All MCA Insight articles in May 2021 – Page 2
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Analysis & Insight
Inflation expected to increase
Inflation is beginning to return to food and non-alcoholic drinks after months of falling prices, the CGA Prestige Foodservice Price Index reveals.
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News
Growing optimism amid returning footfall
Shaftesbury, the Real Estate Investment Trust, has reported more than 90% of its food & beverage operators have reopened their doors since indoor dining returned on 17 May.
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Analysis & Insight
Lumina Intelligence: Customers praised for positive attitude
Seven in ten operators (72%) have hailed customer attitudes as being good or very good since indoor reopening.
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Interviews
Itsu: ‘Increasing our hot food sales is a key focus’
The pandemic has accelerated Itsu’s move to make hot food a more prominent part of its offer, chief executive, Ganan Kanagathurai has told MCA.
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Interviews
TRG’s Andy Hornby: We will open fewer Wagamamas in city centres
The impact of the pandemic has not dampened The Restaurant Group’s (TRG) ambition to continue to expand the footprint of its Wagamama brand – but it has changed where those restaurants will be located, chief executive Andy Hornby has told MCA.
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News
Stonegate launches multi-unit leadership diploma
Stonegate Group has launched a new Multi-Unit Leadership Diploma, in keeping with the company’s ‘bar to boardroom’ ethos.
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News
Variant guidance creates ‘particular challenges’ for hospitality
New guidance in areas facing increased levels of the Indian variant of Covid-19 is causing new challenges for hospitality business, who are facing queries and cancellations.
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Interviews
Boxpark: ‘The rent situation is a shambles’
The current situation with regards to rent is “like a scene from Monty Python”, according to Roger Wade, chief executive, Boxpark.
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News
Hawksmoor: ‘Recruitment will be a constant process’
The industry continues to face recruitment issues as both uncertainty around reopening and worker displacement persist, Will Beckett, founder & CEO of Hawksmoor told MCA’s The Conversation audience.
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News
Luke Johnson looks again at selling Gail’s
Risk Capital Partners (RCP), led by Luke Johnson, is reportedly looking again at selling its Gail’s bakery business, and has hired financial services firm Nomura to explore options.
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Interviews
NTIA: ‘We were blown away by the lack of regard for the sector’
The government’s plan to give one week’s notice to reopen shows little respect for the nightlife sector, Michael Kill, chief executive of the Night Time Industries Association (NTIA) has told MCA.
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News
McDonald’s announces executive moves
McDonald’s has appointed Gareth Pearson as chief operations officer for the UK & Ireland.
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News
Wingstop invests in UK franchise business
Wingstop the US-listed QSR concept, has announced a minority investment in the UK business, which is operated by Lemon Pepper Holdings (LPH).
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News
Revolution Bars raises £21m
Revolution Bars Group has raised £21m after announcing plans to tap up shareholders for new funds.
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News
Shaftesbury seeing return of footfall in West End
Shaftesbury has reported seeing an encouraging increase in demand for space and lettings, as well as a return of footfall and spend across its locations as the West End begins to bounce back.
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News
Footfall on the up as hospitality continues to reopen
Nationwide hospitality footfall has recovered to 39% of pre-Covid numbers, according to new research.
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News
Confidence returns to hospitality sector
The majority of managed pub, bar and restaurant leaders are optimistic about the year ahead, according to a new CGA survey.
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News
YO! ramps up retail presence with Tesco food to go tie up
YO! has signed a trial agreement to supply pre-packaged food to go products to 390 Tesco stores. The move forms part of the brand’s increasing push into retail, and follows an announcement last month to trial food to go at WH Smith.
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News
Hickory’s reports sales lift as property hunt continues
Hickory’s Smokehouse has reported a strong first week of trading as Covid-related restrictions continue to ease.
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News
CVA approved for Greene King’s Loch Fyne business
Greene King has had a CVA approved by creditors for its Loch Fyne business. It is understood the business was working with restructuring firm Resolve and has now exited leases on 11 of its sites.