All Operators articles – Page 17
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Analysis & InsightBranded restaurants with strongest sales growth offer least promotions
Top 25 branded restaurants offer seven promotions on average per brand, but those with the strongest sales growth offer an average of three, the MCA’s latest Operator Index has revealed.
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Analysis & InsightFood to go outperforms the wider market
Average food to go frequency has grown by 4.8%, outperforming the 1.3% growth in the wider market, MCA’s Q3 Food to Go Tracker has found. Food to go average spend also grew rapidly at a rate of 12.8%, compared to 4.6% spend growth in the total eating out market.
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Analysis & InsightIndustry optimism at highest point in 18 months
Optimism in the eating and drinking-out market has risen to its highest point in 18 months, but Brexit uncertainty continues, the latest Business Confidence survey from CGA and Fourth has revealed.
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NewsGrowth Company Index 2020 launched
MCA is teaming up with Alix Partners again this year to find the top 50 private hospitality firms with the fastest-growing profits. If your company has three years’ audited accounts and turnover in excess of £3m, then please get in touch before 1 February to be considered for this year’s list. Previous entrants do not need to re-apply, but if you’d like to be considered for the first time, please contact james.halliwell@wrbm.com.
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NewsRola Wala founder buys business out of administration
Rola Wala founder Mark Wright has bought back the brand and assets of the Indian wrap concept after it went into administration with liabilities of £511,585.
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NewsTossed operator CVA proposals approved
Tossed and Vital Ingredient parent company Zest Food has had its CVA plans approved, safeguarding its 24-strong estate from closures for now.
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NewsMarket Hall’s Simon Anderson: ‘We’ve tried to create theatre’
The co-founder of the food hall concept explains how the project’s experiential aspect combines with adventurous Asian cuisines.
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NewsFlank: ‘You’ve got to give customers what they want.’
From pub pop-up origins, Flank has gone through various iterations since arriving in London, its latest poultry focussed format Good Birds created specifically for Market Halls West End. Directors Tom Griffiths and Ben Rowland discuss developing a more commercial edge at the business, while keeping in touch with their founding ethos.
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NewsChilango expected to launch CVA
Burrito chain Chilango is expected to launch a company voluntary arrangement (CVA) to avoid administration, City AM reports.
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NewsMowgli sets sights on the south coast
Indian street food restaurant group Mowgli is looking at locations including Newcastle, Preston, Bath, Brighton and Coventry as part of its expansion plans for next year and beyond.
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NewsNusa secures £300k investment
Nusa Kitchen, the Singapore soup concept, has raised £300,000 investment towards its growth plans, CEO Hubert Zanier has told MCA.
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NewsOlives & Meze takes Chip Nation site in Soho
Olives and Meze, the Turkish Greek restaurant from Clapham, has secured its second site, in Soho.
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NewsL’Atelier du Vin secures third site
L’Atelier du Vin, the premium wine and cocktail bar concept, has secured its third site, in Brighton’s Laines.
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NewsShoryu Ramen launches franchise plan
Shoryu Ramen has teamed up with Seeds Consulting for a franchise partnership aimed at growing the Japanese brand in the UK and internationally.
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NewsGluten-free pasta concept is second in pop-up partnership
A gluten free pasta concept has taken the former Stem site in Mayfair, MCA understands.
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NewsThe Alchemist: ‘People thought we were just a chavvy northern cocktail bar’
This week sees The Alchemist open its biggest and most ambitious site yet, in Canary Wharf.
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NewsDonut King launches third Debanhams site
Donut King, the Australian-founded brand from Retail Food Group (RFG), has opened its third UK site with Debenhams. The latest site opened in Debenhams’ Wigan store, and follows previous openings in Basildon’s Eastgate Shopping and Sheffield earlier this year. The partnership is being led Sam Shutt, head of retail food ...
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NewsComptoir Libanais: Wigmore Street in pictures
Comptoir Libanais has reopened its Marylebone site under a new bright and vibrant design scheme. Founder Tony Kitous has curated the new décor, which is inspired by memories of his childhood growing up in Algeria, while aiming to transport guests to the vibrant souks of Beirut, Marrakesh, Istanbul and Cairo.
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NewsTossed and Vital to undergo CVA
Tossed and Vital Ingredient operator Zest Food has submitted proposals for a Company Voluntary Arrangement (CVA), following a decline in trading at the Vital estate.
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NewsWheelcake Island secures debut in Westfield London
Taiwanese pancake and snack brand Wheelcake Island has secured its first standalone site, in Westfield London