All articles by Finn Scott-Delany – Page 14
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NewsSpring statement: Little meaningful support
The much hoped for extension of a lower rate of VAT for hospitality business failed to materialise in the Chancellor’s spring statement, with industry describing the decision as a “missed opportunity”
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NewsStonegate to press ahead with capex programme
Chief executive Simon Longbottom said the group is “in great shape” and that its conversions to its managed estate are delivering promising results
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InterviewsTRG: We won’t take customers for granted
Following The Restaurant Group’s full year results, CEO Andy Hornby tells MCA how delivery has plateaued at Wagamama, why he’s cautiously optimistic about the revival of concessions, and why the group won’t be hiking prices in line with inflation
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InterviewsJulian Metcalfe: ‘Itsu is still pretty sloppy’
The founder and CEO of Itsu was one of the star attractions at MCA’s Food to Go Conference earlier this month. He discusses taking the brand out of London, finding the perfect investors, and whether he has the headspace for another big idea
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NewsCity Pub Group sells pub package to Portobello Starboard
The five pubs on the South Coast of England, including three in Brighton, were sold for £16.2m
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Analysis & InsightAndy Hornby: ‘As an industry, we should still be very worried’
The Restaurant Group’s CEO has warned that VAT and price inflation are masking the true performance of the market
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NewsTim Martin: Post-lockdown boom hasn’t materialised
Despite a return to more normal trading patterns, the Wetherspoon chairman told MCA sales have been slow to recover
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NewsSimon Dodd to take over as CEO of Young’s
Patrick Dardis, who has been with the pub company for 20 years, will step down at this year’s AGM on 5 July 2022
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Analysis & InsightTortilla: ‘Our site pipeline is so much better’
CEO Richard Morris tells the Food to Go Conference about the paradox of having a good pandemic, and how that led to its IPO
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NewsBrewDog CEO claims ‘significant fraud’ in online campaign
James Watt has said a criminal prosecution is underway for fraud and malicious communication following an alleged campaign of online harassment
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Analysis & InsightBrands grow share of food to go against supermarkets
Greggs, McDonald’s and Costa Coffee all increased their share of the food to go market in 2021, gaining ground on supermarkets, Lumina Intelligence data reveals
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NewsPrezzo vacated 30 sites after pre-pack
The majority of the business was sold in February 2021 to a vehicle owned by Cain International for £5.04m in a pre-pack administration
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InterviewsRudy’s pushes on with expansion
The Mission Mars pizzeria brand has completed on a further two sites, in Division Street in Sheffield, and Portland Street in Manchester, where it will also open a training academy for chefs
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InterviewsCaffe Nero: Customers love delivery
Speaking at MCA’s Food to Go Conference, Caffe Nero’s UK UK CEO Will Stratton-Morris said a major positive to come out of the pandemic was its embrace of new sales channels
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NewsLeader of KFC UK departs
Paula Mackenzie is understood to have left the brand to pursue a new opportunity outside the organisation. She was manager director of KFC UK & Ireland for five years, overseeing a major turnaround at the business
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NewsMcDonald’s Starbucks and Pizza Hut withdraw from Russia
KFC has suspended its company owned operations, but has yet to announce any action on its c1,000 franchisee-run restaurant estate
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NewsTasty EBITDA positive
The Wildwood restaurant operator plans to open five or six new units this year
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NewsGreggs a ‘stronger and better business’
The brand is targeting 150 net new shop openings in 2022, and sees potential for at least 3,000 shops in the UK long term. The bakery business grew sales by 5.3% in 2021 to reach £1.2bn vs 2019
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NewsFulham Shore: ‘Its no secret we’ve done extremely well during the pandemic’
Managing director Nabil Mankarious talks to MCA about the slow and steady growth of cash-generative The Real Greek, which has supported the faster, high street expansion of the simpler Franco Manca
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NewsWatchHouse builds pipeline
The speciality coffee shop operator will add a new cafe off Bond Street, on top of forthcoming sites in Marlybone and Covent Garden, founder Roland Horne told MCA