All MCA Insight articles in January 2023 – Page 8
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NewsByron set to shutter half its estate
It is understood the burger chain will close 10 of its 21 remaining sites as part of a pre-pack administration, likely to be confirmed this week
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NewsInception Group posts return to profit
The experiential venue operator of Mr Fogg’s and Control Room B saw revenues bounce back to £12.7m in the year to December 2021
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NewsPizza Pilgrims launches ‘Nutelleria’ concept
The London pizzeria chain will launch a £1 espresso bar and Nutella-themed dessert concept at its Kingly Court restaurant later this month
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NewsCoffee#1 to debut inside M25
The coffee chain has announced three new openings to extend its presence in the Southeast and Midlands, with its first launch inside the M25
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NewsRedCat: ‘Headwinds will create opportunities for us to grow’
The pub investment company, led by Rooney Anand, achieved adjusted group EBITDA of £7.2m, with a net loss after tax of £5.4m in its first full financial year
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InterviewsGiggling Squid: ‘We’re trading way ahead of pre-Covid’
After reporting a turnover of £65.9m for the year to April 2022, trading has stayed resilient through a challenging environment, MD Andy Laurillard tells MCA
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NewsMission Mars continues strong momentum
The Albert’s Schloss and Rudy’s Pizza operator has reported a 26% rise in like-for-like sales over the Christmas period, attributed to record sales in both brands
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NewsPunch Pubs looks to capitalise on post-pandemic bounceback
The pub operator has rebounded strongly and is looking to maximise profitability and pursue strategic acquisitions
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NewsEasterbrook banned over ‘false statements’
The former McDonald’s CEO was fined $400,000 and agreed to a five-year directorship ban after misleading investors over inappropriate personal relationships with staff
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NewsDame Karen Jones appointed as Whitbread non-exec
Winner of MCA’s Retailers’ Retailer of the Year in 2022, Jones joins Whitbread’s board and remuneration committee
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NewsGlendola Leisure: ‘We are in good shape’
The 17-strong operator has worked to rationalise its business and is now ready to take advantage of growth opportunities, MD Alex Salussolia tells MCA
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NewsFridays revamps loyalty scheme
Customers can now win ‘stripes’ on all menu items, which they can then redeem on food and drink, in a bid to reward customer behaviour rather than simply spend.
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NewsProfits up at Laine Pub Co
The Fortress-backed operator delivered a solid performance in 2022, despite challenges with Omicron in Decemeber 2021
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsRobert B. Cook steps down from Hostmore
Julie McEwan, currently chief operating officer of Fridays, has been appointed interim CEO while a permanant replacment is sought
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NewsScoffs Group appoints group operations director
The largest franchisee of Costa Coffee in the UK has appointed Luke Daines as group operations director
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NewsPunch Pubs revenue recovers
The pub operator has reported a revenue of £284.4m and a loss after tax of £3.1m for the year ended 14 August 2022
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InterviewsMcMullen’s: ‘There is a lot to look forward to in 2023’
The 130-strong brewer has built up its proposition post-pandemic, with sales hitting new records over the festive season, joint MD Heydon Mizon tells mMCA
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NewsTortilla stays resilient through 2022
Tortilla has reported group revenue of £57.7m for FY22, with Q4 like-for-like revenue growth 16% up vs FY19 despite challenging trading conditions
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NewsBeer vouchers and half-price tickets help firms beat the blues
Firms are trying new ways to persuade consumers to keep splashing out, The Sunday Times reports