All MCA Insight articles in July 2023 – Page 8
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News
Britain loses one in 18 licensed venues
Some 5,736 pubs, hotels, restaurants, bars and cafes have closed over the last 12 months, new research from CGA by NIQ and AlizPartners reveals
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Interviews
Marston’s: ‘The strategy is paying off’
CEO Andrew Andrea speaks to MCA about rolling out a franchise-style model, simplifying the offer, and “doing fewer things better”
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Interviews
Revolution Bars Group: ‘The future is positive’
Group CEO Rob Pitcher speaks to MCA about maintaining faith in the bars business, growing its food hall concept, and expanding Peach Pubs when the time is right
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News
Boston Tea Party trades ahead of forecasts
The South West cafe group grew sales by 71% to £22.8m last year, driven by two new cafe openings
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News
Proposals to relax gaming machine rules
Under the government plans, the ban on cashless payment on pub gaming machines will be lifted, which is aimed at “future-proof” the offline gambling industry while protecting players
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News
Swingers secures new £40m funding round
Led by existing investor Cain International, the Series C funding will see the mini golf concept expand to at least 15 locations by 2026, including a flagship site in Las Vegas
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News
Las Iguanas MD appointed
The Big Table Group has appointed Lisa Gibbons to the position following a review of internal and external candidates
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News
Adam Breeden steps down from State of Play
The experiential leisure entrenepeneur, who co-founded Bounce, Puttshack and Flight Club, is focussing on other ventures including F1 Arcade
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News
M&B achieves 8.9% rise in like-for-likes
Against 2019, year-to-date like-for-like sales at M&B were up 10.0%, with growth driven by spend-per-head
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Opinion
Hospitality can learn lessons from Tour de France stars
The pressure might be different, but like the pro riders targeting the yellow jersey, operators are expected to offer uniform consistency day-after-day, MCA editor Finn Scott-Delany writes
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News
Admiral Taverns: ‘It’s been a strong six months’
Sales are up 10% year-on-year, with the Proper Pubs division outperforming the rest of the estate and providing more than 25% return on investment, CEO Chris Jowsey tells MCA
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News
Flat Iron fights for Covid BI payout
Flat Iron joins a series of restaurant businesses bringing legal proceedings against its insurer for pandemic-related losses.
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News
Just Eat reports return to growth in UK & Ireland
With the majority of orders coming from Northern Europe and the UK and Ireland, the two segments returning to growth is “a key milestone”, says CEO and founder Jitse Groen.
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Opinion
If people really want to help…
Hospitality still has plenty of positivity, resourcefulness and ingenuity – and politicians in particular need to see that rather than a sector that’s perpetually moaning, writes MCA contributing editor Peter Martin
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News
Late night demand continues to slide for Revolution Bars
Group like-for-like sales were down 8.7% vs pre-Covid, while Peach Pubs continues to trade strongly at 14% ahead of pre-pandemic
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News
Marston’s retains strong consumer demand
Marston’s has issued a trading update for the 42 weeks to 22 July 2023, with like-for-like sales for the period up 10.7% vs FY2022
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News
UKH: ‘Energy companies must be held to account’
UK Hospitality has responded to Ofgem’s non-domestic energy market review as energy continues to be a critical concern for hospitality businesses
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News
Blind Tiger Inns reaches 20
Blind Tiger Inns has trebled its turnover whilst doubling the size of its estate since 2017, MD Chris Tulloch tells MCA.
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News
Big Smoke Pub Co acquired out of administration
The transaction protects all five pubs in the estate, while a joint venture with Punch Pubs & Co has not been impacted
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News
Revitalised Restaurant Show returns
William Reed’s The Restaurant Show returns to Olympia London in October 2-4, with a mentoring session from top chef Ynyshir’s Gareth Ward