All MCA Insight articles in March 2017 – Page 16
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Downing launches £1.9m pub bond IFSA
Hedderwick, a company which operates sites with Oakman Inns, is raising £1.87m through crowdfunding platform Downing Crowd.
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TRG FY lfls down 3.9%
The Restaurant Group has said all three of its major brands – Frankie and Benny’s; Chiquito and Coast to Coast – underperformed in 2016 but stressed a ‘robust plan’ was in place to turn them around.
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Cote strengthens openings pipeline
Cote, the BC Partners-backed group, has further strengthened the openings pipeline for its eponymous brand with sites secures in Gloucester Quays, Lewes and Shrewsbury.
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BRG confirms Mcilwee appointment
Boparan Restaurant Group (BRG) has confirmed to MCA that former Tesco chief financial officer Laurie Mcilwee has joined the group as chairman.
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Ducalian buys Truscott Arms for £5m
Ducalian Capital has acquired the award-winning Maida Vale gastro pub, The Truscott Arms, for £5m.
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Poole steps down from Prezzo
Christian Poole has stepped down as marketing director at Prezzo after nearly five years with the company, MCA understands.
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French: Current trading to have remained difficult for TRG
Ahead of its full-year update tomorrow, leading analyst Simon French at Cenkos has said that he expects current trading to have remained difficult for The Restaurant Group (TRG).
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Wagamama Q3 lfls up 9%
Wagamama, the Duke Street Capital-backed, David Campbell-led group, saw like-for-like sales across its UK estate climb 9% in the 12 weeks to 29 January 2017, with turnover increasing 15.7% to £64.2m.
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ALMR: Rates hike is sector-specific issue
The Association of Licensed Multiple Retailers has ramped up its calls for sector-specific action on business rates.
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Piotrowski leaves Treby Arms to launch new venture
Former MasterChef: The Professionals winner, Anton Piotrowski has left The Treby Arms in Plympton, Devon to open his own restaurant in Plymouth.
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Further operators sign up to support Tim Bacon Foundation
A further group of the sector’s leading players have pledged their support to the Tim Bacon Foundation, the charity established in the late Living Ventures co-founder’s name to recognize his achievements, to continue his legacy and to echo his legendary generosity of spirit.
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French: Nando’s most significant challenge to Domino’s
Leading sector analyst Simon French at Cenkos has said that Nando’s is the most significant challenge to Domino Pizza’s market share of the home delivery market.
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Just Eat 2016 orders worth £2.5bn
Just Eat, the online delivery platform, processed orders worth over £2.5bn for its restaurant partners in 2016.
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Arabica 'eager to find new sites'
Arabica, the restaurant, retail and wholesale group, has strengthened its senior team ahead of a brand revamp and expansion push.
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Ducksoup team to launch Littleduck - The Picklery
The team behind Ducksoup are opening a fourth concept, Littleduck - The Picklery, MCA has learnt.
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Camden Town boss on criticism, investment and innovation
Camden Town Brewery founder Jasper Cuppaidge talks innovation, athenticity and expansion as the business upgrades to a bigger brewhouse.
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Piper makes £10m investment in Flat Iron
Piper has completed a deal to take a significant minority stake in Flat Iron
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Stonegate completes £595m refinancing
Stonegate Pub Company has strengthened its financial position after completing a £595m refinancing
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Darwin & Wallace appoints Barnes as ops director
Darwin & Wallace has appointed Polly Barnes, formerly of Gail’s and Byron, as its new operations director
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What the Pitta! secures second site
Vegan kebab concept, What the Pitta!, is to launch its second site this weekend – at Croydon BoxPark.