All MCA Insight articles in June 2021
View all stories from this issue.
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NewsPatisserie Valerie made £10m loss
Patisserie Valerie has made a £9.8m loss in the 14 months to March 2020, but the brand is now focusing on growing its routes to market and is reaping the rewards from its partnership with Sainsbury’s.
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NewsNeat Burger and Urban Pubs & Bars among new Bishopsgate operators
British Land has agreed lettings with Neat Burger, Urban Pubs & Bars, Black Sheep Coffee and Honi Poké at its 155 Bishopsgate development.
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NewsHeavenly Desserts to reach 40+ mark in 2021
Heavenly Desserts has lined up a further eight sites for openings for 2021, which will take its estate to 43 cafés, managing director Yousif Aslam has told MCA.
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NewsIreland to introduce vaccine passport system for indoor hospitality
The Irish government has announced it will be delaying the reopening of indoor hospitality and when it does reopen it will be limited to those who have been fully vaccinated or recovered from Covid-19.
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NewsTest & Trace notifications causing ‘chaos’ for hospitality
The number of pubs and restaurants forced to close due to staff being told to self-isolate by the NHS Test & Trace app has been described as “complete chaos”.
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Analysis & InsightThe race to carbon zero
Images of stranded starving polar bears, melting ice caps and uncontainable wildfires may seem a far cry from the reality of day-to-day hospitality operations in the UK. Yet more and more leaders from within the sector and beyond are becoming alive to what is widely recognised as a global climate change emergency.
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NewsConsultation launched on business rates
The government has launched a business rates revaluations consultation in a bid to make the system in England fairer and more streamlined.
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Analysis & InsightHow hungry is the UK for Wendy’s square burgers?
As part of the return of US burger chain Wendy’s to our shores comes the reappearance of the brand’s iconic square burgers. According to company folklore, Wendy’s founder Dave Thomas would emphasise the importance of not cutting corners – and some see that ethos reflected in the shape of its patties.
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NewsAlasdair Murdoch and Heydon Mizon on MCA’s The Conversation
Burger King UK’s chief executive Alasdair Murdoch and McMullen & Son’s joint MD Heydon Mizon join MCA’s The Conversation today (5 July).
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NewsProvincial Hotels & Inns appoints administrators
Provincial Hotels & Inns has appointed Mazars LLP as administrators of the business which owns and operates four pubs and a hotel/brasserie in North Lancashire.
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OpinionPeter Martin: Hoping for a return to healthy pragmatism
Will the arrival of a brand new health secretary herald a more pragmatic approach to health policy in England – and not just in tackling Covid?
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NewsTasty negotiates favourable lease terms for majority of restaurants
Tasty has agreed consensual lease concessions and rent reductions on more than 80% of its estate and is continuing to negotiate with landlords and other creditor on any outstanding debts, it has said.
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NewsBrewDog co-founder in spotlight over potential conflicts of interest
BrewDog co-founder James Watt is having to sell off personal property assets linked to the brewer and pub operator in advance of a planned flotation due to concerns about potential conflicts of interest, it has been reported.
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NewsBob Bob Ricard secures funding to reopen
Renowned London restaurant Bob Bob Ricard has secured a working capital funding package from alternative lender ThinCats in order to support the reopening of its two venues.
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News
Punch carries out £600m debt refinancing
Punch Pubs has completed a £600m debt refinancing process in order to strength its position coming out of the pandemic.
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News19 July is ‘end of the line’ for lockdown restrictions
Sajid Javid, secretary of state for health and social care, has said that 19 July is the “end of the line” for lockdown restrictions.
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NewsLeon reveals plans for first drive thru following EG Group deal
Leon has unveiled plans for its first drive thru with many more in its pipeline of openings for this year.
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NewsGreggs experiencing stronger sales recovery than expected
Greggs has seen like-for-like sales growth of between one and three percent in its company-managed shops against the same period in 2019, since restrictions were eased earlier this year.
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NewsMcMullen & Sons sees profits almost half
McMullen & Sons, the Hertford-based brewer and pub operator, saw turnover decline from £93m in 2019 to £64.4m for the 52 weeks to 27 September 2020.
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NewsTips Bill could see operators lose power over service charge
The proposed Tips Bill could see restaurants and pubs lose the power to deduct money received by staff in tips, should it be passed by parliament.