All MCA Insight articles in October 2023 – Page 5
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Analysis & Insight42% considering career outside sector
Operators and managers are looking at employee satisfaction with cautious optimism, with pay up and well-being a growing priority, according to research from CGA by NIQ and Harri
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NewsCubbitt House makes ‘vast improvement’ in profits
The TDR Capital-backed premium pub business said like-for-like company EBITDA was £908k in H1 2023, following a loss of £32k last year
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NewsDeliveroo Q3 sales up 7% to £297m in UKI
In the UK & Ireland, growth transaction value (GTV) was up 9%, while orders were up by 3%
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InterviewsYard Sale Pizza: ‘We’re going from strength to strength’
The neighbourhood pizza chain will open three or four sites in next year as it looks to hit 150, founder Johnnie Tate tells MCA
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NewsBoxpark announces £5m Birmingham development
Spanning nearly 17,000 sq. ft, the food hall and events space will feature 10 kitchen units and four bars across two floors, plus 10,500 sq. ft. of external space for al fresco dining and events
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NewsInflation to cost hospitality £864m in business rates
With the rate of inflation in September revealed as 6.7%, the inflation-linked business rates rise in April will cost hospitality businesses an additional £234m
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NewsWhitbread: first half beats expectations
Whitbread has reported a strong H1 performance driven by a differentiated model, with statutory revenue of £1.6bn and statutory profit before tax of £395m
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NewsJust Eat sees ‘strong momentum’ in UK
Gross transaction growth in Northern Europe and UK and Ireland increased in Q3, to +6% and +4% respectively
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NewsComptoir financial director to step down
Michael Toon will step down as financial director after three years at the Lebanese and Middle Eastern restaurant operator
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Analysis & InsightNo-shows double in a year
Research from Zonal and CGA by NIQ shows that 12% of consumers are not honouring their reservations or informing venues in advance that they need to cancel.
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Analysis & InsightHospitality businesses see 5.9% sales growth
Managed restaurant, pub and bar groups achieved 12 consecutive months of year-on-year sales growth in September, according to CGA
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NewsD&D London transaction completes
Calveton and partner Breal Capital have acquired the restaurant and bar group, promising a “clear runway for continued success”
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NewsRevolution sales hit by ‘affordability issue’
Revolution Bars Group’s eponymous brand has been impacted by its 18-25-year-old demographic being disproportionately affected by the cost-of-living pressures, CEO Rob Pitcher tells MCA
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NewsStaff shortages remain ‘significant challenge’
Vacancies in accommodation and food service have increased to 121,000, after five months of consecutive decreases
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NewsPaulo de Tarso joins LSL Capital
Paulo De Tarso has been appointed as head of hospitality at the London-based luxury restaurant group, and will work across the KOYN, Jamavar, Bombay Bustle, MiMi Mei Fair and Socca brands.
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NewsBrewDog ties up with Tesco Clubcard
The craft brewer has announced it is now an official reward partner for Tesco Clubcard, allowing shopper to use their points for pints at a majority of BrewDog bars
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NewsRick Stein increases turnover in 'challenging year'
The Cornwall-based restaurant business reported turnover of £12.5m in the year to January 2023, compared to £11.7m the previous year
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NewsPapa Johns UK appoints MD
Chris Phylactou, who was previously VP of supply chain at the pizza company, replaces Rob Payne as UK MD
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InterviewsKrispy Kreme: The model is very hard to replicate
UK & Ireland president Jamie Dunning tells British Baker how the doughnut brand sees huge potential for growth, with less than a third of UK residents living close to an outlet
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NewsLane7 builds senior team
The boutique bowling concept has appointed a CFO and MD with experience across Merlin Entertainments and Everyman Cinema