All MCA Insight articles in June 2024 – Page 7
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NewsNightcap raises additional £1.5m
The bar operator has now received subscription commitments for a total of £2.25m as it looks to capitalise on opportunties to consolidate the bar sector
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NewsCrosstown made losses of £3m in last two years
The doughnut brand saw a drop-off in demand for its premium products, and was impacted by supply side cost inflation, before being acquired by Karali Group in a pre-pack administration for £500,000
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NewsUKH: ‘Back hospitality to regenerate our towns and cities’
At its annual summer conference today, UKHospitality will call on all political parties to back a sector it says can grow at a “significantly faster” rate than the wider economy
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Analysis & InsightAre Leon and Asda the right fit?
As TDR Capital consolidates its stake in Leon owner Asda, Paul Langston from CACI explores the unlikely demographic crossover between the supermarket group and the healthy food-to-go brand
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NewsConservatives pledge to ‘ease burden’ of business rates
The Tory manifesto pledged a £4.3bn rates support package to support high street, leisure and hospitality businesses, while increasing rates for online retail warehouses
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NewsBewiched lines up five openings for the year
The Midlands-based coffee chain opened its second drive-thru this week in Wellingborough, and will open in Northampton Grosvenor, Leamington Parade, and Bedford later this year
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NewsNightcap hires director of business operations
Sarah Miller joins after five years with Stonegate, including two years as business unit director for its late night division including Be at One, Slug and Lettuce and Popworld
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NewsVagabond sites at Gatwick to be rebranded
New owner Airport Retail Enterprises (ARE) UK will rebrand the main wine bar to Big Smoke Taphouse & Kitchen, the same concept it operates at Heathrow T2 and Luton
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NewsZuber Issa to take on forecourt franchises
As part of his £228m exit from EG Group, co-founder Zuber Issa will take on foodservice outlets at 30+ forecourt locations, which includes franchise sites for Starbucks, Greggs, Subway, Cinnabon, Sbarro and Chaiiwala
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NewsDelivery companies ‘killing local restaurants’
The Asian Catering Federation said its members face “exorbitant” commission charges “with a focus on prices rather than quality”
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Analysis & InsightHow to build a billion-pound restaurant brand
As They Ivy Collection is poised for a £1bn blockbuster sale, Jon Blakeney of experience branding agency I-AM explores how its recipe for success provide valuable lessons for the hospitality sector
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Analysis & InsightInflation easing in pubs & bars
Despite an improvement over the past year, sector inflation continues to trend well ahead of inflation more widely, according to HDI’s Pricing Database
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InterviewsGravity sees potential for another 10-15 UK sites
Co-founder of the active entertainment business, Michael Harrison sees substantial room for domestic growth alongside international franchising, after signing a three-site deal for Morocco
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NewsWhitbread workers threaten group with legal action
Workers from the Brewers Fayre, Beefeater, and Table Table brands have claimed poor consultation on planned job cuts and closures
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NewsUrban Pubs & Bars looks to double estate
Earlier this year, the group reported a 17% increase in like-for-like sales and a 60% rise in turnover to £52.2m as it looks to build on its momentum
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InterviewsSukho Group sees 7% like-for-like sales uplift
The Thai-inspired group believes there is potential to further roll out Gai Zaap, its new chicken shop concept, alongside a further two locations to be secured for Zaap Thai, MD Gerrard Marks tells MCA
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NewsLabour manifesto to include clampdown on ultra-processed food and takeaways
A Labour government would ban fast food outlets near schools if it wins the general election, according to shadow health secretary Wes Streeting
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InterviewsSt Austell: ‘We’re looking for more iconic pubs’
Alongside the top line, the Southwest-based brewer and pub operator has grown market share - and remains on a ‘clear growth agenda’ with a focus on accommodation, CEO Kevin Georgel tells MCA
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Analysis & InsightDiageo taps AI to predict summer cocktail trends
Umami, spicy and tropical flavours are predicted to be among the popular cocktail trends across the on and off-trade this summer
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NewsSnowfox owner Zensho brings ramen concept to UK
Snowfox Group’s owner Zensho Holdings has launched a new Japanese ramen concept Ichikokudo Hokkaido in the UK with plans to expand nationwide