All MCA Insight articles in March 2022 – Page 4
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NewsSoaring costs forcing operators to cut hours
More than a third (38%) of hospitality businesses have reduced their trading hours due to the rocketing price of energy, according to a new cross-industry survey.
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OpinionDominic Walsh: Price rises causing caution
Dominic Walsh considers economic pressures on operators, celebrates Mark Crowther’s role at Portobello Brewery, and speculates about the future of Cineworld’s Mooky and Israel Greidinger
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NewsItsu appoints group CFO
Greg Thorp joins the healthy Asian fast-food chain, following 16 years at Pret A Manger, as it pushes ahead with its nationwide expansion plans, including its first site in Scotland this week
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NewsSBPA appoints new president
Molson Coors’ strategy director Andrew Lawrence will take over from Hawthorn’s Edith Monfries as president of the Scottish Beer & Pub Association
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NewsCosta Coffee makes 2040 net zero carbon pledge
As well as reaching net zero within the next 18 years, the coffee chain has also pledged to halve the coffee emissions it produces per coffee by 2030
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InterviewsJulian Metcalfe: ‘Itsu is still pretty sloppy’
The founder and CEO of Itsu was one of the star attractions at MCA’s Food to Go Conference earlier this month. He discusses taking the brand out of London, finding the perfect investors, and whether he has the headspace for another big idea
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NewsSunak ‘considering VAT cut extension’
The chancellor is reported to be plotting a host of tax cuts and freezes this week amid mounting pressure over the surging cost of living
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NewsCity Pub Group sells pub package to Portobello Starboard
The five pubs on the South Coast of England, including three in Brighton, were sold for £16.2m
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NewsNew CFO at KFC UK&I
Matthew McCormick, formerly chief development officer, has become the new chief financial officer, replacing Chris Drew
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NewsMPs report calls for tax equality for pubs
The outdated tax on bricks and mortar is threatening investment in high streets, skills, and communities, a group of MPs has warned
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NewsEscape to Freight Island looks to expand beyond Manchester
Speaking at the R200 Conference last week, MD Dan Morris said there’s an appetite for the concept in cities across the UK
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InterviewsExpand and exit: the Seoul Bird strategy
Chef, TV personality and former Wall Street banker Judy Joo tells MCA about her expansion plans for her Korean fried chicken restaurant concept Seoul Bird
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NewsDrink sales almost back at 2019 levels
Average sales in managed pubs, bars and restaurants were virtually back at pre-pandemic levels, with categories such as spirits significantly up (+11%), according to CGA’s Drinks Recovery Tracker
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NewsBeer prices up by 45p a pint
The price of a pint of beer has gone up by 20-45p a pint at Marston’s and by up to 20p a pint extra at Wetherspoons, it has been reported
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OpinionFive new things to consider when menu planning in 2022
David Read, founder & chairman of Prestige Purchasing sets out how inflation will impact menu design in the year ahead
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NewsMowgli reports ‘extremely strong trading’
The Nisha Katona-led restaurant group said like-for-likes remained materially above pre-Covid levels across all segments of the business, since the full lifting of restrictions last July
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NewsSoaring energy prices threaten last orders for pubs
Hospitality and leisure sector businesses are struggling to secure manageable gas and electricity deals, the Financial Times reports
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NewsHotels look to Ukrainian refugees to solve staffing crisis
With around 230,000 positions unfilled, could this be a positive option for new arrivals, The Sunday Times asks
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NewsAt Crosstown, customers go crazy for our doughnuts
Co-founder Adam Wills shares the formula to Crosstown’s sourdough doughnuts and specialty coffee combination with the Sunday Times
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NewsFears for the great British fish & chip shop
The crisis facing the nation’s takeaways highlights grim times for the restaurant trade, the Sunday Times reports