All MCA Insight articles in May 2021 – Page 6
-
News
Job adverts and spending both up for hospitality
There has been a sharp rise in the number of hospitality job adverts, with online ads pushed up by the reopening of pubs and restaurants last month, The Times has reported. On 7 May the number of job adverts for roles in hospitality had increased by 46 percentage points since ...
-
News
Jeremy King: ‘Much of the sector is on the precipice of failure’
While the reopening of indoor dining is good news for operators, it will be against a background of “much of the hospitality sector remaining on the precipice of major failure”, according to Jeremy King, co-founder and CEO, Corbin & King.
-
News
Capdesia pumped £10.8m into Wasabi last year
Wasabi’s backer Capdesia invested a further £10.8m into the business last year, in order to ensure it could meet its financial obligations and was well placed to invest in future growth post-pandemic.
-
Interviews
M&B’s Bob Ivell: ‘We have been at the mercy of the government’
Unlike the economic damage done by recessions, the hospitality has had no control over its destiny during the pandemic, according to Bob Ivell, non-executive chairman at Mitchells & Butlers (M&B), and winner of the Lifetime Achievement Award at MCA’s Retailers’ Retailer Awards.
-
News
Drake & Morgan to enter CVA, three sites to close
Drake & Morgan, the bar and restaurant group with sites in London, Manchester and Edinburgh, is entering into a Company Voluntary Arrangement (CVA).
-
News
Giggling Squid continues expansion
Giggling Squid, the BGF-backed Thai restaurant chain, is to open a 3,800 sq ft restaurant at Aquila Holding’s Bond Street mall in Chelmsford.
-
News
Moët Hennessy: ‘Consumers are trading up’
Moët Hennessy is anticipating a “post-Covid renaissance” as consumers flock to newly reopened bars and restaurants and opt for premium brands to celebrate.
-
News
Mercers’ signs all-day bar Where’s Fred
Speciality coffee shop concept District is launching a spin-off bar and restaurant concept Where’s Fred’s in the City of London.
-
News
McDonald’s to relaunch dine-in with table service
McDonald’s has confirmed it will begin to bring back eat-in from Monday (17 May), as lockdowns in England and Wales ease.
-
News
Wendy’s: ‘UK consumers are ready for us’
Wendy’s is speaking to 20 potential franchisees in the UK about its expansion ambitions.
-
News
Calorie labelling to be required from April 2022
Large businesses, including cafes, restaurants and takeaways, will be required to display the calorie information for food and soft drink items from April 2022.
-
Analysis & Insight
Concern over residual restrictions
A vast majority of operators (95%) are encouraged with reports that the government will drop its one-metre plus social distancing requirement in hospitality, Lumina Intelligence’s Hospitality Leaders Poll reveals.
-
Interviews
BrewDog: ‘Don’t do marketing, do good’
For a business the scale that BrewDog is now, it’s ability to change things up and head full throttle into new initiatives is impressive.
-
News
Boparan to trial three new concepts with Sainsbury’s
Boparan Restaurant Group has gone into partnership with Sainsbury’s to test two new Carluccio’s concepts, and a multi-brand offering.
-
News
Welsh government confirms reopening and extra support
The Welsh government has confirmed that six people from up to six households will be able to meet in pubs and restaurants from 17 May.
-
News
Government ditches plans for calorie labelling on drinks
The government has apparently dropped plans to impose calorie labelling restrictions on hospitality businesses, for both draught and pre-packaged drinks.
-
Interviews
Grind: ‘Retail coffee has subsidised our business’
Coffee shop, bar and restaurant operator Grind has taken on millions of pounds of debt, which will need to be paid back at some point, but the business is in a good position despite the past year being extremely tough, founder and CEO David Abrahamovitch has said.
-
News
Indoor alcohol service to resume but calls for end to curfew in Scotland
Pubs, bars and restaurants in Scotland will be able to serve alcohol indoors from 17 May after First Minister for Scotland Nicola Sturgeon confirmed that mainland Scotland, and some islands, would be moving into level two on that date.
-
Interviews
Hugh Osmond: ‘Operators must tell their MPs about the rent debt crisis’
Every hospitality operator should email their local MP about the current situation with rent debt to ensure the government grasps the full extent of the problem, implored Hugh Osmond, director at Various Eateries.
-
News
Nightcap raises £10m through share placing
Nightcap has raised £10m through a share placing in order to further its investment strategy and to roll out its recent acquisition – Adventure Bar Group (ABG).