All MCA Insight articles in July 2023 – Page 10
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Incipio Group, Chipotle, Kibou, and more
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Opinion
Why are food prices in hospitality still surging?
David Read, founder and chairman of Prestige Purchasing, explores why food prices are still rising at the kitchen door, whilst inflation in supermarkets is falling
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Interviews
Big Table Group: ‘We’re the best capitalised restaurant group in the UK’
CEO Alan Morgan tells MCA about plans to invest in new sites, roll out Super Nonna and explore conversions for Banana Tree
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Analysis & Insight
McDonald’s ‘can’t hide behind excuse it’s a franchise business’
Following explosive allegations of sexual assault, harassment, racism and bullying at McDonald’s, MCA explores the reputational damage to the brand, potential legal liability, and how it can move forward under its complex franchise-operated business model
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Analysis & Insight
No-shows cost £89 a diner
Last minute cancellations and no-shows are the biggest issuess facing the industry is facing according to 23% of restaurant operators, research from Barclaycard Payments finds
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Analysis & Insight
Branded restaurant forecast to recover to 98% of 2019 value
The UK eating out market is forecast to see turnover of £95.2bn in 2023, driven by continued inflation, according to Lumina Intelligence
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News
Tattu rebrands as Permanently Unique
The independent restaurant group has rebranded as part of plans to launch a new concept and grow the brand internationally
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News
Hawksmoor announces £15 deal on strike days
The steak restaurant group will offer £15 steak and frites to encourage customers to visit venues during the upcoming rail and tube strikes
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News
Fuller’s sees strong start to summer
Fuller’s has provided a trading update ahead of its AGM today, with like-for-like sales rising by 15.1% in the 15 weeks to 15 July 2023
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Interviews
Turtle Bay awaits stronger investment climate
The Carribean-inspired bar and kitchen, backed by Piper since 2013, will only consider investment options which represent the best value for the business, CEO Nick Crossley tells MCA
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Analysis & Insight
Pressures to grow shareholder returns remains for TRG
The pressure to make large disposals also remains, with shareholder Irenic saying improved trading ’highlights the gap between the company’s intrinsic value and its significantly lower share price’
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Analysis & Insight
Wimbledon boosts restaurant sales in SW19
The local area saw an 18.7% rise in spend on restaurants between 3-16 July compared to the previous fortnight, according to new data from Barclays
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News
Chipotle signs first franchise agreement
Chipotle has signed its first ever franchise agreement with Kuwait-based Alshaya Group to open locations in the Middle East
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News
Chatime secures funding boost
The bubble tea concept, which has 30 stores in the UK and 2,500 around the world, will allocate the funding to launch a food offer
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News
McDonald’s says it has 'fallen short'
The chain has “deeply apologised” following a BBC investigation that revealed over 100 allegations from workers relating to sexual assault, harassment, racism, and homophobia
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News
Inflation falls faster than expected
Annual inflation for restaurants and hotels was 9.5% in June, down from May’s 10.3%, while the rate food and non-alcoholic beverages dropped to 17.4%
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News
TRG reports strong trading in year to date
The Restaurant Group has said it is reviewing its strategic options while accelerating the expansion of Wagamama, and reported progress on the rationalisation plan for its leisure estate
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Interviews
Hickory’s: ‘We made a lot of mistakes along the way’
Following last year’s acquisition by Greene King, MCA visits Hickory’s MD John Welsh in Huddersfield to hear about the potential for the smokehouse concept to become a truly national brand - and the authority on American BBQ in the UK
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Interviews
Passing the Baton: the man charged with The Wolseley Hospitality Group’s growth
Charged with leading its growth and evolution, Baton Berisha is looking to bring a contemporary flavour to the group’s more classical approach
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Analysis & Insight
Menu prices rise while business confidence drops
Cost pressures have resulted in menu prices rising by an average of 13% in the past 12 months, with just half of operators optimistic about business prospects, according to CGA and Fourth