All MCA Insight articles in July 2017 – Page 3
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News
Essex-based newco put forward as Handmade Burger Co buyer
A newly-formed company has emerged as the possible buyer of the majority of the former Handmade Burger Co estate
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Subway to explore new formats in UK
Subway UK & Ireland will launch a number of new formats such as kiosks, pop-ups and mobile sites as part of its bid to reach 3,000 stores by 2020, MCA has learnt.
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M&B year-to-date lfls up 2%
Mitchells & Butlers saw like-for-like sales grow 2.6% in the 10 weeks to 22 July.
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Stonegate adds fives sites to portfolio
Stonegate has added five pubs to its estate over the past few weeks.
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AB InBev: Standout performance from UK in Q2
AB InBev has described the UK as delivering a “standout performance” in the second quarter of this year with top-line growth in double digits.
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Mendes and Barworks to launch Mare St Market
Barworks is to partner with Nuno Mendes to launch Mare Street Market in Hackney
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DoCaSA to make US debut
The Department of Coffee and Social Affairs (DoCaSA) is to make its debut in the US, in Chicago
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Wagamama best performing operator for Hammerson
Hammerson says Wagamama is the best performing restaurant operator by like-for-like sales growth within its portfolio
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Craft Beer Co secures Old Street site
The Craft Beer Co. has secured the former Canvas Bar in Old Street for an opening in mid-September.
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Diageo grows FY sales 3% in the UK
Diageo saw net sales in the UK grow 3% in the year to 30 June.
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Euro Garages invested £16m on Little Chef deal
Euro Garages spent c£16m acquiring the Little Chef business from the Kout Food Group earlier this year
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Chozen and Wrapid co-brand opportunities
The acquisition of Wrapid by Chozen Noodle owner CP Foods offers up the potential for co-branding opportunities in the future, MCA has learnt.
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Red Hot World Buffet founder to launch new venture
Red Hot World Buffet co-founder Parmjit Dhaliwal is teaming up with his son and daughter to launch a new restaurant in Leicester.
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Harvey Nichols “secret” deal contributed to Kurobuta administration
The signing of a “secret” deal to open a Kurobuta site in Harvey Nichols contributed to concept going into administration
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Sushi Shop strengthens pipeline
Sushi Shop will expand its UK portfolio by opening two new London sites, which will mark the “neighbourhood” debut for the concept.
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Intu lfls rental income down 1.5% in H1
Shopping centre landlord Intu has reported like-for-like rental income in the six months to 30 June down 1.5% but insisted it remains confident of a turnaround in H2.
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News
Nicholls joins Night Time Commission
ALMR chief executive Kate Nicholls has been appointed to the Mayor of London’s Night Time Commission.
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News
Just Eat orders up 24% in H1
Just Eat has reported revenues up 44% to £246.6m and underlying EBITDA up 38% to £73.6m, in its interim results for the six months ended 30 June 2017.