All MCA Insight articles in June 2023 – Page 9
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News
EG Group reports uptick in foodservice sales
Its Q1 trading update, ahead of the recently announced sale of EG UK&I to Asda, saw foodservice sales up 15% year-on-year
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News
Megan’s appoints director of operations
Bridget Lambert, previously of the Livelyhood Pub Group and ETM Group, has joined the London neighbourhood restaurant chain
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News
Zia Lucia plans UK rollout
The London-based pizza chain, which operates 10 neighbourhood restaurants, has appointed Savills as it looks to roll out nationally
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Brightside, Bancone, Proud Mary and more
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Analysis & Insight
Eating out frequency down 7.1%
Participation in the eating out market may remain static but consumers are visiting venues less often than a year ago, the latest Lumina Intelligence report has found
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News
BrewDog bars help drive 20% sales growth in 2022
Its new flagship Waterloo and Las Vegas sites have performed above expectations and offer a clear example of how it sees its bar estate evolving, CEO James Watt said.
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News
Gusto appoints new CFO following Bandura’s departure
Phil Dearden joins the restaurant group this month following the departure of CFO Frank Bandura, who has joined Impact Food Group
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News
Deliveroo launches £20m summer savings campaign
From June to September, the food delivery company will introduce a range of offers, that will enable customers to save money on deliveries from local restaurants as well as grocery items.
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Interviews
Imbiba ‘obsessed’ with the longevity of experiential leisure
Managing partner Darrel Connell tells MCA that, like casual dining, experiential leisure concepts must update and evolve to remain relevant to consumers
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Interviews
City Pub: ‘We're very confident in our numbers’
The like-for-like growth achieved by the group shows consumer demand is still very strong – but customers aren’t just going to fall at our feet, CFO Holly Elliott tells MCA.
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Interviews
Chopstix: ‘We haven’t come across a format that doesn't work for us’
MD Jon Lake speaks to MCA about proving the brand’s versatility, recovering like-for-like growth across its estate, and expanding brand awareness with the Chozen acquisition
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News
Gong cha looking to pick up pace of UK expansion
The global bubble tea brand is looking to pick up the pace of its expansion in the UK and is eyeing 500 stores by the end of the decade.
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News
Brakspear boosts senior team at Honeycomb Houses
John Gormally, former head of operations at Pitcher & Piano, joins as interim operations director, while Simone Brown has been appointed to the newly-created role of head of people.
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News
James Watt invests in Clean Kitchen Club
The BrewDog CEO and co-founder has revealed he is an investor in the plant-based QSR concept, which has plans to open several larger format central London sites this year.
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News
Non-exec departure at The Restaurant Group
Alex Gersh will step down from his role as an independent non-executive director and chair of the audit committee in July
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News
Sir Ivan Menezes dies
The former Diageo CEO, who passes away following a brief illness, was hailed as “one of the finest leaders of his generation”
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News
Adnams reports £1.2m operating loss for FY22
Despite significant pressure on its underlying cost base, the business reported a £7m rise in revenue to £64.2m, and a positive EBITDA of £2.7m for the period.
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News
Comptoir Group: ‘We have an extremely strong base from which to leverage growth’
The Lebanese restaurant group is close to completing on a site in greater London, and is in discussions with new franchise partners to open up access to other travel hub and leisure locations
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News
Hostmore sees further fall in like-for-likes
In a trading statement to accompany the group’s AGM today, the TGI Fridays operator reported a 3% decline in like-for-like sales for the 22 weeks to 4 June 2023 – down from -1% in the first 16 weeks.
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News
City Pub achieves 20% sales uplift; secures majority shareholding in Mosaic
The group reported a like-for-like sales increase of 13% for the first 23 weeks ended 4 June 2023, which it said would have been higher had it not been for the impact of the rail strikes.