All MCA Insight articles in November 2023 – Page 10
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News
Selfridges rocked by financial crisis
The future ownership of Selfridges has been thrown into doubt by a crisis engulfing its Austrian co-proprietor Signa Group, The Sunday Times reports
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Analysis & Insight
Experiential dining key to winning young consumers
According to Lumina, 63% of 18-24 year olds are considered “very experience-led”, with many cash-strapped young people looking for differentiation to justify spend
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News
Beyond Meat cuts workforce as demand softens
The plant-based McDonald’s supplier plans to pursue a ”further, sizable reduction of operating expenses to improve our cost structure”
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, including Young’s Pubs, Lucky Voice, Nando’s, Dishoom and more
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News
Papa Johns ‘confident’ in long-term potential of UK
CEO Rob Lynch said profits in the third quarter were impacted by the “dilutive impact” of recent UK acquisitions
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Events
Less than one week to MCA’s Restaurant Conference
Dynamic multi-site operators Rosa’s Thai, Leon, Tonkotsu and Harts Group are among the speakers set to take the stage
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News
Christmas menu innovation
MCA rounds up the latest festive menu launches, exploring trends for indulgence, international flavours and some twists on classic Christmas dishes.
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News
Starbucks reports £30bn sales
Comparable same-store sales in the UK were “well above” historical averages in 2023, driven by higher profitability and productivity store formats, and elevated digital experiences
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News
Wendy’s pushes ahead with UK expansion
The QSR brand has added a new franchisee to the UK market, while its three existing franchisees have increased their development agreements, highlighting their “confidence in the long-term trajectory of the brand”
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News
Gavin Lilley joins Subway
Lilley has joined the fast-food sandwich chain as director of operations and L&D after holding various roles at Papa Johns UK
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News
Whitbread appoints new non-exec
Shelley Roberts, currently group chief commercial officer at Compass Group, will join the Beefeater operator as non-executive director
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News
Chopstix reports sales uplift for converted Chozen sites
Chopstix reported “exceptional results” for the Chozen Noodle sites it has converted to its core brand, with a close to 50% sales uplift post-conversion
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News
Yum! Brands sees strong Q3 momentum
KFC sales across Europe saw year-on-year growth of 13% in the quarter ending 30 September 2023, with the period also seeing record digital sales
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News
Coffee#1 posts record sales
Revenues were up 22% in the third quarter, while the neighbourhood coffee shop business posted a £1m sales week for the first time
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News
Wingstop UK sees ‘record sales volume’
The brand’s international markets are seeing double-digit growth, driven by transactions and outlet expandion in the UK business
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News
Glenn Edwards departs Leon
After more than 12 years at the food to go brand, Edwards is leaving to start a new role later this month
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Analysis & Insight
Why is McDonald’s being targeted by Pro-Palestinian protests?
As militant activists target potent corporate symbols over their perceived political alliances, MCA explores the PR tightrope brands must walk during such a bitter partisan conflict
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News
Carlsberg denounced Moscow’s seizure of its Russian subsidiary
Carlsberg’s chief executive has said the Danish beer company will not enter a deal with Russia’s government
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News
Delivery and drive-thrus drive growth for McDonald’s UK
Despite its high street estate impacted by declining footfall, the fast food giant said like-for-like growth has been driven by other channels
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News
Blank Street keen to ‘bring energy back’ to coffee market
The New York-founded specialty coffee concept is on track to reach profitability next year, according to UK MD Ignacio Llado