All news articles – Page 449
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NewsThe Highs and Lows of Promotions
In recent weeks I have looked into various elements of economising behaviour by consumers, including targeting low prices and more spending at weekends as opposed to weekdays, today’s focus is on the widely prevalent, yet potentially damaging, practice of promotional activity. Key questions asked include whether its usage is rising, who’s buying into the offers the most and what are the most popular promotion types. The core focus area is the key dinner day-part within the chain restaurant sector and the source of answers is MCA’s consumer tracking service, the Eating Out Panel.
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NewsTavistock Hospitality MD Mark Hird dies aged 47
Mark Hird, founder and managing director of Tavistock Hospitality Group, passed away on Tuesday (3 December) after a long battle with cancer.
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NewsMowgli sets sights on the south coast
Indian street food restaurant group Mowgli is looking at locations including Newcastle, Preston, Bath, Brighton and Coventry as part of its expansion plans for next year and beyond.
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NewsNusa secures £300k investment
Nusa Kitchen, the Singapore soup concept, has raised £300,000 investment towards its growth plans, CEO Hubert Zanier has told MCA.
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NewsStonegate/EIG deal ‘could damage competition in 51 local areas’
Stonegate Pub Company’s proposed £3bn purchase of Ei Group does not raise UK-wide competition concerns but could damage competition in 51 local areas, the Competition and Markets Authority (CMA) has said.
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NewsGail’s Bakery pre-tax profit up 10% to £1.1m
Gail’s, the artisan bakery chain backed by Luke Johnson, has reported turnover up 18.4% to £47.6m in the year ending 28 February 2019.
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Robinsons acquires Individual Inns
Robinsons Brewery has acquired six-strong pub operator Individual Inns, in a deal which boosts its managed estate to 20 sites.
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NewsPeter Marks: ‘Eden is not where we want it to be’
The Deltic Group’s new Eden concept is “a work in progress”, chief executive Peter Marks has told MCA – but the plan is to expand it once the kinks are ironed out.
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NewsA successful restaurant story – Nando’s
How about this for a straightforward, five point recipe for scalable restaurant success? Step 1, target the highest eating out frequency demographic with a highly affordable offering. Step 2, develop a distinctive proposition that avoids imitating any direct competitor. Step 3, keep the product offer tight to support consistent product quality. Step 4, develop a format strategy that works across multiple locations while not overpaying for sites. Step 5, work hard on building loyalty and repeat custom.
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NewsJo Fleet named ‘unsung hero’
Flat Iron, Wagamama, Caravan and Lina Stores were among winners at Restaurant magazine’s R200 Awards held in London last night (4 December).
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NewsLoungers: ‘We see further opportunities in the evenings’
Loungers sees further opportunities to boost its trade in the evenings, particularly when it comes to drinks sales, chief executive Nick Collins has told MCA.
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NewsUrban Village takes on former Epic pub
Urban Village Pub Company has acquired former Epic Pub Company site, 185 Watling Street Pub & Kitchen in Towcester.
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NewsAnstey departs Joffe family business
Joffe family mainstay Sam Anstey has resigned as operations director to peruse new opportunities, MCA understands.
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NewsMarket Taverns acquires The Cleveland Arms
London pub operator Market Taverns has acquired The Cleveland Arms in Paddington for its sixth site.
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NewsSummer weather masked localised trading issues at Deltic
The Deltic Group saw a 4.7% hit to like-for-likes for the full year to 23 February 2019, in what it described as a “tough year for the company”.
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NewsKFC ads banned over ‘cluck’ row
Two print ads for KFC have been banned after the ASA agreed with complaints that it had substituted the word ‘Cluck’ for ‘Fuck’ during a recent campaign. A poster displayed at bus stops and other locations during September featured the phrase “What the cluck?! £1.99 fill up lunch” while print ads in the Metro and the Sun were identical except one featured the elongated word “cluuuuuck”.
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NewsAnother Deliveroo ad banned for misleading customers
The ASA has banned a recent Deliveroo TV ad for misleading consumers. The ad showed a woman receiving a Deliveroo order to her home, then handing out meals from various restaurants to her family and friends from a single bag, calling out “Chinese, KFC, Wagamama, Greek salad, Pizza Express, Burger King, Five Guys, Doner, Buon Giorno Italiano, prawn crackers…” before disappearing into the bag.
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NewsTripAdvisor’s TheFork acquires Bookatable
TripAdvisor subsidiary, TheFork, has acquired restaurant booking app Bookatable from the Michelin Guide.
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NewsLussmanns to launch first site outside of Hertfordshire
Lussmanns Sustainable Fish and Grill is to open its sixth site in Oxford in Spring 2020.
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NewsLoungers like-for-likes up 5.4%
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.