All MCA Insight articles in June 2013 – Page 11
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NewsSpirit on track despite tough Q3
Spirit Pub Company has reported a 2.6% rise in like-for-like sales across its managed estate for the six weeks to 25 May
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Amber FY EBITDA rises one third
Amber Taverns, the fast-growing operator of wet-led community pubs, saw EBITDA increase by one third to £6.8m in the year to 3 February
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Turtle Bay takes Peach site
Turtle Bay, the Caribbean restaurant concept, has secured Peach Pub Company’s the Almanack unit in Leicester’s Highcross shopping centre.
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Subway eyes family market
Subway is investing heavily in staff engagement to ensure families have the optimum in-store experience every time they visit one of its sites
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Star sets ambitious targets for tenant income and churn
Star Pubs & Bars is targeting minimum tenant income of £30,000 a year within seven years
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Hundreds of Punch tenants back pubco in letters to BIS
Hundreds of Punch licensees have written to the Government in support of the pubco as part of the consultation into the statutory code, says Punch’s Andy Slee
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Pub companies urged to 'broaden' franchises
Andrew Emmerson, former business development director at Domino’s Pizza Group, says the move would attract “high net worth individuals”
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Stonegate spends £4m on Q2 refurbs
Stonegate, the managed pub operator, has spent more than £4m investing in 31 sites in the second trading quarter
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Pub package up for auction
Seven pubs are set to go under the hammer at an auction held by Allsop next mont
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BRGR secures second site
BRGR Co, the Lebanon-based burger concept, completes acquisition of its second site in the UK
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London Cocktail Club secures third site
The London Cocktail Club has secured its third site in the capital in Shoreditch
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'Vince effect' could see more pubs on market
Government plans to impose a statutory code on large tenanted pub companies could see more pubs put on the market, many marketed for alternative use, says Christie + Co’s Neil Morgan
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Union Jacks development put on hold
Jamie Oliver Restaurants is to put the development of its Union Jacks concept on hold indefinitely
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Atmosphere estate acquired by Chicago Group
The rump of the former Atmosphere Bars and Clubs estate has been acquired out of administration by the Chicago Group
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National cut VAT day to be launched
Campaigners aiming to reduce the level of VAT in the hospitality sector from 20% to 5% headed by Jacques Borel are planning to launch a national day of action
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Paul Walsh confirmed as new Compass chair
Paul Walsh, the outgoing chief executive of Diageo, has been confirmed as the new non executive chairman of global catering firm Compass
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M&B’s Roache joins Carlsberg
Carlsberg UK has appointed Andrew Roache, currently internal communications manager at M&B, as its new external communications manager
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Maxwell’s reports rise in FY sales
Maxwell’s Group, the London-based restaurant company, has reported a rise in full-year sales and profits
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Welsh whisky maker Penderyn to triple production
Penderyn Distillery, Wales’s only whisky producer, is to treble production of its malt whisky in an attempt to crack the export market
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Gov’t needs to support industry’s growth potential
The food industry should not be overlooked for potential economic growth, according to a new report