All MCA Insight articles in May 2023 – Page 9
-
NewsBurger King US store closures
The fast food giant had 6,964 locations across the US at the end of March 2023, but plans to close 300 to 400 underperforming restaurants in America in 2023, the Daily Mail reports
-
NewsSubway’s US restaurant locations hit lowest level since 2005
The brand closed 571 restaurants in America in 2022 and operates more than 20,000 across the country, Business Insider reports
-
NewsPub shares tipped for a royal boost from the Coronation
Analysts predict Fuller’s, Mitchells & Butlers, J.D. Wetherspoon and Fever Tree will do well out of the special Bank Holiday weekend
-
NewsAB InBev blames social media ‘misinformation’ for backlash against Bud Light
The best-selling US beer has been hit by a rightwing boycott following a promotion by transgender influencer, the Financial Times reports
-
NewsAnger over Hornby’s pay mounts
The activist investor seeking an overhaul at The Restaurant Group has won the backing of an influential shareholder advisory group in protesting at chief executive Andy Hornby’s pay package, The Times reports
-
NewsPrezzo tells creditors to swallow a slice of its £70m liabilities
The Italian chain is facing liabilities totalling £70 million as a result of losses sustained by the 47 unprofitable restaurants it closed last month, The Times reports
-
NewsSSP expands into US with Midfield deal
The acquisition will add $100m ((£79m) to the travel concession group’s top-line revenue
-
NewsOpenings of the week
Arc Inspirations, Fat Hippo, Sticks ‘n’ Sushi and the reopning of the Bellanger are among the top stories this week
-
NewsInnovative customer experiences at The Pub Conference
The leaders of Laine Pub Company, The Alchemist, Darwin & Wallace and Inception Group will discuss the experiential elements of their venues
-
NewsOpening hours extended for £350m Coronation weekend
Licensed premises in England and Wales will be able to remain open until 1am throughout the long weekend
-
OpinionDavid Read: Winds of change for HFSS foods
Tougher controls on food high in sugar, fat and salt will prove irresistible to an incoming government amid spiralling public health spending on obesity, Prestige Purchasing chairman David Read argues
-
Analysis & InsightLondon sees footfall bounce back
London has improved its standings in the latest Top Cities table from CGA by NIQ and Wireless Social, following a bounce back in office workers and visitors to the capital over the first quarter of 2023
-
NewsPrice of fish and chip takeaway up by a fifth
The average cost of the popular takeaway dish is now £9, with the price of oil, potatoes and battered fish having rocketed over the past 12 months
-
NewsWolfox to expand Pelicano Coffee
Brighton & Hove cafe and restaurant group Wolfox acquired Pelicano at the end of last year, giving it a colleciton of nearly 30 sites
-
NewsKFC UK & Ireland grows share of sales
Yum! Brands’ UK KFC business now accounts for 7% of all systemwide KFC sales - up 5% in the first quarter ended 31 March 2023.
-
NewsTips Bill due to come into force next year
A new law designed to ensure hospitality staff receive all the money left to them in tips by customers will likely come into force in 2024, the government has announced.
-
InterviewsTossed: ‘London isn’t back to where it used to be’
With the capital’s secondary streets still relatively quiet, Tossed MD Neil Sebba tells MCA that location is everything, even if that means new sites are more expensive to acquire
-
NewsDomino’s achieves strong like-for-like growth
The pizza delivery business reported like-for-like sales growth of 10.7% for Q1 2023, excluding the change in the VAT rate, with momentum continuing in the second quarter. On the back of continued confidence it has announced a new £20m share buyback programme.
-
NewsNQ64 secures £10m facility for share buyback and expansion
The arcade bar operator has secured support from alternative lender ThinCats to buyback Imbiba’s minority shareholding
-
Analysis & InsightAnalysts find ‘strong progress’ at TRG
There was a positive reception to The Restaurant Group’s latest trading figures, cost savings, accelerated disposals in Leisure and increased rollout of Wagamama