All MCA Insight articles in January 2015 – Page 4
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M&B lfls up 4.8% over Christmas
Managed pub operator Mitchells & Butlers have reported like-for-like sales up 4.8% for the festive fortnight and 7.1% on Christmas Day, when more than 200,000 meals were sold.
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Easterbrook to become McDonald’s CEO
Englishman Steve Easterbrook has been named as McDonald’s new president and chief executive
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Former pubs among Tesco store closures
Two former pubs are among the list of supermarkets Tesco intends to close.
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Robinsons working on second managed site
William Robinson, joint managing director of Robinsons, has told M&C Report that the company will open more managed houses this year with the next site already being refurbished.
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Punch eyes further expansion for new formats
Punch Taverns believes there is potential to convert “hundreds” of its sites both across its core and turnaround estate to its fledgling wet-led community local model, Mighty Local, subject to clarity on the market rent only option (MRO), M&C Report understands.
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Growth returns for AG Barr in Q4
AG Barr, the soft drinks producer, has reported an improved performance in its final quarter to 25 January reporting growth of over 5%.
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Brakspear disposed of 10% of estate last year
Brakspear chief executive Tom Davies has told M&C Report that the company disposed of around 10% of its estate last year – and is now in a position to grow both its tenanted and managed divisions.
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Foxcroft & Ginger eyeing growth opportunities
Foxcroft & Ginger, the artisan café-bakery concept, is relocating its centralised production bakery after outgrowing its Soho site to enable it to open more London cafes, M&C Report has learnt
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Hakassan unveils plans for 15 restaurants and hotels
International hospitality group Hakkasan is looking to more than double its estate in 2015 with the opening of 15 new restaurants across its portfolio of brands, including a new concept called Ling Ling, M&C Report has learnt
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Discretionary spending hits three-year high
Discretionary spending hit a three-year high in the final quarter of 2014, as falling inflation and an improving labour market started to put more money in consumers’ pockets, according to the latest Deloitte Consumer Tracker.
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Subway reaches 2,000-site milestone
Subway will open its 2,000th store in the UK and Ireland later today, with a new store in the Jarman Leisure Park in Hemel Hempstead.
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Inception Group to open ‘40s bar set in ‘disused tube station’
The Inception Group, the London-based bar and restaurant operator, is to open its latest concept, Cahoots, on March 5.
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Tortilla set for Guildford
Tortilla, the Quilvest-backed, fast-casual concept, is set to open in Guildford, M&C Report understands.
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Arc implements labour management system
Arc Inspirations, the Leeds-based bar operator, is implementing labour management technology from Catton Hospitality following a successful trial at four sites
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CH&Co secures £1.8m contracts
Charlton House, a CH&Co high-end catering brand, has secured new contracts worth around £1.8m with healthcare company Sanofi and IT provider SSCL for a three year period
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TRG secure 5th Joe’s Kitchen
The Restaurant Group (TRG) are launching the fifth Joe’s Kitchen & Coffee House in Stoke, Stafford as part of a development at the Trentham Estate Gardens
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PizzaLuxe seeks £500k to grow estate of 12
PizzaLuxe, the highly-regarded, gourmet concept founded by Laura Pabon and Paul Goodale, is embarking on fundraising through Crowdcube, the crowdfunding platform, to raise £500k to open two new sites in 2015
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Lazy Cow founder considers casual dining move
Ross Sanders, the managing director of The Lazy Cow group has told M&C Report he is considering starting a casual dining concept.
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Bid to offer MRO exemption to pubcos that invest in sites
A bid to exempt pubcos from having to offer a market-rent only (MRO) option, as long as they significantly invest in a tenant’s pub, will be discussed in the House of Lords tomorrow.
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Welcome Break announces record festive figures
Motorway services operator Welcome Break saw sales hit an all-time high for the three weeks to 6 January with a 12.2% increase year on year to £15.8m.