MCA News & Insight:
The latest industry developments and trends analysed
A subscription to MCA News & Insight provides you with timely and verified information on the events taking place in the eating and drinking out industry right now, from company and brand updates, to people moves and shifting consumer trends.
No press releases. No third-party advertising. Just high-quality news reports enhanced by analysis from a passionate team of editors and expert contributors.
LATEST EATING & DRINKING OUT NEWS
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NEWS HEADLINES
Richoux board bids to go private
Richoux Group plans to cancel trading in its shares on AIM and re-register as a private company.
Whitbread f&b sales down 2.2% in YTD
Whitbread has delivered its first trading update since the £3.9bn sale of Costa to Coca-Cola, reporting like-for-like sales across its remaining estate down 0.6%.
Patisserie Holdings: Ledgers contained thousands of false entries
Patisserie Holdings is working with KPMG to examine “all options” open to the beleaguered chain after investigations into its accounts revealed the picture was worse than first anticipated.
PizzaExpress to launch spin-off brand, ZA
PizzaExpress is to launch spin-off brand, ZA, next month with an all-dining offer centred around pizza slices, MCA has learnt.
Flat Iron secures £5m funding from ThinCats
Flat Iron, the Piper-backed steak restaurant group, has secured a £5m funding package from ThinCats to support of its growth plans.
Dubai's Grillo to launch as The Peri Experts
The Peri Experts, a healthy-eating chicken concept originating in Dubai, is making its UK debut in Leicester.
The Beer House to launch at Norwich railway station
SSP is launching its pub format The Beer House at Norwich Railway Station, MCA understands.
Chicago Rib Shack shutters two operations
Chicago Rib Shack has closed its Aldgate East restaurant, as well as its kitchen operation within The Gipsy Queen pub in Kentish Town, MCA understands.
Oak Taverns takes on Greene King freehold
Oak Taverns has taken on the freehold of The Bird in Hand pub in Princes Risborough, from Greene King, MCA has learnt.
Lee Ginsberg steps down from Patisserie Holdings
Patisserie Holdings has announced that non-executive director and deputy chairman Lee Ginsberg has resigned with immediate effect.
Bubble & Squid dissolved
Bubble & Squid, the seafood shack concept form Paddy & Scott’s founder Paddy Bishopp has been dissolved, MCA has learnt.
Cabinet row over menu calorie counts
Plans to introduce mandatory calorie counts on menus could be scrapped, after a rift emerged within the Government, reports have suggested this morning.
Analysts corner: Rollo on Whitbread
Morgan Stanley analyst Jamie Rollo gives five reasons to stay positive about Whitbread following its announcement of faltering like-for-like sales in its third quarter.
INSIDE TRACK
The Dom Walsh Awards 2019
Our regular columnist hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse
Waxing lyrical about new GK boss
Yesterday saw the long-awaited revelation of who will replace Rooney Anand as chief executive of Greene King, with Merlin’s Nick Mackenzie set to join as chief executive in May. James Wallin looks at Mackenzie’s background, gauges initial reaction to his appointment and asks what will be at the top of his in-tray.
Cool beans: The growth of speciality coffee
As Department of Coffee and Social Affairs and others make moves in the specialty coffee space, Finn Scott-Delany looks at the scope for growth and consolidation in the market.
The changing face of the high street
As part of our Agenda series of roundtable discussions, MCA – in partnership with the Access Group – brought together property directors from across the sector at Frog by Adam Handling in Covent Garden. Led by James Wallin, here are the highlights from the day.
That was the year that was in M&A
This year has been far from the barren 12 months many predicted for sector M&A activity. Strong businesses with good management teams have continued to generate significant interest, especially in the drinks-led sector. AlixPartners’ Graeme Smith reflects on the major deals and themes that emerged.
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