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All MCA Insight articles in September 2013
View all stories from this issue.
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NewsLe Bistrot Pierre secures expansion fund
Le Bistrot Pierre, the highly-rated French restaurant chain, has secured a new multi-million pound financing deal that will see the 10-strong group double the number of its outlets over the next four years
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Analysis & Insight
A bigger conversation
Last Wednesday’s Tax Parity Day highlighted the disparity between the zero rate for food in supermarkets and the 20% VAT rate for pubs and restaurants. A day later, the British Hospitality Association’s chief executive Ufi Ibrahim rallied the troops to build momentum around its campaign to cut tourism tax in the UK to 5%. Surely it is time for the whole industry to be pulling in one direction as one voice?
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News
Theobroma to make UK dedut
Theobroma, the Australian chocolate café brand, has chosen Touchwood Solihull for its first site in the UK this autumn
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NewsTax Parity Day raises sales and awareness
Last Wednesday’s Tax Parity Day, which saw up to 15,000 outlets take part in a national day of action as part of the campaign to reduce VAT for the sector to 5%, helped increase sales for participating operators by up to 23%, while also raising awareness of the disparity between the zero rate for food in supermarkets and the 20% VAT rate for pubs and restaurants
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News
GRS Pubs grows underlying profits 14%
GRS Pubs, the tenanted pub group formerly owned by London Town, saw underlying profits rise 14% to £448,000 in the year to 30 December as it continued to trim its estate
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NewsFY EBITDA climbs 11% at Pho
Pho, the the Isis Equity Partners-backed Vietnamese fast-casual concept, has reported an 11% increase in EBITDA for the year to the 24 February, as turnover climbed 26% to £8.2m
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News
FY EBITDA falls at Itsu
Itsu, the chain founded by Julian Metcalfe and led by Gerard Loughran, reported a drop in EBITDA for the year to 3 January 2013 to £3.26m, against £3.6m in 2011/2012, as turnover climbed 22% to £45.2m on the back of eight new site openings
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NewsWeak M&B performance impacts M&C20
The 1% decline in Q4 like-for-like sales reported by Mitchells & Butlers (M&B) this week impacted the M&C20 Index, which fell by 1.3% to 1,148.32, to marginally underperform the FTSE all share, which declined by 0.9% to 1,014.49
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News
San Carlo confirmed for Manchester Selfridges
San Carlo, the family-run Italian restaurant chain, has confirmed that it will replace Aubaine, the French restaurant and patisserie concept, at the Selfridges in Manchester
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News
Leeds Brewery to ramp up expansion
Leeds Brewery is looking to expand its pub estate more rapidly over the coming years, director Sam Moss told MA300 delegates
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NewsTurtle Bay secures sixth site
Turtle Bay, the five-strong Caribbean restaurant chain led by Aj Jaya-Wickrema, has secured its sixth site in Leamington Spa for an opening next year
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News
French downgrades M&B EPS forecast
Leading analyst Simon French has downgraded his earnings-per-share forecast for Mitchells & Butlers (M&B) following a “disappointing” trading update
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News
French: Market likely to remain sceptical on Domino’s
A leading analyst has said that until there is greater certainty around its operation in Germany the market is likely to remain sceptical as to Domino Pizza Group’s long-term potentia
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News
M&B seeks learning and development director
Mitchells & Butlers (M&B) is seeking a new learning and development director, following the departure of Kadisha Lewis-Roberts, who is relocating to Switzerland
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News
Lucky Voice MD: technology transforming business
Lucky Voice managing director Nick Thistleton urged MA300 delegates to put technology at the heart of their operations aftersharing the story of how tech transformed the karaoke bar business
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NewsBacon sets out expansion plans
Tim Bacon has set out his expansion plans for the Living Ventures-led Gusto brand and the recently renamed New World Trading Company, his pub-led venture backed by the Hill Capital Partners Food & Beverage Fund
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News
Bacon: landlord relationships are key
Good relationships with landlords are crucial for operators to keep ahead, Living Ventures chief executive Tim Bacon told the MA300 conference in Leeds
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News
Analyst corner
Jamie Rollo, analyst at Goldman Sachs, looks ahead to the upcoming Q4 update from Spirit Pub Company (22 October).
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Analysis & InsightAll change in beer and pubs
From a sex, drugs and rock ’n’ roll scandal at Scottish & Newcastle to a roller-coaster ride of acquisitions at Marston’s, Stephen Oliver looks back fondly on his time in the trade
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NewsHall: capex 'not just about the pounds'
Orchid Group chief executive Rufus Hall has stressed the importance of people strategies when making capex investments, saying it’s “not just about pounds”