All MCA Insight articles in June 2023 – Page 3
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Opinion
EDI policies essential to stay competitive
Research finds those businesses that adapt are more likely to be successful and profitable, according to Nathan Nalla, founder of inclusive culture organisation Be the Riot
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Interviews
Sarah Willingham: It’s ok to be under-estimated
Hot on the heels of Nightcap’s most recent acquisition, founder and CEO Sarah Willingham spoke on how she views the current challenges facing hospitality and the most profound moment she has experienced in the industry as “a woman in a man’s world”
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Analysis & Insight
Higher prices must be justified, says Lynx Purchasing
While higher food prices are here to stay, adding value to menus through quality ingredients can justify and encourage consumer spend
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News
Various Eateries sees ‘marginal’ like-for-like rise
The Coppa Club operator reported a 16% increase in group revenue for the 26 weeks to 2 April 2023, to £20.6m, with like-for-like sales “marginally up” versus the prior year.
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News
In pictures: MCA’s Pub Conference 2023
JD Wetherspoon’s chairman Tim Martin, Nightcap CEO Sarah Willingham and Oakman Group CEO Peter Borg-Neal were among those who took to the stage at the Pub Conference last week
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Analysis & Insight
Increased prices drive spending increases
Total spend across the sector rose by 3%, despute the number of eating and drinking out trips falling by 3%, research from Cardlytics reveals
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Analysis & Insight
Central London on road to recovery
Central London, which lost 15.6% of its licensed premises between March 2020 and 2023, saw a net decline of only 1% in Q1 2023, according to CGA and AlixPartners
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Analysis & Insight
Competitive socialising continues to rise
The number of transactions at competitive socialising venues are up 9% in March 2023 vs October 2022, with sales up 5%, according to CACI
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Opinion
Dominic Walsh: Business buzzwords of the year
Headwinds and WFP (working from pub) may have made in into The Times’ list of plain nonsense business speak last year, but what could 2023 bring? Dominic Walsh puts forward his own contender
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News
MrBeast ‘moving on’ from burger brand
The Youtube star, who has around 56 MrBeast Burger virtual restaurant locations in the UK, said the venture had been “terrible” for his wider brand
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News
The Alchemist: Experiential can’t become a throwaway phrase
Speaking after the brand’s launch in Berlin, CEO Simon Potts says it’s critical to nurture a truly experiential business
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News
SK Group plans 30 Domino's in 2023
The Domino’s franchise business, owned by Surinder Kandola, has opened three stores in the last week and 15 this calender year
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News
Dirty Bones sold in pre-pack deal
Hampered by high interest loans and debts to HMRC, founder Jamie ‘Cokey’ Sulkin has acquired three out of six sites under a new vehicle
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Interviews
Revolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
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News
San Carlo ‘delighted’ with recovery
The premium Italian restaurant operator boosted turnover by 137% to £68.9m in 2022
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News
Shake Shack UK operator sees losses widen
Diverse Dining, which operates the Shake Shack brand in the UK, saw sales up from £34.8m to £44.2m, but reported a loss of £4.6m for the year to 31 December 2022.
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Analysis & Insight
Supply chain fragility continues to hit hospitality
The cost of goods sold reached 27.3% in February 2023 – an increase of more than five percentage points in less than two years, according to new data from Fourth.
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News
Sticks’n’Sushi announces two more
The Danish-founded Japanese-inspired brand is opening in Kingston-upon-Thames in October, followed by Richmond in early 2024
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Interviews
Subway: ‘We see a fantastic opportunity for growth’
UK & Ireland managing director Nigel Doughty speaks to MCA about enhancing the digital experience, strategic physical expansion and evolving the food offer
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Interviews
Brakspear: ‘It’s tough, but we want to grow the business’
The pub company and brewer remains on the lookout for acquisition opportunities for its tenanted and managed estates, despite challenging bottom-line economics, CEO Tom Davies tells MCA.