All MCA Insight articles in November 2013 – Page 15
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NewsBath Ales to operate Colston Hall sites
Bath Ales and Colston Hall have have announced that they will be joining forces to create a locally inspired Café Bar and restaurant destination within the South West’s leading concert hall
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NewsStarbucks launches first store on a train
Starbucks, the coffee shop behemoth, has teamed up with Swiss Federal Railways (abbrevated as SBB in German) to launch the first Starbucks store on a train
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NewsOrchid reports impressive ROI
One year on from the start of its company-wide £20m investment programme Orchid Group, in which private equity and trade buyers are showing an interest, has reported impressive returns across its estate
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NewsNando’s to make airport debut
Nando’s, the peri peri chicken chain, is to open its first airport site after agreeing to open at Gatwick’s South Terminal in summer 2014. The c280-strong company will open a 5,900sq ft, 200-cover restaurant at the airport
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NewsPunch wins business award for lease agreement work
Punch Taverns was announced Business Enabler of the Year at the National Business Awards at the Grosvenor House in London last night
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NewsDomino’s appoints new CFO
Domino’s Pizza Group has announced the appointments of Sean Wilkins as chief financial officer designate and David Wild as non-executive director of the company
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City Pub Co FY turnover to reach £7m; reveals acquisition targets
City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, expects turnover to reach £7m in 2013 and is targeting seven acquisitions under its forthcoming £10m fundraising drive, co-founder Clive Watson has told M&C Report
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Orange Leaf eyes UK debut
Orange Leaf, the fast-growing, US-based frozen yoghurt operator that runs more than 300 sites in America, is looking to launch in the UK, a company spokesman has told M&C Report
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NewsEnterprise tells Government it will cap drink price rises
Enterprise Inns has made a pledge to the Department of Business Innovation & Skills (BIS) that it will implement a cap on tied price rises
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Evan Evans to set up new pub vehicles
Evan Evans, the South Wales brewer and pub operator, is to set up three separate companies as vehicles for future pub acquisitions, M&C Report has learnt
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GBK swings into profit
Gourmet Burger Kitchen (GBK) reported a pre-tax profit of £160k for the year to 24 February 2013, against a £685k loss the previous 12 months and said that this positive momentum had continued into its current financial year
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Marston's plans to license Fastcask
Marston’s Beer Company managing director Richard Westwood has confirmed that the company is in discussions with rival brewers to license its Fastcask technology, the Publican’s Morning Advertiser, M&C Report’s sister title, can reveal
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Honky Tonk concept eyes rollout
Supperclub London founder Mark Cutler is eyeing a rollout across London for his American-inspired restaurant and bar concept, Honky Tonky, after the success of the brand’s first two openings
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Analysis & InsightThe battle for meal-time business
US retailers and restaurateurs are slugging it out to snatch business from grab-and-go diners by boosting options and upping food quality. There’ll be only one winner – the customer, argues Nation’s Restaurant News (NRN) editor Robin Lee Allen
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Analysis & Insight
Wet-led pub GP falls below 50%
Gross profit (GP) margins have slipped below 50% for community wet-led pubs, as they are unable to take advantage of the higher earnings potential of food sales, according to a new benchmarking report
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Good Q3 lifts Carlsberg in UK
Carlsberg has reported that the UK market fell c1% in the nine months top 30 September, although it was “positively impacted by favourable weather” in Q3
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Analysis & Insight
Evolution of the pub to be key trend for 2014
Classic British pubs will push even harder in 2014 to transform and grab market share from conventional restaurants by focusing more attention on creating upscale, premium food and drink, and launching repositioned outlets in non-traditional sites
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Rex Restaurants to open Marylebone restaurant
Rex Restaurants, the Graphite Capital-backed group led by entrepreneurs Chris Corbin and Jeremy King, is to open its latest venture next spring in Marylebone
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MASH team to open new concept
Modern American Steak House (MASH), the Danish restaurant company, is to open a new American-themed steakhouse Japanese kitchen fusion concept called Steax and the City later this month
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Koppaberg and Monster join VAT Club
VAT Club Jacques Borel has recruited two further drinks brands to its campaign for a reduction on the level of VAT in the hospitality sector, Koppaberg and Monster