All MCA Insight articles in May 2023 – Page 5
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NewsFazenda reports record £20m sales
Despite record sales, the South American-inspired operator saw its EBITDA slahed in half due to inflaiton and rising labour costs
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NewsCôte posts £145m turnover
The Partners Group-backed French brasserie brand has embarked on major investment to contemporise the brand and enhance the core estate, while also appointing a new CFO
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NewsGrace Land buys London Fields Brewery site
The London based pub operator will launch new concept taproom and brewery concept Saint Monday at the Hacknew site
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NewsTension builds ahead of TRG crunch meeting
Oasis expressed its “deep concern regarding the equal treatment of shareholders”, while Royal London Asset Management has backed the TRG management team
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NewsC&C counts £21m cost of software challenges
A system upgrade in the Matthew Clark and Bibendum (MCB) businesses in Britain has been “significantly more challenging and disruptive” than envisaged, with an impact on service and profitability
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NewsSales boost of £170m to trade up soft drinks
With around one in three adults saying they rarely or never drink alcohol, Britvic says there are opportunities for licensed venues to re-evaluate their approach to soft drinks and alcohol-free options
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Analysis & InsightBrandwatch: Barburrito
Second in scale in the fast-casual Mexican market, MCA explores Barburrito’s journey, customer perceptions of the brand and whether the acquisition by TRG could give it a new lease of life
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InterviewsM&B: ‘We are very optimistic about the second-half’
With a stronger first half than expected, record high guest scores and cost pressures starting to ease, CEO Phil Urban tells MCA he’s feeling very positive about the future
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NewsPret launches in Luxembourg
The new opening is another step is Pret’s expansion strategy as the brand builds its presence internationally
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NewsTasty appoints new FD
Gordon Browne, who has worked as FD at Oakman Group and Chopstix Group, joins the Wildwood and Dim T operator
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NewsPizzaExpress faces opposition to staff changes
Changes to the way working hours and shifts are allocated has led to criticism from staff and the Unite union
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NewsGreggs announces board changes
Following its AGM, Nigel Mills and Mohamed Elsarky have been appointed as non-executive directors
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InterviewsStonegate: ‘It’s our job to be restless and stay at the leading edge’
In his first major interview since joining Stonegate as CEO, David McDowall sits down with MCA to share his own bar to boardroom journey, his plans for innovating and refreshing across the estate, and why he remains optimistic despite the sector enduring a “bloody hard time”
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NewsAdam Handling Group makes bar director promotion
The bar and restaurant group has promoted Josh Linfitt from his role as bar manager to bar director, overseeing its three existing bars and all future openings
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NewsAqua Restaurants appoints Claire Clarke as new HRD
The former Big Table Group HR director joins the international restaurant and bar group from Flat Iron, where she had worked as interim people director since September
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Analysis & InsightAverage spend declines year-on-year
Rail strikes, the March 2023 budget, and increased consumer confidence all caused volatility in weekly penetration, according to Lumina Intelligence
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NewsFall in vacancy rates is ‘significant’
The number of vacancies in the hospitality sector has fallen by 22% over the past year, according to the latest ONS data – but levels are still 48% higher than pre-Covid
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NewsMeatLiquor to expand through Sessions’ kitchens
Sessions will launch the burger brand for delivery in London locations later this month, with the ambition to bring MeatLiquor to neighbourhoods across the UK by the end of the year.
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InterviewsMarston’s: ‘We have kept going on menu evolution’
With three lemon gins proving a headache for customers, Marston’s CEO Andrew Andrea tells MCA how the pub operator has slashed spirit options by 50% to simplify its drinks offer
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Analysis & InsightDelivery and takeaway sales see slight decline
Sales fell by 1% year-on-year in April, the new Hospitality at Home Tracker from CGA by NIQ has shown, making up 14% of groups’ total sales last month