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All articles by Georgi Gyton – Page 32
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NewsBrewDog shuts Mumbai bars
The brewer and bar operator had plans to open 100 bars in India but has shuttered its two flagship sites following challenges in the market, it has been reported
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Analysis & InsightMarston’s has potential to outperform market
The pub group has shown solid progress over the year, “beating street expectations on all fronts” – trading momentum, margin expansion and de-leveraging, according to analyst JP Morgan Cazenove.
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NewsBleecker lines up two more sites
The burger business is planning to open two further restaurants before the end of its financial year in April, including one at Kerb’s Seven Dials Market, founder Zan Kaufman told MCA
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NewsGusto’s subscription scheme driving significant cover growth
There is no such thing as a truly loyal customer in casual dining, with the Italian restaurant group instead focusing on a driving a transactional relationship, CEO Matt Snell tells MCA’s Restaurant Conference
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NewsNando’s launches full hospitality career pathway
The restaurant chain has launched a Level 5 apprenticeship in England and expanded its programme to Scotland for the first time
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NewsDishoom: ‘Decision to take outside funding not taken lightly’
The Indian restaurant group is “taking a cautious approach to choosing an investor”, as it plans to launch in the US in 2026, Shamil Thakrar told The Times
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Analysis & InsightLicensed premises numbers continue to grow, but Budget jeopardises recovery
The number of licensed premises in Britain increased by 0.7% between July and September 2024, according to the new Hospitality Market Monitor from CGA by NIQ and AlixPartners.
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NewsOpenings of the week
MCA rounds-up the latest openings stories from the past week, featuring Roxy Leisure’s first London site, a six venue for Black Bear Burger and the return of All Bar One to Richmond
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NewsGovernment drafts legislation to cut business rates
The government says this is the beginning of its promise to reform business rates and boost the high street, but operators argue more clarity is needed on what the reform will look like
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InterviewsYoung’s: ‘We want to get the City Pub estate rocking and rolling’
Chief executive Simon Dodd talks to MCA about the positive momentum in the business, the “outstanding” returns it is seeing from some of its investments and opportunities to develop the City Pub estate
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NewsBlacklock sells stake to BGF
The chop house restaurant, led by Gordon Ker, is understood to have sold a minority stake to the British Growth Fund, following reports it had been exploring options for the business
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NewsJDW switches from Spanish to Italian beer
The pub business has said it will no longer serve San Miguel, once current stocks sell out, and will be replacing it with draught Italian beer Angelo Poretti, later this month.
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NewsMarcel Khan: Franco Manca is moving forwards by looking backwards
The Fulham Shore CEO believes the brand can achieve even greater success by zeroing in on the human connection and personality it had in its heyday, he tells MCA’s Restaurant Conference
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NewsYoung’s achieves 22.9% increase in adjusted EBITDA
The pub operator achieved adjusted EBIDTA of £59m for the 26 weeks to 30 September 2024, with profit before tax up 3.3% to £25.3m as it benefited from a strong performance during the Euro ’24 football tournament and the integration of the City Pubs estate.
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Analysis & InsightPrivate equity activity quieter on deal front
While private equity groups have been cautious to invest in restaurants, the last 12 months have seen more deals involving private investors, AlixPartners’ Graeme Smith tells MCA’s Restaurant Conference
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NewsGreene King appoints new group marketing director
Kevin Hydes joins the pub operator and brewer after stepping down as chief commercial officer at Tim Hortons in August
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Analysis & InsightQuality overtakes value as top consumer demand
The quality of ingredients used in dishes is one of the leading consumer demands indicating a shift in priorities, according to the latest insight from Lumina Intelligence.
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NewsHaché Burger poised to appoint administrators
Haché Burger Connoisseurs Limited – led by Jamie Barber and Ed Standring – has filed a Notice of Intention to appoint administrators, with four of its sites having ceased trading
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InterviewsBrewhouse & Kitchen to launch Craft House concept
Four existing high street locations will be converted to the more traditional pub concept over the next six months, in a move away from its brewpub model, CEO Kris Gumbrell tells MCA
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InterviewsLack of data harmony is holding back agility
Azzurri Group developed common data model Openr in order to try and provide a single solution as operators struggle to manage massive data streams across multiple platforms, MCA’s Hostech heard