All MCA Insight articles in October 2022 – Page 4
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News
Bodean’s BBQ founder to launch sandwich concept
Bodean’s BBQ founder Andre Blais is launching premium sandwich business Gerry’s Hot Subs, and has currently raised £190,000 on Seedrs
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News
Deliveroo growth continues to slow amid headwinds
Growth in gross transaction value in the UK & Ireland outperformed international growth in Q3 2022, but declined quarter-on-quarter
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Formula 1, Miznon, Gaucho, Daisy Green, and more
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News
Boston Tea Party reports loss in 2021
The 25-strong cafe operator reported a drop in sales in the year to October 2021, but stated it is well placed to navigate headwinds in the current financial year
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News
Anglian Country Inns reports lfl revenue up on 2019
The pub and inn operator reported a 20% rise in like-for-like (lfl) revenue on 2019, with revenue of £14.3m for the 52 weeks ending 3 April
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Analysis & Insight
Hospitality sees sharp fall in output in September
Pubs, hotels, and restaurants experienced the sharpest falls in output of any UK sector in September, according to the Lloyds Bank UK Sector Tracker
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Analysis & Insight
Hospitality loses 2,200 sites in three months
Britain’s licensed sector has lost over 2,200 sites between June and September as rising costs take their toll, according to the Hospitality Market Monitor
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News
Lumina to deliver exclusive insight on omnichannel opportunity
Blonnie Whist will examine the power of restaurant brands in retail at the MCA’s Omnichannel Foodservice Conference on 9 November
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News
Sessions, Oowee, and Le Bab to speak at Generation Next event
The forum from BigHospitality, Restaurant Magazine and MCA will feature a range of up-and-coming businesses
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Interviews
50 Eggs eyes London debut
The Yardbird operator is resurrecting plans to bring the award-winning TriSpan-backed concept to London
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News
UKH: ‘We are at risk of an inflationary spiral’
Sky-high levels of inflation are putting the sector under huge pressure and could even lead to higher prices, UKHospitality CEO Kate Nicholls has warned.
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News
Caffè Nero reports strong Q1 sales
Sales in the four months to the end September 2022 were at 107% of pre-pandemic levels, with the coffee chain planning for seven new UK openings in Q2
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News
Caprice CFO departs
Chris Robinson has been replaced by Humera Afzal, who will oversee all Caring-backed restaurants, including The Ivy Collection, Bill’s, Birley Clubs and those in the Caprice stable
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News
Peckwater acquires ex Bird site
The 3,200 sq ft space in Shoreditch will serve as a restaurant, development kitchen and engagement centre for Stonegate-backed virtual restaurant company
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News
Nando’s appoints new group CFO
The restaurant chain has appointed Matthew Edward Bennison as its new group chief financial officer, taking over from Luke Tait.
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News
Further rail strikes announced for November
Workers will walk out on 3, 5 and 7 November, with the unions threatening mass strikes heading into the winter
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News
Inflation hits 10.1% in September
Consumer price inflation increased to 10.1% in September from 9.9% in August, driven by a 14.6% increase in food and non-alcoholic beverage prices
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News
Revolution Bars Group is back in the black
The group turned around a £26.3m loss in 2021 to report a profit before tax of £2.1m in the 52 weeks to 2 July 2022, but recent sales have been hit by falling consumer confidence
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News
Fuller’s launches bespoke campaign attract older workers
The pub and hotel operator has launched a recruitment campaign with Rest Less, a community for people in their 50s or older
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News
Just Eat Takeaway reports return to profit
The delivery company has announced profitability earlier than expected, with positive adjusted EBITDA in its trading update for Q3 2022