All MCA Insight articles in July 2023 – Page 2
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News
Bumpy ride for billionaire brothers who banked on Asda’s success
The Guardian follows Moshin and Zuber Issa’s journey with Asda as the pandemic grocery boom gave way to surging inflation, rising interest rates and a cost of living crisis.
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News
Pret bets work from home trend to stay
The food to go brand is doubling down on the strategic shift which has seen it expanding more into market towns, airports and motorway service stations
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Analysis & Insight
Plant-based diners increasingly value led
Psychographic data collected by Lumina Intelligence shows that plant-based consumers are putting an increased emphasis on value compared to last year
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News
Mercato Metropolitano reveals new venue
MMY Elephant Park, which has been designed to offer a quieter and more residential space for visitors than traditional food markets, officially open today
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News
SushiDog: We want to replicate the formula
The sushi roll brand’s strategic growth plan will see it expand its presence in central London, and replicate existing formats in shopping centres and densely populated office areas
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News
Breal Capital acquires Brew By Numbers
The pre-pack acquisition of the craft brewery and bar operator is the latest deal for the private equity firm, which has also snapped up Vinoteca, Black Sheep Brewery and Brick Brewery
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News
Subway reaches £7.6bn deal with Roark Capital
The agreement, which ends the founding families control of the sandwich giant, includes debt and is subject to financial performance milestones
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News
Tortilla appoints NED
Keith Down has held finance director positons at Wetherspoons, Go-Ahead, Dunelm and Selfridges
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News
Club Pret doubles discount ahead of international launch
The food-to-go brand is expanding its loyalty scheme subscriber discount from 10% to 20%
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News
Vinoteca acquired by Breal Capital
The wine bar group was bought in a pre-pack sale after struggling with Covid, train strikes, and a poorly performing site in Birmingham
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News
Waitrose launches £5 lunchtime meal deal
The food-to-go offer, which will include a main, side and drink for, is set to roll out in stores from 30 August
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News
Coffee#1 reports ‘excellent’ sales growth
The Nero-owned coffee shop business reported Q4 like-for-like sales up 117% versus pre-pandemic levels
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News
Gong Cha makes two senior appointments
The bubble tea brand has appointed a new chief people officer and global marketing director, as it looks to double its footprint in the UK.
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News
Costa appoints UK&I MD
Nick Orrin has been appointed to the role following a period as interim managing director
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News
BrewDog launches warm weather discount in bars
The BrewDog ‘Beerometer’ will use Met Office data to set the price of its Cold Beer lager in its bars, bringing down the price by 25p per celsius increase.
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News
Call for licensing change after world cup sales boost
Early indications from pub businesses across the country show trading increases of between 14% and 28% during Sunday’s World Cup Final
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News
Cost increases boost turnover at Pret franchise
Chesterford Group’s pre-tax profits fell in 2022 due to the costs of setting up the Pret franchise business subsidary, Joy Brands
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News
itsu stores break £100m sales milestone
Founder and CEO Julian Metcalfe said “20 mega new sites” are set to open by 2024, serving more hot food options, while the brand has signed a new deal with Costa franchisee Scoffs to open in Exeter
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News
Robot chef company broken up after collapse
Parts of London start-up Karakuri have been sold off to Henry Penny, a US foodservice equipment supplier to KFC and Wendy’s
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News
Inflation begins to ease
New modelling from the ONS, which strips out fluctuating products, suggests underlying price pressures are begining to fall