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All articles by Georgi Gyton – Page 47
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InterviewsRekom UK: ‘We are focused on expanding our party bar estate’
With fewer opportunities for large nightclub sites and a strong existing portfolio, Rekom is looking to drive future growth through its pub and bar venues, chairman Peter Marks told MCA.
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NewsRekom posts strong revenue growth
The UK arm of the business is currently the group’s strongest performing division, achieving EBITDA of £18.4m in 2022
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NewsItsu launches first hot food-only restaurant
The site in Regent’s Place will be solely focused on hot dishes, with no sushi on the menu, and will be the first of several sites to open in the new format this year
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NewsChopstix targeting 30 new sites and £65m revenue this year
The forecast uplift in revenue would equate to a 40% rise versus FY22, with the Asian QSR group targeting sales of more than £90m over the next financial year.
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NewsHospitality Rising campaign reaches more than 5.5m
Social media has been widely utilised as part of the campaign, with TikTok content alone having generated 13.5m impressions so far, reaching 2.1 million young people.
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Analysis & InsightLunch sees largest day-part share rise
Lunch now makes up 26.6% of all occasions, compared to dinner occasions at 29% and breakfast at 3.7%, according to Lumina Intelligence’s new Eating and Drinking Out Panel Quarterly report.
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NewsUber Eats to delist some virtual restaurants
The delivery company is looking to reduce the number of virtual restaurants and their physical counterparts listing replica menus as well as improve the quality of its listings.
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NewsUKHospitality: ‘It’s inevitable that menu prices will rise again’
Responding to the interest rate rise, CEO Kate Nicholls said tackling the main drivers of inflation would help stem further increases
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NewsFever-Tree sees on-trade sales up 28% year-on-year
The drinks supplier saw strong growth in the on-trade despite the impact of strikes and disruption over the key December trading period
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring The Wolseley City, JD Wetherspoon, The Real Greek and more
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NewsBBPA warns of ‘cliff edge’ for many pubs
Pubs across the country will be hit with a significant increase in energy costs from 1 April, with the average bill to go up by more than £18k a year, the trade body has warned
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NewsMinister for Hospitality: ‘We are keen to find a solution to energy cost pressures’
The government is “acutely aware” that many businesses have contracted at higher prices and are subject to increased standing charges, Minister Kevin Hollinrake has said.
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NewsHospitality vacancies almost double 2019 levels
The number of online job adverts for hospitality workers in the north east of England has more than doubled, with Wales seeing a 98% increase, according to Indeed Flex
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NewsRMT rail strikes called off
The nationwide rail strikes planned for 30 March and 1 April have been called off as the union announced it would enter fresh talks with the Rail Delivery Company
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NewsJust Eat to axe jobs of around 1,700 workers
The delivery company has made the decision to use gig economy workers, rather than employees, despite previous comments criticising this emoployment model
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NewsDanieli Group outlines expansion plans
The north east leisure operator has plans to expand its Stack food hall and live music concept to more than 10 sites over the next five years, following a strong sales performance
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Analysis & InsightGraphite Capital: Businesses acting on sustainability are more investible
Operators who can’t show what they are doing around sustainability may struggle to obtain future investment, according to Graphite Capital
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Analysis & InsightAverage spend up 16% at breakfast
The eating and drinking out market has seen an 8% increase in average spend across all occasions, with breakfast showing the strongest growth, Lumina Intelligence data shows.
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Analysis & InsightManchester city centre sees strong recovery
The city has seen a strong ongoing recovery in footfall, with figures up 5.8% in March – double the average national levels, new data has found
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Analysis & InsightRecruitment: ‘We need to start thinking about Gen Alpha’
The generation after Gen Z is likely to have equally high expectations about the companies they choose to work for, MCA’s Food to Go Conference heard