All MCA Insight articles in January 2023 – Page 9
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NewsBritain proves its supersize appetite for American fast food
State-side brands are seizing on Five Guys’ success to break UK market, The Telegraph reports
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NewsCrippling train strikes force London hotels and bars to put staff on zero hours
Hotels in the Square Mile say occupancy rates have been hit by this week’s strikes, the Evening Standard reports
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NewsTrain strikes revealed to have cost London £180 million in a single week
London will have been hit far harder than other regions, the Evening Standard reports
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NewsFamed A-list haunt Julie’s closes its doors after 53 years
One of London’s celebrity dining destinations has closed, with Savills appointed to sell the Holland Park institution, the Evening Standard reports
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NewsBrewhouse sees festive like-for-like sales up 15%
The brewpub group attributed to the growth, not just to it being the first Covid restriction free Christmas since 2019, but also the strength of its festive offer and hard work of its teams.
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NewsGiggling Squid has ‘most profitable year since inception’
The group reported turnover for the 52 weeks to April 2022 of £65.9m, up 94.4% on 2021, with seven new restaurants having opened during the period
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Analysis & InsightThree times a habit for Byron insolvency
Once one of the most promising casual dining brands of its generation, Byron is facing the ignominious prospect of another pre-pack sale, which would be its third restructure in five years. MCA examines the rise and fall of the proper hamburger restaurant operator and asks where it all went wrong
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InterviewsJW Lees: ‘The cost of electricity is devastating our business’
William Lees-Jones, MD at the North West brewer, speaks to MCA about festive trading and his optimism despite a challenging year ahead
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Analysis & InsightTop 100 restaurant businesses return to profit
Based on company accounts filed as of 30 September 2022, leading businesses made a combined profit of £19.9m, up from a loss of £673m as at Q3 2021, according to UHY Hacker Young
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NewsPenny Manual to step down from Soho Coffee Co
Under her leadership, the coffee shop group has grown to a portfolio of more than 40 sites
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NewsSukho Group reports post-pandemic bounceback
The multibrand restaurant group, comprising Zaap Thai and Sukho Thai, has reported £13.5m in sales for the year ending March 2022
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NewsSix by Nico plans four more in 2023
The Nico Simeone-led group is plotting major expansion across the UK and internationally following robust financial results in the year since Covid restrictions were lifted
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NewsJollibee appoints head of UK territory
Rodel Alcantara, business head for Jollibee Europe, replaces Adam Parkinson, who departed last year
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NewsPret broadens value offering
In response to the cost of living crisis, the brand is looking to offer customers options at at “different price points to suit their budget”
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News
Pure eyes ‘exciting growth opportunities’ in 2023
The healthy food to go brand doubled sales in 2022 to reach £20m, after refining its operations, menu and marketing
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NewsD&D London confirms four closures
East 59th in Leeds, Klosterhaus in Bristol, Avenue in St James and Radici in Islington will cease trading due to “spiralling utility, food and beverage costs and the unstable labour market”
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NewsFamously Proper looks to secure pre-pack deal
The Byron and Mother Clucker owner has filed a notice of intention to appoint administrators but is confident it will secure a rescue deal
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NewsNightcap restructures to operate as single group
Nightcap has announced it will operate as a group rather than three companies – The Cocktail Club, Adventure Bar Group, and Barrio – beginning this month
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NewsDoh’hut lines up five sites in London
The Leeds-based concept is launching in the capital as part of an agreement with the director behind the UK rollouts of Eggslut and Halal Guys
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NewsFlat Iron eyes three or four new sites in 2023
The affordable steak concept is taking a measured approach to growth this year, but has confidence in its offering amid cost of living pressures