All MCA Insight articles in February 2023 – Page 5
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Analysis & Insight
Food to go market forecast to grow by 4.1% in 2023
The UK food to go market is expected to see its strongest outlet growth since before the pandemic this year, with a net gain of 1,397 sites, according to a new Lumina Intelligence report
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News
BKUK: ‘We are focused on delivering the next phase of Your Burger King’
Burger King UK’s director of digital Tim Love discussed the brand’s achievements with its loyalty scheme and what its evolution will look like at MCA’s recent Hostech conference
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News
Hedge fund calls on TRG to restore market confidence
The Restaurant Group said it welcomed constructive feedback from all shareholders but disputes claims about performance and the level of Oasis Management Company’s shareholding in the business
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News
Online talent platform secures £29m in funding
Brigad raised a Series B round, led by Balderton Capital, in order to accelerate its growth in the hospitality sector across the UK and Continental Europe.
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Browns Brasserie, Five Guys, Black Sheep Coffee and more
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News
Bill’s exits 12 sites due to under-performance
The business also completed a £38m refinancing of its banking facility with HSBC in March 2023
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Analysis & Insight
Hospitality transactions rise 22% on Valentine’s Day
While the number of transactions rose year-on-year, average transaction value flatlined at £24.64, according to payments company Dojo
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News
Coca-Cola: Tremendous growth opportunity for Costa Coffee
The drinks giant is preparing to ramp up the expansion of the coffee brand after being held back for three years due to the pandemic
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News
McDonald’s ups prices, trials saver meals
The fast food brand is increasing the price of five menu items as rising food and energy costs hit, while at the same time introducing a saver meal deal offering in the South East
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News
Rail strikes hit SSP UK trading
Revenues were 83% of 2019 in the four months to 31 January 2023, reflecting the impact of industrial action
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News
Inflation: ‘Venues are squeezing every last drop out of margins’
Price rises continue to significantly hinger hospitality businesses, despite UK inflation falling for the third month in a row
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Analysis & Insight
Uber Eats: Consumers ordering more frequently
UK general manager Matthew Price said the brand’s subscription loyalty service Uber One was creating a stickier customer with larger basket sizes
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Interviews
Azzurri strives to ‘serve better’ for people and planet
Head of responsible business Claudia Candiotto speaks to MCA about the Ask and Zizzi operator’s ambitious new sustainability strategy, Recipe for a Better Future
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Interviews
Slerp: ‘Three out of 10 customers drive revenue for coffee shops’
WatchHouse, Crosstown and 200 Degrees told MCA’s Hostech how coffee shops can become more digitally led to drive loyalty and visits
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Analysis & Insight
Restaurant insolvencies at highest level in years
The last three quarters have all been the worst on record for UK restaurant company insolvencies, with 188 in December 2022 alone, according to Mazars
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Interviews
Döner Shack looks to expand through drive-thru
The kebab concept sees opportunities in drive-thru and kiosk formats as it looks to open 20 restaurants within three years, MD Sanjeev Sanghera tells MCA
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Interviews
Rising Star: JKS ops director ‘in the trenches’ with teams
MCA hears why Joanne Searley has become an essential part of the company’s growth, in the latest finalist profie the the Retailers’ Retailer Rising Star Award, sponsored by Red Bull
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News
Popeyes confirms first drive-thru opening
The 17-strong fried chicken giant has confirmed seven new locations, placing it on track to open a total of 20 in 2023, including its first drive-thru in Rotherham
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News
Pasta Evangelists launches ‘headless commerce’ delivery service
The direct-to-consumer brand is serving hot pasta for delivery in partnership with Slerp
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News
Hospitality faces ‘incredibly challenging’ recruitment landscape
Vacancy rates in the sector are still 72% higher than they were pre-pandemic according to the latest data from the ONS