All MCA Insight articles in October 2019 – Page 2
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NewsStonegate reveals sports fan plan to entice 87% who prefer to stay at home
Stonegate Pub Company has revealed an action plan to encourage sports fans into its venues, after research revealed 87% of consumers preferred to stay within the comfort of their own home to watch sport.
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NewsAdministrators appointed at Bumpkin and Eclipse operator Ignite
Ignite, the premium West End operator which was once a favourite of Prince William and Prince Harry, has been taken into administration, MCA understands.
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NewsBrewdog bars lose £235k amid expansion drive
Brewdog’s bar division made a pre-tax loss of £235,000 in 2018 - up from £45,00 in 2017.
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InterviewsPizza Express: ‘We are starting to experiment with much more interesting flavours’
Pizza Express’ food and beverage director, Jane Treasure, talks to Sarah Sharples about trends coming out of Italy, the pace required in innovation and why meat indulgence isn’t going anywhere.
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NewsBeer tops table as most consumed alcoholic drink
Beer is the most popular alcoholic drink, by volume sold, according to the latest research from the British Beer & Pub Association (BBPA).
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NewsBorough Market to launch communal dining space
Borough Market is launching a communal dining space, The Borough Market Kitchen, in Jubilee Place.
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NewsWhitbread appoints new non-executive director
Whitbread has appointed Horst Baier as a non-executive director, with effect from 1 November 2019.
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NewsPizzaExpress hires advisers for debt talks
PizzaExpress has hired financial adviser Houlihan Lokey to prepare for debt talks with its creditors amid continued tough trading conditions, Bloomberg reports.
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NewsEi hits back at publican tax charge
Ei Group CEO Simon Townsend has denied the pub company unduly influenced the way the industry is taxed.
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NewsKFC profits plunge after chicken crisis
KFC UK saw its turnover and profits plunge following its distribution crisis last year, but did not swing to a loss over all.
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NewsThai Leisure Group CVA is approved
Thai Leisure Group has had its proposed Company Voluntary Arrangement approved by its creditors.
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NewsYapster raises £2.6m
Yapster, a communications platform for hospitality workers, has raised just over £2.6m as the company looks to deliver on its ambitious growth plans for 2020 and beyond.
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OpinionMosaic: A picture of health
Having reached close to 30 sites over the past four years, Georgi Gyton met with the joint chief executives of Mosaic Pub & Dining to find out more about the pub operator’s growth so far and what the future holds.
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NewsBurger & Lobster ‘pleased’ despite ‘challenging environment’
Burger & Lobster has revealed a 10% drop in sales from £42.2m to £37.9m in 2018, due primarily to the sale of its Manchester site. Overall EBITDA was £5.7m, down from £6.2m in 2017, which the business said was due to a “challenging operational environment in London for casual dining”. However it said gross profit margin was up from 61% to 65% which the business said was the result of “better labour and food and beverage cost” controls.
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OpinionThe Ivy Collection: ‘We have a formula that works’
With five new openings in November including a second Asian concept in St Paul’s, The Ivy Collection is confidently bringing its aspirational glamour across the UK. Ahead of a busy month, managing director Baton Berisha discusses his workaholic tendencies, executing Richard Caring’s vision, and the group’s unique formula for success.
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NewsMOD Pizza UK reports £6.9m losses in 2018
MOD Pizza UK has reported losses of £6.9m in 2018 – following losses of £11m the previous year.
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NewsMcDonald’s turnover down amid franchise focus
McDonald’s UK saw turnover decrease in 2018 as its continued focus on franchising increasingly recognised incomes over sales.
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NewsWages already on track to exceed chancellors target
Average hourly wages in the hospitality industry are on track to hit £10.60 over the next five years, slightly ahead of the target of £10.50 by 2024 announced by the chancellor last week. Wages have consistently grown annually by 4% since the NLW was introduced in 2016. And although Sajid Javid also announced plans to lower the age threshold for qualification for the NLW from 25 to 21, the gap between the two has also diminished over the last three years and now sits at £8.70 and £8.55, respectively.
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NewsShake Shack to open 12th site in Brent Cross
Shake Shack is to open its 12th site in the UK, at Brent Cross shopping centre, in North West London.
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Analysis & InsightSpending up 12.9% at wet-led venues
Spending at pubs, bars and clubs grew by 12.9% year-on-year in September, according to the latest data from Barclaycard.