All MCA Insight articles in January 2024 – Page 4
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Analysis & InsightCoffee and sandwich shops capitalise on convenience
Leaders in the category are achieving growth by doubling down on a their grab-and-go positioning, with digital optimisation and strategic expansion into travel and retail hubs.
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NewsNew FD at Chopstix
Chopstix has appointed Rob King, formerly of Costa Coffee, as finance director as it sets its sights on becoming the largest Asian QSR brand on the continent
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Interviews
Rare Restaurants: We are embracing a truly diverse workforce
CEO Martin Williams is prioritising an inclusive culture which stamps out barriers to growth for its increasingly diverse workforce
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NewsMitchells & Butlers chairman reappointment voted through
Almost 30% of shareholders voted against the reappointment of chairman Bob Ivell at the group’s annual general meeting yesterday
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NewsWetherspoon continues to outperform market
Like-for-like sales were 15.2% up in December 2023, with double-digit growth in the 25 weeks to 21 January 2024
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NewsBreal Group denies interest in ailing North Brewing Co
The London private equity firm has denied it is interested in purchasing North Brewing, should the craft brewer enter administration
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NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
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NewsFlat Iron breaks December weekly records
Like-for-like sales were up 29.8% during the festive period, with nine of the steak restaurant group’s 14 sites breaking weekly records
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Analysis & InsightDelivery and takeaway sales see slowdown in December
Restaurant groups steadily recover their delivery and takeaway sales in 2023, but growth has slowed to well below the rate of inflation
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InterviewsWorkshop Coffee sees 40% uplift in wholesale
The specialty coffee roaster’s £1m funding is earmarked for expansion of its B2B sales, as well as capitalising on the direct-to-consumer opportunity, founder James Dickson tells MCA
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NewsNQ64 launches new laser quest concept
The venture will see the retro arcade bar group expand its existing site in Digbeth to include a 2,750 sq. ft laser quest arena, with future plans to return to existing sites and improve the offering.
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Analysis & InsightQSR outpacing restaurants as consumers trade down
The fast-food market is forecast to grow rapidly driven by continued physical expansion into key travel hubs and a low-ticket appeal for value conscious consumers
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NewsCreams menu innovation delivers sales uplift
The dessert cafe chain reported record festive trading, with a 5.8% rise in like-for-like sales, citing the introduction of reimagined classics and hot desserts to its menu
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InterviewsRare Restaurant’s Rising Star proves ‘the sky is the limit’
Rare Restaurants CEO Martin Williams nominates his operations director Sean Weeraratna for MCA’s Rising Star award, showcasing his rapid ascent through the ranks as a prime example of the potential within the sector
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OpinionFlat, fickle, fierce - a universal truth?
During a New Year’s visit to Argentina, Peter Martin encounters a high inflationary environment but a thriving hospitality scene - a reminder of the universal appeal of eating and drinking out
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NewsCarlsberg Marston’s scrapping of Burton Union System ‘hugely disappointing’
The historic brewing system is being retired at Burton-on-Trent after the joint venture revealed it was no longer viable
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NewsMercato Metropolitano appoints MD
Luke Jenkins has been promoted at the four-strong community food market business, as it concentrates on growing in the UK, as well as expanding through service agreements in Europe and other international markets
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NewsPopeyes set to double UK estate
With over 30 sites set to open in the next 12 months, including restaurants, drive-thrus, and delivery kitchens, the fried chicken brand looks to cement its presence nationwide
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InterviewsCaravan’s Rising Star takes culture ‘from good to great’
Caravan CEO Laura Harper-Hinton commends people & culture director, Fernanda Antonio, for driving an even more positive culture across the business, as part of MCA’s Rising Star award
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NewsWHSmith unveils new coffee shop format
District Market Coffee will launch in two Sheffield hospitals, with potential rollout across 200 hospital locations