All MCA Insight articles in March 2021 – Page 10
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Analysis & Insight
Medium sized brands are winning a slower space race
Medium sized restaurant brands – those with 10 to 25 sites – are expected to emerge as the winners as the restaurant market reopens and recovers in 2021 and beyond. Whilst many large leading restaurant brands (with 25 sites or more) have had to rationalise their estates in recent years due to over-expansion, medium sized brands are expected to gain share and outperform the market in 2021, taking advantage of empty sites and the greater potential for rent negotiation.
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News
Deliveroo confirms float intentions
Deliveroo has confirmed it is “considering an initial public offering” and intends to publish a registration document today (8 March).
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News
Domino’s to dispose of Swedish business
Domino’s is to dispose of its Swedish business in order to focus on its operations in the UK and Ireland, following the exit from Domino’s Norway last year.
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News
Island Poke secures investment from Hero Brands
Island Poke has secured a cash injection from hospitality investor Hero Brands in order to help accelerate its expansion plans, the Press Association has reported.
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News
Hospitality businesses accuse government of failing to “add up”
Hospitality and leisure businesses have accused the government of being “unable to add up”, following the decision to put a £2m cap on the business rates discount announced in the Budget, according to The Times.
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Opinion
Peter Martin: Happy face, or serious face?
It’s one of those bittersweet moments for hospitality, and business leaders could be forgiven for feeling just a little nervous about how to react for fear of being misread.
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Analysis & Insight
A third of operators to continue digital focus post-pandemic
One in three hospitality operators plan to maintain a focus on digital channels and will continue to invest in them post-pandemic, according to the latest Hospitality Leader’s Poll from Lumina Intelligence.
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News
Deliveroo to launch £50m community fund
Deliveroo is offer a £50m funding pot for restaurants, riders and community groups following the launch of its IPO on the London Stock Exchange on Monday (8 March), Sky News has reported.
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News
Caring makes ‘verbal commitment’ to continue The Ivy backing
The Ivy backer Richard Caring has indicated he would be willing to support the restaurant group should cash funding through its banks become unavailable. Following a similar commitment to Bill’s Restaurants, of which Caring is a major shareholder, the Caprice Holdings chairman made a verbal agreement to extend support until May 2021.
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News
Kanada-Ya eyes expansion
London-based ramen concept Kanada-Ya is set to open two new restaurant sites this year, alongside a new delivery-only kitchen.
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Analysis & Insight
Hargreaves Lansdown on Deliveroo’s IPO
With its unicorn status, Deliveroo’s IPO is likely to be “the biggest coup in terms of size” for the London Stock Exchange so far this year, believes Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.
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News
Pub investment market gains momentum
Coffer Corporate Leisure is expecting a “very active summer” as investors look to the stability and resilience of the freehold pub sector.
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News
Register to attend MCA’s Retailer’s Retailer Awards
MCA’s 2021 Retailer’s Retailer Awards will be broadcast live tomorrow (11 March), so make sure you register your interest now in attending this prestigious event.
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Analysis & Insight
Nando’s becomes biggest brand by outlets
Nando’s has become the biggest restaurant brand in the UK by both outlet numbers and turnover, Lumina Intelligence’s Restaurant Report reveals.
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News
Antic London secures seven-figure CBILS package
Pub operator Antic London has secured a seven-figure CBILS funding package through alternative SME lender ThinCats.
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News
Tossed appoints NED ahead of new openings
Healthy eating brand Tossed has appointed Ann Elliot to its board as a non-executive director.
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News
Marston’s seeks bondholder waivers for third time
Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.
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News
Test and trace failings a ‘major cause for concern’
Data from “hundreds of millions” of test and trace check-ins to pubs and restaurants before lockdown failed to be used by the service, Sky News reports.
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News
Hawksmoor secures £4m loan to aid liquidity through crisis
Steakhouse concept Hawksmoor secured a £4m loan to aid its liquidity through the pandemic, accounts on Companies House reveal.
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News
State aid cap upped to £10.9m
The state aid cap on government grants has been raised to £10.9m, Paul Scully, the minister for business, consumers and labour markets has confirmed.