All MCA Insight articles in June 2024 – Page 6
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NewsChaiiwala airport site ‘exciting new territory’
The Indian street food cafe concept is looking to expand across the UK and in more airport sites after opening at London Luton
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NewsRevolution to proceed with restructuring plan
All resolutions were passed at the group’s general meeting on Friday, with Revolution now seeking the sanction of its restructuring plan
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NewsEsquires opens five new stores
The coffee shop brand opened in Colliers Wood, Newport, Sudbury, Pinner, and Ruislip during April and May 2024, with the new openings making a significant contribution to sales
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NewsMcMullen’s breaks +£100m sales milestone
The record sales were driven by price increases as a well as real growth in demand, but profit conversion was impacted by labour cost inflation
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Weekend PressRecord rainfall in UK and France batters wheat crops
Heavy downpours since last autumn curb planting and push milling-wheat futures to year-high on Euronext, the Financial Times reports
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Weekend Press‘Guests like to be known’: restaurants luring diners back via personal reservations
Platforms send targeted messages to customers, reducing cancellations and encouraging them to return, The Observer reports
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Weekend PressHow the billionaire Issas bit off more than they could chew at Asda
Mohsin and Zuber Issa’s lofty ambitions for the supermarket chain have been stymied in a brutally competitive market. Now the pair are going their separate ways, The Sunday Times reports
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NewsPub leaders urge ‘fair recognition’ of trade’s value
England and Scotland fans will be paying four times more duty on their pints than the European average and a dozen times more than fans in Germany as they watch the Euros kick off this weekend
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Analysis & InsightPubs and the profit problem
Major pub operators like Greene King are achieving strong top-line growth, yet the cost of doing business is still causing a squeeze on profits. MCA writer Simon Brooke explores how pubs are balancing their businesses with premium and enhanced offerings, and considers how a transformation in culture might feed through to the bottom line
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring The River Cafe, Humble Crumble, Shoryu Ramen, Mr Porter, and more
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NewsLabour: ‘Our promise to you is partnership’
Shadow minister Seema Malhotra told sector leaders at the UKHospitality Summer Conference the party would be “on your side” if elected, as she highlighted key manifesto pledges to help businesses “thrive, grow and invest”
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InterviewsFuller’s: ‘Going to the pub is still good value for money’
The return of people to the office has helped drive a double-digit uptick in like-for-like sales - alongside extensive work on menu development and investments into the estate, CEO Simon Emeny tells MCA
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Analysis & InsightReturning consumer confidence drives spend on hospitality
According to Lumina Intelligence, confidence is expected to further increase as the UK gears up for the election, hopefully leading to more bullish summer spending on the sector
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NewsLabour pledges to replace business rates system
In its manifesto revealed yesterday, the party said the current system “disincentivises investment, creates uncertainty, and places an undue burden” on high streets
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NewsThe Wolseley Hospitality Group drafts in advisors
Owner Minor Hotels has called in restructuring experts AlixPartners to advise on cost management issues and business strategy, Sky News reports
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NewsCornish Bakery secures new funding
The bakery chain, which has more than 60 sites, has secured funding from Virgin Money to support its ambition to double the size of the business
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Analysis & InsightBrunning & Price named top pub operator
The Restaurant Group’s pub division has topped CGA’s PubTrack rankings and is joined in the top five by St Austell, Hydes Anvil, Youngs, and Everards
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NewsFuller’s reports year of ‘excellent progress’
Revenue rose by 7% to £359.1m while like-for-like sales were up 11% in the year ended 30 March, with the pub operator also reporting continued proactive management of the estate to enhance shareholder value
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NewsNigel Doughty leaves Subway
The former UK & Ireland managing director has left the sandwich chain after leading the region’s 2,500 restaurants for more than three years
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InterviewsJones the Grocer looks forward to ‘healthy future’ in UK market
The Australia-founded all-day dining brand is keen to grow the business in the UK as it launches its first site in Europe in partnership with TRG Concessions, CEO Jon Knight tells MCA