All MCA Insight articles in January 2018 – Page 10
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NewsGunewardena hails 'flight to quality' in December trading
Des Gunewardena has credited a “flight to quality” to D&D London’s strong December trading.
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NewsBTP ops director departs
Duncan Zvonek-Little has stepped down from his role as operations director at Boston Tea Party after 18 months with the company, MCA understands.
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NewsPatty & Bun confirms Brighton site
Patty & Bun has confirmed its first regional site in Brighton, as flagged up by MCA in August 2017.
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NewsBrewDog extends fundraise
BrewDog is extending the deadline for its Equity for Punks crowdfunding programme citing an “incredible groundswell of demand” to invest.
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NewsUK coffee shop market to grow by 5.3%
The total UK coffee shop market is set to exceed 31,400 outlets by 2022, with a turnover of £13bn, Allegra World Coffee Portal has forecast.
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NewsHouse of Song to open second live music venue
The House of Song is to open its second live music venue, Studio 88, off Leicester Square, later this month.
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News
Steamin’ Billy eyes growth to 20
Steamin’ Billy, the Leicester-based pub group, is eyeing growth to 20 sites and is targeting small group acquisitions.
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News
Ivy Collection confirmed for Glasgow
The Ivy Collection, the Richard Caring-backed operator of the Ivy Market Grill and Ivy Café formats, has been granted planning permission to open in Glasgow’s Buchanan Street.
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OpinionAre you adding value? Part 2
Yesterday I wrote that the UK’s hospitality industry was facing a period of fundamental change, with the threat of a significant gap developing in parts of the sector. This morning the focus falls on the value of delivery, technology, experience, property, investment (does private equity have a duty of care?) and protecting your reputation
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Opinion
Analysts corner: Barnfather on City Pub Group
Leading analyst Anna Barnfather, of Liberum, has said City Pub Group’s management strength and track record as well as its freehold asset base make it an attractive investment.
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News
Smith acquires Marston’s pub for fourth site
Derbyshire-based multiple pub operator Jonathan Smith has acquired the Red Lion in Shirland from Marston’s.
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News
EiG partners with Yext
Ei Group has partnered with Yext, the global digital knowledge management provider, to improve customer experience and drive footfall to its websites.
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News
Distil Q3 revenue up 19%
Distil, the producer of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago’s Cream Liqueur and Diva vodka, has reported third quarter revenues and volumes climbed by 19% to December.
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News
Savills announces succession plan
The board of Savills has announced that Jeremy Helsby will retire as group chief executive at the end of 2018 after 39 years with the company.
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News
Greggs FY lfls up 3.7%
Greggs has reported like-for-like sales in its company-managed stores up 3.7% for the year to 30 December.
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NewsJanuary 2018
The January 2018 digital edition of the MCA journal is now available, including a special report on the landscape of discounts and promotions, which swept across the sector in the last quarter of 2017 and into the New Year. It also features profiles of leading operators including Burning Night Group, POD, Neil Rankin, Sticks n Sushi and Yard Sale Pizza.
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News
Restaurants ‘can do more on beer/food pairings’
Tim Clay, the new managing director of Asahi UK, has said there are still significant opportunities for restaurant operators to tap into the demand for beer and food matching.
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NewsB&K exceeds £7m fundraising target
Brewhouse & Kitchen is preparing to close its £7.7m equity raise after hitting its extended target within three weeks.
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News
Inn Collection lfls up 13% in 2017
North east-based pub group, the Inn Collection, has reported a rise in like-for-like sales of 7.5% in the five weeks to January 6.
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OpinionAre you adding value? Part 1
With the next quarterly rent call at the end of March looming, the sector is set to enter a crucial period, one that could lead to it fundamentally changing, with businesses questioning their position in it, their own values and value.