All MCA Insight articles in June 2014 – Page 12
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NewsWhitbread Q1 lfls grow 6.9%
Whitbread, the leisure group, has reported a 6.9% rise in like-for-like sales in the 13 weeks to 29 May, led by Premier Inn (+9.5%) and Hotels and Restaurants (+7.6%), while Costa and the Restaurants divisions were up by 4.5% and 4.4% respectively
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NewsStarbucks offers to part-fund online degree course
Starbucks has announced it is rolling out a programme that would allow its workers to earn an online college degree at Arizona State University at a discounted rate
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News
River Cottage launches fundraising
River Cottage Canteen has issuing a £1m mini-bond through crowd-funding website Crowdcube as it looks to expand to large footfall sites in prime locations
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News
Commercial sector boosts Majestic
An increase in sales direct to pubs, bars and other commercial businesses helped Majestic Wines grow total sales 1.4% to £278m in the year to 31 March 2014
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Analysis & InsightLoch Fyne tops customer satisfaction poll
Loch Fyne, the Greene King-owned brand, is delivering the highest levels of customer satisfaction in the UK’s eating out sector, according to the latest findings from CGA Peach’s BrandTrack
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NewsWahaca confirms Cardiff move
Wahaca, the Mexican street food restaurant concept led by Thomasina Miers and Mark Selby, has confirmed that it will make its regional debut in Cardiff this autumn
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Analysis & Insight
One in three will watch World Cup in pubs
One in three people will be watching the football World Cup in pubs and bars, prompting a 35% beer sales rise
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NewsM&B's Orchid acquisition 'a good deal' but has 'execution risk'
Mitchells & Butlers’ (M&B) acquisition of 173 Orchid sites is a “good deal”, although it could disrupt M&B’s cultural reengineering programme and will increase the size of its bottom end by c23%, according to leading analyst Geof Collyer
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OpinionGetting to grips with inequality
In a land where McDonald’s health insurance can cost its workers half of their monthly salary, while its chief executive successfully convinces shareholders that he’s worth $25.1m, what are the chances of minimum-wage reform?
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NewsM&B completes £266m Orchid acquisition
Mitchells & Butlers (M&B) has announced that it has acquired the majority of Orchid’s estate, consiting of 173 sites, in addition to Orchid’s head office, for £266m
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News
Kintan secures first UK site
Tomoyoshi Nishiyama, the founder of the c1,220-strong Gyukaku Group, has secured a first UK site for his Japanese barbeque concept Kintan
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News
Enrique Tomas to make UK debut
Enrique Tomas, the Spanish suppliers of high-quality Iberian ham, will open its first UK deli in the heart of London’s Soho this September
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NewsMetcalfe and Wolsey become OBEs
Julian Metcalfe, the co-founder of sandwich chain Pret A Manger, and Bill Wolsey, managing director of Northern Ireland-based hospitality firm Beannchor, have become OBEs in the Queen’s Birthday Honours
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NewsRossopomodoro eyes more John Lewis opportunties
Rossopomodoro, the Italian restaurant chain backed by Change Capital, would consider other openings within John Lewis stores in the future and hopes to use the debut of sister brand Ham Holy Burger at the retailer’s Oxford Street shop to open more UK outlets under that concept, M&C Report has learnt
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NewsEvolved Philpotts to launch in Birmingham
Philpotts, the artisan sandwich chain owned by Patisserie Holdings, is to open an evolved, less formal version of the concept in Birmingham called Café Philpotts
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NewsEnterprise Inns 'requires cultural change'
Enterprise Inns needs to undergo “cultural change” in the way it treats its tenants, the company’s commercial director Ed Cottrell told the Tenanted Pub Company summit
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NewsLoungers' Cosy Club could exceed 70 sites
Loungers, the Piper-backed cafe bar operator, sees scope to grow to at least 70 Cosy Club sites alongside a minimum of 350 for its primary growth concept Lounge, managing director Alex Reilley has told M&C Report
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News
Analyst predicts rise of 'new regionals' in pub sector
The number of pubs owned by microbreweries could grow from 1% of the market to 10% over the next decade, with financial buyers also busy in the sector according to Nigel Parson leading independent analyst from Dryburgh Research
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News
Pure looks to ten sites
Pure, the London-based healthy food on the go concept, is looking for sites in London to open four new sites in the next 18 months to bring its estate to ten
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NewsM&C20 slides amid interest rate fears
There was a downturn across the M&C20 this week with more than half the companies in the leisure index slipping a few points, possibly in reaction to Mark Carney’s announcement that household interest rates could rise sooner than markets were anticipating