All MCA Insight articles in June 2024 – Page 8
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NewsThe Ledbury reclaims the title of UK’s Best Restaurant
Brett Graham’s Notting Hill restaurant triumphed at the National Restaurant Awards, 12 years after it last held the title, while Michel Roux Jr was awarded Lifetime Achievement
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Analysis & InsightEuro 2024 to bring surge of football fans to pubs
More than three quarters of people (79%) plan to go out to pubs and bars more often during the tournament, according to CGA by NIQ’s latest BrandTrack survey
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NewsStonegate’s MiXR launches in-app sport capabilities
With over 450 pub venues throughout the UK offering sports viewing experiences, the app will help customers find a venue to watch, earn rewards, and complete ‘MiXR Missions’
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NewsSt Austell: ‘Heavy degree of fatigue and disillusionment with politics’
As the Cornish brewer and pub operator achieves record turnover of £229.5m, CEO Kevin Georgel accuses politicians of “on-the-hoof” policymaking
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NewsKaspa’s sees growth opportunities at home and overseas
The 87-strong dessert parlour chain is to open its first central London unit in Soho, while eyeing further opportunities in the Midlands as well as the Middle East and Ireland, MD Francesco Arcadio tells MCA
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Analysis & InsightService-led restaurants face challenging outlook
Restaurant growth has been impacted by high exposure to increased business rates and more stringent consumer spending, as many gravitate towards the value offerings of the food-to-go sector, according to Lumina Intelligence
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NewsSubway introduces foot-long sides alongside sandwich offer
Customers will be able to order foot-long cookies, churros, and dippers, measuring 12 inches, or 30 centimetres
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NewsCosta expands into air travel with EasyJet
The partnership brings EasyJet a range of Costa’s hot beverages including cappuccino, latte, salted caramel latte and decaf options
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InterviewsAdmiral Taverns aims to remain at forefront of M&A activity
The community pub operator, which recently acquired 37 freehold pubs from Fuller’s, has seen resilience in its wet-led model amid an increase in consumer spending and confidence, CEO Chris Jowsey tells MCA
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NewsPrice hikes and boycotts: Is trouble brewing at Starbucks?
The coffee chain is hitting new resistance from inflation-weary customers just as fights over unionisation and protests related to the Middle East war tarnish the brand
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NewsLabour vows business rate reform to help high street
The party has not specified what will replace the current business rates system but said reforms would level the playing field for High Street firms against online rivals
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NewsMiddle East buyers miss out as Caring walks away from The Ivy
Sovereign wealth funds from Abu Dhabi and Saudi were beaten to Troia restaurants by a mystery bidder as the owner decides to cash in his stake completely
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Weekend PressThe story of Greggs’ success and what’s coming next, by the boss
Roisin Currie, chief executive of Greggs, wants to grow the chain by extending hours and opening at airports
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NewsEG Group sells off parts of foodservice business in £228m deal
EG Group has agreed to sell its remaining UK forecourt business and certain standalone foodservice locations to co-founder Zuber Issa. EG will retain Cooplands and its Starbucks franchise business. Meanwhile TDR Capital has acquired Zuber’s shares in Asda, taking its ownership to 67.5%
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NewsKOL and Ikoyi named in World’s 50 Best Restaurants
Owned by MCA publisher William Reed, the World’s 50 Best annual ceremony took place in Las Vegas this week, with MJMK Restaurants’ KOL named at number 17 and Ikoyi at number 42
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Amigos, Flight Club, Sushi Revolution and more
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NewsBrewDog’s James Watt to launch new business
Watt, who currently holds the title of ‘captain and co-founder’ at BrewDog, is to launch a brand-building business called Social Tip this summer
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Analysis & InsightEuros forecast to drive over £600m in hospitality sales
Hospitality venues are expected to see £613.7m worth of sales – a £172m or 39% increase on the 2022 World Cup - during the Men’s UEFA Euro 2024 campaign
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EventsTrends influencing pub and bar deals at the Pub Conference 2024
Managing director at AlixPartners, Graeme Smith will explore how the current economic backdrop is impacting the financial landscape for M&A activity
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NewsUKHospitality reveals policy recommendations ahead of general election
Key asks include reforming business rates, the apprenticeship levy, and planning rules, as well as reducing VAT and employer National Insurance contributions