All MCA Insight articles in September 2019 – Page 3
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NewsManaged pubs achieve strong lfls for Shepherd Neame
Shepherd Neame has achieved strong like-for-like (lfl) sales grow for both its managed and tenanted pub division but brewing and brands drove group turnover down over the full-year.
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NewsF&B continues to perform well for Shaftesbury
Shaftesbury has said the West End remains a busy area with its food, beverage, leisure and retail occupiers reporting, on average, year-on-year sales growth for the quarter to 30 June 2019.
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NewsAdmiral acquires 150-strong pub portfolio from Star
Admiral Taverns has confirmed it has reached an agreement to acquire a portfolio of 150 tenanted community pubs form Star Pubs & Bars.
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NewsMartin Scott appointed NED at Stay Original
Former Hall & Woodhouse finance and commercial director Martin Scott has been appointed as a non-executive director of pub and boutique hotel group Stay Original.
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OpinionCan burger sales stay strong in the face of increasing alternatives?
Despite growing food adventurism, the proliferation of diverse cuisines and the ongoing rise of plant-based offerings, beef burgers still account for one in nine of every dinner consumed outside the home. Sales are also in year on year growth. As such, it is difficult to argue with leading US restaurateur, Danny Meyer, who said: “At the base level, a burger is a piece of meat and a bun with something on it. It’s simple but it seems to make a lot of people happy.”
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NewsShepherd Neame chairman to step down; Georgel appointed NED
Shepherd Neame chairman Miles Templeman has announced his intention to step down from the board, following 15 years in the role, and 18 years as a director.
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NewsAG Barr sees revenue decline in ‘disappointing’ first half
AG Barr has seen revenue for the six months to 27 July 2019 decline from £136.9m in H1 last year, to £122.5m, following what it described as an “unprecedented year” for the soft drinks industry in 2018.
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NewsTasty sees sales down but losses reduced
Tasty, which operates Wildwood and Dim T restaurants, saw sales decline by 8% for the 26 weeks to 30 June 2019, to £21.1m (2018: £23m).
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NewsGladwin Brothers confirm Soho opening
Gladwin Brothers have confirmed they are to open a fourth London restaurant on Soho’s Frith Street, as revealed by MCA in April this year.
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NewsPret to complete allergen labelling roll-out this week
Pret A Manger is on target to complete the roll-out of full ingredient labels on freshly made products, at all 391 of its UK shops, by the end of this week.
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NewsTim Hortons lines up four more openings for 2019
Tim Hortons has four new restaurant openings lined up between now and Christmas which will see the Canadian fast food brand hit 25 sites, MCA can reveal.
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NewsSeptember 2019
There was more M&A in the pub sector when a deal between Greene King and CK Asset Holdings was revealed, Georgi Gyton analyses the news while Peter Martin wonders who will be next.
Elsewhere there were big results in the shape of The Restaurant Group. Dominic Walsh looks at how it might fare in the future, whether new CEO Andy Hornby is the man for the job, and how he might go about turning TRG around.
Meanwhile, Steve Gotham looks at the growing efforts of the supermarkets to grab more of the food-to-go market and takes a trip to McDonald’s new ‘to go’ format and Finn Scott-Delany interviews up-and-coming fried chicken specialists Coqfighter and profiles the Inn Collection. -
NewsSales hike at Social Entertainment Ventures
Social Entertainment Ventures, which operates Bounce, Flight Club and Puttshack, has released its results for the year ending 30 September 2018. Sales were up 10.4% to £14.5m, but pre-tax profits were down and the business made a loss of £2.2m after taxation.
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NewsTortilla sees record rise in EBITDA
Tortilla has released its results for the year ending 30 December 2018. Sales were up to £33.6m and pre-tax profits were up to £46,887k from a loss of £993,902k the previous year. It said the business had enjoyed a successful year thanks to the maturity of its existing estate and adding one new restaurant in Harrow, taking the total estate to 36.
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NewsBenugo serves up sales rise
Benugo has released its results for the year ending 28 December 2018. Sales were up to £116m from £112 the previous year and gross profits were up to £44.6m from £43.4m the previous year. It said the business had generated the uplift in sales thanks to several new contracts and closing some “poor performing sites”.
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NewsThe Imperial Arms in Chelsea closes
Epic Pub Company’s The Imperial Arms in Chelsea has closed after being taken into administration.
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NewsAll Our Bars reports 3% lfls growth
All Our Bars, the South East-based pub and bar group, has reported a 3% increase in like-for-like revenues for the full year to July 2019.
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Analysis & InsightLeaders’ confidence hits two-year low over Brexit
Confidence among pub and restaurant leaders has hit a two year low over the long-term impact of Brexit, CGA’s Business Confidence Survey reveals.
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OpinionMurdoch: ‘You have to take action – nobody likes a ditherer’
One of the most important attributes of a leader is the ability to take decisive action, according to Alasdair Murdoch, chief executive of Burger King UK.
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NewsIn pictures: MCA Restaurant Conference 2019
Delegates gathered for the annual MCA Restaurant Conference on 18 September, at the Marriott Grosvenor Square in London’s Mayfair, for a packed speaker line-up which included Alasdair Murdoch, chief executive of Burger King UK and Emma Woods, chief executive of Wagamama. Here are just a few of the pictorial highlights from the day.