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All MCA Insight articles in September 2013 – Page 5
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News
Poncho8 appoints operations director
Poncho8, the London-based, fast-growing burrito concept, has appointed Wen Weng as its new operations director, as it looks to grow from five to 15 sites next year, M&C Report understands
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News
CCE FY turnover grows 1.7%
Coca Cola Enterprises (CCE), the UK arm of the soft drinks giant, has reported a 0.9% rise in pre-tax profits to £258.7m in the year to 31 December 2012 on turnover up 1.7% to £1.8bn
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News
Licence secured for Waterloo Tap
Bloomsbury Leisure, the pub and leisure venue operator led by Jonathan Dalton, has secured a licence for its latest beer-focused tap pub concept at London’s Waterloo station
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News
Hard Rock: UK not a focus for expansion
Hard Rock International, operator of the Hard Rock Cafe brand, has no plans to expand further in the UK after its next opening in Glasgow in November despite having “active targets” across Europe, M&C Report has learnt
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News
PASS cards 'should be simplified'
A senior policeman has called for Proof of Age Standards Scheme (PASS) cards, which are used for checking the age of customers, to be simplified
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NewsPunch FY in line; restructuring to start in final quarter
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with guidance, with like-for-like sales in its core estate up 0.4% in the fourth quarter and considers that a consensual restructuring of its business can be launched in the final three months of this year
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Analysis & Insight
Only half of us spend free time at the pub
Only half of us now choose to spend any of our free time in a pub, according to a new survey by the Department of Culture, Media and Sport on how we spend our time
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NewsShepherd Neame FY managed lfls grow 3.3%
Shepherd Neame, the Kent brewer and pub operator, has reported a 3.3% rise in like-for-like sales at its managed sites in the 52 weeks to 29 June and a “robust” performance of its tenanted estate, where like-for-like EBITDA fell 1%
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NewsLavazza Espression master franchisee folds
Catalyst Retail, the troubled UK master franchisee of Lavazza Espression, the cafe concept from Italian coffee brand Lavazza, has gone into liquidation, M&C Reporthas learnt
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NewsBrakspear restructures ops team
Brakspear, the Henley-based pub operator, has recruited a business development manager and restructured its operations team to “bolster support” for its licensees
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News
Best Place Inns: two on market, eyes Zone 1
Best Place Inns, the London-based pub and hostel operator, has placed two sites on the market as it looks to secure a flagship Zone 1 premises for a larger format
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News
Labour business rates plan is 'tokenism'
A leading property adviser has accused Labour leader Ed Miliband of “tokenism” over his proposal to reduce business rates for small firms, and equated it to rearranging the deckchairs on the Titanic
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NewsTasty H1 PBT more than doubles
Tasty, the AIM-listed restaurant operator of the Dim T and Wildwood brands, saw pre-tax profits more than double from £360,000 to £787,000 in the six months to 30 June as it opened three more sites, taking its estate to 27 outlets
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NewsM&B lines up All Bar One opening
Mitchells & Butlers (M&B) will open the first site in over two years under its All Bar One brand this November after completing a deal with Network Rail to open in the new Euston Square development
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NewsGrillshack team to launch Wardour Street site
The team behind Grillshack, the new fast-casual concept backed by Richard Caring, which opened in London’s Soho earlier this month, is set to open a new restaurant and cocktail bar in Wardour Street this December
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News
Nine nightclubs on market
A package of nine nightclubs, including six former Atmosphere Bars & Clubs sites and one formerly run by Steve Thomas’ vehicle No Saints, has been placed on the market with AG&G and Fleurets, M&C Report has learnt
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NewsFranchising “now a boom industry”
Franchising is “now a boom industry” and competition to partner “McDonald’s or KFC is ferocious”, with franchisees of the former operator able to achieve profits of £200k a year, writes the Evening Standard
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Analysis & Insight
Leisure and services replacing shopping on high streets
Restaurants, coffee shops and bars are replacing other retail premises on the high streets of the 500 biggest towns in Britain, according to a new report from PricewaterhouseCoopers quoted in The Telegraph
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NewsEncouraging lfl performance at DP Poland
DP Poland has reported an “encouraging” like-for-like sales performance for the 26 weeks to 30 June 2013, said that it had put its first sub-franchisee in place and developed a new store format to “deliver significant economies in both capital and operational expenditure”
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NewsSpirit to rollout 'intelligent' on-line reservation tool
Spirit Pub Company is to roll out an online reservation tool that enables each individual pub to “intelligently” manage online bookings