebrating the opening of its 1,000th restaurant during the first quarter of the year
-
NewsSourced Market shuts up shop after entering liquidation
The company’s largest investor, Pembroke VCT, told MCA that Begbies Traynor had been appointed to wind down the business
-
NewsPret appoints new group FD
An Zhang was previously head of finance EMEA at Starbucks and global finance director at advertising company WPP
-
Analysis & InsightInflation: ‘Inevitable’ costs will be passed on to consumer
As inflation reaches a new 30-year high, MCA examines the situation within hospitality, and asks how a squeezed consumer is likely to react to rising prices in restaurants and bars
-
Analysis & InsightPopularity of restaurant lunches on the up
Lunch’s share of occasions increased by +9ppts in the 12 weeks to 23 January, with dinner occasions seeing a decline, according to Lumina Intelligence’s new UK Restaurant Market Report 2021/22
-
NewsTourism ‘central to London’s recovery’
London mayor Sadiq Khan has proposed a £10m tourism investment fund to attract visitors back to the capital
-
NewsHeineken to increase price of beer
Increasing cost pressures have prompted the manufacturer of brands including Birra Moretti and Desperados to put up the price of its beers
-
NewsSalt Yard and Bababoom to join Westfield line-up
Unibail-Rodamco-Westfield signed over 50 new occupiers across its two London sites in 2021, almost half of which were in the hospitality and competitive socialising sectors
-
Analysis & InsightIndustry has lost £115bn to pandemic
UKHospitality CEO Kate Nicholls said the figures laid bare the “utter devastation” two years of pandemic had wreaked on the sector
-
NewsChickpea Group eyes visitor attractions
The group, which runs a string of pubs and pizza shops near the A303, is gearing up to relaunch the Bell & Crown in the Wiltshire village of Zeals next month
-
NewsVirtual Hero to launch first Sides site at Boxpark
Part of the same stable as German Doner Kebab and Island Poke, the YouTube influencer-founded brand is eyeing 200 sites globally by the end of 2022
-
NewsWagamama launches new lunchtime delivery concept
BOX is a new lunchtime delivery concept designed for the hybrid worker and will be available across London and Leeds