All MCA Insight articles in July 2023 – Page 13
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News
Berry swaps Wolseley for Azumi
The Wolseley Hospitality Group director of marketing Hannah Berry is leaving the business to join Azumi – the group behind Zuma and Roka
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Interviews
Hop Vietnamese pushes ahead with expansion
The Vietnamese QSR concept will likely reach the 10-site mark next year, and is in talks with franchise partners for travel hubs, founder Paul Hopper tells MCA
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News
Seaside business should gear up for a bumper summer
Loungers is anticipating a record year at its seaside venues, with coastal restaurants performing 25% better than average
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News
Wetherspoon reports ‘continued improvement in sales’
The pub operator expects profits for the current financial year to be in line with market expectations, and an “improved outcome” for FY24
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News
Big Table reports improved sales and profits
The Las Iguanas and Banana Tree operator posted EBITDA of £12.9m for FY22, showing it as a “resilient, efficient” business
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News
Young’s acquires three Marston’s pubs
The Libertine in Bournemouth, White Hart in North Chippenham and White Lion in Tenterden are from Marston’s premium Revere division
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News
Loungers to accelerate to 34 new openings a year
The all-day cafe-bar operator has identified potential for at least 600 Lounges across the UK, as it reports record revenues of £283.5m
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Interviews
North Brewing Co looks to double estate
The Leeds-based operator and brewer will ensure its offering remains premium as it expands its Taproom concept across the country, director John Gyngell tells MCA
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News
Food and fashion collabs offer untapped potential
Off the back of clothing ranges from Five Guys, Shake Shack, Wingstop and Greggs, MCA explores how restaurant and fashion tie-ups could be a smart lever to pull for businesses looking to boost brand visibility
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News
Pub People boosts freehold estate
The Downing-backed, Mark Crowther-chaired operator acquired six freeholds from Stonegate in June 2023
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News
Maven Leisure ventures North
The 3,600 sq ft, 176-cover sports bar & kitchen will open in Angel Central’s first floor
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News
Jeremy King reveals new project
The Park will be a 21st Century-style grand cafe & brasserie, and will open in the £500m Fenton Whelan Park Modern building, overlooking Hyde Park
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News
Bar and pub spend fuelled by warm weather
Spending at pubs, bars and clubs increased 8.4% in June - its biggest boost since January this year, according to Barclays
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Interviews
Caravan: ‘We’ve always wanted to go outside London’
CEO Laura Harper-Hinton speaks to MCA about venuring outside the capital, international potential, and maintaining growth
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News
M&B ‘can act like a private equity co’
Mitchells & Butlers chairman Bob Ivell told MCA’s Pub Conference that the 57% ownership by Odyzean enables the managed pub and restaurant company to act with a more long-term approach than its public-listed peers
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News
Oak Taverns completes £2.5m refinance
The loan from Cynergy Bank puts the Oxfordshire-based operator in a “great position to grow”
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News
Sector remains short-staffed going into summer
Vacancies in hospitality remain 48% higher than pre-Covid, with many businesses reducing trading hours during the peak holiday season
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News
McMullen’s surpasses £100m turnover
The brewer and pub operator reported results for the year to October 2022, achieving over £100m in turnover for the first time in history - although cost inflation eroded margins
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News
Ivy staff anger after restaurant chain cuts their share of service charge
The Guardian explores claims that staff at The Ivy Collection restaurant group are losing out after the company cut their share of the service charge paid by diners
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News
Stuart Broad pub group targeting growth after devastating pub fire
This is Money speaks to England Cricketer Stuart Broad about his ambitions to scale up his two strong pub group to a total of ten in the next ten years…