All MCA Insight articles in June 2021 – Page 4
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News
Bridgepoint set to take significant stake in Itsu
Bridgepoint is poised to take a significant stake in Itsu, in a deal which would value the business at £100m, Sky News has reported.
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News
Loungers has opportunity to sign bigger, premium sites
The expectation of record vacancy rates this year presents Loungers with the opportunity to acquire larger, premium sites, while staying true to its tight financial criteria, according to analyst Liberum.
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News
Tampopo taken to court over unpaid rent
Tampopo founder David Fox has revealed he has been taken to court by a landlord, despite the enforcement moratorium, and ongoing negotiations over the arrears.
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News
Joe & the Juice begins regional rollout
Joe & the Juice is launching its first UK site outside of London in Brighton, as it presses ahead with its expansion plans.
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News
Hospitality collective threatens legal action
A 45-strong group of hospitality, tourism and event companies is threatening to take legal action against the government if its newly proposed date for restriction-free operating faces further delays.
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Opinion
Peter Martin: No time to be isolationist
Our government is fond of claiming world-beating and Europe-leading status for a whole raft of supposed achievements. But it rarely feels the need to back up those assertions with any compelling or detailed data, vaccine roll-out apart.
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News
UKH action plan to tackle staff shortages
UKHospitality has unveiled a new 12-point plan to tackle the staffing crisis facing the industry.
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News
BrewDog CEO: Toxic culture letter ‘100% my fault’
BrewDog CEO James Watt has acknowledged responsibility for “neglecting important people elements” at the craft beer business, while going into further details of an independent review into company culture.
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News
Whitbread adds to Beefeater pipeline
Whitbread is opening two new Beefeater restaurants, in Saffron Walden and Hamilton, Glasgow, at new-build Premier Inn properties.
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Analysis & Insight
Inflation pushes food prices
Food basket prices increased by 5.3% in April as pressure from inflation kicked in after months of stagnant activity, according to the latest CGA Prestige Foodservice Price Index.
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News
Whitbread reports high demand in tourist areas
Whitbread has reported food and beverage sales were down 86.0% in Q1 FY22, reflecting the government’s lockdown restrictions that were in place for most of the period.
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News
Loungers sales up 26.6%
Loungers has reported like-for-like sales over the four-week period from 17 May to 13 June 2021 were up 26.6%, compared to the same period in 2019.
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Analysis & Insight
The paradox of returning to hospitality
Eating out participation - the proportion of consumers eating a meal out - is on the rise, reaching 48% in the four weeks ending 16 May 2021 according to Lumina Intelligence Eating & Drinking Out Panel, from a low of 33% in January.
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News
Livelyhood Pubs accelerates growth with two new sites
Pub operator Livelyhood has lined up two new openings as part of its plans to expand the group within its south London heartland and further afield, operations director Tom Talbot has told MCA.
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News
Perspex screens ‘may increase transmission’
Ministers have reportedly been advised that Perspex screens should be scrapped in pubs and restaurants over fears they may increase Covid transmission.
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News
Default right to work from home under consideration
Office workers could be given a “default” right to work from home under post-pandemic plans being considered by ministers, the Daily Mail reports.
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News
Rent debt protections confirmed
Measures to protect commercial tenants from evictions and debt enforcement action have been extended until 25 March next year, the Treasury has confirmed.
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Analysis & Insight
Price and visibility barriers to low and no alcohol drinks
Perceived poor value and lack of visibility are two of the main barriers to greater sales of low and no products, according to new research from Lumina Intelligence.
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News
Barkby Group adds to pub portfolio
The Barkby Group’s hospitality arm has entered in a new six-year lease agreement for The Ebrington Arms in Gloucestershire.
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News
Electra names new parent company for hospitality brands
Electra Private Equity has announced that Hostmore plc is the name of the new parent company for its hospitality brands TGI Fridays and 63rd+1st.