All MCA Insight articles in November 2022
View all stories from this issue.
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News
Duck Donuts to make UK launch
The Pennsylvania-based coffee and donut chain has signed a new franchise agreement to enter its first European market
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NewsLoungers appoints Antony Doyle to lead Brightside rollout
Antony Doyle, who has been operations director for Loungers since 2016, will oversee the rollout of the new roadside concept
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Analysis & InsightHospitality contracts 1.6% in three months
The sector has suffered a higher tally of closures in 2022 than in 2021, with inflation in energy bills and other costs leading to a net decline of 1,611 licensed premises in the fourth quarter of 2022, according to AlixPartners and CGA
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NewsNWTC appoints people director
Karl Jolly, formerly at Nisbets and Sticks’n’Sushi, has been appointed people director for the New World Trading Company
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Analysis & InsightLeathwaite: ‘Staffing concerns are an opportunity to think about removing barriers’
Leathwaite partner Holly Addison discussed how staff shortages can be resolved and push business leaders to reduce barriers to entry at MCA’s latest FD Leaders event
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Roxy Leisure, Darjeeling Express, and more
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NewsGreggs: ‘It’s the first time we’ve hit £1.5bn’
Following the announcement of 2022 sales of £1,513m yesterday, CEO Roisin Currie discussed expanding the Greggs offer through drive-thrus and day parts
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NewsGreggs continues robust trading
The food-to-go retailer has reported total sales of £1,513m for the year ended 31 December 2022, up 23% from £1,230m in 2021
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NewsHomeless campaign raises £22k
A CEO Sleepout London involved 17 hospitality leaders sleeping outside at Lord’s Cricket Ground raised more than £33,000 for homeless charities including Only A Pavement Away (OAPA)
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NewsNightcap grants share options to employees
The Cocktail Club, Adventure Bar Group, and Barrio operator announced it has granted a total of 2,690,000 share options to a number of employees
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NewsUKHospitality: ‘Certainty needed on future of energy support scheme’
Responding to yesterday’s inflation figures, UKHospitality CEO Kate Nicholls said businesses are experiencing inflation across operations
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NewsCity Pub Company: ‘We are curtailing our expansion and refurbishment plans’
Chairman Clive Watson said expansion plans have been paused amid staff shortages, higher operating costs, and decline in spend
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EventsMCA’s Hostech Conference to return on 8 February
The event will be held at London’s Ham Yard Hotel, with exclusive insight sessions from speakers representing Burger King, Bao, Chopstix, and WatchHouse Coffee
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NewsAzzurri Group unveils new sustainable dining strategy
The Recipe for a Better Future report sets out the goals of providing carbon labelling and making 65% of dishes low carbon options
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Analysis & InsightFSB warns of closures if energy relief ends
More than two in five small hospitality businesses have said they plan to close, downsize, or restructure if energy relief comes to an end in April
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NewsInflation for restaurants and hotels at 30-year high
The annual inflation rate for restaurants and hotels was at 10.2% in November, the highest rate since the estimate of 10.5% in December 1991
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NewsBowland Inns & Hotels makes first post-pandemic acquisition
The 10-strong Lancashire operator has acquired the Assheton Arms in Downham and is looking to expand further
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NewsShake Shack UK seeks to develop omnichannel strategy
Franchise operator Diverse Dining is also in negotiations with landlords for new sites, according to accounts filed at Companies House
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Analysis & InsightConsumers willing to pay more for branded products in supermarkets
Consumers expect to see restaurant brands in supermarkets and are willing to pay a price premium, according to Lumina Intelligence
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NewsWelsh businesses to get £460m in rates support from government
Welsh minister for finance and local government Rebecca Evans said it would boost businesses struggling with inflation and energy costs