All MCA Insight articles in June 2022 – Page 3
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NewsBoparan to open four Slim Chickens in one day
New restaurants will open in Leicester, Liverpool, Milton Keynes and Bishopsgate on 4 July, US Independence Day
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NewsLoungers appoints interim people director
Claire Clarke, previously group human resources director at The Big Table Group, has joined the cafe, bar and restaurant operator
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NewsIndustry struggling after two years of turbulence
Just 37% of hospitality businesses are currently profitable, due to the devastating impact of rising energy, goods and labour costs, a new survey has revealed
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NewsArndale reaches 95% occupancy with Creams signing
The dessert cafe brand now has more than 100 restaurants and outlets across the UK
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NewsBlack Sheep Coffee to make Liverpool debut
The speciality coffee chain will open in Liverpool One’s Paradise Place, with further openings planned for Glasgow, Leeds, Manchester and London
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NewsUK economy at risk of going into recession
Soaring inflation could tip the UK economy into a “mild recession” next year, according to KPMG, with GDP forecast to more than halve in 2022
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NewsRMT ‘won’t hesitate’ to take further action
Union boss Mick Lynch described the talks as having “a long way to go” with the progress to be reviewed this week
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NewsTofu is a cornucopia of taste. No really
Vegans aren’t the only ones who should get to savour this casket of wonders, writes The FT
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NewsBooming deer population puts venison at top of the menu
A reduction in the number of wild deer should result in cheaper venison in restaurants, reports The Times
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NewsPatisserie Valerie ex-chairman in line for payout
Luke Johnson set to benefit as Grant Thornton settles £200m court case over coffee chain’s collapse, reports The Telegraph
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NewsHard Rock Cafe is on a roll with plan for more hotels
Hard Rock may be best known for its cafés but its hotel business is growing fast, reports The Times
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Analysis & InsightMcDonald’s is still the brand leader in foodservice
The fast food brand achieved the highest share of eating/drinking out occasions in the UK, according to Lumina Intelligence, despite its share having fallen over the past year
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Analysis & InsightTrading in city centres bounces back
The latest Top Cities report from CGA and Wireless Social shows growth in restaurant, pub, and bar trading across the UK’s 10 biggest cities
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OpinionDominic Walsh: ‘Value for money does not preclude a bit of luxury’
Dominic Walsh discusses the successes of entrepreneur Sharan Pasricha, whose hotel empire has amassed 150 restaurants and bars under 14 brands
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Analysis & InsightDelivery sales continue to fall from peak
Sales were down 29% in May 2022, versus the previous year, but still significantly up on 2019, according to the NielsenIQ & Slerp Hospitality at Home Tracker.
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NewsTasty repays bank loan early
The Wildwood operator has done away with its £1.25m facility with Barclays, and believes it is in a strong position to open five to six new sites in 2022, with one currently under offer
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NewsLate night sector significantly impact by strikes
This weeks’ rail strikes have had a “devasting effect” with trade up to 40%, according to the Night Time Industries Association
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NewsRecord staff shortages causing hospitality to lose £21bn in trade
The staffing crisis is causing a £21bn loss in revenue and an estimated £5bn loss in tax for the Exchequer, according to a new survey
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NewsOpenings of the week
D&D London, JD Wetherspoon and Tim Hortons feature in MCA’s roundup of the latest openings news this week
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Analysis & InsightSpiralling crisis causing ‘summer of discontent’
GfK said the consumer mood is now worse than in the early stages of the pandemic, the result of the 2016 Brexit referendum, and the 2008 global financial crisis