All MCA Insight articles in November 2024 – Page 2
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NewsGail’s turnover rises to £179m
The premium bakery chain increased turnover by 32%, and has budgeted 35 new openings for the current financial year as it continues to build its presence outside the Southeast
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NewsGroucho Club has licence suspended
The Soho private members club has been forced to temporarily close following reports of a ’serious criminal offence’ at the venue
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NewsJust Eat to delist from London Stock Exchange
The food delivery group seeks to reduce the administrative burden, complexity, and costs associated with maintaining its London listing, also citing low liquidity and trading volumes
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NewsMitchells & Butlers grows sales to £2.6bn
The pub and restaurant operator also achieved like-for-like growth of 5.3% in FY24 - a strong period of cash generation - while turning a profit of £199m
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NewsDave’s Hot Chicken to launch on Shaftesbury Avenue
The Nashville-style chicken chain, brought to the UK by Azzurri Group, will open on 7 December - but is yet to confirm whether its infamous Carolina Reaper chicken will be offered
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NewsSanto Remedio explores new taquería concept
The Mexican restaurant group hopes to launch a taquería concept in the future, with plans to explore a fundraise next year, MCA’s Restaurant Conference heard
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InterviewsAnglian Country Inns: ‘We still have opportunities to grow’
The existing estate still has capacity to grow, albeit the group is intent on mitigating the impact of the Budget, MD James Nye tells MCA
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InterviewsJeremy King: ‘We’ll spend £10m to make it look like we’ve done nothing’
As he prepares to relaunch Simpsons on the Strand, the veteran restaurateur speaks to MCA’s Restaurant Conference about his comeback to London’s hospitality scene and balancing the old with the new
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NewsRocket Leisure secures £6.4m loan from OakNorth
The live music venue operator will use the loan to refinance an existing facility, acquire the freehold on its Venn St site, and expand with additional future sites
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NewsCrosstown appoints new CEO
Jo Blundell, previously of Papa John’s, McDonald’s and Burger King, joins following the brand’s acquisition by Karali Snacks
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NewsCarlsberg ‘wiping out UK brewing heritage’
Carlsberg Marston’s Brewing company (CMBC) is delisting eight classic British cask beers from pubs by the end of the year, according to the Campaign for Real Ale (CAMRA)
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Analysis & InsightFood-to-go: market share ‘waiting to be snapped up’
Food-to-go is still in growth as customers trade down with their spending. But are high street operators doing enough to maximise this as the Christmas approaches, Jay Heathcote asks
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Analysis & InsightPrivate equity: Powerhouse or inhibitor of restaurant growth?
Investing in restaurant brands is not without its pitfalls, but a good private equity firm can provide more than just finance – they can provide expertise, operational support and strategic guidance, writes Vincent Mourre, CEO of Whitespace Partners
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Analysis & InsightQuality and health return to consumer agenda
Value scrutiny has levelled off in consumer attitudes while ingredient quality and healthy options become growing factors, according to Lumina Intelligence
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InterviewsGreggs: Any price rises will be ‘pennies’
CEO Roisin Currie said the brand’s growth plans will not be derailed by the recent Budget, with scope for as many as 4,500 stores in the UK overall
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NewsIn pictures: Bill’s Milton Keynes
The Richard Caring-backed restaurant collection has opened its first new site in six years
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NewsGail’s to launch £500m auction next year
Goldman Sachs has been instructed to manage a sale of the premium bakery chain, Sky News reports
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InterviewsBeyond burgers: How Bleecker is using its platform for good
Founder Zan Kaufman talks to MCA about the evolution of the now £10m-plus turnover business and why she is resolute in her mission to focus on the best burger she can produce
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OpinionIs this the tipping point for tech?
Hospitality is at a tipping point when it comes to next generation technology, but while the prospect of increased labour costs is worrying, cutting back on front-line teams is as dangerous as trying to impose blanket price rises. Peter Martin writes
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NewsHospitality trade bodies criticise focus of government’s proposed industry strategy
The strategy will focus on eight sectors which offer the highest growth opportunity for the economy and business, says the government, but UKHospitality and the BBPA warn this risks wider economic growth