All articles by Georgi Gyton – Page 81
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InterviewsRockfish: ‘We’re really focused on profitability’
The seafood restaurant group has reported a record year of sales and is optimistic about a strong summer tourist season, founder and CEO Mitch Tonks tells MCA
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NewsState of Play secures $10m investment from Red Engine
As part of the deal, Steve Moore, co-founder and CEO of Red Engine, will join the board at State of Play, as it looks to push forward its expansion in the US and UK
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NewsMcDonald’s cheeseburger sees first price rise in 14 years
Food price inflation has forced the chain to raise the price from 99p to £1.19, with increases planned for other menu items
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NewsPromotion for Pizza Pilgrims’ Charlie Warren
The Imbiba-baked pizza restaurant group has promoted Warren from senior managing partner to head of operations
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InterviewsTriSpan: ‘Thunderbird is in a good place’
Robin Rowland admits it was “a steep learning curve” with the fried chicken brand, but a wider rollout is not far off, he tells MCA
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NewsGreggs announces new Primark collaboration
Primark will be selling Greggs-branded bucket hats, bumbags, cycling shorts and hoodies from 5 August, following the success of its initial range earlier this year
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NewsHospitality to be hit by further industrial action
London Underground Workers are set to strike on 19 August in a dispute over jobs and pensions.
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NewsVAT hike hits McDonald’s UK sales
Despite the return of the 20% VAT rate, the fast food giant “continued to build QSR market share” in the UK, Kevin Ozam, CFO, McDonald’s Corporation said following its Q2 results update
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NewsRobinsons returns to profit
The Stockport-based brewer and pub operator experienced strong sales last year, recording a profit before tax of £15.4m, and said it continues to be acquisitive
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NewsFour Star Pizza targeting 45 new stores
The Irish pizza chain, led by Colin Hughes is looking to open stores across mainland and Northern Ireland.
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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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Analysis & InsightEBITDA margins increase for operators
Average margins across bars and restaurant have increased to 15% over the past 12 months, according to a new report by Shaw & Co
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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