All news articles – Page 346
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NewsPheby Food Concepts Group lines up nationwide roll-out
Wok & Go parent company Pheby Food Concepts Group plans to open 170 new sites over the next five years, founder Des Pheby has told MCA.
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NewsVarious Eateries obtains £2.5m BII payout
Various Eateries has received an interim payment of £2.5m under its Business Interruption Insurance (BII) policy and is in negotiations regarding additional claims.
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NewsRetailer’s Retailer finalists revealed
We are delighted to announce the finalists for MCA’s Retailer’s Retailer of the Year Awards 2021, with voting now underway.
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NewsDiageo pivots to UK retail
Diageo grew net sales by 2% in Britain, with growth in retail more than offsetting declines due to restrictions and closures of pubs and bars, in Q2 2020.
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NewsBritvic drives at-home sales
Britvic has reported adjusted revenues were down 5.8% to £328.1m in the three months to December 2020.
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NewsFever-Tree grows global trade amid home decline
UK revenues at Fever-Tree declined by 22% to £103m in 2020, though this mostly was offset by growth in Europe and the US, leading to a more modest global decline of 3%, and total revenues of £252m.
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NewsDeliveroo appoints ex-Amazon VP to exec team
Deliveroo has further strengthened its executive team with the appointment of Eric French, formerly of Amazon, as chief marketplace officer.
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NewsBrewDog eyes Wapping Power station for brewpub concept
BrewDog is hoping to turn a former industrial unit into a new brewpub concept, MCA understands.
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NewsOakman raises £3.6m, lines up Harpenden freehold
Oakman Inns and Restaurants has lined up a substantial freehold site in Harpenden, with further announcements expected in relation to a number of negotiations currently taking place.
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NewsHospitality to remain shut until May - report
Pubs and restaurants will remain shut until May, under a three-stage government plan to ease restrictions, The Telegraph reports.
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NewsThunderbird secures former Bryon Earls Court site
Thunderbird Fried Chicken has secured its fourth bricks and mortar site, which CEO Paul Gilchrist told MCA was the first under its revamped brand identity.
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NewsMyers and Ramsay acquire Red Mist Leisure under new pub vehicle
Former Busaba CEO Jason Myers and sector investor David Ramsay have formed a new pub investment vehicle, Red Lion Holdings.
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NewsHospitality ‘not a huge risk’ for transmission
Hospitality “certainly isn’t a huge risk” when it comes to transmission of infection, public health officials have told parliament.
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NewsDemand for rural and coastal pubs on the up
Investor appetite for pubs remains healthy with many buyers undeterred by the impact of the pandemic, according to Christie & Co’s Outlook 2021 report.
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NewsFreehold pub values down 35%
Average freehold pub prices have fallen by 34.7% post-coronavirus, according to Fleurets’ Survey of Pub Prices 2020.
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NewsSunak says more support to be revealed in Budget
Chancellor Rishi Sunak has said that extra economic support is on the way but warned that the economy will get worse before it gets better.
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NewsTim Martin nets additional £50m in further share sale
JD Wetherspoon chairman Tim Martin has sold 4.37m of the Company’s ordinary shares, at a price of £11.50, netting him £50m, but reducing his holding in the company to 21.88%.
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NewsRosa’s to make Birmingham debut
Trispan-backed restaurant concept Rosa’s Thai Café is the latest brand to announce opening plans in Birmingham’s Paradise project.
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NewsJoin us at the 2021 Restaurant Conference – streaming live this morning
MCA’s 2021 Restaurant Conference is being streamed live this morning (9.30am-1pm), featuring an agenda packed with senior figures from the hospitality sector.
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NewsCafé concept Gastrono-me poised for expansion
All-day café concept Gastrono-me has initiated plans for a multi-site expansion over the next three years.