All MCA Insight articles in September 2019 – Page 6
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News
Qatari restaurant concept eyes five for London
A Qatari restaurant concept called Apple Butter is looking to open five sites in London, with the first secured in Covent Garden for a launch later this year. The business, which was established in Qatar’s capital Doha, is based around homemade desserts with a twist and speciality coffee, alongside gourmet ...
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Analysis & InsightFish and chip supper anyone?
Call me old-fashioned and a tad unadventurous if you will, but I am rather quite partial to the long-established delights of fish and chips. A moist and slightly sweet tasting cod fillet in light but crunchy batter, with some nicely seasoned thick-cut chips, minty mushy peas and chunky tartare sauce – delightful! One of the things about go-to products though, is that they become something of a KVI – a Known Value Item.
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Analysis & Insight‘TRG now has a future’
The legacy of Andy McCue’s truncated time as chief executive of The Restaurant Group is, as well all know, the £559m acquisition of Wagamama. When the deal squeaked through last year, there was widespread scepticism over the longevity of its stellar like-for-like sales growth.
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NewsSales up at Comptoir Group
Comptoir Group has revealed a 0.2% lift in sales for the six months ending 30 June 2019, from £15.7m to £15.8m. Gross profits were also up 2%, from 11.3m in 2018 to £11.5m. The group now owns and operates 25 restaurants and has four franchises. Non-executive chairman Richard Kleiner said the results showed that Comptoir Group “continues to prove its resilience in a challenging and uncertain market.
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NewsGBK sees lfls up 8.6% on back of previous decline
Gourmet Burger Kitchen UK (GBK) has achieved a like-for-like sales (lfls) increase of 8.6% for the 26 weeks to 25 August 2019. This follows a 9.7% decline seen in the comparable period last year.
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NewsDeliveroo ad banned for being ‘misleading’
An ad for Deliveroo has been banned by the ASA after the advertising watchdog concluded it was misleading.
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NewsMcDonald’s acquires voice ordering tech
McDonald’s has agreed to acquire Apprente, which uses artificial intelligence to understand speech.
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NewsFive Guys: breakfast ‘area of expansion and growth’
Five Guys is considering a further trial of a breakfast menu across its UK restaurants, BigHospitality reports.
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NewsFood and drink prices levelling after months of rises
Recent spikes in the price of food and drink levelled off in July, despite inflation remaining at twice the rate of a year ago, according to the CGA Prestige Foodservice Price Index.
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NewsFrangos and Chiquen shut up shop
Frangos and Chiquen, the chicken restaurant concepts from Sumit Chadha, have closed both their sites, MCA understands.
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Analysis & InsightBeer sales down 2.2% in Q2 2019
Beer sales in the second quarter of 2019 were down 2.2% year on year, driven by the hot weather comparative, according to the latest Beer Barometer sales data from the British Beer & Pub Association.
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Analysis & InsightRestaurants and pubs closures among biggest net declines
The closure of restaurants and pubs are among the highest seen by sector on Britain’s high streets, according to the latest PwC and the Local Data Company analysis.
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NewsHonest Burgers turnover grows but losses widen as it invests for expansion
Honest Burgers has reported turnover up 38% to £30.7m in the full year ending 27 January 2019.
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NewsBenihana appoints Wischhoff as MD as Glasgow closes
Japanese-style restaurant group Benihana has appointed Jason Wischhoff, formerly of Accorhotels, as managing director.
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NewsL’Enclume tops Good Food Guide 2020
Simon Rogan’s L’Enclume has been named the number one restaurant in The Good Food Guide 2020 by Waitrose.
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OpinionHargreaves Lansdown on Greene King
Greene King’s shares were unmoved by the news that like-for-like sales in its Pub Company arm were down by 1.85% for the 18 weeks to 1 September, said analysts from Hargreaves Lansdown in their latest note on the brewer and pub operator.
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NewsWagamama spin-off Mamago - what’s the verdict on the logo?
MCA revealed the new logo for Wagamama’s food-to-go spin off Mamago last week. So while we wait for the exact opening date, the operating hours, the menu, the pricing strategy and everything else to be revealed, what do some branding experts think about the logo ahead of the new opening, which could provide a real boost to the TRG estate if it takes off?
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NewsKerb: ‘There’s room for more food halls in London’
The founder and CEO of street food collective KERB discuss Seven Dials Market, the two-floor market and restaurant hub located in a former banana and cucumber warehouse that opens this month in Covent Garden
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NewsWarne departs Deliveroo
Deliveroo managing director Dan Warne has left the business after more than five years.
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Analysis & InsightF&B helps drives regional shopping mall missions
Food and beverage is helping to boost visits to regional shopping malls, with almost one in ten trips driven primarily by F&B or leisure, according to new research by location planning consultancy CACI.