All MCA Insight articles in February 2023 – Page 3
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News
Wells & Co targeting £15m EBITDA by 2028
The independent brewer and pub operator reported an 81% increase in revenue from continuing operations, to £55.2m, for the year ended 2 October 2022.
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Analysis & Insight
Work-life balance on par with pay and benefits for hospitality workers
Over 50% of respondents picked these two factors as having the most influence over the job they choose, according to a new survey
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News
KFC shakes up marketing function
Jenny Packwood had added interim CMO to her responsibilities, as Jack Hinchliffe heads to the California to work on Yum! portfolio brand The Habit Burger Grill
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Opinion
David Read: Insights from the big cost reset
Prestige Purchasing founder and chairman David Read sets out the key learning points from operator discussions about high inflation on energy, food and labour
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Analysis & Insight
Hospitality sees best January in three years
Year-on-year growth in January 2023 was up 10.9% on January 2022 and slightly ahead of the 10.1% inflation rate, according to the Coffer CGA Business Tracker
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Opinion
Dominic Walsh: Roadside revolution
Following its debut opening earlier this month, Dominic Walsh explores the potential for Loungers’ Brightside to become the 21st century Little Chef, with its elevated comfort food concept designed to revolutionise roadside dining
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News
Chesterford Group: ‘Fish and chips are yet to reach their price peak’
CEO James Lipscombe of the 38-strong company said industry prices are stabilising but yet to reach their peak
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Analysis & Insight
NPD leverages both health and indulgence trends
Plant-based and health trends have influenced new launches in the food to go sector, but operators are also introducing indulgent snacks to tempt customers to trade up
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News
JDW donates to healthcare provider as part of apprenticeship levy
The pub chain has donated £200,000 to home healthcare provider Cera to fund frontline healthcare apprenticeships
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News
Game Changers Investments appoints development director
The investment company, whose portfolio includes Floozie Cookies, has appointed former Bird Restaurants MD Andrew Clover
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News
Subway appoints former Costa Coffee marketing director
Kirstey Elston, who spent 15 years working in marketing at Costa Coffee, has been appointed marketing director at Subway UK&I
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News
Pret faces questions after axing smoothies and frappes
The brand said the products, ordered by only 20% of subscribers, will be removed to prepare for the rollout of new iced drinks
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News
Popeyes plans six drive-thrus in 2023
The fried chicken brand is ramping up its opening programme with two new sites a month, CEO Tom Crowley tells MCA
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Analysis & Insight
Tapping into new opportunities in food to go
The market has seen shifting consumer behaviour and operator strategies in the wake of the cost of living crisis, but there is a share of the prize ready for those who successfully navigate the challenges, writes Lumina Intelligence’s Sorcha Simons
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News
Mexican chain Zambrero receives £143m in funding
The minority stake taken by Metric Capital Partners will help fuel the restaurant group’s ambitions to open a further 25 sites in Britain and Ireland this year.
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News
Book your tickets for Retailers’ Retailer Awards
There are only three weeks to go until MCA’s Retailers’ Retailer Awards 2023, which will be held at The Roundhouse in Camden on 14 March and hosted by Ed Balls.
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News
Pret revamps iced drinks range
The food to go retailer will launch the new range in April in what it describes as its biggest drinks innovation in more than five years, replacing its current range of frappes and smoothies.
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News
Time Out shelves plans for Spitalfields market
Tower Hamlets Development Committee deferred its decision on Time Out Group’s planning application despite it being recommended by planning officers
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Analysis & Insight
Business confidence recovers from 2022 lows
Almost 50% of sector leaders feel confident about business prospects over the next year, despite spiralling costs leading to average increases of 12% in food menu prices
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Analysis & Insight
Hospitality M&A deals at five-year high
The volume of corporate deals within the food and beverage services sector reached 160 last year – the highest level since 2018, new data has found.