All MCA Insight articles in June 2024 – Page 2
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NewsKarali Group acquires 46-strong Taco Bell portfolio
The sites were acquired as part of a pre-pack administration deal from Caskade Group. It follows news that 40 branches of KFC have been acquired by Adil Group from Caskade
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NewsNightcap to go private
The bar group believes it will have better access to supportive investors as a private company, and will be able to pursue its strategy at a faster pace, at a lower cost and potentially with less shareholder dilution
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NewsMarket Taverns further strengthens board
Nigel Parson, currently consultant analyst at Cavendish, has been appointed as a director for the pub group, following the recent appointment of Suzanne Baker
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NewsIsland Poke sold in pre-pack administration
The chain’s trading performance undermined the viability of the CVA put forth to creditors, resulting in a sale, according to Begbies Traynor
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Analysis & InsightExperience-led businesses contribute £134bn to UK economy
Businesses that have made changes to provide more memorable consumer experiences report a 15% average increase in revenue
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InterviewsDavid McDowall: ‘Craft Union is a jewel in the Stonegate crown’
The Stonegate CEO discussed the group’s data-led strategy, the beauty in the simplicity of the Craft Union model, and his confidence in the business achieving its balance sheet goals at MCA’s Pub conference yesterday
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NewsBusiness leaders back Labour plans to overhaul Apprenticeship Levy
Signatories include the chief executives of hospitality groups such as Fuller’s, Stonegate, Revolution Bars, KFC and UKHospitality
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Analysis & InsightF1 Arcade raising £100m to fund expansion
The Formula One driving simulator business is said to be close to finalising the new debt facility with Liberty Media, OakNorth bank, and investment fund Cheyne
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Analysis & InsightVarious Eateries sees steady start to H2
The Noci and Coppa Club operator said that a significant increase in minimum wage has impacted margins, but this has partially been offset by food and utilities inflation, which has fallen year-on-year
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Analysis & InsightPubs diversify to survive
While consumers continue to limit discretionary visits, pubs are having to do more to attract visitors, Lumina Intelligence’s insights director Blonnie Whist told MCA’s Pub Conference yesterday
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NewsDoordash approaches Deliveroo for takeover
Reuters reports the San Francisco-based food delivery group flagged an interest in a takeover, but talks ended after disagreement on valuation
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NewsHawksmoor unveils new Chicago restaurant
The opening this week is a key step in the steak restaurant group’s international expansion plans, as it remains on target to clear £100m in sales this year
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NewsBone Daddies actively seeking new sites
The group is looking to expand its existing concepts - Bone Daddies, Flesh & Buns, and Shack-fuyu - and has entered a joint venture for a fourth brand
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Analysis & InsightFoodservice price inflation falls to 28-month low
Year-on-year inflation fell to 4.6% in May, revealing more positive trends for the hospitality sector, according to CGA and Prestige
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NewsComptoir Group announces board changes
Ali Aneizi of Tamweel Capital has been appointed non-executive director, while Jean-Michel Orieux succeeds Dr Beatrice Lafon as chair of the board
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InterviewsFresh Burritos acquisition ‘transformational’ step for Tortilla
CEO Andy Naylor discusses kickstarting expansion in mainland Europe, adding immediate scale, and the opportunity to ‘own’ the Mexican cuisine category across the continent
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Analysis & InsightEconomic stabilisation and lack of strikes boosts market
Lower inflation and and the call for a general election has led to improved consumer confidence, according to Lumina Intelligence
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NewsTortilla acquires Fresh Burritos
The €3.95m (£3.34m) acquisition of Europe’s second largest fast casual Mexican restaurant group marks the latest step forward in Tortilla’s growth strategy, which includes developing the brand internationally and doubling down on franchising
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NewsGusto Italian launches menu of ‘comeback dishes’ using customer insights
A new three-course menu comes after a recent survey asked diners to nominate their favourite Gusto dishes
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NewsEl Mexicana seeks new investment
The owners of the brand, who have plans to open four new sites, have appointed FRP Corporate Finance to explore options for potential buyers or investors