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All MCA Insight articles in February 2024 – Page 3
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NewsFulham Shore makes MD appointments
Javed Akhtar and Sandro Spahiu have been appointed as managing director for Franco Manca and The Real Greek, respectively
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NewsBurger King ads banned for targeting children
A number of deals sent through the Your Burger King loyalty programme could be redeemed by under 16’s, said the Advertising Standards Association, contravening regulations around promoting food and drinks high in fat, salt and sugar
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NewsM&B smokehouse brand to go head-to-head with Hickory’s
Mitchells & Butlers is looking to go head-to-head with Greene King with the launch of their take on a smokehouse brand
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NewsCarlsberg expects moderate operating profit growth
In the UK, the business reported ’solid performance ahead of market’ with good growth for Poretti, Brooklyn and alcohol-free brews.
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NewsDöner Shack to relaunch franchise prospectus
The Berlin-inspired street food concept has revealed its brand transformation, with the launch of a new breakfast offer and in-house delivery service
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NewsKFC UK system sales up 6%
Parent company Yum! Brands reported results for 2023 including worldwide system sales up 7% at KFC, with Taco Bell at 6%, and Pizza Hut at 1%.
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NewsBennett and Taylor step down from PizzaExpress
Jo Bennett has left the pizza chain after three years as chief business officer, while Stephen Taylor steps down as chief marketing officer
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NewsPizza Hut franchisee places 38 sites on market
Nine Food Group is looking to sell 31 high street Pizza Hut delivery stores alongside seven Pizza Hut Express stores
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NewsNeat Burger rebrands to ‘Neat’ and expands menu
The Lewis Hamilton-backed brand will overhaul its menu with a healthier offering and ‘better burgers’, after it closed half of its eight venues in the UK last year
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NewsRestaurateurs targeted by cloning scam
Heston Blumenthal, Yotam Ottolenghi and The Ritz have been targeted by an identity theft scam, where fraudsters register a business with Companies House, and open bank accounts and apply for loans
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NewsSoho House ‘hurtling towards financial ruin’
GlassHouse Research accuses the private members club of having a broken business model, terrible accounting and a persistent lack of profits
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NewsSchofield’s tops Top 50 Cocktail Bars
The Manchester bar, which is run by brothers Daniel and Joe Schofield, topped the annual list having been a regular on it since opening in 2021
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NewsRare Restaurants achieves double-digit turnover growth
The Gaucho and M operator saw revenues reach £75.3m in 2023, and continues to grow its brands with a pipeline of 30 locations
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NewsArc Inspirations, ETM Group and Regional Taverns partner with the NFL
The venture will see the three sports-led hospitality operators offer fans watch parties, activations and competitions to bring in-stadium entertainment to the bar
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Analysis & InsightDigital evolution drives growth for The Ivy
Group chief technology officer Jon Davis tells MCA’s Hostech conference how members of its Ivy Premier Rewards loyalty scheme are spending £4 more per head, with a 1.6% increase in visits
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, including Nando’s, Bunsik, Sticks ‘n’ Sushi, Amorino, and more
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NewsOakman to demerge Seafood Pub Company
The ten-strong pub concept, which was acquired out of administration in 2021, will continue under the sole ownership and direction of former Oakman CEO Dermot King
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Weekend PressHistoric Suffolk brewery Adnams in scramble to raise new funds
Sky News has learnt that Adnams is working with Alvarez & Marsal on a range of options to shore up its finances
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Weekend PressUK farmers vow to mount more blockades over cheap post-Brexit imports
Farmers say there will be further protests at Dover, against low supermarket prices and cheap food imports from post-Brexit trade deals, reports The Guardian
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Weekend PressConcerns over chocolate prices after cocoa cost hits record high
Prices leapt by more than 5% on Friday alone, reports The Evening Standard