All MCA Insight articles in October 2023 – Page 6
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NewsPapa Johns faces headwinds
The 531-strong pizza chain reported turnover of £95m in 2022 and faced pressures on profitability as a result of the wider economic climate
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Analysis & InsightHospitality leader sentiment remains cautious
Katie Gallagher of Lumina Intelligence considers how eating out spend is being driven by low-ticket necessity occasions, while restaurants suffer year-on-year declines in share of the market
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NewsRevolution sees Peach Pubs boost
The bar and pub group grew turnover to £150m, but a challenged late-night bars sector left like-for-like sales down -8.7%
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NewsOodles accelerates Scottish expansion
The Asian fusion QSR brand has several locations planned in Glasgow and Edinburgh, and continues to build a strong pipeline while in the process of openings its first overseas location in Dubai
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NewsOrigin Coffee secures £3.1m investment
Led by Create Impact Ventures, with dairy brand Yeo Valley, the investment will help scale the speciality coffee company’s digital, direct-to-consumer, retail and wholesale channels
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NewsShoryu ramen returns to profit
The Torridoll-backed ramen concept posted net profit of £122k from a turnover of £10.8m
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InterviewsBowland Inns seeking ‘high turnover’ businesses
The pub, hotel and wedding venue operator will focus on acquiring large scale sites going forward, as part of its ambition to double the size of the business in the next five years
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NewsD&D London deal is ‘imminent’
Calveton and Breal Capital are set to acquire the restaurant and bar group, valuing it at about £60m including debt, The Times reports
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NewsNetflix to open bricks-and-mortar locations
The company is planning to open a network of stores offering retail, dining, and live entertainment, with the first to open in the US, followed by major cities around the world
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NewsCreams appoints new COO
Creams Café has appointed Oliver Rodbard as COO as the dessert restaurant chain embarks on the next stage of its national and international expansion
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NewsChipotle UK renews focus on building brand awareness
The fast casual Mexican chain reported revenue of £17.9m in 2022, with growth in the UK partially dependent on increasing sales and familiarity with the brand
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NewsCosta Coffee returns to profit
The coffee chain has reported its 2022 financial results with turnover of £1.1bn, alongside a focus on its omnichannel strategy to create the ‘Total Coffee Company’ proposition and further build on its international foundations
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NewsInvestor slams The Restaurant Group’s £506m price tag
Activist investor TMR Capital has slammed the price of the buyout deal for The Restaurant Group (TRG), claiming it undervalues the Wagamama-owner by around £100m
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NewsJeremy King on mission to revive chic restaurant Le Caprice
The restaurateur is back at Le Caprice for a second time after taking over the lease in August from previous proprietor Richard Caring
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News‘We won’t serve it’: leading UK chefs join campaign to cast farmed salmon off menu
Ethical concerns over sustainability and welfare have seen venues offering new choices to ubiquitous ‘chicken of the sea’, The Observer reports
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NewsWhy is Wagamama so popular? The secret to its success
With the noodle chain’s owner TRG poised for new ownership, The Sunday Times gets a taste of how it conquered Britain
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NewsVultures circle for Stonegate pubs
Funds are circling a portfolio of 1,000 British pubs as the country’s biggest operator grapples with the fallout from soaring interest rates on a multibillion-pound debt pile, The Sunday Times reports
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EventsMCA’s Restaurant Conference returns next month
MCA’s flagship annual event returns on 9 November at The Pullman, London St Pancras, bringing together a who’s who of the hospitality sector
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NewsPizza Hut Europe losses widen
The Yum! operated business reported a loss after tax of $126.1m (£103.7m) for the year ending 31 December 2022, widening from $12.6m (£10.3m) the previous year.
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NewsBurger King UK secures £35m investment
The Burger King master franchise business secured new funding from existing backer Bridgepoint, while confirming plans to add over 60 restaurants over the next two years. Meanwhile 2022 revenues were up 39% to £294.5m