By M&C Report team2007-12-01T18:58:00+00:00
Mitchells & Butlers has reported like-for-like sales were 97% of pre-Covid levels, in the 18 weeks since 17 May, with the most recent eight weeks up to 104%.
UberEats’ Sunjiv Shah says delivery has turned from a once in a while treat into habitual behaviour, with the market reaching a value of £11bn last year.
Mitchells & Butlers is seeing ”signs of improvement” in trading following the easing of restrictions from July 19. Sales have been “volatile” since May 17, experiencing strong sales during the first five weeks, followed by slower than average trading, with city-centre sites most impacted.
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The availability of capital for those looking to expand will be discussed in this special panel at MCA’s flagship conference.
The 2 Sisters boss warned the cost of chicken could rise 10% as the sector faces rising costs for wages, energy and carbon dioxide.
The latest opening in Ringwood forms part of Loungers ongoing expansion, taking its total estate to 181 sites.
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