All MCA Insight articles in May 2023 – Page 7
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NewsPernod Ricard halts all drinks exports to Russia
The brand also recently announced it would stop exporting Swedish vodka brand Absolut to its Russian distribution network, The Financial Times reports
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NewsActivist Coltrane seeks change at TRG
A New York-based investor has called for change at The Restaurant Group after taking a 3% stake, The Sunday Times reports
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NewsGordon Ramsay Restaurants planning Bread Street expansion
The group reported strong sales in the year to August 2022 with a loss of £0.5m, with plans to expand its Bread Street Kitchen brand
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NewsPunch sees half year revenues up, but profits down
The group has reported an uplift in revenue to £158.1m for the 28 weeks to 26 February 2023, with a stronger performance in the second quarter compared to 2022
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Lina Stores, Bunsik, Golf Fang and more
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NewsInterest rates rise will inflict ‘further pain’ on hospitality
Hospitality businesses repaying loans taken during the pandemic will face a significant impact to their viability, UKHospitality has said
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NewsZero Carbon Forum reports significant savings from energy reduction
The non-profit has announced collective member savings of £1.43m in lost profits as a result of its Save While You Sleep campaign
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NewsBreal Capital in talks to buy Black Sheep Brewery
The Yorkshire company, which last week announced its intention to appoint admininstrators, said it had been “hit very hard” by the pandemic and rising costs.
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InterviewsRosa’s Thai: ‘Much of our expansion will be outside London’
The Thai concept has secured new bank facilities totalling £10m as it builds its footprint outside the capital, FD Tsara Taylor tells MCA
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NewsNando’s joins forces with FareShare on employability scheme
The partnership will connect jobseekers with employment opportunities across Nando’s restaurants throughout the UK and Ireland.
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NewsBusaba making move into breakfast
The Thai restaurant chain is to trial a breakfast menu at three of its sites from next month with a view to rolling it out to the wider estate.
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InterviewsJane O’Riordan: ‘Being people centric is critical’
People are a business’ most precious asset and must be looked after, particularly in today’s tough labour market, the chair of Turtle Bay, Red Engine and Caravan tells MCA.
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NewsStonegate’s Suzanne Baker to step down as commercial director
Baker has announced her intention to retire from her current role and will take on a role on the board as a non-executive director.
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Analysis & InsightFoodservice price inflation under 20% for first time in five months
There has been an easing in the price of key commodities, including dairy, according to the latest CGA Prestige Foodservice Price Index.
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Analysis & InsightPopeyes leads outlet growth in QSR
The Louisiana fried chicken concept is expected to grow by 126% in 2023 to reach 34 sites
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NewsTRG’s largest shareholder ‘remains supportive’
Columbia Threadneedle Investments, which owns a c16.7% stake in The Restaurant Group, issued a short statement in support of the company after criticism from activist investors
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NewsDavid Campbell joins Ole & Steen parent company
The former Wagamama and Pizza Express CEO has been appointed to chair Danish Bake Holding as it looks to expand the bakery brand across Denmark, London and New York
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NewsWendy’s focuses on drive-thrus to build UK footprint
Wendy’s first UK drive-thru is performing ahead of expectations, with the format being a key driver for its growth, according to CEO Todd Penegor
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NewsBig Fang plans plots six more sites
The Imbiba-backed concept is preparing to launch its seventh site on Nottingham’s Daleside Road
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InterviewsLiberation Group: ‘Drink is really coming back’
CEO Jonathan Lawson speaks to MCA about a return to pre-Covid drinking behaviours, driving higher EBITDA per pub, and enhancing the food and drink offer at the Cirrus Inns estate