All MCA Insight articles in January 2024 – Page 8
-
NewsLaine Pub Company delivers ‘credible’ performance
Despite the impact of challenging trading conditions, the 56-strong pub operator reported a rise in revenue to £52.7m in the year to August 2023
-
NewsCooks Coffee reports robust sales growth
The Esquires operator saw UK store sales grow 18.6% to £17.5m in 2023 (2022: £14.7m)
-
NewsRichard Ferrier promoted to CEO at Heartwood Collection
Heartwood Collection, which is backed by Alchemy Partners, is up for Best Pub/Bar Company at the MCA Hospitality Awards coming up in March
-
Analysis & InsightMid-market casual dining will continue to struggle
Pre-Covid overexpansion, challenging trading conditions, and changing consumer habits have resulted in a -5.3% drop in Christie & Co’s restaurant price index
-
NewsPrezzo plans takeaway pasta brand
The Cain International-backed chain wants to launch a new premium food to go brand in travel hubs, The Telegraph reports
-
NewsGentleman Baristas enters administration
The speciality coffee business, which opened a new roastery in Stratford last year, has appointed Parker Getty as administrator
-
OpinionIn defence of Brewdog
The Spectator on why the latest controversy over the craft beer company’s decision to withdraw from the real living wage is overblown
-
OpinionBrewDog: how the anarchic brewery went from progressive to problematic
The unorthodox Scottish brewers are used to making headlines with bold and outlandish marketing strategies, but they’ll have a hard time coming back from their latest blunder, The Independent reports
-
NewsIssa brothers introduce four-day week at Asda
The billionaire owners are seeking to stamp out a revolt among disgruntled store managers, The Telegraph reports
-
NewsThousands of restaurants and pubs closing across UK blame soaring bills
The Independent reports on the pressures facing hospitlaity businesses, with energy bills, the cost of living crisis, as well as after-effects of Covid and Brexit
-
News‘Restaurateurs use tips as an excuse for poor pay’
The Sunday Times publishes letters to the editor amid reports of soaring services charges
-
NewsHome Office visa plans could be ‘nail in the coffin’ for hospitality
Many in the sector feel that new government policies to cut migration prioritise political calculation over economic realism, The Guardian reports
-
NewsMarlowe’s Burger makes MD appointment
The five-strong burger takeaway chain has appointed Carl Traill, formerly of Miss Millie’s, Burger King UK, and Punch Taverns, as MD
-
NewsBoxpark reports its best ever December
The group reported an 108% increase in corporate bookings, while like-for-like sales were ahead 22% and beat revenue from football screenings in December 2022
-
InterviewsFulham Shore: ‘We’re a long, long way from oversaturated’
CEO Marcel Khan, who took the helm at the Franco Manca and The Real Greek operator last week, speaks to MCA about dialling up expansion, being part of the ‘better pizza’ movement, and how with huge investment comes huge responsibility
-
Analysis & InsightPub sector continues to demonstrate resilience
Christie & Co has predicted an uptick in M&A activity for the pub sector in the year ahead, as funding becomes less difficult and private equity returns to the market
-
NewsTDR Capital takes control of Popeyes
The investor, which also backs Stonegate Group and EG Group, has increased its shareholding of Popeyes UK, taking over from Ring International Holdings, which is now a minority investor
-
NewsDavid Read joins Workshop Coffee as chairman
The supply chain expert, best known as founder and chairman of Prestige Purchasing, joins as the premium coffee company continues to scale in 2024
-
NewsD&D London: Diverse portfolio shows ‘remarkable resilience’
Compared to the 2022 festive season, the group experienced “healthy growth” in overall revenue and EBITDA, both of which exceeded the prior year and budget
-
NewsPret warehouse suppliers accept 6.6% pay rise
The GMB union have reached an agreement on a pay raise for warehouse and delivery staff employed by Best Foods under its Pret A Manger contract.