All MCA Insight articles in June 2023 – Page 8
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News
F1 Arcade closes £30m investment round
The Formula 1 simulator racing concept has announced plans to open more than 30 locations globally by the end of 2027
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News
Alan Yau to create ‘Wagamama 2.0’
The serial restaurant entrepreneur said he wants to create a “Wagamama for the supermarkets”
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Analysis & Insight
CBRE: Leisure sector resilient to headwinds
Belfast, Bristol, Brighton, Bournemouth and Manchester were named as the top five growth cities for leisure, food and beverage by the real estate advisor
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News
Brasserie Bar Co to rebrand as Heartwood Collection
The Alchemy Partners-backed group is planning to grow to 60 locations by June 2027, with a core focus on premium freehold pubs with rooms
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News
Ynyshir tops National Restaurant Awards for second year
The fine-dining Wales restaurant, led by Gareth Ward, was praised for its singular vision and willingness to break boundaries
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News
SRA launches new platform to standardise sustainability within hospitality
The Sustainable Restaurant Association has launched the Food Made Good Sustainability Standard, a globally accessible platform in response to the universal scale of food system issues
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News
Dolce Desserts planning UK franchise roll out
The Birmingham-based dessert cafe is now working with Brand Mark Franchising, as it looks to expand its business nationwide.
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News
Busaba swings to a loss
The Thai restaurant business said trading over the year to 18 September 2022 was strong, with 2% like-for-like sales growth, but increased costs saw it record a post-tax loss of just over £3m.
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News
Britain forecast to avoid recession this year
KPMG no longer expects a recession in 2023, instead forecasting that GDP will increase by 0.3%, but economists have said both businesses and consumers will still be in for a tough year.
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News
PizzaExpress claims it’s on surer financial footing
The restaurant chain has said its debt levels have significantly improved in recent years and are now half of what they were under the previous ownership.
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News
UK food giant calls for higher fat, sugar and salt taxes
Danone boss urges ministers to help people make healthy choices, The Observer reports
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News
Britons stick with staycations even as flight bookings surge
Rising living costs and good weather are helping sustain demand for domestic breaks, the FT reports
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Opinion
Diageo’s Ivan Menezes was a skilled operator as well as a humble leader
”You need a large Smirnoff and tonic. And fast.” These were pretty much the first words spoken to me by Ivan Menezes, Jim Armitage writes inThe Sunday Times.
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Analysis & Insight
Regional workers back in the office four days a week
A Regional Reit survey found that 65 out of 100 desks were occupied during business hours outside of London, The Times reports.
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News
Greggs takes on home of the pasty with expansion into Cornwall
‘Pasty wars’ heats up as bakery chain plans expansion into South West, the Telegraph reports
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Opinion
Is eating out a luxury again?
Tim Hayward writes for the FT on the inflation fear stalking restaurants — and whether we should pay more for our food
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News
Fulham Shore takeover deal voted through
Toridoll’s £93.4m acquisition of the Franco Manca and The Real Greek operator was approved by Fulham Shore’s shareholders at a Court Meeting and General Meeting, held on Friday.
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News
Nightcap acquires Dirty Martini in £4.65m deal
The late-night bar operator has entered into an asset purchase agreement to acquire Dirty Martini’s 10 bars, as well as Tuttons Brasserie in a pre-pack deal
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News
Uber Eats: ‘Our partnerships are key in leveraging our global scale’
Uber Eats is developing a targeted approach to sustainability initiatives, UK general manager Matthew Price tells MCA
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Analysis & Insight
Inclusive policies demanded by consumers, new survey shows
Nearly two-thirds of consumers think a venue’s equity, diversity, and inclusion policy is important, according to UKHospitality and CGA