All MCA Insight articles in September 2018 – Page 13
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News
Leon confirms US launch date
Leon, the healthy fast food chain, has confirmed it will open its first US site – in Washington DC’s L Street next week.
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News
Giggling Squid to replace Gusto in Chislehurst
Giggling Squid, the Business Growth Fund (BGF)-backed group, has further strengthened its openings pipeline, after securing a site in Chislehurst, Kent.
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News
Gaucho set to name new CEO
Deloitte, the administrators of Gaucho, are set to announce later this morning that Oliver Meakin, the steakhouse chain’s chief executive since the start of the year, has left the business, MCA has learnt.
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News
Menu calorie count plans ‘cause Government rift’
Plans by health officials to force operators to display calorie counts on menus have been challenged by the Treasury, according to reports.
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News
Caring to launch Caprice Café concept
Richard Caring, the serial sector investor, is set to develop a further concept from his Caprice Holdings stable, with the launch of a Caprice Café next year in London’s Mayfair, MCA has learnt.
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News
Innovative Bites founders reveal rollout plans for ChipNation
The founders of confectionary importer Innovative Bites are launching a chip shop brand ChipNation, with plans to open 8-10 sites over the next year, MCA has learnt.
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News
Ei Managed Investments partners with Urban Pubs & Bars
Ei Managed Investments is to launch Urban Pubs and Bars Two – a partnership with the founders of Urban Pubs & Bars, Nick Pring and Malcolm Heap.
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News
LGH Hotels announces new partnership with Marco Pierre White
LGH Hotels Management has announced a new partnership with Marco Pierre White (MPW), with plans to open Marco’s New York Italian restaurants in Holiday Inn Milton Keynes-Central and Holiday Inn Brentwood later this year.
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News
Tough climate stalls growth push from TD4 Brands
Richard O’Sullivan, chief executive of Boost Juice Bars and The Shake Lab has told MCA that the current trading environment is the toughest he has known in his 40 years working in the sector, with rapid expansion off the table as an option.
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Analysis & Insight
A Novel Idea: No 3. Blue Ocean Strategy
Every month, former Five Guys operations and development director Marcel Khan reads a book (so you don’t have to) and applies insight to the sector based on what he’s learned between the covers and beyond. This month: Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne.
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News
Everyman sees F&B spend up 5.3%
Everyman Media Group, the cinema operator, has seen average spend on food and beverage increased by 5.3% per head, to £6.14.
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News
Analysts corner: Peel Hunt on TRG
Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, have given their views on the recent update from The Restaurant Group, saying the return to like-for-like sales (lfls) growth and the expansion of the pub estate are encouraging signs but that further downgrades are likely.
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News
Fuller’s FD to step down
Fuller’s has announced that its finance director James Douglas has decided to step down from his role, and will retire from the board in December 2018.
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News
Pret achieves 13.2% increase in revenue during 2017
Pret A Manger has achieved a 13.2% increase in revenue, to £878.5m, for the 52 weeks to 28 December 2017, with like-for-like sales up 3.2%.
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Analysis & Insight
MCA Introduces... Royal Foresters from Oakman Inns
In the latest MCA Introduces James Wallin meets Oakman Inns founder Peter Borg-Neal at the £10m Royal Foresters in Ascot to talk investment, unforeseen obstacles, the power of premium and the value of wisteria.
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News
New guidance documents on tronc system published
A new practical guidance document for operators on how a tronc should be operated has been published.
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News
BrewDog’s Equity for Punks raise now on Crowdcube
BrewDog has made its latest crowdfunding drive, Equity for Punks V, available for investment via Crowdcube.
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News
Busaba launches Katsu Kitchen delivery brand
Busaba Eathai, the Thai restaurant group, has launched a Japanese-inspired virtual brand, Katsu Kitchen, via Deliveroo.
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News
Dan Fisher makes it nine with Star site; looks to add six
Multiple operator Dan Fisher has taken on his third site with Star Pubs & Bars, taking his total estate to nine, and with plans to grow it by another six.
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Analysis & Insight
Out-of-home bakery visits down 2% due to lunchtime decline
The total number of out-of-home bakery visits fell 2%, from 1,489 million to 1,463m, during Q2 2018, solely due to declines seen during the lunchtime occasion, according to the latest MCA Bakery & Sandwich Tracker.