All MCA Insight articles in June 2019 – Page 8
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News
Ground Espresso Bars to open up to 50 sites with Next
Ground Espresso Bars has agreed a deal with Next, which will see it open eight units within its retail stores, including coffee shops in England and Scotland for the first time.
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News
Strong performance in pubs and inns boosts overall sales at Thwaites
Thwaites saw turnover in its pubs and inns business increase by more than 8%, from £48.6m, to £52.7m, for the full year to 31 March 2019. EBITDA rose from £16.5m to £17.9m and operating profit was up by £1.6m to £14.3m.
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News
Investment will not be start of mass roll-out for Tonkotsu
“The days of saying we’ve got 10 sites and now we’re going to do 50 are gone,” Stephen Evans, managing director of Tonkotsu told MCA, explaining that its £5m investment from YFM Equity Partners, would not be the start of a mass roll-out plan for the business.
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Analysis & Insight
Four-day weeks: Is four the magic number?
With the political debate around a four-day week intensifying and an increasing number of employers adopting it, Jo Bruce talks to hospitality operators who have reduced their team members’ working hours on their experiences of a shorter working week.
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News
Loungers updates on pipeline, hits 150 milestone
Loungers has updated on its opening programme with the launch of its 150th site - Fosso Lounge in Wells, Somerset - which brings it to 125 Lounges and 25 Cosy Clubs.
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Analysis & Insight
We need to talk about lunch…
Is the lunch occasion losing some of its specialness? With the average number of lunches eaten out on the decline, MCA’s market insight director Steve Gotham delves into some of the data to see what trends could be impacting the numbers.
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News
Pitt Cue closes its doors for final time
Pitt Cue, the London barbecue restaurant started eight years ago by Tom Adams and Jamie Berger, has closed its doors for the last time.
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News
Cosy Club and Zizzi among operators to open at Drake Circus
A number of restaurants, bars and leisure brands will be opening at a new leisure and entertainment development in Plymouth city centre, called Drake Circus Leisure.
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News
Hickory’s secures Harvester site in Wilmslow
Hickory’s has secured a further site in Cheshire – the Harvester restaurant on Altrincham Road in Wilmslow.
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News
Moor Hall named best restaurant at National Restaurant Awards
Moor Hall in Lancashire has been named National Restaurant of the Year at the Estrella Damn National Restaurant Awards 2019.
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News
Carluccio's appoints new head of food ops
Carluccio’s has named Matt Dale its new head of food operations.
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News
Adventure Bar confirms location of ninth site
Adventure Bar has confirmed it has secured the Pillars of Hercules in Greek Street, Soho – one of the Be At One pubs that Stonegate acquired last summer – for its ninth opening, MCA has learnt.
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News
Thai Express lines up Southampton opening
Thai Express has lined up a new site for its eight opening in the UK, in Southampton, as the business looks to build a its franchise network, MCA has learnt.
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News
Amber Taverns updates on pipeline plans
Amber Taverns, the freehold-only operator, has made further progress on its drive to expand its community pub estate.
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News
Beds & Bars sees group EBITDA rise 29%
Beds & Bars has reported a 39% year-on-year increase in group EBITDA to £7.2m, for the full year ended March 2019.
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Analysis & Insight
A Southern state of mind
Piper-backed Hickory’s may be about to open only its 10th site in as many years, but the American barbecue concept is looking to fire up its rate of openings. Georgi Gyton finds out more about the business’ success and why it thrives in areas where no one else wants to be.
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Analysis & Insight
An enterprising move or PR exercise?
Plans announced last Friday by the Mayor of London to launch Night Time Enterprise Zones may be well meaning, but will they actually work? Andrew Don gauges the opinions of operators in the sector, featuring commentary from The Deltic Group, UKHospitality, Disco Bars Group and the Night Time Industries Association.
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Analysis & Insight
Pub and restaurant growth flat-lines on back of tough comparables
Managed pub and restaurant group trading flat-lined last month, on the back of tough comparables from the previous year, the latest figures from Coffer Peach Business Tracker show.
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News
Tonkotsu eyeing expansion after securing £5m investment
Tonkotsu is eyeing expansion after securing a £5m investment from YFM Equity Partners.
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News
Mayor of London to launch Night Time Enterprise Zone
The Mayor of London, Sadiq Khan, has announced plans to launch a Night Time Enterprise Zone and new music partnership in order to boost the capital’s economy at night.