All MCA Insight articles in June 2023 – Page 7
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NewsM&B tipped as frontrunner in £600m Whitbread sale process
Whitbread is understood to have earmarked 250 of its 440 pub-restaurants for possible disposal and has approached established pub companies in order to try and avoid a drawn-out sales process.
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NewsFuller’s: 'The future looks very positive'
The premium pub group saw strong growth in revenues, like-for-like sales and profit, as the business fully recovered from covid-related restrictions
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Analysis & InsightM&A: ‘Confidence is starting to return’
With a recent flurry of transactions including Snowfox’s £491m sale to Zensho Holdings giving a boost of confidence to the hospitality sector, has the dam finally burst on the covid-era blockage of M&A deals?
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InterviewsMark Derry: ‘We are ready to step up to the challenge’
Heartwood Collection, formerly Brasserie Bar Co, is looking leverage the expertise of Alchemy Partners as it moves into the pubs-with-rooms market, its exec chairman tells MCA.
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InterviewsGrowth Kitchen to start building outside London
The satellite kitchen network is aiming to triple its estate before moving to other major cities, and diversifying its brand portfolio, co-founder Máté Kun tells MCA
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NewsVaulkhard Group secures £4.5m funding package
The Newcastle-based leisure operator has already acquired two new pubs thanks to the package from HSBC UK and is looking for further opportunities in the North East
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NewsHospitality an ‘economic powerhouse’
The sector has boosted its annual tax contribution to the Treasury by £20bn to £93bn over the past six years, according to new research by UKH
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NewsBarworks to open biggest venue to date
The Marc Francis-Baum-led group is opening a 700-cover Mare Street Market at Lewis Cubitt Square, King’s Cross
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InterviewsPizza Hut: ‘The power and resilience of the brand will continue’
As the brand celebrates its 50th anniversary in the UK, Pizza Hut UK & Europe CFO Kate Vacovec speaks to MCA about brand evolution, providing a digital-first experience, and tackling Domino’s stronghold in the market
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NewsShaftesbury Capital reports hospitality sales up on 2019
The West End landlord said its retail, hospitality, and leisure customers have reported sales 13% above 2019 on a like-for-like basis
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Analysis & InsightFood and drink price inflation jumps back to 21.4%
Inflation in the foodservice sector unexpectedly rose to 21.4% in April after dipping below 20% in March, according to the CGA Prestige Foodservice Price Index
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NewsUK economy returns to growth in April
The economy grew 0.2% in April after contracting 0.3% in March, helped by strong trading in restaurants, pubs, and bars
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Analysis & InsightOne-third of customers willing to pay more for sustainable choices, report finds
According to research by CGA and Nutritics, sustainability is a bigger driver for casual dining customers and those aged 18-34
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NewsNew chair and president at UKHospitality
Steve Cassidy, managing director at Hilton UK & Ireland, will take over as chair this week, while current chair Steve Richards will move across to the role of president
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NewsM&B launches new flexible working app
Called M&B Flexible, the app will offer potential new team members the chance to choose their working hours, role type and venue they’d like to work in.
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NewsChopstix announces multi-unit franchise deal
The Asian QSR brand has announced a long-term franchise agreement with KK Foods SW Ltd, with the aim of developing a pipeline of stores across the southwest of England.
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NewsSnowfox Group acquired by Zensho in $621m deal
The operator of sushi brand YO! has been acquired by Japanese foodservice company Zensho Holdings, in a deal which will see Snowfox backers Mayfair Equity Partners fully exit the business.
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NewsEverards returns to profit
The Leicestershire-based brewer and pub operator reports like-for-like sales growth of 6.3% in the nine months to June 2023
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NewsHonest Burgers appoints Lee Nixon as ops director
Former Ole & Steen MD Nixon joins the Active Partners backed burger chain following his departure from the Danish bakery chain in April
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News200 Degrees looking to grow by five a year
The Nottingham-based coffee shop and roastery business has lined up another three openings in the current financial year, with its 20th location to open in West Bridgford at the end of July.