All MCA Insight articles in October 2023 – Page 2
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Analysis & InsightFurther pub closures forecast for 2024
A combination of energy costs, business rates, and tax pressures will see another 750 pub closures in the first half of 2024, according to Frontier Economics
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NewsHow ‘craft sake’ became the calling card of Britain’s coolest restaurants
Innovative brewers are giving Japan’s famous fermented drink a new sense of place
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NewsCap UK’s sugar supply to fight obesity, say campaigners
Environmental and health experts say the UK grows or imports two and a half times the population’s recommended intake
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NewsIssa brothers admit error in letter to MPs on Asda offshore ownership
The brothers have admitted submitting error-strewn evidence about the offshore ownership structure they created for Asda
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Analysis & InsightWhy six pubs are closing every day, with the number across UK falling below 100,000
For the first time since records began, Britain has fewer than 100,000 venues serving alcohol as drinkers shun pubs and clubs due to soaring prices
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Analysis & InsightPremium brands driving restaurant sales growth
Premium restaurant brands are achieving growth with consumers increasingly opting for experience-led quality dining, according to Lumina Intelligence.
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InterviewsPunch Pubs confident in internal expectations
The 1,248-strong pub operator expects cash flow, profitability, and EBITDA to grow going into FY24, according to CEO Clive Chesser and CFO Steve Dando
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InterviewsEeetwell: ‘We plan to expand heavily in the UK’
International fast-casual restaurant eeetwell has ambitions to open 80 sites in London through a franchise model, and bring its convenient, health-led offering to all corners of the city.
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Analysis & InsightLoungers: opportunity to revisit valuation
Analyst Berenberg has increased its price target to 360p, citing recent takeover announcements in the sector leading to greater focus on the low valuations many leisure names have been trading on
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Wagamama, ASK Italian, Big Mamma Group and Three Uncles
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Analysis & InsightNight time economy businesses vanishing at ‘alarming’ pace
The night time economy has seen a 5% decline in independent businesses between 2022 and 2023, according to figures from CGA
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NewsPret expands presence in Germany
The food-to-go chain is to open five new shops in Berlin, with Germany being a key market in its plans to double the size of its business by 2026
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NewsPunch Pubs reports strong full year results
The 1,248-strong pub operator reported like-for-like growth across divisions, with total revenue of £313.5m for FY23, up from £284.4m in FY22
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InterviewsIndegno: ‘We’re spearheading modern Italian street food’
Co-founder Andrea Liotta reveals to MCA his ambitions to make Britons fall in love with Bolognese street food dish the Crescentina
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Analysis & InsightIs investment returning to the hospitality sector?
Nick Wallis, partner at Shelley Sandzer Corporate Finance, sees positive signs for the recovery of the sector in a flurry of recent M&A deals
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Analysis & InsightTRG/PizzaExpress combination offers ‘compelling logic’
MCA asks industry commentators about a potential bid by PizzaExpress owner Wheel Topco for The Restaurant Group, a deal that could not only see cost synergies but combine two of the high street’s biggest brands
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OpinionLessons from a wet Wednesday down the pub
Peter Martin explores how Mitchells & Butlers’ steady evolutionary approach and gradual shift towards premiumisation is giving its established brands longevity
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InterviewsState of Play Hospitality and the ‘massive opportunity’ for Hijingo
CEO Toby Harris speaks to MCA about the national and international potential for the bingo concept, an all-new digital gaming platform for Bounce, and why America remains the core strategic focus for the group
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NewsKFC ends partnership with Deliveroo
The QSR brand will build on its own delivery service, alongside Just Eat and Uber Eats, after it was unable to reach an agreement with Deliveroo on commission rates
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NewsJKS revenues reach £50m
The Sethi family-run restaurant group nearly doubled sales in 2022, while EBITDA was £5.5m