All articles by Georgi Gyton – Page 60
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NewsStrauss departs Rockfish
David Strauss has left his role as restaurant director at Mitch Tonks’ restaurant group after almost three and a half years, with David Durban named as his replacement
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InterviewsRobin Rowland: ‘Pho deal was fantastic for both sides’
TriSpan’s Robin Rowland and Pho MD Patrick Marrinan spoke to MCA about their Investor of the Year win, why the magic of the brand lies in the founders, and its development journey since the deal
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NewsStonegate managed lfls up 2.3%
The group recorded total revenue for 28 weeks to 10 April 2022 of £827m, compared to £128m the prior year, with sales recovering well since reopening last year
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Analysis & InsightConsumer confidence remains at historic low
The overall index score is -41, but has remained relatively static over the past three months, according to GfK’s Consumer Confidence barometer.
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Analysis & InsightRestaurant insolvencies up +60%
A total of 1,406 restaurants in the UK closed their doors in the 12 months to May 2022, new data from UHY Hacker Young has found
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NewsOakman hires advisers to explore refinancing
The group is understood to have hired Forster Chase to explore refinancing options, as it looks to refurbish a number of new acquisitions
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Analysis & InsightClick & collect: omnichannel must have?
Sales through the channel may have boomed during Covid but are customers still opting to click and collect and how much are operators still investing in the service? MCA investigates, featuring commentary from PizzaExpress, Fridays and Five Guys
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NewsHills leaves Megan’s
Sarah Hills has stepped down as managing director at Megan’s Restaurants after less than two years in the role.
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NewsRed Mist founder launches new venture
Mark Robson has set up New Dawn Pubs with fellow Red Mist Leisure directors, following its sale to Red Lion Holdings
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NewsLoungers: ‘We see lots of opportunity in London’
Openings in Greater London this year to far exceed FY21/22, with its property pipeline remaining “very well advanced”, chief executive Nick Collins has said
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Analysis & InsightWest End hospitality seeing huge cut to trading hours
With a fifth of hospitality vacancies unfilled in the area, almost half of businesses are reducing trading hours, according to a new report
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NewsMcDonald’s takes loyalty scheme nationwide
The fast-food chain has expanded its first loyalty scheme in the UK, MyMcDonald’s Rewards, taking it nationwide, following a successful trial earlier this year
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NewsShepherd Neame makes Bournemouth acquisition
The independent brewer and pub operator has secured its first site in the seaside town – takes its total estate to 300 – as it looks to capitalise on the staycation market
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Analysis & InsightGross profit down as food costs rise
Average overall costs are up by 10% compared to 2019, with food costs up by approximately 13% and drink costs by 8% over the same period, according to Fourth
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NewsBurger King UK to launch new loyalty programme
Your Burger King will launch on 26 July and will enable customers to acquire points which can be redeemed against 22 menu items
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NewsTipping bill ‘good starting point’ says UKH
The introduction of a Private Members’ Bill which would see hospitality operators forced to hand over all tips to staff has been welcomed by industry bodies.
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NewsDeliveroo feels impact of consumer cost pressures
The delivery company has updated its guidance, and downgraded its forecasts for full-year gross transaction value growth
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NewsTortilla like-for-like sales up 19%
Group revenue increased by 60%, to £26.9m, in the half year to 3 July 2022, compared to 2019 – a 55% increase excluding the impact of its acquisition of Chilango in May this year
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InterviewsFive Guys: ‘We are expecting record store openings this year’
CEO John Eckbert spoke to MCA about a year of records in 2021, its strength as an affordable luxury and how it’s zigging when everyone else is zagging.
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Analysis & InsightNew report calls out high salt content in kids’ meals
Campaign group Action on Salt said one in three children’s meals contained 2g or more of salt and is calling for mandatory reformulaton programmes