All MCA Insight articles in October 2018 – Page 2
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News
James Hart: 'We still feel like we have the personal touch'
The Harts Group, the operator of Barrafina and El Pastor, has doubled its headcount and made a number of key hires to support the opening of five new restaurants at the Coal Drops Yard development, and to continue its strategy of cautious, organic expansion.
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News
NewRiver disposes of 22 community pubs in £14.8m deal
NewRiver has disposed of a portfolio of 22 community pubs to a private equity investor, in a deal worth £14.8m.
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News
Smashburger appoints Baker as MD
Smashburger UK has appointed Jayne Baker, formerly of Wright & Bell, as its new managing director, MCA understands.
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Analysis & Insight
Positives to be found in Budget announcements
Following Chancellor Philip Hammond’s last Budget statement before Brexit yesterday, MCA takes a look at the key points that affect the sector and gets some immediate industry reaction to the announcements made.
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News
Analysts corner: TRG’s acquisition of Wagamama
Following the news this morning that The Restaurant Group is to acquire Wagamama, we round-up some of the latest analysts’ reaction on the deal, including Shore Capital, Goodbody, Berenberg and JP Morgan.
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News
Co-op opens new format store focused on food-to-go
Co-op has opened a new format store that is focused on the increasing number of consumers that are buying food on the go.
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News
Dacosta confirms details of paella concept launch
Quique Dacosta, the three Michelin-star Spanish chef, has revealed his new rice-focused concept will be called Arroz QD, and will open in Eastcastle Street, Fitzrovia in early 2019.
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News
Ivy Collection to reveal Asian-style format in Spinningfields
The Ivy Spinningfields will be the first restaurant in the collection with ‘The Ivy Asian’ on the second floor.
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News
Bear Coffee secures £230k loan from HSBC
Bear, the East Midlands based speciality coffee shop group, has secured a £230,000 loan from HSBC UK to support its expansion.
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News
BrewDog to reopen Grand Union site under Draft House concept
BrewDog is to reopen the Grand Union site at 55 Charterhouse Street under The Draft House format.
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News
TRG swoops in to purchase Wagamama in £357m deal
The Restaurant Group (TRG) has announced it has conditionally agreed to purchase the entire capital of Mabel Topco Limited – the holding company of a group that owns and operates Wagamama.
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News
Nine Revolution Bar sites brought to market
Fleurets is to market nine freehold investments that are currently let to Revolution Bars.
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News
Additional operators announced for Boxpark Wembley
Cut + Grind and Drums & Flats have joined the line-up to open at Boxpark Wembley at the beginning of December.
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News
GBK lfls fell 9.7% in H1; Wimpy revenue up 13.6%
Gourmet Burger Kitchen (GBK) saw like-for-like (lfl) sales fall by 9.7%, compared to a 3.2% seen in 2017, in the 26 weeks to 26 August 2018.
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Analysis & Insight
Total number of eating out visits falls 0.5% in year to September
The total number of eating out visits in the UK has fallen by 0.5% to 9.7bn in the year ending September 2018, due to a drop in visit frequency, according to the latest MCA Eating Out Panel – Q3 2018.
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Analysis & Insight
Nurturing from within
Recruitment in the sector is already proving difficult, without the fear of a further contracted pool of resources following the UK’s withdrawal from the EU. MCA’s deputy editor Georgi Gyton discusses the benefits that could be gained from focusing more on the talent within.
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News
Chris Marsh resigns as FD at Patisserie Holdings
Chris Marsh has resigned as finance director at Patisserie Holdings with immediate effect.
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News
Tossed signs up to Yapster
Tossed, the healthy eating grab and go concept, is rolling out internal communications platform Yapster across its estate.
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News
The Vurger Co. secures private investment for expansion plans
The Vurger Co. has secured investment from founder and CEO of KBW Ventures, Khaled bin Alwaleed bin Talal, as it looks to expand its vegan burger business, according to Plant Based News.
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News
Biff's Jack Shack heading to Boxpark
Biff’s Jack Shack, the dirty vegan street food concept, is opening in Boxpark Shoreditch. The concept, which serves deep-fried jackfruit burgers, ‘wings’ and sides, made its name at Kerb markets and at a residency at The Haunt pub in Stoke Newington.