All Prezzo articles – Page 6
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NewsThe rise of the CVA – the licensing view
With the rise in the number of company voluntary arrangements (CVA) what, from a licensing perspective, do operators need to be aware of when a company is nearing the point of entering into such an arrangement? Poppleston Allen’s Jonathan Smith explains more
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NewsStraight outta Cornwall
For a number of years, Hubbox, the US street food-inspired concept, was one of the West Country’s best-kept secrets but securing new investment and a high-profile chairman over the past 18 months means the business will need to win over new fans. Mark Wingett talks to founder Richard Boon
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NewsMorrison steps down from Giggling Squid
Peter Morrison has stepped down as operations director at Giggling Squid, the BGF-backed Thai casual dining group
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OpinionMartin: ‘It only takes one optimist to agree a daft rent’
JD Wetherspoon’s outspoken founder and chairman Tim Martin shares his thoughts on ‘the insane rent review market’, and why it’s not necessary clear who’s to blame
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News
Turquoise Kitchen secures Loch Fyne site
Turquoise Kitchen, the Turkish concept from the group behind The Real China, has add a further three sites to its estate
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Analysis & InsightGreater use of psychological pricing expected
The use of psychological pricing is expected to increase, as market conditions remain tough and operators try to tempt customers through their doors, according to new MCA research.
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OpinionAre landlord-only CVAs prolonging the slow death of the high street?
REL Capital chairman Andy Scott asks if the latest wave of CVAs is being used as a disingenuous attempt by high street brands to dodge their rent commitments
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NewsChicago Rib Shack opens sixth site
Chicago Rib Shack has opened its sixth site after taking on the former Prezzo unit in Wandsworth’s Southside Shopping Centre.
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NewsBerry swaps Prezzo for Bill’s
Bill’s, the Richard Caring-backed restaurant chain, has appointed Colin Berry, formerly of Prezzo, as its new finance director, MCA has learnt.
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NewsUberEats acquires OrderTalk
OrderTalk, the software provider to the restaurant sector chaired by Maurice Abboudi has been sold to UberEats for an undisclosed sum.
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OpinionCasual dining veteran accentuates the positive
As one of the pioneers of casual dining in the UK, PizzaExpress holds a unique position in the nation’s psyche. UK managing director Zoe Bowley talks to Mel Flaherty about keeping the brand relevant after more than half a century on the high street.
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Analysis & InsightPromotional activity up 75% in branded restaurants
Promotional activity at branded restaurants has increased by 75% in the last five years, MCA research reveals. Meanwhile promotions in pub restaurants have increased by 39% during the same period, according to a comparative study of the top 25 eating out brands in Q2 2018, with the top 13 in ...
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NewsHendry Pickup to join Bourne Leisure
Departing Prezzo chief executive Jon Hendry Pickup is to join Bourne Leisure this summer.
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Analysis & InsightIs everyone in position?
The latest sector most powerful people list has unsurprisingly sparked debate on where people were positioned and who was included and left out. It has also put the spotlight on some of those roles that need filling across the sector, including at Drake & Morgan. At the same time, Wagamama has filled some roles of its own in its US operation, highlighting its determination to succeed Stateside, writes Mark Wingett.
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Analysis & Insight
Jones goes back to the coalface
TPG Capital has returned to a trusted lieutenant, and one of the most impressive operators in the UK’s hospitality sector over the last 25 years, in a bid to move Prezzo forward. But why has Karen Jones decided this was the right time and opportunity to get back to the shop floor and how long will she need to be there, asks Mark Wingett
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NewsKaren Jones to head Prezzo as Hendry Pickup departs
Karen Jones has been appointed executive chair of Prezzo while chief executive Jon Hendry-Pickup has decided to leave his role.
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News
Wagamama takes Gloucester Quays Chimichanga site
Wagamama has taken on the closed Chimichanga site in Gloucester Quays, MCA understands.
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NewsApril 2018
The April 2018 digital edition of the MCA journal is now available, including Prezzo’s life after the CVA, insights into the Italian casual dining sector and interviews with Clive Schlee of Pret, Joe Grossman of Patty & Bun, Brandon Stephens and Richard Morris of Tortilla, Charlie Young and Brett Woonton of Vinoteca, as well as Matt Grech-Smith and Jeremy Simmonds of Swingers.
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Analysis & InsightTalking Italian
Pizza and pasta offers have been vital to the expansion of the casual-dining scene over the past few years. As a result, this segment is hugely competitive and standing out has become increasingly important. MCA’s Steve Gotham looks at data from the Eating Out Panel to assess how key players are performing
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Analysis & InsightThe restaurant revolution continues in Soho
Parts of the eating out market may be struggling, but Soho remains a hotspot for innovation and a sought after location for restaurant sites, says Morris Greenberg, Group MD at leisure property consultant Cedar Dean