All MCA Insight articles in January 2024 – Page 6
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Chopstix, Bubbleology, Loungers, Taco Bell, YiQi and more
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NewsCornish Bakery plans to ‘double or triple in size’
The 60-strong bakery brand continues to seek rapid expansion after a “game-changing” rebrand, and is hiring a new managing director to achieve these ambitions.
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InterviewsChopstix: We haven’t forgotten our roots
Inspired by its founders’ own journey into hospitality, the noodle bar brand is committed to supporting colleagues from diverse and under-represented backgrounds climb through the ranks, according to the latest finalist profile for the MCA Hospitality Awards’ Diversity Leadership Programme category
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NewsNorth Brewing ‘seeking investment’ to stave off administration threat
The Leeds-based brewer and bar operator is working with advisors and has commenced a process to seek additional investment, after filing a notice of intent to appoint administrators
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NewsMegan’s reports most successful Christmas to date
The all-day restaurant group reported 19.3% like-for-like sales growth and has lined up four openings for this year, remaining on track to deliver £30m in revenue
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Analysis & InsightManaged sector finishes 2023 on a high
Restaurants, pubs, and bars saw sales improve 8.8% during the all-important December trading period, completing a 12-month run of like-for-like sales growth
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NewsIan McHoul steps down from Young’s
McHoul will step down as non-executive director when his second three-year term expires on 23 January, with Aisling Meany taking over as chair of the audit committee
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Analysis & InsightFestive trading paints improving market picture
Easing inflation and more reliable train services boosted market metrics during the festive period, as data from Lumina Intelligence shows increasing consumer confidence and more people eating out
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News'Endless' business cost increases risk inflationary spike
With hospitality among the highest contributor to the growth in inflation rate in December, continued business cost rises could reverse a downward inflationary trend in recent months
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NewsShareholders approve City Pubs takeover
Shareholders voted in favour of the Young’s deal by 99.69%, which values City Pub Group at £162m
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NewsYoung’s Christmas like-for-likes up 7.2%
The premium pub group recorded several of its best ever trading weeks, with some of the highest daily sales in Young’s history
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NewsXP Factory doubles revenues for second year
The experiential leisure business, which operates the Escape Hunt and Boom Battle Bar brands, reported group turnover of circa £44.5m in the 12 months to 31 December 2023
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NewsMooboo launches new speciality coffee concept
The bubble tea operator has announced a new venture which is set to debut in High Street Kensington, offering speciality coffee with an on-site roastery.
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InterviewsThe Salad Kitchen sees scope for 100 sites
The London-based salad bowl concept plans to turbocharge growth on a nationwide scale through franchisng, with a long-term ambition to be “bigger than Pret”, founders Sam Cole and Ross Cannon tell MCA.
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InterviewsMoto: Diversity and inclusion is in our DNA now
In the first of a series of interviews profiling finalists in the Diversity Leadership Programme category at the MCA Hospitality Awards, the motorway services operator discusses building diversity and inclusion into the business as a shared responsibility
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Analysis & InsightChristie & Co: ‘Equity players are looking at the long term’
Simon Chaplin, senior director of Pubs, Restaurants, & Franchise, speaks to MCA about the 2024 outlook for M&A, the gap in the market for better burgers, and how QSR is stepping in amid the demise of casual dining
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NewsJust Eat order numbers slide
The UK and Ireland saw 1% sales growth in 2023, while total orders were down 2% in the region for the delivery platform
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NewsHospitality vacancies fall to 112,000, but remain higher than pre-Covid
Current vacancies remain significantly higher than the pre-pandemic levels of 89,000 as UKHospitality continues to call for reform of the Apprenticeship Levy
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NewsM&B ‘well positioned’ to grow profitability and market share
Mitchells & Butlers has announced a strong trading performance over the festive season, with like-for-like sales growth of 7.7% in the year to date, increasing to 10.1% over the five key festive days
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InterviewsD&D London’s David Loewi on closures, the £60m sale, and life after Des
A new owner, a spate of closures, and the exit of one of its founders has put D&D in the spotlight, but its CEO believes the future is bright for London’s largest high-end restaurant group