All MCA Insight articles in November 2023 – Page 6
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News
Former Wear Inns pubs on the market
The portfolio of pubs owned by real estate investment firm Aprirose has entered into administration, with 25 sites coming up for sale
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Analysis & Insight
Acquisition of City Pub Group an ‘inspired move’ from Youngs
Young’s proposed £162m takeover of the Clive Watson-founded City Pub Group demonstrate its ambition to branch out of its roots as a purely regional pub company, while showing premium pub assets can still command a premium price, industry sources tell MCA
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News
Marston’s appoints new CEO
Andrew Andrea is stepping down as chief executive with immediate effect, and will be replaced by Justin Platt, chief strategy officer at Merlin Entertainments
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News
KFC to expand drive-thru estate
KFC is set to open 10 new branches in the next three months, comprising both drive-thrus and high street stores, as it targets the 1,500-site mark in the UK
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News
Drinks and accommodation drive growth at Young’s
The pub company reported interim results with revenue of £196.5m and room revenue termed the “standout performance” during the period
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News
Young’s makes bid to acquire City Pubs, valuing it at £162m
According to Young’s, it has closely followed the City Pubs estate for some time and holds the premium, well-invested, and wet-led approach in high regard, presenting an attractive opportunity for Young’s to drive future growth
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Interviews
Fuller’s: ‘Our pubs will continue to withstand the test of time’
Chief executive Simon Emeny speaks to MCA about delivering growth across areas and margins, the economics of running pubs, and how investment in training, development, and the estate is paying dividends
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News
Pret continues international expansion with first Spanish outpost
Ibersol Group is supporting Pret in its plans to build a presence in major cities and strategic commercial hubs across Spain and Portugal, with long-term plans for 70 shops.
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News
Freezing rates will be ‘lifeline’ for a sector
Action on business rates at the Autumn Statement is critical, a coalition of leading hospitality, retail and leisure organisations has urged.
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News
Casa do Frango: We will continue to strive for expansion
Co-founder Marco Mendes told MCA’s Restaurant Conference that the London-based concept sees opportunity to bring Portuguese food to British tastebuds, in a more elevated dining space
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Analysis & Insight
December reservations up over 40% on last year
Despite the cost-of-living-crisis, the crucial festive season is looking positive for the hospitality sector according to Zonal
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Interviews
Joe & the Juice sees double-digit growth in UK
The brand is looking to increase its presence beyond greater London amid consistent double-digit growth in its UK stores, CEO Thomas Nørøxe tells MCA
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News
Rick Stein: Diners now expect higher standards
The chef and restaurateur, who opened his first venture in 1975, says consumers today have become more discerning about how their food is cooked
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News
Hospitality inflation down to 7.6%
Inflation has eased to 7.6% in the restaurant and hotel sector in October 2023, down from 8.6% in September and a peak of 12.1% in February
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News
Aldi to open ‘bottomless pigs in blankets’ pop-up restaurant
Located in North London’s Camden Passage, the restaurant will offer a six-course menu of Aldi’s pigs in blankets range.
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Analysis & Insight
Slowdown of growth in managed sector
Growth of 3.2% in October was driven by price rises and remains below inflation, the new CGA RSM Hospitality Business Tracker reveals
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News
Popeyes appoints people director
Matt Hudson, who spent five years at Wagamama, has joined Popeyes UK as the brand continues its rapid expansion
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News
Soho House reports continued membership growth
The members’ club now has a total of 110,333 UK members across its Soho House, Soho Friends, and Soho Works concepts
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News
SK Group opens 20 stores in 2023
The biggest Domino’s franchisee has opened four new stores in the last two weeks, with a “whole load” more to come before the end of the year
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News
Wingstop continues expansion with Scottish sites
The brand will opened in Glasgow yesterday and will open in Edinburgh next month