All MCA Insight articles in January 2023 – Page 5
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NewsUS coffee and açaí bowl concept Raining Berries set for UK launch
The Florida-based business, founded by Bimal Bhojani, believes the UK market offers the potential for more than 250 stores.
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InterviewsOakman: ‘The pace of our growth is being restricted’
The group is keen to capitalise on the “best pipeline it’s ever had”, but is being hamstrung by the lack of availability of good equity or debt deals
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Analysis & InsightQSR and fast food continue to lead outlet growth
The top 10 QSR operators by outlets achieved combined outlet growth of 2.5%, with McDonald’s, Burger King, GDK, and Fireaway Pizza among the fastest growing
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NewsYoung’s appoints new non-executive director
Sarah Sergeant will join the board at the pub company and brewer with effect from 1 March 2023.
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NewsGaucho announces record trading and three new openings
Turnover at the Argentinian steakhouse brand has increased from £55m to £73m over the past year
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NewsStarbucks franchisee posts sales of £75m
23.5 Degrees has grown to 93 sites and now has a pipeline of 50 new openings
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NewsDeliveroo hails ‘significant improvements in profitability’
Orders declined by 2% year-on-year, but this was offset by growth in value per order, driven by item price inflation and consumer fees
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NewsBranded coffee chains defy challenges to achieve strong growth
Project Café UK 2023 shows the £4.9bn UK branded coffee shop market achieved 11.9% sales growth over the last 12 months
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Analysis & InsightPubs and restaurants could see revival in second half of 2023
Value-led operators are predicted to lead a revival in fortunes for the sector, according to Deutsche Bank
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NewsJust Eat maintains focus on profitability
The delivery company continued to see orders decline from their pandemic peak, but maintained a stable gross transaction value despite lower volumes
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Analysis & InsightHospitality sees best December in three years
Operators reported strong trading in December, although sales remain below pre-Covid levels in real terms, according to the latest Coffer CGA Business Tracker
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NewsOperators reduce trading hours in face of skyrocketing costs
Unsustainable utility costs in combination with cost inflation and staffing concerns are increasingly resulting in reduced opening hours
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NewsBrexit leaves 330,000 worker shortfall
A joint study by pro-European think-tanks said that the ending of free movement was constricting the UK economy, adding to inflation and “contributing significantly” to labour shortages
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NewsMenu innovation on the agenda at Food to Go Conference
Pret, Benugo and Moto Hospitality join the line-up of speakers at MCA’s annual Food to Go Conference on 7 March 2023.
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News800° Degrees Pizza joins Reef food hall
The US pizza concept plans to open two more sites in London after making its UK début at Gravity Wandsworth
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NewsWagamama appoints new CFO
Matt Crumpler is due to join the Asian restaurant brand next month from his role as FD at The Restaurant Group
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NewsBrewDog joins Hostech line-up
Recently appointed bars CEO James Brown will discuss how new flexible ways of working are appealing to a mobile-native generation
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Analysis & InsightLunch occasion continues to benefit from tighter consumer spending
Consumers opted for affordable, convenient options in the run up to Christmas, with lunch gaining a 1.8ppt share of occasions, according to Lumina Intelligence.
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NewsGloria Jean’s builds 14-strong pipeline
The Retail Food Group-owned coffee shop brand has lined up four sites in Scotland and nine in England, including former Pret and Patisserie Valerie stores
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NewsCooks Coffee lines up seven new cafes
The New Zealand-based company has openings planned under its Esquires and Triple Two brands across Northamptonshire, Leicestershire and Bedfordshire, London and southern England