All MCA Insight articles in May 2014 – Page 5
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NewsLfls up 10% at Draft House
Draft House has reported a 17% rise in like-for-like sales in May and said it hoped to have new site news shortly
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News
City Pub Co EBITDA nears £1m in 'transformational' year
The operator has reported EBITDA of £912,166 in the “transformational” year to 29 December, and expects it to reach as high as £8m by 2017 as the company grows to c30 sites, chief executive Clive Watson has told M&C Report
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News
Hawthorn being offered “lots of pubs”
Hawthorn Leisure, the new pub group, is being offered “lots of pubs” and hasn’t ruled out buying managed sites
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NewsFive Guys UK reports £3.89m loss
Five Guys UK has reported a loss of £3.89m in the period to 29 December 2013, as the cost of launching in the country saw administrative expenses reach £4.58m.
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Analysis & InsightEating out frequency in pubs up in Q1
Eating out frequency increased at both pubs and supermarket-to-go channels in Q1 2014, according to the latest results from Allegra Foodservice’s UK EatingOut Panel
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NewsGreene King pulls out of Orchid sale process
Greene King has announced it has pulled out the sale process for Orchid Group, with the latest round of bids for the 225-strong Rufus Hall-led company thought to be due in today
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NewsM&C20 climbs back from leisure sector fall
The leisure sector has partially recovered following last week’s crash climbing 3.4% and gaining £58m across the portfolio of 21 companies, while the FTSE All Share Index remained relatively static
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InterviewsFriday five-minute interview
M&C Report talks to Art Sagiryan, chief executive of London-based dim sum chain Ping Pong, about his best investment, his best business decision and the best piece of advice he’s ever received
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NewsCoffee#1 up to 40
Coffee#1, the SA Brains-owned brand, will open its 40th site an first in Berkshire, next week
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NewsLas Iguanas secures Leamington Spa site
Las Iguanas, the Bowmark Capital-backed chain, which is assessing its options, has secured a site in Leamington Spa, for an opening later this year
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News
Iberica sets out growth strategy
Ibérica Food & Culture has announced plans to open seven sites over the next three years as it aims to have 10 restaurants operational by the end of 2016
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NewsJW Lees identifies templates for five-year expansion plan
JW Lees currently has a £20m “war chest” to open 15 pubs per year and has identified four operating templates for its expansion, managing director William Lees-Jones has told M&C Report
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News
Chicago Rib Shack secures Clapham site
Chicago Rib Shack, the Rockpool Investments-backed brand, is understood to have secured a site in Clapham for the first site under its full-service format
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NewsAnalyst corner
Mark Brumby at Langton Capital takes a look at yesterday’s first half update from Mitchells & Butlers (M&B) and says that whilst the group’s “performance is a shade soggy, it’s a challenge to put your finger on just why this is the case”
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NewsStarbucks to grow presence in Latin America
Starbucks has announced it is to continue to broaden its presence in Latin America, after signing deals to open its first sites in Colombia, Bolivia and Panama
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OpinionThe Italian Job
Mel Flaherty talks to Carluccio’s chief executive Simon Kossoff about his hospitality journey, the group’s expansion both in the UK and internationally, entering the US, charity work and authenticity
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News
Sussex Pub Group eyes expansion
The Sussex Pub Group, which operates pubs in and around Chichester, West Sussex, is actively looking for further sites with the ambition of adding one new site a year
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News
New vegetarian concept secures first site
Ethos Foods a new fast-casual vegetarian concept, is set to open in London later this year, after securing the Ping Pong site in Eastcastle Street
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NewsLfls up 6.1% at Essenden
Essenden, the ten pin bowling operator, has said trading remains slightly ahead of expectations, with like-for-like sales up 6.1% in the 20 weeks to 18 May
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News
D&D secures Madison site
D&D London has acquired the Madison roof top site at One New Change, St Paul’s, which is valued at between £4-5m