All MCA Insight articles in May 2019 – Page 8
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Analysis & InsightSector cannot stomach further minimum wage hikes
Significant increases to the National Minimum Wage (NMW) and National Living Wage (NLW) could have a devasting effect on the sector, those in the industry have argued.
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NewsPret boosts board with trio of non-exec appointments
Pret A Manger has boosted its board with the addition of three new independent non-executives, including Tim Smith, chairman of its Food Advisory Panel, as it looks to increase its presence “in Europe and beyond”.
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Analysis & InsightAmazon gives Deliveroo 'capital and kudos'
Does Amazon’s $575m lead investment in Deliveroo represent more than just capital? MCA’s Finn Scott-Delany looks at the potential synergies of the partnership, and the implications for restaurant brands. With commentary from MCA’s Steve Gotham, CGA’s Karl Chessell and YFood’s Nadia El Hadery.
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OpinionAnalysts corner: Mitchells & Butlers
Ahead of its H1 results this Thursday, analyst Goodbody offers up its thoughts on what we could see from the pub, bar and restaurant operator’s update.
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NewsDeltic’s new concept could be rolled out further
Deltic Group chief executive, Peter Marks, has told MCA that the group’s new concept Eden could be rolled out further if it proves successful at the former Tiger Tiger sites.
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NewsBuff & Bear has potential for up to 12 sites
Former Geronimo Inns managing director Ed Turner is looking to expand his Buff & Bear Saloons business to achieve a small independent group with a maximum of 12 pubs, MCA has learned.
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OpinionRohit Chugh on new concept Bambusa
Rohit Chugh, former managing director of The Cinnamon Club and the founder of Roti Chai in Marylebone, has moved into the fast casual sector with the opening of his third London restaurant Bambusa. He speaks to BigHospitality’s James McAllister.
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Analysis & InsightRate of decline for wet-led pubs slows
The long-term clear out of unsustainable wet-let pubs and bars appears to be nearing its end – in part reflecting the recent success of compelling premium drinks offers and getting the balance right with food, the latest market snapshot from CGA and AlixPartners indicates.
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Analysis & Insight'Only 7% of Gen Z regularly goes clubbing'
Just 7% of Generation Z (18-24-year-olds) regularly go to clubs, compared to 30% of millennials (25-34s), according to research by digital start-up BLACKBX. Meanwhile 46% of Generation Z consumers said they had a local pub, compared to 85% of millennials. The survey of 2,000 people found 38% only try new ...
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News
Laura's London launches Seedrs campaign to fund café roll out
Premium cake and catering studio Laura’s London has launched a crowdfunding campaign on Seedrs, to help kick-start a roll-out of cafes.
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NewsJamie’s Italian calls in administrators
Jamie Oliver Restaurant Group has confirmed it has appointed KPMG as administrators of its Jamie’s Italian business in the UK.
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NewsMOD Pizza looking to divest Leicester Square site
MOD Pizza has appointed Savills to market the leasehold interest of its site in Leicester Square.
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News
Britvic says levy is driving thirst for low-sugar products
Britvic has said the sugar levy has accelerated the UK consumer trend towards low and no sugar products.
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NewsMatthew Clark recovery plan moves to next stage
C&C Group has updated on the integration of the Matthew Clark and Bibendum distribution businesses just over a year on from their acquisition out of administration.
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News
Wagestream raises £40m
Wagestream, which provides flexible payroll solutions for Roadchef, Stonegate and Wagamama, has raised $51m (£40.1m) in series A funding.
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NewsTruman’s secures new brewery site in Walthamstow
Truman’s brewery has revealed plans to open a new brewery and taproom in Walthamstow.
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NewsBeds & Bars focuses on expansion abroad
Beds & Bars, the hostel and bar operator, is focusing its expansion ambitions on mainland Europe as it finds its UK business increasingly hamstrung by UK taxation and red tape, the company has warned.
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News
Home Office yet to commit to Late Night Levy consultation timescale
The Home Office has refused to commit itself to a timing on changes to the Late Night Levy system in England and Wales despite reports it planned to go out to consultation this spring. The existing framework has been hugely unpopular among local authorities since the Government brought it in ...
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News
Lucky Voice looking to open three sites in three years
Lucky Voice Karaoke is looking to capitalise on the popularity of competitive socialising and has plans to open at least one venue per year for the next three years, MCA has learnt.
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NewsMiddletons eyes steady expansion in wake of casual dining fallout
The fallout from the casual dining crisis is resulting in more cost-effective property opportunities for Middletons Steakhouse & Grill, as it eyes slow and steady expansion of its estate.