All MCA Insight articles in May 2021
View all stories from this issue.
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NewsGreene King extends available loans to £1.5bn
Greene King reports it remains well capitalised, with the upsizing of its revolving loan facility increased financial flexibility from parent company CKA Holdings to £1.5bn.
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NewsUKH warning over £2.5bn rent debt
Ahead of submitting its formal evidence, UKHospitality has written to the government urging it to adopt its proposals to help tackle the £2.5bn rent debt crisis that threatens to wreck the hospitality sector’s recovery and risks further widespread job losses.
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NewsHigh Court rules against Lord and Osmond
The High Court has ruled in favour of the government in the case brought by Sacha Lord and Hugh Osmond.
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NewsAsahi acquires Allpress Coffee
Asahi has acquired Allpress, the speciality coffee company with a presence in the UK, New Zealand Australia, Japan and Singapore.
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NewsNightcap acquires Adventure Bar Group
Nightcap, the recently formed bar and late-night group, has secured its second acquisition with an agreement to buy Adventure Bar Group, the operator of Bar Elba, Blame Gloria, Luna Springs and Tonight Josephine.
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NewsGrosvenor backs JKS concept
Landlord Grosvenor has announced its first investment in a new tenant, with a loan to JKS Restaurants’ latest concept, Bibi, at 42 North Audley Street in Mayfair.
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NewsByron owner snaps up Mother Clucker
Fried chicken brand Mother Clucker has been acquired by Famously Proper, the owner of Byron.
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NewsIsland Poké to treble UK estate with new franchise partners
Island Poké has signed up its first two UK franchise partners, with a planned development pipeline of 23 new sites over the next five years – three times its current UK footprint.
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InterviewsAsahi: ‘People are being more moderate with their alcohol intake’
It’s an interesting sign of the times when the director of a major alcohol supplier talks at length about moderation.
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Analysis & InsightProperty focus: Race to the suburbs?
Is there really a race for space in the suburbs and market towns? And what other factors are driving the current property market? MCA deputy editor Georgi Gyton takes a look at the current landscape and how it might play out over the coming months
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NewsZero Carbon Forum names advisory board line-up
Non-profit organisation Zero Carbon Forum (ZCF) has appointed a new advisory team to act as a collective voice for the hospitality sector in its mission to define and implement a roadmap to net zero emissions.
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NewsPubs poised to bring back drinking at the bar
Senior leaders at some of the UK’s biggest pub companies are gearing up for customers to be able to drink at the bar from 21 June, the Telegraph has reported.
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NewsOutlook still challenging for listed hospitality companies
The outlook for UK-listed hospitality companies remains challenging despite a decline in profit warnings of 90% during the first three months of 2021, according to the latest analysis by EY-Parthenon.
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NewsMark Robson made COO at Red Lion Holdings
Recently formed pub investment group Red Lion Holdings (RLH) has appointed Mark Robson, founder and current managing director of Red Mist Leisure, as its new group chief operating officer.
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NewsPret found not guilty of food safety offence
Pret A Manger has been found not guilty of a food allergy offence, dating back to 2017, in which Isobel Colnaghi suffered a severe allergic reaction from a sandwich containing sesame.
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NewsNicholls warns to be wary of political spin
Positive signs about the removal of social distancing measures reported in the national press last weekend should be viewed alongside a note caution, warned Kate Nicholls, chief executive, UKHospitality - but there is cause for optimism, she said.
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InterviewsHawthorn: Listed space ‘remarkably resilient’
Hawthorn kicked off its IPO roadshow yesterday, with CEO Mark Davies telling MCA public markets were “as hot as they have been since 2011”.
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InterviewsBrewDog: ‘We need to promote hospitality as a brilliant career’
The hospitality sector needs to do more to promote itself as place that people can build a successful career, according to BrewDog president and COO David McDowall.
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NewsRed Lion: ‘We have a healthy pipeline of sites’
Red Lion Holdings (RLH) has got a “really healthy pipeline” of sites for both its Red Mist Leisure and Grosvenor Pubs & Inns businesses, new group chief operating officer Mark Robson told MCA.
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Analysis & InsightDinners down as consumers enjoy daytime drinks
Average spend on eating and drinking out fell last month, but participation rose, as the hospitality partially reopened.