All MCA Insight articles in February 2024 – Page 2
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NewsFiona Dickie re-appointed as Pubs Code Adjudicator
Appointed for a further three years, she said “much progress” has been made in restoring balance in the relationship between tied pub tenants and pub-owning businesses
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NewsJust Eat grows profits in UK
Adjusted EBITDA in the UK & Ireland improved to €135m in 2023 (2022: €23m), driven by enhanced delivery efficiency and simplification
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NewsBear appoints ops director
Kirsty Rose, formerly of Miller & Carter and Greene King, has joined the coffee shop chain as it looks to grow its estate and ecommerce platform
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Analysis & InsightStrong Valentine’s Day keeps drinks sales level with 2023
Drinks sales at Britain’s pubs and bars stayed level year-on-year last week to continue a solid start to February trading, the CGA by NIQ’s Daily Drinks Tracker shows
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NewsHeartwood opens first pub with rooms
The White Horse in Dorking is the first of five locations confirmed by the group for 2024, with plans to grow to 60 by 2027
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InterviewsSlerp: ‘White label will dominate in the long term’
White label delivery solutions have grown in “leaps and bounds” over the past few years, chief commercial officer Zal Dordi told MCA’s Hostech
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InterviewsHow JKS is unlocking growth through the digital guest journey
The group delves into strategic integration of its reservation platform with the guest digital experience, and how this is improving operational efficiency and driving revenue growth
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OpinionBidding wars return at prime city sites
Ted Schama of Shelley Sandzer sees a polarized sector imbued with renewed confidence but tempered by cash flow issues
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Analysis & InsightBarclays forecasts greater shift towards contactless spend
Contactless spending at restaurants fell -2.9% in 2023, compared to -6.7% for overall restaurant spending
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NewsWendy’s to trial dynamic pricing
CEO Kirk Tanner said the Uber-style pricing approach will rely on digital menu board technology, with a $20m initial investment in the US
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NewsCornish Bakery sees ‘significant’ opportunity for growth
The 56-strong bakery chain reported £23.7m in turnover as it plans to ‘double or triple’ in size
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NewsRed Engine reports £100m sales in 2023
The Flight Club and Electric Shuffle operator saw revenue rise 28% in 2023, with like-for-like revenue growing 10% as it gears up to open eight venues this year
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InterviewsHawksmoor focuses expansion efforts on US
Founder and CEO Will Beckett said the steak restaurant group, which will open in Chicago this year, could ‘probably have a few more’ in the UK but is conscious of saturation
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NewsOodles seeking franchise partners for Southern expansion
The c40-strong Indo-Chinese QSR concept is looking to build its presence in the South and Southwest as well as Scotland
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Analysis & InsightThe old empires of cocoa, coffee and tea are fragile
Climate change and attacks on ships in the Red Sea are disrupting supplies of drinks from the global south
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Analysis & InsightThe rise of no-alcohol Britain
With more Britons cutting back on booze in what appears to be a generational shift, and students changing their social behaviour, Sky News looks at what this means for our pubs and clubs - and how businesses are adapting
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NewsNew UK worker visa rules to close system to employers in key shortage areas
The warning by a government migration adviser comes ahead of a sharp rise in salary floors for overseas hires
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Analysis & InsightReduced train strikes drive dinner occasions
Improved consumer confidence bolstered eating and drinking out market penetration year-on-year in Q4 2023, according to Lumina Intelligence
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InterviewsYouMeSushi targeting 150 sites
The handmade sushi concept plans to grow to 40 sites this year, with a target of 150 over five years, head of franchise Tim Circus tells MCA
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InterviewsSowing the seeds of success: How Farmer J is disrupting lunch al desko
Jonathan and Ali Recanati’s 10-strong fast casual business is set to cross the pond following a £5.5m investment