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All articles by Georgi Gyton – Page 8
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Analysis & InsightPub and bar customers seeking value over quality
The increase in value-led consumers was mainly driven by 45-54 year-olds, with younger consumers increasingly moving into lower spend channels such as QSR, Lumina Intelligence reveals
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Analysis & InsightPub & bar sector to exceed pre-pandemic value in 2023
The market is forecast to reach a value of £23.3bn this year – 1% ahead of its pre-pandemic value, according to Lumina Intelligence
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NewsOpenings of the week
MCA rounds-up this week’s biggest openings stories, featuring Inception Group, Pho, Roxy Leisure, Flat Iron and more
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Analysis & InsightCracking down on carbon claims
From greenwashing to greenhushing, could increased scrutiny of carbon claims halt progress on sustainability in the sector and how can businesses avoid falling foul of the rules? MCA explores the issue
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NewsHeavitree: Fears over trading have not materialised
Feedback from tenants has been that top line trading has held up well during the first half of the financial year with the Exeter-based brewer and pub operator reporting ”satisfactory numbers”
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InterviewsStar Pubs & Bars: ‘The great British consumer still loves pubs’
MD Lawson Mountstevens told MCA’s Pub Conference said despite cost challenges, he feels much more optimistic than eight months ago, as consumer demand is coming through strongly on the top line
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Analysis & InsightFoodservice price inflation increases again
Food price inflation increased to 21.6% in May, on a year-on-year basis – just below the record high of 22.9% in December 2022, according to the latest CGA Prestige Foodservice Price Index
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NewsVarious Eateries sees ‘marginal’ like-for-like rise
The Coppa Club operator reported a 16% increase in group revenue for the 26 weeks to 2 April 2023, to £20.6m, with like-for-like sales “marginally up” versus the prior year.
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InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
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NewsShake Shack UK operator sees losses widen
Diverse Dining, which operates the Shake Shack brand in the UK, saw sales up from £34.8m to £44.2m, but reported a loss of £4.6m for the year to 31 December 2022.
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InterviewsBrakspear: ‘It’s tough, but we want to grow the business’
The pub company and brewer remains on the lookout for acquisition opportunities for its tenanted and managed estates, despite challenging bottom-line economics, CEO Tom Davies tells MCA.
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NewsSt Austell’s top line ‘in good health’
The group achieved a 34% increase in revenue in 2022, versus 2021, however the bottom line remained a challenge, chief executive Kevin Georgel says
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Analysis & InsightUnder-25s spending more on eating and drinking out
Young people are spending 28% more in pubs and bars and 26% on eating out, than in 2022, according to Barclays’ new Evolving the Experience report
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NewsRekom UK: ‘Our 200-site target might take longer to reach than planned’
The late-night operator is doubling-down on its cluster strategy, which will entail the closure of several single sites in some of the UK’s smaller towns and cities, chairman Peter Marks reveals
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NewsHeavenly Desserts and Itsu in brand collaboration
The business has secured the exclusive rights within the dessert cafe sector to feature Itsu’s recently launched bao buns on the menus of its 48-strong store estate, MD Yousif Aslam tells MCA.
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InterviewsPunch: Operator managed model makes us better at running pubs
The model is also providing a solution for “very talented” individuals who want to build a career in the sector, Punch CEO Clive Chesser told MCA’s Pub Conference
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NewsArc Inspirations appoints new CFO and marketing director
The bar group has appointed Ciara Allan as its CFO following the departure of Tim Knockton, while Laura Lewis has been promoted from her role as head of marketing
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Analysis & InsightCost of doing business must be addressed in fight against inflation
The ongoing high costs of doing business need to be “tackled with urgency”, Kate Nicholls, CEO of UKHospitality, has said
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NewsYO! to expand kiosk partnership with Tesco
The Japanese food brand opened its 300th site with the retailer this week, with a further 35 expected to open this year.
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NewsBoxpark’s new Boxhall concept gets green light
The approved proposals for the site in the Metropolitan Arcade building on Liverpool Street include 16 kitchen units, two internal bars, and a roof terrace.