All MCA Insight articles in March 2023 – Page 10
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News
Tortilla appoints head of IT
Andrew Brook, who has held senior IT positions at Itsu, Pod, and Wholefoods, will be responsible for evolving the fast casual Mexican concept’s IT strategy
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News
Greggs sees opportunity for more than 3,000 sites
The food-to-go operator has reported robust like-for-like trading, with total sales of £1,513m in 2022, and looks to grow through both new openings and channels
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News
Revolution Bars faces headwinds
The group announced £76m in sales for H1 FY23, with transport strikes, declining consumer confidence, record hot weather, and cost inflation impacting profitability
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News
UKHospitality calls for urgent Ofgem intervention
CEO Kate Nicholls has written to Grant Shapps, the secretary of state for energy security and net zero, calling for suppliers to be taken to task for “unscrupulous behaviour towards hospitality”
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Interviews
Zambrero: ‘We see great opportunity in the UK’
As the Mexican QSR concept gears up for its UK rollout following a £143m investment, MCA speaks to UK CEO Emily Teh and analyses its potential for success in the burrito wars
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Analysis & Insight
Restaurant spend dips year-on-year
Consumer spending in restaurants saw a decline in February, down 3% on 2021 figures, according to the latest credit and debit card spending data from Barclays, but spend in pubs was up
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News
Costa announces third pay rise in 12 months
Team members across 1,520 company-owned UK stores will see hourly wages increase by 6.1 to 7.3% with effect from 1 April
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News
Greene King sets women in leadership target
Ahead of International Women’s Day, the pub company is aiming for its senior management team to be 50% women by 2023
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News
Thorley Taverns sees revenue double
The Kent-based hospitality company saw turnover increase from £6.7m in 2021, to £13.4m for the full year to 30 June 2022.
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Interviews
Urban Greens: ‘We could be on every high street’
As the salad concept gears up to kickstart its London rollout, co-founders Rushil Ramjee and Houman Ashrafzadeh speak to MCA about shaking up the capital’s lunchtime offer
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News
TRG expected to put forward ‘cogent strategic plan’
Analyst Singer has said that while it expects the plan to address the rebuilding of shareholder value and profitability, it does not anticipate radical action
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News
Starbucks ends speculation about UK sale with £30m investment
The coffee shop chain as ended speculation about a potential sale of its British business, announcing plans to invest millions in the refurbishment of its existing sites and open 100 new coffee shops in the UK.
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News
Pubs can stay open later for King’s Coronation weekend
Pubs, bars and clubs in England and Wales will be able to serve customers until 1am between Friday 5 and Sunday 7 May
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News
UK ministers consider allowing hospitality to recruit from overseas
The government is looking into overseas recruitment and annual worker health checks to tackle labour shortages, The Guardian reports
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News
Indie cafe in Brixton takes on Blank Street Coffee over name
Blank Coffee has launched a legal challenge, saying Blank Street Coffee is trying to copy its ‘vibe’, according to The Guardian
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News
Surge in UK rate expectations prompts Bank of England pushback
Stubbornly high US inflation has sparked a global repricing in interest rate markets, The Financial Times reports
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News
Food tsar blames shortages on UK’s ‘weird supermarket culture’
Henry Dimbleby says suppliers struggling with rising costs while locked into fixed-price contracts, The Guardian reports
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News
Goldman Sachs arm among bidders with appetite for $10bn Subway
Goldman’s Asset Management arm, Bain Capital, TPG and the Asda shareholder TDR Capital are among the suitors for the sandwich chain, Sky News reports
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News
El Mexicana saved in pre-pack deal
John Coverley and Paul Stagg, who founded and operated the brand under the Elmex Group, have acquired parts of the business under Cholco Consulting
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Analysis & Insight
Older people return to workforce
The number of 50 to 64-year-olds preparing to get back to work rose sharply in the final three months of 2022, according to analysis by the Institute for Fiscal Studies (IFS)