All MCA Insight articles in March 2022 – Page 7
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NewsBrewDog CEO claims ‘significant fraud’ in online campaign
James Watt has said a criminal prosecution is underway for fraud and malicious communication following an alleged campaign of online harassment
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Analysis & InsightBrands grow share of food to go against supermarkets
Greggs, McDonald’s and Costa Coffee all increased their share of the food to go market in 2021, gaining ground on supermarkets, Lumina Intelligence data reveals
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NewsHostmore has keen eye on acquisition opportunities
The operator of Fridays and 63rd + 1st is looking for proven concepts with a cuisine that offers something different to the mass market, CEO Robert B Cook told MCA
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NewsPrezzo vacated 30 sites after pre-pack
The majority of the business was sold in February 2021 to a vehicle owned by Cain International for £5.04m in a pre-pack administration
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InterviewsFor Nisha Katona, restaurants are the reason to choose where you live
The founder and owner of Mowgli Street Food speaks to MCA about Indian home cooking, community-focused hospitality, and what the future looks like for her growing chain of restaurants
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NewsState of Play secures $35m of growth capital
The operator of Bounce ping pong venues, and modern bingo concept Hijingo, is looking to accelerate its expansion in Europe and the US, including the roll-out of Flight Club which it operates under licence in North America
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NewsNightcap revenues up more than 700%
The late-night bar group has seen like-for-like growth of 24.8% for the nine weeks ended 27 February 2022, compared to 2020, and has readied itself for “fast and sustainable growth” this year and beyond
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NewsHostmore reduces losses following year of growth
The operator of Fridays and 63rd + 1st saw strong like-for-like (lfl) growth last year, but in the eight weeks to 27 February 2022 lfl sales were down around 3% on 2019 levels
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NewsNew chairman at Hostmore
Neil Johnson is due to be replaced by Gavin Manson, following the group’s AGM in May
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InterviewsSarah Willingham: ‘I bought my first home on a credit card’
Undaunted by debt, the restaurant entrepreneur went from eating Pot Noodles in a Parisian bedsit to making her first million at 31, the Sunday Times reports
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NewsJamie Oliver scrambles to pull out of Russia
The celebrity chef is scrambling to shut his Jamie’s Italian restaurant in Russia, the Sunday Telegraph reports
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NewsCash’s reign fades as Covid accelerates high street switch to card-only
Popular restaurant chains which stopped taking cash during the pandemic have turned their backs on it long-term in the latest sign of Britain’s shift towards going cash-free, The Observer reports
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NewsRussia’s invasion to have ‘enormous impact’ on world food supplies
Consumers around the world will feel the “enormous impact” of Russia’s war on Ukraine through sharply higher food prices and significant disruption to agricultural supply chains, The Financial Times reports
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Analysis & InsightRestaurants’ like-for-like sales up 9% in February
Bars also saw strong growth of +7%, as they benefited from the scrapping of vaccination passports, but pubs fared less well, according to the latest Coffer CGA Business Tracker
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InterviewsRudy’s pushes on with expansion
The Mission Mars pizzeria brand has completed on a further two sites, in Division Street in Sheffield, and Portland Street in Manchester, where it will also open a training academy for chefs
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InterviewsGail’s: ‘Holy grail property deals are few and far between’
Competition for prime sites is strong, and unless you are offering something new you may miss out, says property director Brett Parker
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NewsIn pictures: MCA’s Food to Go Conference 2022
Highlights of the day included Q&As with Julian Metcalfe, global CEO, Itsu, Will Stratton-Morris, CEO, Caffe Nero UK and Glenn Edwards, MD, Leon Restaurants
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NewsIn pictures: Rekom opens debut Heidi’s in Cardiff
The late-night operator has brought the Scandinavian brand to the UK as part of its wider growth and acquisition strategy
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NewsWasabi targeting suburban growth as part of portfolio expansion
In accounts just published for the group, Wasabi said its business model had undergone significant changes as a result of the pandemic.
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Analysis & InsightMajority support VAT freeze
Some 67% of adults say they are cutting back on eating out due to inflationary pressures and a resultant rise in the cost of living, according to a survey by UKHospitality