All MCA Insight articles in November 2022 – Page 9
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from F1 Arcade, The Inn Collection Group, and more
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News
Big Table appoints new Bella Italia MD
John Baker will join as managing director of the Italian restaurant brand on 14 November, with Bella Italia having also appointed a new marketing director
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News
Young’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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News
Nightcap reports strong results from first full year of trading
The Cocktail Club, Adventure Bar Group, and Barrio operator announced revenues of £36m but reported slower momentum into FY2023
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News
Domino’s reports strong momentum
Domino’s Pizza has reported its Q3 trading update, with like-for-like sales up 2.4% on last year, as well as announced its rollout on Just Eat and a new share buyback programme
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Interviews
Pret: Visibility is key for Express format
Pret Express will be rolled out with machines placed in high footfall areas, and smaller versions introduced as well, interim MD Guy Meakin tells MCA
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News
ETM appoints new marketing director
The group has appointed Kate Macdonald as its marketing director, also covering its Maven Leisure business.
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News
Wendy’s believes UK remains ‘the big opportunity in Europe’
The business has seen energy costs increase by up to 60% in the UK, with lower sales than expected, but is “playing the long-term game”.
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News
Rare Restaurants appoints new non-exec
Former YO! CEO Vanessa Hall joins the group as a non-executive director as it gears up for a period of accelerated growth
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Analysis & Insight
Menu price inflation slowed during summer months
Between February and September total food menu price inflation rose to +4% but was only +0.9% in the latter four months, according to Lumina Intelligence.
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News
Disappointment over lack of formal review for Late Night Levy
UKHospitality said any review would show the enormous impact of the levy on business and it continues to call for it to be abolished.
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News
Stonegate CEO stepping down with BrewDog’s COO to replace him
Simon Longbottom is to step down as CEO of UK’s largest company early next year, with BrewDog’s chief operating officer David McDowall appointed as his successor.
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News
JDW sees like-for-like growth above 2019 levels
The pub company achieved a 9.6% increase in like-for-like (lfl) sales in the first 14 weeks of the financial year, versus 2021 figures, with lfl growth of 0.4% on 2019 levels.
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Analysis & Insight
Sector in “extremely worrying state”
The Night Time Economy Adviser for Greater Manchester has warned of the impending collapse of the sector unless business support is provided in the government’s Autumn Budget.
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Analysis & Insight
Out-of-town locations have seen uptick in fortunes
The popularity of out-of-town destinations with operators such as Tim Hortons and Greggs has lead to a significant uplift in the rents that can be achieved in this format, Savills said.
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News
Fireaway Pizza eyes expansion up north
The fresh pizza concept is looking to open a further 40 stores in 2023, plus four international sites, with a focus on the north, managing director Mario Aleppo told MCA.
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News
Calls for government to support Hospitality Rising
A collection of trade bodies have written to the Secretary of State for Work and Pensions calling on him to support the new campaign and ensure careers in hospitality are on the radar of young people
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News
McDonald’s axes plastic cutlery
The fast-food giant is replacing its plastic cutlery with utensils made from renewable FSC certified pressed paper that it claims is fully recyclable and compostable.
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News
Patisserie Valerie appoints group CMO
Martin Burke has been appointed group chief marketing officer for Patisserie Valerie and Bakers + Baristas
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Interviews
Loungers: ‘Brightside will be distinctly different from competition’
While the roll-out of a branded offering is something new for the café-bar and restaurant operator, founder and chairman Alex Reilley tells MCA the roadside concept has great potential and will offer an experience worth stopping for.