All MCA Insight articles in June 2023 – Page 4
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News
St Austell’s top line ‘in good health’
The group achieved a 34% increase in revenue in 2022, versus 2021, however the bottom line remained a challenge, chief executive Kevin Georgel says
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Opinion
Peter Martin: Let’s talk more about carbon
There is a real need to move fast on the issue of carbon reduction – particularly if you want to hang onto your people, MCA’s contributing editor Peter Martin believes
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Analysis & Insight
Under-25s spending more on eating and drinking out
Young people are spending 28% more in pubs and bars and 26% on eating out, than in 2022, according to Barclays’ new Evolving the Experience report
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News
Rekom UK: ‘Our 200-site target might take longer to reach than planned’
The late-night operator is doubling-down on its cluster strategy, which will entail the closure of several single sites in some of the UK’s smaller towns and cities, chairman Peter Marks reveals
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News
Caring picks up the bill
Red faces at Richard Caring’s Ivy group last week, when the taxman came knocking for an unpaid bill, The Sunday Times reports
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Opinion
The great vegan rollout has been halted in its salty, sugary, ultra-processed tracks
Of the many products in the supermarket that make me swerve away instinctively, none occasions me to do so with as much rapidity as those that advertise themselves as “plant-based”, writes Rod Liddle for The Sunday Times
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News
Why Britain is turning its back on booze
Despite Glastonbury-goers indulging this weekend, figures show the UK may finally be sobering up, The Telegraph reports
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News
Activist investors launch fresh attack on Wagamama owner
The salvo comes as The Restaurant Group’s finance chief steps down and its share price plunges by 20%, The Telegraph reports
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Opinion
Shelley Sandzer: Calling time for growth
Ted Schama, joint managing partner at Shelley Sandzer, says fitted units and fair rent without premiums are offering attractive opportunties for good operators to expand
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News
Heavenly Desserts and Itsu in brand collaboration
The business has secured the exclusive rights within the dessert cafe sector to feature Itsu’s recently launched bao buns on the menus of its 48-strong store estate, MD Yousif Aslam tells MCA.
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Analysis & Insight
Delivery sales stabilise after post-pandemic decline
After an 18-month slide, the balance of eat-in and at-home sales may now be “settling into a new normal”, according to CGA by NIQ’s at Home Tracker
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News
New rail strikes ‘hammer blow’ to sector
The RMT union has announced 14 rail companies will go on strike on 20, 22 and 29 July
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Arcade Food Hall, Fish Game, The Table, and more
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News
Sarah Willingham: Dirty Martini deal was ‘quite uncomplicated’
The Nightcap CEO said aside from Dirty Martini’s debt-laden balance sheet, which led it into a pre-pack administration, the cocktail bar business was quite similar in terms of its P&L to the group’s existing businesses
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Interviews
Lucky Voice looks to regional cities
The social entertainment concept will likely launch in Manchester or Birmingham in 2024 as it looks to double its estate, MD Charlie Elek tells MCA
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Interviews
Punch: Operator managed model makes us better at running pubs
The model is also providing a solution for “very talented” individuals who want to build a career in the sector, Punch CEO Clive Chesser told MCA’s Pub Conference
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News
Arc Inspirations appoints new CFO and marketing director
The bar group has appointed Ciara Allan as its CFO following the departure of Tim Knockton, while Laura Lewis has been promoted from her role as head of marketing
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Analysis & Insight
Diversification boosts growth for pubs
Lumina Intelligence insight director Blonnie Whist explored trends in the pub market at MCA’s Pub Conference, from diversification to premiumisation, experiential, and treat-led occasions
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Analysis & Insight
What next for EG Group’s foodservice business?
MCA explores the implications of Asda’s £2.3bn acquisition of EG Group for its foodservice businesses, including synergies, cross-selling opportunities, and stores which blur the boundaries between retail and hospitality
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News
Thwaites in ‘strong position’ to regain pre-Covid momentum
The Lancashire-based pub operator and brewer reported a turnover of £108.8m for the year to March 2023, up from the prior year’s £96m