All MCA Insight articles in May 2022 – Page 5
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InterviewsVagabond sees ‘a lot of road ahead’ for expansion
The wine concept’s Heathrow debut will prepare it for nationwide, and eventually global expansion, founder and executive director Stephen Finch told MCA
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NewsPCA publishes new-style quarterly report
The new report gives a picture of progress over time and provides comparisons to the previous quarter and total for the year, with the number of open cases falling by 20 since the last quarter
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NewsMarston’s reports return to operating profit
The pub operator announced stable trading, with like-for-like sales nearly back to pre-pandemic levels
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NewsRick Stein Restaurants launches flexible career scheme
The initiative offers flexible and part-time applicants the same benefits without any commitment to hours or shifts worked
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InterviewsPopeyes: ‘We made a decision to show up big’
In his first interview, UK CEO Tom Crowley talks to MCA about Popeyes’ ambitious rollout plans, and how viral marketing is bolstering an already high level of brand awareness
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Analysis & InsightInflation hits 9% in April
The rise has predominately been driven by the increase in gas and electricity prices, with the restaurant and hotel sector contributing a 0.11 percentage point rise to the Consumer Prices Index
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OpinionPeter Martin: What’s wrong with working from home?
People have previously been spending considerable amounts of time and cash on getting to and from work – both of which could instead be spent on eating and drinking out, argues Peter Martin
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NewsFood props up sliding drink sales at M&B
Mitchells & Butlers reported like-for-like growth of 1% in the 28 weeks to 9 April 2022, versus FY19, with encouraging signs of sales recovery in its city centre sites
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NewsMcDonald’s to launch on Deliveroo UK
The fast food giant has announced an expanded global partnership with the delivery aggregator
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NewsChopstix partners with Haven
Chopstix has partnered with UK holiday operator Haven to open sites within its holiday parks.
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NewsDishoom announces Canary Wharf opening
Dishoom has announced it will be opening a new restaurant on Water Street in Wood Wharf later this year - its sixth site in the capital
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NewsGreggs ‘desperate’ to open more transport hubs
Roger Whiteside, who steps down as CEO later today, said even if numbers in London never return to normal, the capital would still be busier than anywhere else
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NewsMcDonald’s announces exit from Russia
McDonald’s will sell its portfolio of restaurants in Russia and exit a major market for the first time, CEO Chris Kempczinski announced in an email
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NewsVagabond Wines to open first airport site
The £1.2m invesment will launch at Heathrow Aiport on 19 May and add to the wine bar’s estate of 10 sites
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NewsC&C sells stake in Admiral Taverns
The Bulmers supplier disposed of its minority interest in the pub company for £55m to Proprium Capital Partners
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Analysis & InsightManaged operators see growth levels fall to +2%
While restaurant and bar sales grew last month, the dip in overall growth suggests the impact of inflation is trickling down to consumer spend, according to the latest Coffer CGA Business Tracker
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Analysis & InsightNFTs and the tokenisation of hospitality
As non-fungible tokens make their way into hospitality, MCA examines their value as a source of revenue and considers the risk associated with the digital assets
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NewsPrezzo builds out senior team
Dean Challenger has been appointed to the role of CEO, having previously served as chief operations officer and finance director
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NewsBank of England warns of ‘apocalyptic’ food price rises
Prices are rising at the fastest rate in 30 years, with a risk of double-digit inflation before the end of the year, Bank of England governer Andrew Bailey told MPs
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InterviewsMcDonald’s futureproofs business for omnichannel world
Chief operations officer Gareth Pearson tells MCA how its £250m restaurant remodelling programme comes in response to the business changing shape significantly