All MCA Insight articles in October 2013 – Page 24
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News
Chimichanga closes in on Highcross site
Prezzo, the Jonathan Kaye-led group, is understood to be closing in on a site in Leicester for its Mexican brand, Chimichanga.The 33-strong group is understood to be in advanced talks to take a unit in the site’s Highcross shopping scheme. The brand recently secured a site in Touchwood Solihull for ...
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Analysis & Insight
More visit restaurants than pubs for socialising
Most people feel they no longer have a ‘local’ or a pub at the heart of their community, and would rather socialise in a restaurant, according to a new survey of 1,856 UK adults by YouGov
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News
Black Sheep reports full-year loss
The North Yorkshire brewer sold almost 6,000 fewer barrels to national pubcos in the year to 31 March 2013 as it endured a “perfect storm” of negative factors
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NewsMcDonald's UK PBT grows 14.5%
McDonald’s UK saw pre-tax profits grow 14.5% to £202.2m in 2012, in what it called “sound results in a difficult business climate”
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NewsVAT Club to accelerate campaign after Treasury knock-back
The VAT Club is planning to open an office in London and appoint a deputy to Jacques Borel in an effort to turbo-charge the campaign for a lower rate of VAT on hospitality after the Treasury formally rejected its arguments, M&C Report has learnt
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News
Comptoir Libanais secures Chelsea site
Cadogan Estates, which owns the site, said it’s part of a wider initiative by the property owner to create a more vibrant food and beverage offer across its estate that takes greater advantage of the scheme’s extensive outdoor space
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News
Nose Ltd eyes two-pronged rollout
Nose Ltd, the restaurant group led by Ged Lynch, is to focus on the rollout of its US/Australian-themed bar and cafe concept called Mud Crab and its gastropub format Pointing Dog , after closing its remaining Felicini site, M&C Report understands
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NewsDean’s Diner to be Richoux’s growth brand
Dean’s Diner, the 1950’s-inspired American diner format is set to be the core growth brand for Richoux, the AIM-list restaurant operator, over the next few years
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Analysis & InsightThai society
Several mini-chains are clamouring to become the first truly national Thai restaurant operator – and private equity interest is on the up
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News
Leisure part of Plymouth-based scheme marketed
The long leasehold interest of a pair of buildings that house the eating and drinking-out part of Plymouth’s Royal William Yard scheme has been placed on the market, with offers of £8m sought, M&C Report has learnt
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NewsFY turnover tops £40m at Las Iguanas
Las Iguanas, the Bowmark Capital-backed chain, saw turnover break the £40m mark in the year to 30 March 2013, a period in which it said like-for-like sales continued to perform “well ahead of the sector”, thanks to the positive impact of the Olympics on three of its London-based sites
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News
Sushinho company placed into administration
Sushinho City Ltd, the company behind the eponymous Japanese/Brazilian fusion restaurant based in London’s Devonshire Square, has been placed into administration, M&C Reportunderstands
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Opinion
Globe artistic director to launch restaurant venture
Dominic Dromgoole, the artistic director of Shakespeare’s Globe, is backing a new casual dining venture, Maeve’s Kitchen, which is set to launch in London’s Hackney later this year
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News
InnBrighton moves away from nightclubs
InnBrighton, the Brighton-based pub and bar group, has made a strategic decision to reduce its involvement in the nightclub market and concentrate on pubs
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NewsLuminar expansion continues
Luminar, the nightclub operator, has continued its expansion with the acquisition of a 3,000-capacity club in Dundee
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News
TLC looks at options for two sites
TLC Inns, the multiple operator run by Steve Haslam and Jo Drain, is exploring options for two of its sites after placing them on the market
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Analysis & Insight
London under levy
On 10 June 2013 the City of London Corporation became the first London Borough to begin consultation on the potential introduction of a Late Night Levy, Clare Eames, partner at leading law firm, Poppleston Allen, examines what the chances are it being passed
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News
Operators eye York’s Monk’s Cross scheme
Giraffe, Ed’s Easy Diner and Prezzo are believed to among the line up of operators poised to take sites at the Monk’s Cross shopping scheme in York, which is set to fully come online next spring
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News
SSP opens two Starbucks at stations
Travel concessions operator SSP has announced the conversion of two former Pumpkin stores located at stations into Starbucks outlets
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News
Domino's showed 'decent progress'
A leading analyst has issued a Hold recommendation for Domino’s Pizza after its Q3 results yesterday, predicting 11% profit growth this year and saying the UK business appears to be in good shape, although he expressed disappointment about the reduced UK openings target