All MCA Insight articles in October 2023 – Page 3
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NewsFuller’s receives payout over business interruption claim
The pub company has won a £500,000 lawsuit against insurance giant Aviva for a business interruption claim during the pandemic
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NewsBoxpark grows sales by 35%
The dining, leisure and retail concept posted revenues of £20.5m and EBITDA of £5m in the year to April 2023
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Analysis & InsightRestaurants’ delivery sales rise but takeaways dip
After a surge during the pandemic, and a steady fall since, restaurants’ at-home sales are settling into a new pattern of solid year-on-year growth, according to CGA by NIQ
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NewsHeineken: Inflationary pricing is weakening demand
CEO Dolf van den Brink says though pricing is tapering, the Dutch brewer is observing a slowdown of consumer demand in various markets
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NewsPizza Express makes approach for TRG
The Restaurant Group has confirmed Pizza Express has made a request for information to evaluate a possible rival offer for the company
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Analysis & InsightWarm September prompts month-on-month delivery decline
While delivery fell back, restaurants, QSR, and retail all benefited from increased footfall, according to Lumina Intelligence
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NewsNew people & culture director at Arc Inspirations
Arc Inspirations has appointed Lee Woolley as people & culture director, supporting the premium bar operator’s commitment to driving a people-first culture
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NewsCooks Coffee appoints administrators for Triple Two business
The operator has appointed RSM UK Restructuring Advisory LLP, citing a loss of momentum for its Triple Two coffee brand
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Analysis & InsightReturn to normal habits drives more eating out occasions
As inflation eases and consumer confidence improves, Lumina Intelligence senior insight manager Katie Gallagher sees a return of consumers to the market – with a skew towards drinks
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Analysis & InsightThe pizza market in 2023: ‘It’s too crowded’
MCA explores the up-and-coming brands looking to take on the dominant pizza chains, the potential for new innovation to dethrone Neapolitan as the leading trendsetter, and the thoughts of former Fulham Shore boss David Page on how the landscape has changed
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NewsGusto posts £24.2m sales
The 14-strong premium Italian restaurant operator made EBITDA of £0.9m in 2022, and is currently trading “ahead of expectations”
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NewsRed Oak acquires 17 pubs from St Austell
The 212-strong pub operator has announced it will complete the purchase from St Austell Brewery’s leased and tenanted estate next week, including sites across Cornwall, Devon, and Somerset
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InterviewsBanana Tree: ‘There’s potential to grow the brand significantly’
The Big Table Group brand is on track to double its estate in less than a year and is exploring expansion outside the Southeast, MD Anne Chow tells MCA
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NewsJurassic Grill up for sale
The four-strong dinosaur-themed restaurant chain is being marketed with a guide price of £1.3m, offering “amazing potenital” for the buyer
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NewsWagamama appoints people & culture director
Vicky Hall, previously head of people at Wagamama, replaces Matt Hudson
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NewsPatty & Bun closes Old Compton Street
The closure, which leaves the burger brand with eight restaurants and two concessions, comes after it approves a CVA
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NewsHall & Woodhouse offloads Rio
Irn Bru maker A.G. Barr has aquired the tropical drink brand for £12.3m
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NewsSector stars join Restaurant Conference line-up
Caravan chair Jane O’ Riordan and Fulham Shore founder David Page will deliver keynote sessions at this year’s Restaurant Conference in just over two weeks’ time
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InterviewsBurger & Sauce keen to break into London
The Midlands-based fresh burger chain is confident in its “proven business model” when it comes to expansion in the capital, and will target future franchise openings across the UK’s major cities.
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NewsFuller’s: Pub closures will increase tenfold without business rates relief
Pub and restaurant closures will continue to rise without business rates relief, says Simon Emeny, chief executive of Fuller’s