All MCA Insight articles in November 2021 – Page 9
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NewsInvestors doubling down on sustainable focus
There is increasing pressure on hospitality businesses to show they are actively engaged with carbon reduction and other ESG initiatives, delegates at MCA’s Restaurant Conference heard this week.
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InterviewsSoho Coffee Co to zero in on travel space
The coffee shop business is directing its expansion efforts into transport hubs, such as airports and railway stations as part of its plans to scale up the business, MCA has been told.
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NewsMinister Scully: ‘We need to address the challenges together’
The government is aware of the issues facing the hospitality sector, but a joint effort is required to tackle them, the business minister told MCA’s Restaurant Conference.
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NewsSupply chain: no return to normal until next Autumn
A focus on menu, ingredients and stock could help mitigate against current supply problems, Prestige Purchasing’s David Read told MCA’s Restaurant Conference.
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NewsHawthorn CFO departs
Hawthorn has announced that Matt Ward will step down as chief financial officer on 31 January 2022.
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NewsBurger & Lobster: ‘Weekly sales continue to increase’
The London-based restaurant group said the business “is currently well-positioned for expansion.”
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NewsFulham Shore restaurants 'continue to break trading records’
Trading at Fulham Shore’s city centre restaurants has “performed particularly well” in the five weeks since the end of September
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NewsCity Pub Company appoints CFO
Holly Elliott will replace Tarquin Williams as City Pub Company’s chief financial officer, and joins from Honest Burgers
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NewsIsland Poke appoints Sophie Street as head of property
Island Poké has appointed Sophie Street, formerly of the Ivy Collection and Bill’s, as its new head of property as it plans further expansion.
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NewsDuck & Waffle secures Edinburgh site for Scottish debut
The all-day restaurant is to open its first restaurant in Scotland in Edinburgh’s St James Quarter, in 2022
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NewsConsumers ‘will pay more’ for a good restaurant experience
Branded restaurants are “expected to exceed 2019 value by 2022” according to a Lumina Intelligence presentation at MCA’s Restaurant Conference
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NewsNightcap: ‘ongoing strong performance’
Nightcap has announced a 68% total net sales increase versus 2019 and a”strong” pipeline of site openings and Christmas bookings.
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NewsThai Leisure Group to invest in current estate
Thai Leisure Group announces “promising” trading results since April 2021 and plans to focus on refreshing its current estate.
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NewsDemand for cocktails fails to dampen
Cocktail sales have been at higher levels than 2019 in most weeks since the sector fully reopened, according to data from CGA.
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NewsLoungers: ‘The scale of the opportunity has been enhanced’
For a long-time Loungers has talked about the scope for 400 Lounges and 100 Cosy Clubs in the UK, but according to CEO Nick Collins, those numbers are ”very conservative now”.
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NewsUK listed companies to be forced to publish annual ‘green’ plans
All companies on the UK stock exchange will be legally obliged to produce annual plans for becoming more sustainable or risk financial penalties, Rishi Sunak is expected to announce today
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NewsHawksmoor to be carbon neutral in 2022
Hawksmoor plans to be carbon neutral in 2022 and to become a net zero company by 2030.
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NewsChris Sherriff joins Wingstop UK as COO
Wingstop plans three more store openings during 2021 as Chris Sherriff joins as the company’s new chief operating officer.
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NewsCorbin & King sees trade return to 2019 levels
Corbin & King has seen trade pick up in the last four or five weeks with sales returning to at least 2019 levels, despite reduced site capacity, according to the company’s co-founder Jeremy King.
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NewsHostmore admitted to LSE
CEO Robert B. Cook said the listing would enable the business to add individual sites and acquire appropriate smaller brands