All MCA Insight articles in October 2021 – Page 5
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News
Big Easy lines up first restaurant outside London
The barbecue and lobster restaurant is to open a 6,100 sq ft site in Bluewater shopping centre.
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News
Marugame Udon joins Restaurant Conference line up
Keith Bird, CEO at Japanese fast-casual brand Marugame Udon will take part in an exclusive Q&A at MCA’s Restaurant Conference next month.
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News
D&D revenue hit as staff shortages suppress capacity
A lack of staff has meant the restaurant group has had to reduce covers, with the situation likely to worsen as Christmas approaches.
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News
Giggling Squid builds dark kitchen presence
The Thai restaurant group has continued to achieve strong delivery and takeaway sales and plans to expand its delivery-only estate alongside a pipeline of restaurant sites.
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Interviews
NWTC: ‘We want to open 8-10 sites a year’
Boasting a growing list of forthcoming sites, New World Trading Company looks very much like a business that is making up for lost time.
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News
Shortage of door staff risking public safety
The late-night sector has struggled to fill vacancies since it reopened in July after many people left the industry due to the prolonged shutdown period during the pandemic.
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Opinion
What can Greggs’ marketing teach us about surviving the Covid storm?
The top 75 UK brands are currently growing faster than the FTSE 100, indicating the power of strong brand equity to drive business performance, writes Kantar’s Dom Boyd.
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News
UK companies cool on IPO plans as investor jitters grow
Steak chain Hawksmoor postpones listings, while PureGym reconsiders its flotation
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News
Chips down as fry bag shortage hits Burger King
Latest sign of supply chain issues sees fast food restaurants run out of packaging
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News
Neat Burger raises money from SoftBank’s Misra at $70m valuation
Tech executive leads fundraising round for Lewis Hamilton-backed vegan restaurant chain
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Opinion
It’ll take more than higher pay to get work-shy Britain working
The hospitality sector faces collapse, in part due to our cultural aversion to unsocial hours
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News
Raymond Blanc’s restaurant group set for £50m takeout
The restaurant chain founded by celebrity chef Raymond Blanc is poised to change hands in a deal that will allow it to expand its pubs business, the Sunday Times reports.
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News
Greggs and Leon products to be sold in premium Asda convenience stores
The ‘Extra Special’ store feature products from EG owned food-to-go brands and franchise partners.
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News
UKHospitality requests urgent meeting with the Treasury
Government plans for a major overhaul of business rates have been “thrown into the long grass”, according to reports
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News
Lumina Intelligence: premiumisation drives menu price inflation
Menu price inflation was +1.9% across chain, managed pub/bar and fast food restaurants in Spring/Summer 2021 with further rises expected.
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Analysis & Insight
Proportion of EU workers continues to decrease
The proportion of hospitality staff from the European Union (EU) has continued to decrease, with British workers filling more roles than ever, according to the latest data from software provider Fourth.
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News
Fridays’ parent company Hostmore to list in November
Hostmore reiterates its intention to demerge from Electra Private Equity and begin trading as an independent listed company
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News
TriSpan, Imbiba and Tamweel Capital join Restaurant Conference
The availability of capital for those looking to expand will be discussed in this special panel at MCA’s flagship conference.
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News
Loungers achieves 'significant outperformance of market'
Loungers has seen like-for-like sales up 27% since reopening its restaurants on 17 May, compared with the same 20-week period in 2019.
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Analysis & Insight
Increasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.