All MCA Insight articles in March 2023 – Page 9
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News
Wingstop UK targets 50+ estate by end of 2024
The brand, run in the UK by Lemon Pepper Holdings, is aiming for a £100m run rate turnover, co-founder Tom Grogan tells MCA
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Analysis & Insight
Delivery to reach value of £14.4bn
Lumina Intelligence forecasts the 7.8% growth in 2023 will be driven by investment in technology, as well as inflation and rising fees
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News
Chopstix acquires Chozen Noodle
The Asian QSR brand has acquired competitor Chozen Noodle for an undisclosed sum, including all 27 of its sites in Motorway Service Areas
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Opinion
Philip Harrison: A reflection on 40 years in hospitality
As he steps down as CEO of his eponymous design agency after 34 years at the helm, Philip Harrison looks back on how the vibrant sector has evolved over the decades
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News
WatchHouse coffee has further nine UK sites in the pipeline
Founder Roland Horne told MCA’s Food To Go Conference he was “very bullish” about growth opportunities
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Interviews
Andy Hornby: ‘Pressure from Oasis has no bearing on TRG’s strategic plan’
CEO Andy Hornby tells MCA the strategic plans announced yesterday were “entirely grown from within” and not in response to shareholder disquiet
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News
Domino’s gains share of takeaway market
The pizza company hailed the reset of its relationship with franchise partners in 2021 as underpinning a strong performance in 2022
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Interviews
Julian Metcalfe: Itsu close to competing with big beasts of QSR
The itsu founder and global CEO tells MCA’s Food to Go Conference about new format restaurants, using technology to save labour costs, and going toe to toe with McDonald’s and KFC
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News
Consultation on alcohol advertising in Scotland closes today
Pubs and bars are urged to make their voice heard, with the potential for widespread consequences and added costs for the on-trade
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Analysis & Insight
Labour shortages ease - but rising wage bills add to pressure
The Business Leaders Survey from CGA and Fourth shows vacant roles are down, though few feel confident about their ability to recruit
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Analysis & Insight
Cost of living hits food to go
Visit frequency is down 2%, but average spend is up +12%, driven in part by inflation, according to Lumina Intelligence
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Interviews
Revolution Bars Group: ‘There is reason to be optimistic’
CEO Rob Pitcher speaks to MCA about integration and growth at Peach Pubs and like-for-like recovery in late-night bar sales
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News
Starbucks boosts sales but sees profits slide
The coffee shop brand saw UK sales exceed pre-pandemic levels, but wage and cost inflation led to a dip in profits
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News
St Austell appoints new directors
Kate Price will join the company in May as its new people director, while Laura McKay has been promoted internally to the role of marketing and communications director
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News
Big Mamma announces fifth London restaurant
The Italian-inspired, French-founded restaurant group will open Carlotta in Marylebone Village in May for its “most intimate trattoria yet”
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News
Marston’s markets 61 freehold pubs
The assets are a selection of non-core properties, include a mix of leased, tenanted, retail and managed pubs
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Analysis & Insight
Man and machine: The future of robotics in hospitality
With operators battling labour shortages and rising costs, could robots be the answer? MCA explores their current usage, the benefits seen by operators, and the potential for their wider usage in the UK hospitality sector
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News
TRG to offload 35 sites from Leisure division
The Restaurant Group reported a statutory loss before tax of £86.8m, as its leisure division was hit by cost-of-living and inflationary pressures
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News
Rare Restaurants confirms two closures
The steak restaurant group has confirmed the closure of M in Victoria and Gaucho in Smithfield as it looks to optimise its portfolio, with like-for-like growth at 24%
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News
Oasis threatens to push for removal of TRG boss
The activist investor has called for the Wagamama owner to reduce debt, reduce interest, and resume dividends as it is rumoured to be weighing up a potential sale of its pubs business