All MCA Insight articles in January 2022 – Page 2
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Analysis & Insight
Fooftall and eating out on the rise
The number of sit-down meals eating eaten out last week increased by 5 percentage points, reaching 97% of the level in the equivalent week of 2020, according to OpenTable data
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Interviews
Fridays: ‘We are likely to exceed our openings target’
The popularity of the Fridays brand coupled with a strong covenant and balance sheet is enabling parent company Hostmore to snap up sites, chief executive Robert B Cook tells MCA.
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Article
MCA’s February edition is available to read now
The latest edition features an in-depth look at the mental health issues affecting the hospitality sector, as well as how Covid testing centres are draining door staff from late night venues
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News
Whitbread appoints CFO
Hemant Patel, who has been finance director at Whitbread for three years, takes over on 21 March 2022 from Nicholas Cadbury
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Analysis & Insight
Corbin & King: The extraordinary public row with its majority investor
As Minor International forces The Wolseley operator into administration over unpaid debts, MCA examines the background to the bitter row
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News
Fuller’s: Strong desire to return to city
The pub company has reported improved trading since the new year, having gained further momentum with the lifting of restrictions in England
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News
Black Sheep backed by Future Fund
The speciality coffee shop operator is one of more than 100 British companies the UK taxpayer has become a shareholder in
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Interviews
Hero Award: Revolution hails flexible, enthusiastic head of safety
In the first of a series of articles profiling nominees for MCA’s Hero of the Year at the Retailers’ Retailer Awards, we speak to Revolution Bars Group CFO Danielle Davies about her pick, Mike Buckley
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News
Knighthead tables £38m rescue deal for Corbin & King
The US fund has reportedly told administrators to Corbin & King it is prepared to refinance all outstanding loans owed to majority investor Minor International
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News
SBPA welcomes extra support for Scottish brewers
The Scottish Beer & Pub Association has welcomed the announcement that further grants of up to £29,500 will be made available to the country’s brewers.
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Analysis & Insight
Marston’s location bias could leave them exposed
Marston’s bias towards sites in the West Midlands and the North of England could leave them “particularly exposed” to a macroeconomic downturn, according to analyst JP Morgan Cazenove.
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News
Shaftesbury boosts F&B offering at Seven Dials
WatchHouse Coffee and Aspirational Brands are among the operators broadening the offering within Seven Dials.
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News
Unruly Pig named number one gastropub
Suffolk-based the Unruly Pig has been crowned number one on this year’s Estrella Damm Top 50 Gastropubs list.
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News
Corbin & King placed into administration by majority investor Minor International
The Thailand-based investor said the restaurant group was insolvent, but CEO Jeremy King accused Minor of a power play to seize control of the holding company
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Interviews
‘Fridays and Go could be game changer’
Fridays and 63rd+1st CEO Robert Cook told MCA its new QSR concept had the potential to “grow legs and grow them fast”
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News
Boxpark in talks on several new sites
The Roger Wade-led food hall operator plans to open two to three sites a year over the next five years
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News
Wells & Co to offer further rent concessions
The decision by the family-owned pub business to offer a 10% rent concession to all its leased and tenanted pubs across came off the back of a tough December
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Analysis & Insight
Delivery up 127% in December
Consumers opted to stay at home in the run-up to Christmas due to concern over Omicron, data from CGA and Slerp reveals
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News
Warning over pub inflation
City Pub Group chairman Clive Watson said the price of a pint could rise by as much as 50p
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News
Marston’s predicts a return of strong trading momentum
The pub company saw like-for-like sales fall by 3.9% for the 16 weeks to 12 January, reflecting the impact of Omicron