All MCA Insight articles in October 2018 – Page 11
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News
The Cat’s Pyjamas placed into administration
The Cat’s Pyjamas, the company behind the Leeds-based, Indian kitchen and craft beer concept of the same name, has been placed into administration, MCA understands.
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Analysis & InsightPlaying hard to get
The board of Revolution Bars Group has once again rejected the possibility of a deal with Deltic. James Wallin looks at what was actually being discussed, gauges the thoughts of Revolution shareholders and asks what’s next for the key participants, as well as former suitor Stonegate.
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NewsWhitbread shareholders vote in favour of Costa sale
Whitbread shareholders have overwhelmingly approved the sale of its Costa Coffee arm to Coca-Cola for £3.9bn.
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NewsOakman Inns announces H1 lfl up 8.5%
Oakman Inns has announced like-for-like sales growth of +8.5% for the 26 weeks to 30 September – an increase on the 5.1% increase seen in Q1.
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NewsChilango launches £1m bond
Mexican quick-service chain, Chilango, has announced the launch of second Burrito Bond.
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NewsRevolution terminates talks with Deltic
Revolution Bars Group has announced that its talks with the Deltic Group have been terminated.
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NewsPatisserie Holdings reveals winding up petition over £1.1m tax bill
The board of Patisserie Holdings has revealed a winding up petition relating to a £1.1m unpaid tax bill.
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News
YO! to trial To-Go counters in Tesco
YO! Sushi has signed an agreement with Tesco to pilot YO! To Go counters at two UK stores.
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News
Island Poke lines up sixth site
Island Poke has lined up a sixth London site in Shoreditch, MCA has learnt.
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News
People Factor launches the Learning Factor
The People Factor, the specialist HR consultancy headed by Karen Davies and supported by Simon Wilkinson as a non-executive director, has launched a new sector training module – “The Learning Factor” to support learning and development within the hospitality industry .
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News
Alcohol consumption by young adults hits record low
A third of young people abstain from alcohol and the proportion of them who have never tried it has almost doubled in the past decade, according to one of the largest studies of youth drinking.
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NewsGreggs looking to open later to capitalise on delivery market
Greggs is looking to grow the evening day part by opening later, which would enable it to capitalise on the delivery market, chief executive Roger Whiteside has said.
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NewsDowning LLP parts company with Burning Night
Downing LLP, the pub investment vehicle, has parted company with the Burning Night Group amid concerns over the latter’s financial position and overrunning costs at two major sites, MCA has learnt.
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News
Las Banderas looking to expand tapas concept with Canary Wharf site
Las Banderas, a recently launched Spanish restaurant concept, has lined up a fourth site in a new development at Canary Wharf’s Cabot Square.
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News
Liberation Group appoints CFO
The Liberation Group has appointed Nigel Osborne as its new chief financial officer.
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Opinion
Living in the new world
On a day when the sector’s main trade association, UKHospitality was at the Houses of Parliament to discuss how the Government can support hospitality businesses, it was poignant that one of its traditionally strongest operators, Living Ventures, was announcing that it was reluctantly placing two of its businesses into administration. A key pillar of the northern powerhouse that Manchester has become, the company has rightfully and tirelessly built its reputation on being a career creator, a concept builder, a prudent and shrewd operator. In many ways, and alongside the wider sector issues, the respective failure of both Manchester House and Artisan, is down to the continued vibrancy of the F&B scene in the city that Living Ventures did more than most to create, argues Mark Wingett.
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News
Bauernfeind made permanent CFO at Domino’s
Domino’s has appointed David Bauernfeind as chief financial officer with immediate effect after a successful period in the role on an interim basis.
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News
Feng Sushi MD steps down as it consolidates estate
JD Abbasi, formerly of Farmacy and Giraffe, has stepped down as chief executive of Feng Sushi, the London-based Japanese sushi restaurant and delivery company, as it continues to consolidate its estate.
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News
Pure FY sales pass £15m mark
Pure, the healthy, food-to-go concept, in which Whitbread acquired a 49% stake in 2016, saw sales climb 27% to just over £15m in the year to 28 December 2017, helped by the addition of three new sites and like-for-like sales growth.
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News
Giggling Squid to replace Loch Fyne in Oxford
Giggling Squid, the Business Growth Fund (BGF)-backed group, has further strengthened its openings pipeline, after securing the former Loch Fyne site in Oxford, MCA understands.