All MCA Insight articles in November 2018 – Page 7
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News
EiG managed lfls up 7.1%; ‘considerable interest’ in commercial property arm
Ei Group (EiG) has reported like-for-like (lfl) sales up 7.1% in its 308-strong managed division for the year to 30 September.
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News
Richoux to sell three sites
Richoux has found buyers for its eponymous restaurant in Piccadilly, along with its Friendly Phil’s Braintree and Richoux Gloucester Road restaurants.
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News
Four Hundred Rabbits secures third site
Craft beer and pizza concept Four Hundred Rabbits has secured its third site, in West Norwood.
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Analysis & Insight
Overall growth flat for pubs and restaurants in October
Collective like-for-like (lfl) sales growth across the pub and restaurant sector was relatively flat during October, up 0.2%, according to the latest Coffer Peach Business Tracker.
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News
TRG pulls out of Peach talks
The Restaurant Group (TRG) has pulled out of talks to acquire Peach Pub Company, the Midlands-based, multiple pub operator, as it puts all its focus on getting its proposed £559m acquisition of Wagamama across the line, MCA understands.
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Opinion
Finding the perfect PE bedfellow
Seeking a partnership with private equity can be a daunting and complex challenge for operators. There are a number of variables to consider before choosing the right partner, according to AlixPartners’ Graeme Smith. Includes the experiences of operators and investors, including Flat iron’s Jo Fleet and Daniel Smith of Livingbridge
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News
Fuller’s appoints interim FD
Fuller’s has announced the appointment of Deborah Stevenson as interim finance director, effective today.
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News
Wolf Street Italian joins line up at Boxpark Wembley, among eight others
Wolf Street Italian is to open at the new Boxpark Wembley next month, joining eight additional operators.
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News
Investors wade in to support TRG strategy
The Restaurant Group has received backing for its bid to acquire Wagamama from top 5 investor Jo Hambro.
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Analysis & Insight
Food service management report highlights staffing concerns
Nutrition, healthy eating and sustainability are the driving forces in an increasingly diverse food service management sector, according to a new report.
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News
Lawson replaces Crowther as Liberation CEO
The Liberation Group, the West Country and Channel Island pub company, has appointed Jonathan Lawson as its new chief executive.
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News
Eagle Eye expands into QSR with Burger King contract
Eagle Eye, the digital loyalty company, has signed a three-year deal with the Bridgepoint-backed Burger King UK – its first quick service restaurant (QSR) customer.
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News
Oakman Inns set to appoint advisors
Oakman Inns is set to appoint advisors at the start of next year as it looks to take a flexible approach to any eventual exit for its investors, MCA understands.
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Opinion
Young’s: Levers for growth; bolt-on acquisitions and cannabis cocktails
Young’s chief executive Patrick Dardis spoke to MCA after yesterday’s H1 trading update. He discussed further levers for growth, why Young’s has turned down several pub groups on the market, his anger with politicians, why he doesn’t pay attention to what his peers are doing and why cannabis-infused mocktails may be the next big trend.
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News
Sipsmith to open dedicated gin shop
Sipsmith Gin has signed a deal with the Crown Estate to establish the first new dedicated gin shop in London for 200 years at Princes Arcade in St James’s.
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News
Bon Pan team secures debut Naked Noodle site
The team behind Bon Pan Asian, which currently operates two large buffet restaurants at Intu Potteries in Stoke and at Clayton Square Liverpool, is about to open the first of a new restaurant format which will be called Naked Noodle in Liverpool city centre.
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News
Deltic to expand Bar & Beyond to Kingston
The Deltic Group is to expand its Bar & Beyond concept to Kingston – the first opening for the brand this year.
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News
Poppleston Allen tops licensing law firm list
Poppleston Allen has been named in the inaugural The Times Best Law Firms 2019 list, securing the only ranking for licensing and gambling.
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News
West End pub let to Shep Neame sells for £3.75m
The freehold investment of The Cheshire Cheese pub in London’s West End has been sold to a pension fund investor for £3.75m.
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News
Cojean builds pipeline
Cojean, the Parisian healthy fast food concept, has launched its third site in London, with another two due to open early in 2019.