All MCA Insight articles in October 2023 – Page 8
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Analysis & InsightOnly 50% of pubs profitable due to cost pressures
Trading insight from the British Institute of Innkeeping highlights that strong sales are failing to translate into profit for many pub businesses.
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Analysis & InsightEdition Capital: ‘Demand is still there’
Despite a challenging economic backdrop, the outlook for fledgling restaurant businesses remains positive, according to senior partner Harry Heartfield.
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NewsFormer Patisserie Valerie CFO denies fraud charges
Christopher Marsh was previously charged with fraud alongside three others, in connection with their role in the collapse of the cafe chain in 2018
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NewsM&B to launch new smokehouse concept
Orleans Smokehouse will be inspired by the “flavours of New Orleans” and will open its first site in Birmingham early next year
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NewsZoe Bowley joins Greene King
Greene King has appointed former PizzaExpress MD Zoe Bowley on a nine-month contract to oversee the Metropolitan Pub Company, as current MD Michael Horan steps down
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NewsYard Sale Pizza sees scope for 150 sites
The London-based neighbourhood pizza chain is seeing year-to-date like-for-like sales growth at over 15%, according to CEO Johnnie Tate
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NewsJoseph Holt sees strong recovery
The Manchester-based brewer, which operates c125 pubs, reported turnover of £70m for the 2022 financial year
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Analysis & InsightMore consumers noticing dynamic pricing, research finds
Almost half of 2,000 consumers surveyed report being charged more for food and drink during busier times, according to Barclays
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NewsArcade Food Hall appoints FD
Alan Wong, formerly of Caprice Holdings and Hakkasan Group, has been appointed finance director for the food hall concept
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NewsHop Vietnamese: ‘The city is starting to see some great growth’
The Vietnamese-inspired QSR brand is seeing central London trading return to growth as it ramps up expansion across the capital
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InterviewsBurger & Lobster looks to double estate
MD Dino Sura speaks to MCA about adding five to eight restaurants to the UK estate, driving dwell time and average spend, and keeping things fresh
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Analysis & InsightRestaurant and takeaway spending slows
The Rugby World Cup drove spending at pubs and bars in September, yet growth slowed on restaurants and takeaways as consumers begin saving for the festive period
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NewsSt Peter’s Brewery acquires Curious Brewery
One of the UK’s oldest craft brewers has acquired Kent-based Curious Brewery for an undisclosed sum
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NewsCaprice Holdings announces return to profit
The Richard Caring-led restaurant group has reported financial results for the year to 1 January 2023, with a 71% increase in turnover to £74m
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NewsBill’s Restaurants in ‘better long-term position’
The all-day dining chain reported turnover of £104m in the year to January 2023, as a result of the strategy to focus on its core profitable sites
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NewsBritain’s pork pie supply at risk as rising costs bite
The iconic British snack faces disruption from inflation and the war in Ukraine
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Analysis & InsightPlant-based meat industry on mission to rebrand itself as healthy option
The sector, which is under pressure from falling sales, seeks to counter criticism that its products are highly processed
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Analysis & InsightLondon has most pub closures over six months in England
More pubs closed in London in the first six months of this year than anywhere else in England, a study has found
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Analysis & InsightWetherspoon ‘well placed’ to navigate choppy waters
The 826-strong pubco is seeing a resurgence across multiple parts of its offer, including cocktails, wine, breakfast, and coffee, chairman Tim Martin tells MCA