All MCA Insight articles in October 2018 – Page 12
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News
Burning Issue
As Burning Night goes into administration, MCA news editor Finn Scott-Delany looks at its track record of raising investment, and asks whether more accountability is needed to protect investors in crowdfunding campaigns.
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NewsPatisserie Valerie owner faces crisis 'over £20m accounting hole'
Patisserie Holdings, the owner of Patisserie Valerie, has suspended its shares from trading on AIM after uncovering “significant, and potentially fraudulent, accounting irregularities”.
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News
Marston’s acquires 15 Aprirose pubs
Marston’s has reached agreement to acquire 15 former Mitchell’s & Butlers’ pubs from Aprirose.
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NewsLV puts Artisan and Manchester House into administration
Living Ventures has said that after ”a period of difficult trading” it has taken the decision to put its Artisan and Manchester House businesses into administration.
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NewsCity Pub Group raises £6.2m though Placing
City Pub Group has raised £6.2m through a share placing as it seeks to capitalise on opportunities in a “softening acquisitions market”.
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NewsBurning Night placed into administration
The Burning Night Group, the Leeds-based bar operator, has been placed into administration, MCA understands.
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NewsBrewDog to launch bar franchise offer
BrewDog is to launch a bar franchise offer in the UK, as part of its BrewDog Blueprint of 30 initiatives to drive growth over the next decade.
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Analysis & InsightSector headcount could shrink 10% by 2022 unless Government acts
New research has highlighted the potential for the sector’s economic contribution to fall 5% and for its workforce to decline 10% by 2022, due to increasing external pressures.
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NewsTodd promoted to MD of K10
Reuben Todd has been promoted to managing director of London-based sushi concept K10, as the brand eyes further growth in the capital in 2019.
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NewsAmber Taverns secures first Scottish site
Amber Taverns, the wet-led community pub operator, has secured its first site in Scotland, MCA understands.
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Analysis & InsightBusiness re-modelling in the full-service casual dining sector
The casual dining market grew over the last 30 years in response to customer needs for accessible and assured restaurant brands. However, new market segments are emerging that challenge the future consumer need for casual dining. How do brands in this sector evolve to ensure long term success and growth? Ian Dunstall discusses
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NewsHonest Burgers reports FY EBITDA increase
Honest Burgers, the Active Partners-backed chain, has reported a rise in both restaurant EBITDA and Group EBITDA in the year ended January 2018, driven by the opening of seven new restaurants, including the first out of London locations in Reading and Cambridge
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News
Fisk to double up in Harrogate
Fisk is to open a second site in Harrogate – its third in total, at Montpellier Mews, next month.
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NewsStudy shows 92% of councils recognise value of late night sector
A study by the Local Government Unit and the Portman Group, which found that 92% of councils believe that the night time economy will play an important role in preventing the decline of the high street, has been welcomed.
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NewsGreggs Q3 lfls up 3.2%
Greggs has reported like-for-like sales (lfls) up 3.2% in its managed shops in the 13 weeks to 29 September, with total sales growing 7.3%.
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NewsIndustry coalition calls on Chancellor for action
UKHospitality and a coalition of hospitality businesses have written to Chancellor Philip Hammond to call for targeted support in this month’s Budget that will protect the economic contribution made by the sector.
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NewsShepherd Neame confirms acquisition of Ebbsfleet site for pub hotel
Shepherd Neame has confirmed it has acquired a new site at Ebbslfeet Garden City, a major strategic development bordering Greater London and Kent.
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Opinion
Translating digital dreams into operational reality
Much of the innovation at the top end of the sector in recent years has been focussed on or driven by technology, but large swathes of the industry still remain relatively untouched by this digital revolution. Simon Stenning assesses the areas in which technology can have a tangible impact for operators, including the rapid development of electric cars.
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Analysis & Insight
Services industry recruiting at lowest level for 25 years
The services sector, including pubs, restaurants and hotels, are recruiting staff at their lowest levels seen in 25 years, according to the British Chambers of Commerce’s (BCC) latest Quarterly Economic Survey.
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NewsCover drive
Following success in Brixton and Soho, Indian small plates restaurant Kricket has opened its largest restaurant yet. Joe Lutrario reports.