All MCA Insight articles in July 2023 – Page 14
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News
Empire Cinemas collapses into administration
Six cinemas in the chain have closed, with a further eight under threat, BBC News reports
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News
Drivers must pay price for lower food bills, says Sainsbury’s boss
Supermarket responds to criticism that it is using motorists as ‘cash cows’, The Telegraph reports
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Interviews
Joe & the Juice sees ‘no signs of slowdown’ in the UK
CEO Thomas Nørøxe speaks to MCA about reporting £195m in sales, further expansion in Greater London, and focusing on the coffee offer
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Analysis & Insight
Eating out market remains stagnant
Eating out frequency and penetration remains stagnant year-on-year, with restaurants, pubs, and bars falling back while food-to-go rises due to consumers returning to offices
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News
Neds Noodle Bar: ‘We’d love to do a trade deal’
Co-managing director James Breslaw tells MCA the business is looking for a trade deal opportunity as the brand expands through franchising
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News
Boom Battle Bars goes international
XP Factory is to open its first overseas Boom Battle Bar in Jumeirah Beach, Dubai, this month, following a ‘transformational year’ of trading
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News
RMT announces strikes on London Underground this month
The RMT has announced a fresh set of strikes on the London Underground from 23-28 July
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News
Moto Hospitality surpasses £1bn turnover
The 69-strong operator reported a ‘robust’ post-pandemic recovery in 2022, with turnover rising by 34% on the prior year
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News
Hargreaves Lansdown: JDW widening appeal should provide resilience
JDW’s widening demographic should provide resilience as its value perception helps it through headwinds, according to analysts
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Interviews
Alan Yau: ‘Restaurants are too capital intensive’
The Wagamama founder tells MCA about his next venture, a plant-based ramen food product created for retail that builds on the success of the casual dining concept he founded in 1992
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Bao, Heartwood Inns, The Avocado Show and more
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Interviews
Hickory’s: ‘There’s scope to take this much further’
MD John Welsh speaks to MCA about the Greene King acquisition, maintaining slow and steady expansion, and becoming a “truly national” brand
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Analysis & Insight
M&A: ‘The best businesses always sell’
Dealmaking activity in the pub sector is expected to pick up in the latter part of 2023, as inflation belatedly begins to come under control, Peter Hansen, partner at Sapient Corporate Finance predicts
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News
Five Guys partners with Uber Eats
The American burger chain is now available to order in 12 cities on the delivery platform as it celebrates 10 years in the UK
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News
Various Eateries brings on new FD
Connie Salmon has been appointed finance director by the Coppa Club, Tivoli, and Noci operator
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News
Ivy Collection appoints marketing director
Jasper Cheung, formerly of Mandarin Oriental Hotel Group, has been appointed marketing director
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News
WatchHouse makes regional debut
The specialty coffee chain has launched in Bath while appointing Julie Centracchio, formerly of Boston Tea Party and Peach Pubs, as financial director
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News
Young’s continues strong summer trading
The pub operator has released a statement ahead of its AGM today, with revenue in the first 13 weeks of 2023 up 6.8% on a like-for-like basis vs 2022
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News
D&D shutters Canary Wharf site
The London-based premium restaurant group has closed its French-style restaurant, Plateau - its sixth closure this year
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Interviews
Wingstop: ‘We see opportunity for 250-300 restaurants’
Master franchisee Lemon Pepper Holdings’ co-founders speak to MCA about a 45% rise in like-for-like sales, driving growth across channels, and disrupting a “stagnant” restaurant scene