All MCA Insight articles in July 2023 – Page 15
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News
High Court approves Prezzo restructuring plan
The Italian group is focused on supporting sustainable, long-term growth ambitions for its 97 restaurants, with an investment in new menus and talent
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News
Diageo invests €25m in no-alcohol Guinness
Guinness will triple production of its zero percent stout at St. James’s Gate in Dublin in response to a growing consumer demand for non-alcoholic drinks
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Analysis & Insight
Peel Hunt: Loungers’ strong sales will drive equity
Loungers, which is forecast to generate strong profit growth over the next two years, represents “excellent value”, according to analysts
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News
Knoops CEO steps down
Tori Nunn has left the premium hot chocolate brand after nearly four years growing the business
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News
Caravan to open flagship in Covent Garden
The all day dining and craft coffee concept is opening its largest site yet later this year, which will be its eighth in the capital
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News
Pret expands in Dubai
Pret a Manger is expanding its operations in the UAE city following an “incredible response”, with two new shops this week and a further three by the end of 2023
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News
Joe & the Juice sees ‘great potential’ in core markets
The coffee and juice plans to further boost profitability by doubling down on the UK, US and its native Denmark
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News
Black Sheep Brewery closes three pubs
North Yorkshire based-brewery Black Sheep has announced the immediate closure of three of its pubs, weeks after the company was bought out of administration by Breal Capital
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News
Restaurant closures hit decade high
Data from Price Bailey reveals that restaurant closures have reached the highest quarterly figure in a decade in the first quarter of the year
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News
WH Pubs: We’re trying to think outside the box
CEO Brian Whiting says WH Pubs, formerly Whiting & Hammond, is a “completely different operation” after rescuing three of its sites via a pre-pack administration during the pandemic
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News
Dry June set to overtake Dry January
Sales of no- and low-alcohol beer in pubs are up 23% on last year, while regular beer sales have fallen 6%
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News
Camerons Brewery sells tenanted pub division to FB Taverns
The Hartlepool-based brewery has disposed of its 27 tenanted pubs to support growth across its brewing operation and managed pubs
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Analysis & Insight
Oakman: £10 pint can’t come soon enough
With inflation a recurring topic at MCA’s Pub Conference, Oakman CEO Peter Borg-Neal said the sector and the public needed to be realistic about the cost of doing business
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Interviews
I am Döner aims for 50
The ‘better kebab’ concept is looking to reach an estate of 50 sites in two years, while making its London debut with a flagship city centre store, founder Paul Baron tells MCA
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News
Krispy Kreme revenues up but profits down
The doughnut chain reported revenue of £117m in 2022 and profit after tax of £4.1m, saying it has progressed well on its omnichannel strategy
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News
Inclusive pubs and bars more popular
Pubs and bars with a commitment to inclusivity and diversity are more likely to be visited by 60% of people, according to research commissioned by Stonegate and Heineken UK
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News
Pandemic dining preferences here to stay
Deloitte’s Future of Restaurants Survey suggests the rise of “ultimate convenience” and a move towards user-friendly digital experiences is here to stay
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Interviews
Selina ‘opportunistic’ about further expansion
The hostel, F&B and co-working concept is nurturing closer connections with local communities, while tapping into lifestyle trends for remote working, travel and wellness
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News
Pizza Pilgrims in strong position to grow
The restaurant group wants to “own the pizza agenda” by leading on menu innovation, marketing, and pizzeria fit-outs
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News
Brewhouse & Kitchen reviews sales options
The brewpub business is engaged in a strategic review to identify the “optimum way to create liquidity for investors”