All MCA Insight articles in July 2023 – Page 6
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OpinionMr Beast’s burger bother
As the YouTube megastar sues the operator of his virtual brand for serving up poor quality burgers under his name, franchise law specialists Fieldfisher consider the pitfalls of licensing and joint venture agreements in the age of social media influencers
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News
Liberation Group appoints David Kelly as chair
Kelly will assist with the development of the group’s accommodation business, a key strategic objective for Liberation Group
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NewsHospitality particularly exposed to interest rate hike
The Bank of England have announced an increase in interest rates to 5.25%, the highest figure since April 2008.
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NewsJulian Metcalfe: I remember when interest rates were 14%
The Itsu founder told Bloomberg he had put prices up a “tiny bit, but not by much” as a result of rising costs and inflation
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InterviewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Grays and Feather, Yummy Pubs and Tonkotsu.
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NewsDirectors buy True North Brew Co out of administration
Founder and MD Kane Yeardly acquired the 12-strong pub operator, brewer and distiller, which is based in Sheffield
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NewsShaftesbury Capital: ‘Heart of West End remains attractive’
The landlord has reported “excellent momentum” across its portfolio, with high footfall and positive trading conditions despite the economic climate
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NewsPaul to convert to Le Cafe format
The French patisserie operator is rebranding its UK estate to the more coffee-focused café format over the next 12 months
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NewsFlight Club debuts in Scotland
The social darts concept from Red Engine is opening its 11th UK site on George St, with space for 325 guests
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NewsYum! Brands sees growth in KFC UK sales
KFC UK sales were up 10% year-on-year in the second quarter and up 7% in the year to date, while sales remained stagnant for Pizza Hut Europe
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NewsDhara Stead joins Pure as finance director
The former head of commercial finance at Prezzo has been appointed finance director at the London-based food to go chain
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NewsPM urged to protect pubs
Rishi Sunak was urged by CAMRA to keep pub-going affordable by expanding the difference between the lower and general rate of duty charged on pints
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NewsCreams Café signs national franchise deal with Tesco
Creams Café has signed a national franchise agreement with Tesco, which will see the dessert brand launching within Tesco Cafés as shop-in-shop spaces – a first for both brands
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NewsDomino’s 'relentlessly focussed on compelling value'
Domino’s still sees huge potential for growth in the UK with 25 more stores in the pipeline for 2024, and white space opportunities in Ireland on its radar
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NewsLatvian craft beer concept to launch in London
Two More Beers is opening on Upper Street in Islington with plans to roll out further sites in the UK
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NewsKenny Tutt shuts flagship restaurant
The MasterChef winner continues to operate burger concept Patty Guy, through Sessions’ Shelter Hall and a delivery-only licensing agreement
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NewsLiberation Group reports strong first half
The group’s H1 2023 trading update saw overall like-for-like (lfl) sales up 8.1% within its managed pub estate, with accommodation performing particularly well
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NewsHeineken UK revenues up, volumes down
Beavertown became the largest craft beer brand by value share of total beer, building scale and momentum in the on and off trade
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NewsDelivery and takeaway sales back in growth
Delivery and takeaway sales at Britain’s leading managed restaurant groups were 4% ahead of the same month in 2022
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NewsWorkshops Coffee acquired in MBO
Barkby Group has disposed of the speciality coffee business for a total consideration of £2.2m, led by CEO James Dickson