All MCA Insight articles in October 2018 – Page 15
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NewsLeelex placed into administration
Leelex, the Leeds-based bar and restaurant operator, has been placed into administration, MCA has learnt.
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NewsSoho House pauses plans for IPO
Nick Jones, the Soho House chief executive, has said the group has no immediate plans to go ahead with an initial public offering.
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NewsHubbox confirms expansion plans
Hubbox, the Cornwall-based burger and barbecue business, has confirmed its plans to grow to 18 - 20 sites by the end of 2021 as well as making some improvements to its existing estate.
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NewsEi Group sells back Hunky Dory stake to Oakman
Ei Group has exited a managed investment partnership for the first time after selling back its 51% in the Hunky Dory Pubs joint venture to Oakman Inns.
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Opinion
If Amazon ran a restaurant group, how would it differ to yours?
Yumpingo chief executive Gary Goodman says customer data can be as transformative in our sector as it has been in retail - but it must be a force for good which enhances the guest experience rather than a disruption.
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News
Property housing Ottolenghi’s ROVI sold for £65m
Great Portland Estates has announced that it has exchanged contracts to sell 55 Wells Street, W1 to an overseas investor for £65.4m.
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NewsHippo Inns confirms Blackfriars opening
Hippo Inns, the joint venture between Ei Group and Rupert Clevely, has confirmed its 12th site will be the former White Swan Tavern in Blackfriars, as first reported by MCA in July.
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NewsFive Guys closes first UK site
Five Guys, the US better burger brand, has closed its first site in the UK.
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NewsTRG brings nine more sites to market
The Restaurant Group has brought another nine sites to the market, following the successful disposal of 31 restaurants to date.
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NewsTeatulia to open first London site; eyes further UK expansion
Teashop, cocktail bar and literary salon Teatulia is to open its first site at 36 Neal St in Covent Garden later this month, with further expansion planned in the UK.
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NewsBigDish makes appointment for UK growth; launches new Merchant App
BigDish has appointed Sanj Naha to assist in developing the company’s strategy for growth in the UK.
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NewsZammit steps down from 7Bone
7Bone co-founder Rich Zammit has stepped down as a director of the dirty burger restaurant concept, MCA understands.
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NewsDeliveroo pre-tax losses increase to £184m
Deliveroo’s pre-tax losses increased to £184.7m in 2017 – up from £129.1m in 2016 – as it invested an additional £106m in the business.
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News
Mildreds and Encore Capital deny sale report
Reports that Encore Capital has acquired vegetarian restaurant group Mildreds has been denied by both parties.
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OpinionThe tip that became a shove
The brief announcement at the foot of the Conservative Party conference yesterday that the Government would finally push forward legislation on tipping, was met with carefully worded statements of support from several high-profile brands. Off-the-record, however, operators were seething at the manner in which this has been announced and the lack of detail provided. James Wallin rounds up some of the sector’s concerns about this tipping point.
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NewsStarbucks UK restructures ops team
Starbucks UK has restructured its operations team as its rate of expansion continues to slow, MCA understands.
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NewsInverleith takes majority stake in Planet Organic
Scottish-based investment fund Inverleith has acquired a majority stake in supermarket and food-to-go chain, Planet Organic, in a deal thought to be worth £15m.
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NewsStar launches regional forums
Star Pubs & Bars is launching a series of nine regional forums around the country throughout October, culminating in a national forum in Amsterdam.
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NewsJDW and Nando’s win SRA awards
Nando’s, JD Wetherspoon and the Luke Johnson-backed Lussmanns were among the winners at the Sustainable Restaurant Association’s Food Made Good Awards 2018.
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NewsRobinsons FY tenanted lfls up 3.1%
Family brewer and pub operator, Robinsons, has reported like-for-like sales (lfls) in its tenanted division up 3.1% in 2017, with its currently 11-strong managed growing lfls by 15.6%.