All MCA Insight articles in March 2021 – Page 9
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News
City Pub Group appoints NED
The City Pub Group has appointed Emma Fox as an independent non-executive director.
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News
M&B completes £350m fundraise
Mitchells & Butlers has completed its capital fundraise, securing gross proceeds of £350.5m from shareholders.
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Last chance to register for Retailer’s Retailer Awards
MCA’s 2021 Retailer’s Retailer Awards will be broadcast live tonight (11 March), so please do you register your interest now in attending this prestigious event.
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News
Ralph Findlay to leave Marston’s
Ralph Findlay has announced he is to step down as CEO of Marston’s after 20 years in the role.
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News
Government launches review into commercial rents
The government has committed to take further steps to help resolve the commercial rent issue after launching a review into tenant and landlord legislation.
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News
Swingers secures $20m for US expansion
Swingers, the experiential mini-golf concept, has secured $20m (£14.4m) in new investment from existing backer Cain International to fund its expansion into the U.S.
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News
Just Eat’s UK revenues up 42%
Just Eat Takeaway.com achieved a 42% increase in revenue in its UK business in 2020, from €509m to €725m. Adjusted EBIDTA for the UK was €216m – up 2% on 2019.
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News
Liberum on Domino’s
For Domino’s to unveil its strategic growth plans before a proposed deal with franchisees has been accepted raises questions, analysts at Liberum have said.
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News
Honest appoints first CEO in senior reshuffle
Honest Burgers has appointed Frank Hayes, a former director at Spirit Group, as the company’s first CEO.
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News
Angus Steakhouse on brink of collapse
Angus Steakhouse has hired KMPG to secure a rescue deal for the restaurant chain, which is on the verge of going into administration, The Telegraph has reported.
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News
TRG revenues down more than 50 percent
The Restaurant Group (TRG) has seen total revenues down 57% to £459.8m, for the 52 weeks ended 27 December 2020.
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News
TRG announces £175m capital raise
The Restaurant Group (TRG) has announced a proposed capital raise of £175m, by way of a firm placing, and placing and open offer.
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Interviews
Scott Matthews: ‘Business in London is going to be slower to come back’
CG Restaurants is anticipating that it will take much longer for sales at its London sites to bounce back compared with its regional locations.
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Interviews
Alex Reilley calls for acceleration of reopening
Loungers chairman Alex Reilley is hopeful that with falling infection numbers, there will be growing calls for an acceleration of the reopening roadmap.
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News
Adam Handling promotes ops director
Adam Handling Restaurant Group has promoted its operations director Nicola Gartenberg to executive director as it gears up for expansion. The role will also see her appointed to the board.
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News
Punch rolls out dark kitchen brand
Punch Pubs is rolling out its virtual burger brand Bull & Bird across its estate, and has a second virtual brand in development.
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News
Rockfish: Summer could be ‘best ever’
Rockfish is gearing up for a second summer of staycations as it secures its latest restaurant in Devon town Salcombe.
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News
Domino’s plans 200 new stores
Domino’s has capitalised on its 20% share of the UK foodservice delivery market with 2020 sales up 11.4% to £1.3bn, and like-for-like sales growth of 10.3%.
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News
Oakman acquires six Seafood Pub Co sites
The Oakman Group has acquired six pubs from the administrators of Seafood Pub Company.
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News
Narrowing rates relief a ‘sting in the tail’
The business rates relief announced in the Budget is due to expire very close the 21 June reopening date, which could cause problems if there is any slippage to the roadmap, Kate Nicholls has warned.