All MCA Insight articles in June 2022 – Page 6
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Analysis & Insight
Consumers reducing spend on eating out
More than half of consumers polled said they had eaten out less than usual (64%) or not got a takeaway (58%), in the previous week, according to a survey commissioned by the BBC.
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News
Interest rates set to reach 3%
The Bank of England’s interest rate could reach as high as 3% by the end of the year, as measures are ramped up to fight inflation.
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News
Punch shows interest in Amber Taverns acquisition
Punch Pubs & Co is exploring a potential takeover of Blackpool-based pub company Amber Taverns, alongside interest from several other pub companies, Sky News has reported.
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News
Paddy & Scott’s shakes up senior team
Managing director Jon Reed is being promoted to chief executive of the coffee company, while founder Scott Russell focuses on community projects
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News
Itsu planning 50 franchise sites in France
The Asian-inspired brand has signed a master franchise agreement with French restaurant empire Groupe Bertrand and appointed Nick Schapira as its director of international
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Analysis & Insight
‘Operators need to emphasise value for money credentials’
An increasing number of consumers are aligning themselves to price-led values, according to Lumina Intelligence
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News
Giggling Squid names new exec team
The BGF-backed Thai restaurant group has shuffled its senior team, with several internal promotions, as it continues to expand across the UK
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News
Openings of the week
Black Sheep Coffee, The Hush Collection and Brewers Fayre, feature in MCA’s roundup of the latest openings news this week
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Analysis & Insight
Managed trading stands still in May
The Coffer CGA Business Tracker reports restaurant, pub and bar groups were trading just 0.1% ahead of 2019 - though with high inflation, sales are significantly behind in real terms
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News
Pret to launch in UAE
A new agreement with franchise partner Emirates Leisure Retail is part of Pret’s aim to double the size of its business within five years
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Analysis & Insight
Scramble for talent hampers recovery
The hospitality and leisure sector’s post-pandemic revival could be severely hindered by the cost-of-living crisis and a widespread lack of staff, a new report from Barclays Corporate Banking warns
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News
Giggling Squid COO departs
Rory Marthinusen stepped down as chief operating officer at the Thai restaurant chain earlier this month, MCA understands, following four years in the role
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News
McMullens turns a profit despite challenges
In the current financial year, the family brewer has opened new pubs in Whitehall, Cambridge, Milton Keynes and is currently developing a new site in St Albans.
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News
GDK signs up top franchisee
Atul Pathak OBE, who previously operated 43 McDonald’s franchises, plans to open open 30 sites under the German Doner Kebab brand
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News
Crown Estate warns of volatility in London footfall
The landlord said footfall in central London has remained about 38% below pre-pandemic levels during the financial year ending March 2022
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Interviews
Comptoir: ‘We have built stronger foundations for growth’
The Lebanese restaurant group is looking to add a further five sites to its estate before the end of next year, chief executive Chaker Hanna told MCA
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News
BrewDog unveils bio-energy plant
The £12m plant will power the production of over 176 million pints per year and result in 7,500 fewer tonnes of carbon emissions
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News
Nando’s pulls ahead of rivals
The grilled chicken brand is expected to grow its outlet numbers by 4% in 2022 to reach 465, according to Lumina Intelligence’s UK Eating Out Market Report 2022
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News
Capco and Shaftesbury agree to merge
The combined portfolio, located in some of the most “iconic” areas of London’s West End, will be valued at around £5bn, with just over a third of this in hospitlaity and leisure
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News
McDonald’s joins Zero Carbon Forum
The news follows the October 2021 launch of the Plan for Change, which announced the company’s aims to achieve net zero emissions by 2040