All articles by Georgi Gyton – Page 38
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Mowgli, Island Poké, Whelan’s and more
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InterviewsRising Star: Arc Inspirations’ Anni Opong strives to always do better
In the first of a series profiling the finalists for MCA’s Rising Star Award at the Retailers’ Retailer Awards, we speak to Arc Inspirations CEO Martin Wolstencroft about why his MD was “a star in the making” from the very beginning
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InterviewsHawksmoor: ‘Being sustainable is both a responsibility and an opportunity’
In the first of a series of articles profiling the finalists in the Sustainability category, sponsored by Pernod Ricard, at the Retailers’ Retailer Awards, MCA speaks to Hawksmoor about the importance of doing the right thing
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NewsStonegate looking to sell 1,000 pubs to pay off debt
The TDR Capital-owned group is looking to raise an estimated £800m from the sale of the pubs, with real estate investment bank Eastdil Secured appointed to advise on the planned sale, according to a report.
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NewsHickory’s saw like-for-likes up 30% last year
The barbecue and smokehouse restaurant group, acquired by Greene King in October, said it had repaired the damage to its balance sheet done by the lockdowns.
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NewsHospitality anticipates 82% rise in energy bills
The sector is expecting to see their energy bills almost double once current government support is lifted in April, according to a new survey.
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NewsMcDonald’s Raise the Arches campaign hits the right note
Recently launched in the UK, the marketing campaign – which never mentions the brand name – has been driving customer engagement
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NewsRail strikes forecast to cost hospitality £100m in lost sales
UKHospitality said the sector continued to be “collateral damage” in the dispute which will see trains cancelled over two days this week
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InterviewsChestnut Group ready for bigger transactions
The East Anglian operator has several opportunities in the pipeline with a strengthened finance team ready for growth, CEO Philip Turner tells MCA
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NewsLate night sector expects no benefit from new Energy Relief Scheme
A flash poll of members of the Night Time Industries Association found that 40% of businesses will lose money under the revised scheme
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NewsTriSpan acquires stake in Mowgli
The global private equity firm is backing the continued expansion of the Indian street food concept, led by Nisha Katona, which has a significant future pipeline in place, including its Brighton restaurant which opens next month.
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NewsBusiness optimism has grown in new year
Overall confidence levels among UK companies increased by to 22% this month – its highest level for the past six months, according to the Lloyds Bank Business Barometer.
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NewsBoE poised to raise interest rates again
The financial markets are expecting a 0.5 percentage point increase in the central bank’s base rate, to 4% – its highest level since the 2008 financial crisis.
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NewsCapco sees strong trading in Covent Garden
The West End property company, soon to merge with Shaftesbury, said it saw leasing momentum in its targeted categories, including new signings such as Gaucho
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NewsCaffè Nero pushes sales past pre-pandemic levels
The coffee shop business saw UK sales in December averaging 110% of pre-Covid levels.
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NewsHospitality sees highest average wage rise by sector
The average weekly wage for full-time hospitality workers has risen by 53% over the past decade, to £502 per week, according to ONS data for the year to 30 September 2022.
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NewsDiageo looking to develop alcohol-free whisky
The owner of whisky brand Johnnie Walker said it was researching alcohol-free alternatives to the spirit, as well as rum
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NewsChancellor to deliver upbeat message on economy
Jeremy Hunt is set to dismiss “gloom” about the prospects for the UK economy and instead deliver a message that the government will bring about long-term prosperity
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NewsEG Group warned over £7bn debt pile
The owner of Leon and Cooplands Bakery has been warned it faces the growing risk of a rating downgrade if it fails to address its debts by the end of June.
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Analysis & InsightTop 10 pub and bar brands return to net outlet growth
The return to net outlet growth of 0.1% has followed two years of slowing net outlet decline, according to Lumina Intelligence, with Loungers leading the way in terms of expansion with its Lounge brand