All MCA Insight articles in May 2022 – Page 2
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NewsJust Eat Takeaway to wipe £5bn off Grubhub valuation
Takeaway giant struggles to sell US arm as markets collapse, reports The Sunday Times
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NewsPaula MacKenzie appointed PizzaExpress CEO
MacKenzie, who left her role as managing director at KFC UK & Ireland in March, will join PizzaExpress on 6 June, and will lead the 10,000-strong team on the next stage of its growth journey
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Analysis & InsightDip in restaurant bookings
Restaurant bookings fell by two percentage points in the week to 22 May, according to Open Table figures, collated by the Office for National Statistics
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NewsLiberation Group acquires two for Butcombe
The Northey Arms in Box, Wiltshire and The Rising Sun in Backwell, North Somerset have joined Butcombe’s estate of pubs and inns in the South West from OHH Pub Company
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NewsFocused policies required to support recovery
The government’s response to the cost of living crisis does little to reduce the pressure on businesses, according to UKHospitality and the Night Time Industries Association
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NewsWingstop secures multi-million pound debt facility
Lemon Pepper Holdings, the master franchisee of Wingstop UK, has secured the facility from Barclays to help faciliate the continued roll out of the brand
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NewsConference launched to support progression of female leaders in hospitality
Plan B, the mentoring platform designed to accelerate women’s representation on boards, is to host its debut conference in October
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NewsOpenings of the week
MCA rounds up the biggest opening news this week, featuring Wagamama, M Restaurants, Inception Group and San Carlo Group
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NewsDishoom appoints new marketing director
Sara Stark has stepped down from her role as marketing and creative director after 11 years at the restaurant business, with former Just Eat marketing director Lucy Milne to replace her
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NewsKFC trials first delivery-only kitchens
The fried chicken giant will open its first delivery-only kitchens in London, with more locations planned to open across the year
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NewsRedCat Pub Company expands coaching inns portfolio
The pub investment vehicle, led by Rooney Anand, has acquired the Castle of Brecon hotel, for its subsidiary The Coaching Inn Group
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Analysis & InsightStay in a Pub reports rise in bookings from overseas
The pub accommodation platform reports 44% of bookings were made from overseas in April and May, compared to 17% pre-pandemic
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NewsKnoops announces 100 site target for UK
The chocolate-focused cafe business is looking to open 10-15 sites this year, as part of wider expansion plans, with its first central London site to open next week
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NewsHostmore reports decline in like-for-like revenue
The Fridays and 63rd+1st operator announced three new sites and a range of measures to mitigate the impact of falling consumer confidence
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NewsBig Smoke Brew Co to extend airport reach
The Surrey-based brewer and pub operator is to open two new sites at Heathrow Airport this summer, in addition to a previously announced site at Luton airport.
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NewsNational rail strike would jeopardise sector recovery
A lack of commuter trains will reduce footfall in towns and cities, damaging already fragile businesses, warned UKHospitality
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NewsFranchising to be core driver of Marston’s growth
The majority of its £1bn sales opportunity will come from repositioning its pub estate and franchise opportunities, including within its Brains estate, CEO Andrew Andrea said
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NewsFoodservice drives profits at EG Group
Gross profit within its Foodservice operations increased by 54% year-on-year, driven by the acquisitions of Leon and Cooplands last year and new openings
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NewsHollywood Bowl sees food revenue up 8.4%
The bowling operator reported a rise in food revenues due to a simplified menu and price reductions
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Analysis & InsightElizabeth line: ‘Tottenham Court Road could become the centre of the West End’
The pandemic has led to an influx of day trippers to the capital and the opening of the Elizabeth line is set to amplify this. MCA assesses what the impact might be on F&B and which locations could flourish.