All MCA Insight articles in November 2019 – Page 3
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NewsLow price champions
Given the prevailing weak outlook for consumer confidence, it seems inevitable that more risk averse and belt-tightening behaviours will come to the fore.
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OpinionJP Morgan, Goodbody and Morgan Stanley on Mitchells & Butlers
Leading analysts share their views on Mitchells & Butlers (M&B) full year financial results, and how they stack up against forecasts.
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NewsGlickman to step down as NED at Marston’s
Marston’s has announced that Catherine Glickman is to step down as a non-executive director.
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NewsWalker joins Platopus as chairman
Former Eat CEO Andrew Walker has joined Platopus Retail as chairman, MCA understands.
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Analysis & InsightFranco Manca scores UK’s favourite dish
Franco Manca’s chorizo & mozzarella pizza has been named the UK’s most popular menu item by ratings app TopDish.
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NewsDonut King launches third Debanhams site
Donut King, the Australian-founded brand from Retail Food Group (RFG), has opened its third UK site with Debenhams. The latest site opened in Debenhams’ Wigan store, and follows previous openings in Basildon’s Eastgate Shopping and Sheffield earlier this year. The partnership is being led Sam Shutt, head of retail food ...
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NewsTim Martin re-elected to JDW board with 98% shareholder approval
JD Wetherspoon chairman Tim Martin has been re-elected with the support of more than 98% of shareholders.
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OpinionAmerican dreamers
A fresh wave of American concepts have crossed the pond in recent years, and more are on their way. Why is the UK so appealing to US brands, and do we still want them?
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OpinionThe profitable Pickup paradox
At first glance, Deliveroo’s latest development, called Pickup, is a perfect paradox. Normally Deliveroo only fails to deliver when one of its more myopic drivers fails to find the right front door, now it’s being built into the business model. How can a business literally named after delivery not deliver?
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NewsPret’s chief customer officer resigns
Pret’s chief customer officer, Barnaby Dawe, has resigned and will leave the business at the end of the year. Dawe, who joined Pret in 2018, plans to return to work in media and ecommerce where he worked at Harper Collins, Sky, The Sun, The Times and Channel 4.
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NewsCosta announces McDonald to replace Paul as CEO
Costa Coffee has announced that CEO Dominic Paul is to be replaced Jill McDonald, formerly of Marks & Spencer.
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NewsNew River reports “robust” performance
New River has reported a rise in Underlying Funds From Operations from £25.6m to £26.4m for the first half of the year. “We are pleased to report another period of solid performance, as we entered our 10th year of operations,” said CEO Allan Lockhart. “Our diversified and differentiated portfolio continued to outperform the market, delivering sustainable cash flows, robust operational metrics and resilient valuations.
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NewsPhil Urban: ‘Greene King deal vindication of why shareholders invested in us’
Mitchells & Butlers (M&B) will inevitably be touted as a potential target for M&A, but chief executive Phil Urban doesn’t see a takeover happening, he has told MCA.
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NewsFuller’s to open at Wembley Park
Fuller’s set to open a 8,200 sq ft pub and restaurant on £3bn Wembley Park development.
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NewsSoul Food Enterprises sold in pre-pack
Soul Food Enterprises, the operator of Harlem Soul and Stax Diner, and its subsidiary Butterscotch bakery, have been sold in a pre-pack administration, MCA understands.
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NewsRed Dog founder to expand Indian street food concept
Red Dog Saloon founder Tom Brooke is to open a second site under his modern Indian street food concept Burra Khana, in Liverpool, and also has plans to tweak the offer at Red Dog Soho, MCA can reveal.
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NewsComptoir Libanais: Wigmore Street in pictures
Comptoir Libanais has reopened its Marylebone site under a new bright and vibrant design scheme. Founder Tony Kitous has curated the new décor, which is inspired by memories of his childhood growing up in Algeria, while aiming to transport guests to the vibrant souks of Beirut, Marrakesh, Istanbul and Cairo.
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NewsTo curate – a word for 2019 and beyond
Apparently, the likes of ‘climate strike’, ‘prorogue’ and ‘woke’ are leading contenders among the list of key words of 2019. This set me thinking about what would be among the nominations within foodservice and hospitality? For sure any short-list would have to include labelling, restructure, sustainability and veganism, but I am going to make a case for a potentially left-field candidate, that is the verb to ‘curate’.
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NewsWhat does 2020 hold for the industry? And how will it impact your business?
What does 2020 hold for the industry? And how will it impact your business? Every year, MCA and HIM conduct research into the views of industry professionals on the challenges and opportunities the industry and their business face in the next 12 months. The subsequent report delivers an in-depth assessment ...
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NewsSSP deliver rise in sales and profits
SSP has revealed a 7.8% rise in pre tax profits to £197.2m for the year ended 30 September 2019. Sales were also up 9% to £2,794.6m. It said it had achieved the results despite an “unusual number of external headwinds during the year, including disruption from the ‘Gilets Jaunes’ protests in France, slower passenger growth and the impact of a number of airport redevelopments in the Nordic countries and in Spain, the grounding of Boeing Max 737 aircraft in North America, and weaker Chinese passenger numbers and the cessation of operations of Jet Airways in the Asia Pacific region.