All MCA Insight articles in November 2014 – Page 23
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News
Gusto launches new branding
Gusto is to roll out new look branding across its existing estate within the next 18 months in addition to opening new restaurants across the country
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News
Beanscene files for liquidation
Beanscene, the Scottish coffee shop chain, has filed for liquidation and is expected to close its 10 branches this week
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News
Nordic Bakery seeks funding for more sites
London-based Scandinavian café concept Nordic Bakery is back on the acquisition trail to find its next site and remains on track to build an estate of 10 cafes across London, M&C Report has learnt
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News
Gov’t make parallel rent assessment claim
The parallel rent assessment provision in the pub statutory code could suggest that a tied tenant pays no rent, the Government has claimed
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NewsNew qualification to prepare staff for allergen legislation
A new qualification has been launched that could help foodservice staff prepare for legislation on food allergens due to be introduced later this year
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News
FSA says diners will shun outlets with hygiene rating below 3
The Food Standards Agency is warning diners not to book their Christmas meal at any outlet with a low hygiene rating.
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NewsEllis on Diageo: near term prospects “very encouraging”
Diageo’s management is “continuing to pull the right levers” as demonstrated in its portfolio updates and “Route to Consumer” (RtC) programme however there is no near term catalyst for transformational growth in India and Africa, a leading analyst has said
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News
Family brewers ‘not ruled out’ of pub statutory code
The Government has not ruled out reinserting family brewers back into the scope of the pub statutory code but insisted that smaller pubcos have “nothing to fear” from its proposals.
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Analysis & Insight
Annual beer sales up but on-trade slides
Off-trade beer sales continued to drive growth as the on-trade slipped 0.7%, according to the British Beer & Pub Association’s Quarter 3 Beer Barometer.
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NewsTPG Capital agrees to acquire Prezzo for £303.7m
TPG Capital, the US-based private equity firm, has reached agreement with the board of Prezzo, to acquire the Jonathan Kaye-led business for £303.7m
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News
Tim Martin: Sales slow at motorway pub
JD Wetherspoon chairman Tim Martin has admitted drink sales have been poor at its first motorway services site because ‘people just want a coffee’.
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NewsJD Wetherspoon analyst round-up: 'Disappointing margins'
Analysts have highlighted “disappointing margins” in Wetherspoon’s Q1 results, which showed like-for-like sales up but slower growth in October.
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News
US chains are paying “silly rents and premiums”
Some American chains are paying “silly rents and premiums” in London, and overheating the capital’s property market
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NewsMEATliquor eyes Ireland launch
MEATliquor, the popular, fast-casual restaurant concept, is in talks regarding a partnership to take the concept overseas
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NewsJDW reports lfls up 6.3% for Q1 but sales sales growth slowed in October
JD Wetherspoon has reported a slowdown in sales growth in October, but said like-for-likes for the 13 weeks to 26 October were up 6.3%.
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NewsShopping centres working out for Ed’s
Ed’s Easy Diner is turning tables up to 10 times a day in some of its shopping centre sites, according to chief executive Andrew Guy
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Analysis & Insight
Confidence returns to foodservice but essential demographics missed
Confidence is returning to the foodservice sector as consumer spend continues to increase however QSRs and pubs and restaurants cannot show complacency as key groups dining groups remain in decline according to the latest report from meat supplier EBLEX
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News
Calculus launches new fund
Calculus Capital, the private equity backer of Benito’s Hat and Chop’d, has launched its latest round of fundraising, as it looks to raise £25m
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News
Yog looks north
Yog, the frozen yogurt chain, is continuing its UK expansion with a focus on the north of England while also preparing to open its first sites under franchise in Dubai and Kenya
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NewsKFC to roll-out fresh new restaurant design
KFC is rolling out a brand new design across its estate after launching the “informal and stylish” new interior with an open plan kitchen at its Bracknell branch