All MCA Insight articles in October 2020 – Page 2
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Analysis & InsightKate Nicholls: VAT cut extension more likely than new EOHO
The Treasury is more likely to extend the VAT cut in April than introduce a new Eat Out to Help Out scheme, Kate Nicholls has suggested.
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Analysis & InsightWahaca’s journey to Nando’s stablemate
The acquisition of Wahaca by the owners of Nando’s gives a much-needed injection of equity to a brand that has experienced more than its fair share of turmoil over its 13 years.
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NewsEveryman hires FTI to assist in rent talks
Everyman Media Group has become the latest cinema chain to hire financial advisors, Sky News reports.
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NewsTGI Fridays to launch sister brand 63rd+1st
TGI Fridays has announced the launch of a new cocktail bar and restaurant brand, 63rd+1st.
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NewsWahaca acquired by Nando’s owner
Wahaca has been acquired in a rescue deal by the billionaire owner of Nando’s.
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NewsMark out of Ten - Papa John’s EFL Trophy
Lately I have been really getting into the idea as a businessperson, brand or marketer, you need to embrace the negative way more than the positive. I have just completed two mini MBAs with former marketing professor Mark Ritson, who argues as part of brand awareness, you must define, measure and track your negative brand associations as well as your positive ones.
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NewsThe Real Greek lines up Bracknell opening
The Real Greek is set to open its 18th site in The Lexicon in Bracknell next month. Located on 12 Eagle Lane, the 145-cover site will include inside and outside seating and will open with delivery and collection after the month-long lockdown comes to an end in December. According to the Fulham Shore-backed brand, it has “continued to thrive” despite the current crisis, and the new opening follows a period of “sustained demand” throughout 2020.
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NewsDeliveroo appoints Worldpay’s Medlock ahead of IPO
Deliveroo has lined up former Worldpay CFO Rick Medlock to chair its audit committee as it prepares to list, Sky News reports.
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NewsRevolution Bars approves CVA, closing six sites
Revolution Bars Group has approved its company voluntary arrangement (CVA), which will see it close six bars.
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NewsPhased reopening set out for Northern Ireland hospitality
Hospitality business in Northern Ireland are to remain closed until at least the 20 November as the country’s ‘circuit-breaker’ lockdown is extended another week. Leaders announced yesterday (12 November) that unlicensed premises, including cafes and coffee shops, will be permitted to reopen from next Friday with an 8pm curfew, and pubs and bars will be able to sell sealed off-sales.
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NewsCaffe Nero enters CVA
Caffe Nero entered announced it had entered into a Company Voluntary Arrangement (CVA) last night, blaming the second national lockdown.
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NewsScientists blame virus spike on ‘crazy scenes’ on eve of lockdown
A rise in coronavirus cases of 50% has been blamed on increased numbers visiting pubs and restaurants ahead of the second lockdown coming into force.
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InterviewsYoung’s CEO Patrick Dardis: ’We’re going to see this through very comfortably’
Normally when a CEO of listed pub company suggests a set of financial results are not really about the numbers, it would raise the eyebrow of an attentive journalist.
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OpinionPeter Martin: Creating the playbook
When David Campbell took on the top job at Wagamama one of the first things he did was start to read. The book was The Way of the Noodle, part written and inspired by Wagamama’s enigmatic creator Alan Yau.
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Analysis & InsightVaccine news boosts sector optimism
Confidence levels in the sector shot up following news of the vaccine, Lumina Intelligence’s Hospitality Leaders Poll reveals.
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NewsSunak denies dropping hints on EOHO
Rishi Sunak has downplayed suggestions that he hinted plans to bring back the Eat Out to Help Out scheme.
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NewsListen to The Conversation
This session was hosted by MCA Deputy Editor Finn Scott-Delany, who was pleased to welcome back Kate Nicholls UKH CEO and Hugh Osmond, Director of Various Eateries. Hugh Osmond was the original founder of Punch Taverns and took Pizza Express public in 1993. The entrepreneur acquired Strada in 2014 via his Sun Capital Partners vehicle, and founded upmarket all-day brand Coppa Club. Hugh has forthright views on the lockdown measures, using a recent Daily Mail opinion piece to warn government, after it announced a second national lockdown, that Christmas is already over in the hospitality sector, and that many hospitality venues will never reopen.
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Analysis & InsightDavid Read: The state of supply
It’s hard not to take the pandemic personally. We all have our own view on the world, but when circumstances conspire time and time again to blow us off course, even from a plan with just a few weeks as its time horizon, it is easy to get downhearted. It’s also easy to forget that the producer, wholesaler and distributor businesses that service our sector have arguably had it even worse. Take this current lockdown for example – many suppliers have spent the first two weeks resolving issues with surplus stock, disrupted delivery scheduling, and coping with massively lower drop sizes; and will shortly need to plan re-opening on December 3rd, with absolutely no visibility on whether the sector will re-open at all, and if it does where, how and when.
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InterviewsVarious Eateries director Hugh Osmond: ‘We’ll be opening new sites as quickly as possible’
Coppa Club operator Various Eateries’ prospects are better than ever despite the latest month-long lockdown, director Hugh Osmond has said.
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NewsPop Golf to launch at Boxpark Wembley
The team behind Playgolf and Mighty Adventures are moving into the competitive socialising space with new concept Pop Golf.