All MCA Insight articles in March 2020 – Page 11
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NewsSix by Nico makes London debut
The Nico Simeone-led restaurant concept Six by Nico is to open in the former Zizzi site in Charlotte Street, Fitzrovia this month.
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NewsYummy Pubs sells The Clarence
Yummy Pub Co has sold its in Stoke Newington pub The Clarence as it concentrates on building a freehold estate. Pub operator Robert Webster, who owns Charles Wells leased business in London the Anchor and Hope, and has interests in The Canton Arms, and the Magdalen Arms in Oxford, has ...
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NewsShonhan leaves Bone Daddies
Bone Daddies founder Ross Shonhan has left the restaurant group after nearly eight years.
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NewsCorbin and King announce two more restaurants
Corbin and King are opening two new restaurants in London, one in the City and another in Notting Hill.
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NewsGrind shifts focus to retail with Soho House tie-up
London-based coffee concept Grind has announced a new partnership with Soho House as it looks to grow its supply and retail arm this year.
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NewsProfits up at Cote
Cote has reported ‘satisfactory’ growth in its financial report for the year ending 28 July 2019.
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NewsDominos sees online sales help deliver “solid” results
Sales at Dominos rose 4.8% in 2019 but underlying pre-tax profits were down 1.2%, a performance the business described as “solid”. The business opened 32 stores during the year, including 29 franchised stores by 23 different franchisees. It said online sales continued to be a “driver” of growth, with online sales making up 91.1% of deliveries. “Our core UK & Ireland business continues to deliver a solid trading result, with UK like-for-like sales up 3.7%,” said Dominos CEO David Wild.
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Analysis & InsightConfidence at four year high before coronovirus outbreak - CGA
Optimism among eating and drinking out leaders was at its highest level for nearly four years in February, CGA’s latest Business Leaders’ Survey revealed.
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Analysis & InsightSteve Gotham: Turning up the heat and other NPD delights
New product development (NPD) is rightly recognised as a lifeblood for the eating out industry, and MCA’s Menu Tracker offers insights into the latest menu trends and influences across 150 leading operators. This review only serve as a taster, but the three courses have each been accompanied with three key summary insights.
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NewsFuller’s, Stonegate, Punch and more triumph at Publican Awards
The best pub and bar operators were celebrating success with nearly 1,500 people from the sector at the Publican Awards 2020. The industry’s top companies attended the event at Evolution London for a night which looks to celebrate excellence across the pub and bar business, all mc’d by top comedian Rob Beckett. The evening saw a broad mix of pub companies take home titles with Stonegate (Best Pub Employer - 501+ Employees), Liberation Group (Best Food Offer) and the Inn Collection Group (Best Pub Employer - up to 500 Employees) celebrating success for the second year on the run across their categories.
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NewsSherwood promoted amid senior shake-up at Wagamama
Wagamama UK managing director Nigel Sherwood has been promoted to chief operating officer amid a shake-up of the senior team.
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NewsDavid Read: Disposing with disposables
David Read, Prestige Purchasing’s Chairman suggests more ambitious thinking is required to resolve the plastics problem
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NewsTorres to step down from Taco Bell
Taco Bell general manage for Europe Jorge Torres is to leave his role overseeing the Tex-Mex brand in the UK, MCA understands.
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NewsIntu footfall flat as it explores further disposals
Intu has reported footfall was flat in its UK shopping centres in 2019, outperforming the wider retail market where footfall was down 2.5%.
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NewsOakman closes in on refinancing and investment target
Oakman Inns has secured close to £2m in new investment, while extending almost £8m of bonds which matured in December 2019.
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Analysis & InsightBeer sales up 1.1% in 2019 - BBPA
Total beer sales increased by 1.1% in 2019 to more than 8 billion pints – but a rise in beer duty in the forthcoming budget would stifle further growth, the British Beer and Pub Association has warned.
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NewsGreggs: CEO Roger Whiteside predicts hundreds more stores
Greggs has no plans to slow its rapid expansion, despite opening a net total of 97 new stores last year. The business recently increased supply chain capacity to allow it to operate 2,500 outlets, but CEO Roger Whiteside told MCA he believes the total number of Greggs outlets could grow “well beyond” that figure in the future. “We know it’s well beyond 2,500,” he said. “Because we don’t know a final number we just release the next number when we come close to the last one we released. So at 1,500 we said 2,000, now we are at 2,000 we are saying 2,500. So pick a number, we just don’t know it.
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NewsBrains to sell off 40 sites
Welsh brewer Brains has announced plans to sell 40 managed and partnership pubs that are not considered ‘core to its business.’
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NewsTGI’s finalises executive team
TGI Fridays UK has finalised its executive team with the appointment off Alan Clark as chief financial officer.
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Analysis & InsightRum to follow gin upward trajectory
Rum sales rose 7% year on year in 2019, contributing to a 6.2% rise in sales across the spirits category, new research from CGA has found.