All MCA Insight articles in July 2022 – Page 3
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Analysis & Insight
Lumina: Who’s counting? Calorie labels are a drag
Brands are continuing to innovate with fresh and lower calorie options to boost choice for health-conscious consumers, writes Blonnie Whist of Lumina Intelligence
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Analysis & Insight
EBITDA margins increase for operators
Average margins across bars and restaurant have increased to 15% over the past 12 months, according to a new report by Shaw & Co
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News
Strauss departs Rockfish
David Strauss has left his role as restaurant director at Mitch Tonks’ restaurant group after almost three and a half years, with David Durban named as his replacement
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Analysis & Insight
Delivery and takeaway sales continue to plateau
Delivery and takeaway sales saw the eighth month of year-on-year decline in June, according to CGA and Slerp’s Hospitality at Home tracker
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Analysis & Insight
Sector turnover expected to rise by 30% above 2019
Operators across hospitality and leisure reported confidence in growth, albeit hampered by staffing challenges, according to Barclays’ UK Hospitality Challenges report
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Analysis & Insight
Regional cities recover vibrancy
Sales over the four-week period to 2 July were an average of 2% higher than in the same time in 2019
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News
Brighton Pier Group sales exceed £40m
The group’s bar division reported like-for-like sales growth of 21% compared to 2019
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News
Maguro to open new Korean BBQ concept
Inspired by Korean restaurants on wheels, the 1,670 sq ft Pochawa Grill will open at 29 Wardour Street later this year
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Interviews
Robin Rowland: ‘Pho deal was fantastic for both sides’
TriSpan’s Robin Rowland and Pho MD Patrick Marrinan spoke to MCA about their Investor of the Year win, why the magic of the brand lies in the founders, and its development journey since the deal
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News
Stonegate managed lfls up 2.3%
The group recorded total revenue for 28 weeks to 10 April 2022 of £827m, compared to £128m the prior year, with sales recovering well since reopening last year
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Analysis & Insight
Consumer confidence remains at historic low
The overall index score is -41, but has remained relatively static over the past three months, according to GfK’s Consumer Confidence barometer.
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Analysis & Insight
Restaurant insolvencies up +60%
A total of 1,406 restaurants in the UK closed their doors in the 12 months to May 2022, new data from UHY Hacker Young has found
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News
Oakman hires advisers to explore refinancing
The group is understood to have hired Forster Chase to explore refinancing options, as it looks to refurbish a number of new acquisitions
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News
Prices fall as UK heatwave produces glut of soft fruit
Yields of cherries, strawberries and blueberries could more than double on the same time last year, the Guardian reports
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News
Franco Manca: ‘We secretly raised our wages and pinched our rivals’ best staff’
Franco Manca boss David Page spoke to the Telegraph about bouncing back, Pizza Express and ‘charming’ Rishi Sunak
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News
Firms face £22bn business rates hike
Businesses call for an increase in government support as companies brace for rise in tax toll and soaring costs, the Mail on Sunday reports
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News
Coffee wars leave Starbucks ground down by rivals
Starbucks is losing out in an increasingly competitive market and could sell its British operation, the Sunday Times reports
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News
Inflation could hit 15 per cent this winter, warns EY
EY’s stark warning comes as food and gas are left at mercy of war, the Sunday Times reports
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News
Consumer groups face sales hit as cash-strapped shoppers trade down
Customers switch from branded goods to own-brand labels in response to cost of living crisis, the Financial Times reports
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News
High UK inflation hits sales, confidence and activity
Volume of goods bought falls for second consecutive month, as economists warn of economic recession later this year, the Financial Times reports