All articles by Georgi Gyton – Page 45
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NewsCost pressures force closure of six BrewDog sites
James Watt, co-founder and CEO of the Scottish brewer and bar operator called on the government to take action now, or risk mass closure of pubs and bars
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NewsEnergy costs overtaking rent and rate combined
The cost of utilities is now the second biggest operating cost business in the night time economy, the NTIA has claimed
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InterviewsThai Leisure Group: ‘We are stable and strong’
The restaurant group may have picked up a few battle scars during the pandemic, but MD Ian Leigh tells MCA he is more excited about its future than ever
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Analysis & InsightBusiness confidence hits lockdown levels
Only 16% of British management teams are confident about their prospects for the year ahead, according to Lloyds Bank’s latest Business Barometer.
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NewsBoparan appoints new CFO
David Sayer joins the restaurant group from Magnum Brands Group as it continues its rapid expansion of the Slim Chickens franchise
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NewsJDW promises to keep pubs open
JD Wetherspoon has promised it will keep its 851 pubs and 57 hotels trading at their normal openings, despite the impact of rising energy prices
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Analysis & InsightMajor cities showing negative sales versus 2019
Only half of Britain’s 10 biggest city centres are experiencing growth in out-of-home food and drink sales, with London still lagging at the bottom of the table, in CGA and Wireless Social’s latest Top Cities report
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Analysis & InsightThree course meal to reach £85 by 2025
The average price of a three-course meal will increase by £30 over the next three years – excluding drinks, according to analysis from pensions group Penfold.
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InterviewsThorley Taverns: ‘We have to get through today’
Favourable weather has contributed to a strong summer for Kent pub operator, but the looming threat of high energy prices is a major cause of concern, operations director Philip Thorley told MCA.
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Analysis & InsightHigh street closures fall to seven-year low
There has been a significant drop in the numbers of high street chain stores closing, with restaurants seeing net growth, according to new data from PwC.
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NewsIn pictures: Riviera inspired design at new M Canary Wharf
Rare Restaurants will open its third M restaurant next week, at Newfoundland in Canary Wharf.
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NewsPubs at risk from ‘serious irreversible’ damage
Representatives from the board of the BBPA, including Greene King and Admiral Taverns, have signed an open letter to government, calling for urgent support to help tackle soaring energy costs
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NewsWok & Go has ‘flurry’ of openings
The franchise business has opened five sites in recent weeks and has several more lined up as part of plans to reach 150 sites, founder Des Pheby tells MCA
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OpinionReaching crisis point
With record-breaking inflation, talk of blackouts, and ongoing strikes, the new PM will have a big job on their hands, writes MCA deputy editor Georgi Gyton
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NewsOpenings of the week
MCA rounds up the latest openings stories, with new venues for Electric Shuffle, The Cocktail Club, Temper, and more.
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Analysis & InsightMinimum wage hikes: ‘We are not in a position to help’
The TUC has set out plans for the attainment of a £15 per hour minimum wage rate – but operators are not convinced. Featuring commentary from Giggling Squid, 3Sixty Restaurants and Chop’d.
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Analysis & InsightEnergy crisis: The cost of doing business
Many operators are still cushioned from the impact of rising utility bills, but some are facing the very real prospect of seismic increases. MCA spoke to operators including Heart With Smart, Oakman, New World Trading Co, McMullen and Various Eateries to find out how they are faring.
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InterviewsOakman: ‘Impact of price rises on consumer is biggest concern’
Despite worries about a dip in consumer spending, the group can’t rule out further menu prices increases, CEO Dermot King told MCA
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NewsMcDonald’s Corp makes boardroom changes
Marriott International CEO Anthony Capuano will join the board, while non-executive director Sheila Penrose – who led sustainability and CSR – is to retire from her role at the end of September
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Analysis & InsightWarnings over sky-high inflation forecasts
Consumers already struggling with rising prices are set to feel even more pressure after UK inflation was forecast to hit 18.6% early next year.