All MCA Insight articles in March 2024 – Page 4
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Analysis & InsightRestaurant and café price rises slow
The rate of inflation slowed to an annual rate of 3.4% in February, reflecting a downward effect from restaurants and cafes, where prices rose by 0.7%, compared to 2.1% in January
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NewsBrewery insolvencies triple in 2023
Breal Capital, which recently rebranded its growing beer business to Keystone Brewing Group has been active in acquiring distressed businesses such as Purity, Black Sheep, Brew by Numbers and Brick
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InterviewsNaan Staap aims for 10 sites in 2024
The Pakistani café brand has ambitions to open 20 UK stores by the end of 2025 and sees strong potential for international expansion, according to founder Zohaib Shahnawaz
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NewsBoom Battle Bar operator grows revenues by 96%
XP Factory opened some nine sites in 2023, boosting sales to £44.7m, and double-digit like-for-like growth
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NewsKnoops agrees Middle East expansion
CEO William Gordon-Harris is seeking to “build a billion-dollar brand” and has a goal of operating 3,000 stores globally by 2030
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NewsCC Capital in talks to acquire Soho House
Chairman Ron Burkle defended the members group against attacks against its business model and profitability, arguing its houses create “tremendous long-term value”
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NewsStonegate announces senior appointments
The group has appointed Carol Campbell, Lee Reed and Frazer Grimbleby as managing directors, while Nick Andrews is set to retire
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InterviewsMB Chicken: ‘We want to be the premier global chicken brand’
The Canada-founded chicken brand is spearheading international expansion in the UK, with plans for rapid growth with a select group of franchise partners, VP International Development Dylan Powell tells MCA
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InterviewsBP: Multi-mission, frictionless interactions top of mind
With increasing digitisation, longer dwell times and made-to-order food offers, BP’s forecourts are evolving, Jo Hayward tells MCA’s Food to Go conference
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Analysis & InsightConsumers enjoy big nights out - but shy away from late night
Pre-planned occasions are more likely to be ticketed, bottomless brunches or competitive socialising, according to CGA by NIQ
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Analysis & InsightGreggs most admired company in sector
McDonald’s came second while Fuller’s and Greene King were joint third in the annual survey of corporate reputation
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Analysis & InsightStreet Food: Considering the less-considered
With street food’s enduring influence on UK restaurants, Egg Soldiers’ senior trends strategist Tom Gatehouse examines which global cuisine categories are gaining traction among consumers
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NewsChanges to apprenticeships ‘very positive’
UKHospitality chief Kate Nicholls said the apprencticeships levy still needs reform to allow businesses more flexibility with funding
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NewsM&B’s Orleans Smokehouse off to ‘flying start’
Data shows that average transaction values are up significantly when compared with Harvester previously, meanwhile the new smokehouse concept is over-indexing with younger age groups
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NewsHush Collection shifts focus to Haché Brasserie concept
The sale of its smaller sites has allowed the group to focus on its “core activities, to repay certain shareholder loans and its overdraft facility in full, and to provide liquidity”
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NewsCrussh returns to expansion trail
The healthy food and juice bar chain is to open new sites in London’s Kensington and Fulham, after being bought out of administration in January 2023
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NewsNightcap remains optimistic for future outlook
Despite revenue growth of 42%, the late night operator reported like-for-likes down 10% but expects a gradual recovery later this year as the financial outlook for its customer base improves
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NewsNespresso to open first on-the-go coffee shop
A new ’Nespresso bar’ concept will open near Liverpool Street station in London, after the brand closed two sit-down cafés in the capital in 2019
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NewsPrezzo returns to profitability in 2023
In April 2023, the business took the decision to reduce it restaurant estate down to 97 sites which were profitable and capable of delivering sustainable growth
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NewsRight place, long time: what are the secret ingredients that help a restaurant last for years?
The Sportsman, Melton’s and Prashad have thrived for two decades or longer. The Observer meets the teams behind these evergreen favourites