All MCA Insight articles in May 2023 – Page 3
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Turtle Bay, Pizza Pilgrims, Empire Empire, and more
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OpinionPeter Martin: Making friends with farmers
A new initiative exploring ways for agriculture and hospitality to work more closely together could ease retail’s dominance of the food supply chain, Peter Martin argues
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InterviewsPoke House: ‘Investment will kickstart UK expansion’
The international poke brand is looking to build on the nine locations it has in London, including new sites in the suburbs, its UK co-country head tells MCA
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InterviewsGravity: ‘We’re expecting to see turnover double’
The retail, entertainment, and leisure concept plans to open a further 10 UK sites and expects to see turnover double from 2019 levels, chief growth officer Michael Harrison tells MCA
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NewsNew government skills fund set to benefit hospitality
Launched by the Department for Education, the new £165m fund is designed to transform skills training in local areas and help get more people into jobs closer to where they live.
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NewsSector struggles to absorb stubbornly high food inflation
Food and drink inflation remains at 19.1% despite the drop in CPI to 8.7%, causing concern in the sector over the cost burden
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NewsYoung’s overcomes cost pressures to deliver profit growth
Revenues increase 19.4% to £368.9m, boosted by sunshine, the winter World Cup, and the recovery of the City and central London
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Analysis & InsightLondon workers go to office 2.3 times a week
Centre for Cities reports that while the capital has embraced hybrid working, the longer term economic impact of this shift remains uncertain
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Analysis & InsightMenu prices up 10.3%
Lumina Intelligence’s latest Q1 Menu Tracker reports restaurants, pubs and bars are introducing new, more expensive menu items
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InterviewsLina Stores to launch own brand coffee and move to all-day offer
With an 80-year legacy behind the brand, MCA speaks to COO Éadaoin McDonagh about Lina’s upcoming sites, making the move into breakfast, and going international
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Analysis & InsightEquity, diversity, & inclusion in hospitality: the way forward
With a long way to go before diversity in boardrooms matches the diversity in the kitchens, MCA speaks to the operators and the experts about advancing inclusion in the workplace
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Analysis & InsightLondon sees continued recovery in sales
Managed restaurant, pub and bar groups in the capital achieved year-on-year sales growth of 10.4% in April 2023, just ahead of inflation, the latest Coffer CGA Business Tracker has shown.
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NewsRare Restaurants achieves 30% rise in like-for-likes
The 23-strong restaurant group reported a 38% increase in group turnover in the year to 1 January 2023, versus 2022, with several new openings over the period
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NewsCanadian concept Pokerrito gears up for UK launch
Doug Williamson, former MD for Esquires Coffee, has said the pan-Asian QSR concept is preparing to open a flagship store in London
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NewsIn pictures: NWTC launches new North Light concept
New World Trading Company has opened a North Light venue in Chester, offering all-day dining and cocktails
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InterviewsBoom Battle Bar: ‘The aspiration is to open many more’
Richard Harpham, CEO of parent company XP Factory speaks to MCA about the long-term growth plans for concept, the development of its food offering and why Boom Battle operates in a sweet spot
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NewsInflation falls to 8.7%
Food and beverage prices continued to rise, seeing an increase of 1.4% between March and April, while restaurants and hotels saw an annual inflation rate of 10.2%
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NewsSSP sees travel volumes continue to recover
The company said despite the macroeconomic uncertainty, the travel food and beverage sector will remain “structurally resilient” to pressures on consumer spending
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NewsRobert Cook joins Imbiba advisory board
The former Hostmore CEO stopped down from the listed TGI Fridays operator earlier this year
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NewsWimpy UK sees 6% rise in revenue
The fast food chain, owned by South African company Famous Brands, achieved revenues of approximately £5.9m in the year to 28 February 2023