All MCA Insight articles in October 2022 – Page 10
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News
Jens Hofma: ‘I am allergic to top-down management’
The Heart with Smart CEO believes a stronger business comes from giving more accountability to frontline teams
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News
BrewDog Retail reports revenue growth
The brewer and operator’s retail division reported turnover of £36.9m, up from £25.2m in 2020 but behind pre-pandemic levels
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News
City Pub launches share buyback programme
The 40-strong pub group has commenced a share buyback programme, in respect of its ordinary shares of 1p each, as referenced in its interim results last month
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News
Pizza Hut strengthens leadership team
Pizza Hut UK & Europe has appointed Kate Vacovec as CFO and Pippa Brain as chief brand officer, with former MD and CFO Neil Manhas having moved to Taco Bell
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News
Burger & Lobster achieves 40% rise in revenue
The nine-strong London restaurant group achieved EBITDA of £1.8m in the year to 2 January 2022 and said it was actively looking for new sites in the UK and overseas
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Interviews
David Campbell: ‘Turning round a company is never easy’
The former Wagamama CEO revists the task at hand at the Pan-Asian brand, which was “flat-lining” and in a “pretty bad state” when he took over in 2013
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News
Urban acquires three new venues
The Queens Head in Shoreditch, Monarchy in Camden Town and The Horseshoe in Hampstead brings Urban Pubs and Bars’ portfolio to 40
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Interviews
Kaspa’s Desserts to fast-track expansion
The nationwide, 90-strong dessert chain plans to open 20 stores over the next 12 months and grow its portfolio in London, MD Francesco Arcadio tells MCA
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News
Greggs: ‘We want to keep the value price leadership’
Following its Q3 update, CEO Roisin Currie speaks about expanding Greggs’ footprint in London and maintaining its edge over competitors
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News
Fat Hippo to make London debut
The Northern-based burger concept will open its 15th restaurant and first London site in Shoreditch on 14 October, followed by a second London site next year
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News
Chopstix secures new franchise agreement
The Asian QSR concept has secured a long-term franchise agreement with Sparta Foods, with plans to open 25 stores in North Wales and the Northwest
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News
Wolseley Group appoints director of people, talent, and culture
Janene Pretorius was previously chief people officer at The Ivy Collection and HR director at Prezzo
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News
Papa John’s bolsters ops team
Lee Reed joins as senior director of operations from KFC UK&I, where he was director of franchise operations
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News
Rare Restaurants’ owner turns around £11m loss
Parent company Lomo Topco has announced turnover for the group, which operates Gaucho and M Restaurants, of £53m for the 53 weeks to 2 January 2022, up from £29.6m in 2020
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Interviews
Nisha Katona: ‘There was no playbook for me on leadership’
The ability to enrich the lives of others and for staff to finish their shift “walking a bit taller” is what motivates the founder and CEO of Mowgli
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News
Greggs continues to trade well despite challenges
Like-for-like sales in company-managed shops rose by 9.7% when compared with the same period in 2021
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Analysis & Insight
Five Guys boosts UK profits
Five Guys has reported a 45% increase in revenue within its UK business, to £237.3m for the year to 31 December 2021,with profit after tax of £26.2m - up from £1.8m the prior year.
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News
Tortilla appoints people director
Holly Foot joins from Hostmore, where she was head of employee relations at Fridays
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News
Fuller’s appoints Sam Bourke to marketing role
The pub and hotels business has appointed Sam Bourke as its new retail marketing director, as it looks to improve the business’ existing brand, digital and in-pub marketing activity.
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News
Revenue up but pre-tax profit down at Tortilla
The fast-casual Mexican restaurant business reported strong like-for-like sales in the first half of FY21 and into the summer, despite the impact of the heatwave and rail strikes