All MCA Insight articles in September 2022 – Page 3
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NewsTrade bodies call for further support following mini-budget
Trade associations have written to the Chancellor following the mini-budget, renewing calls to cancel business rates and reduce VAT
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Analysis & InsightConsumers continue to prefer delivery over click and collect
Delivery sales in August were 13% up on 2021, while click and collect sales fell by 25%, according to CGA’s Hospitality at Home Tracker
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NewsBig Table acquires Banana Tree
The group has acquired the nine-strong pan-Asian chain Banana Tree for an undisclosed sum, with Anne Chow to lead Banana Tree as managing director
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NewsMowgli considering second London site
A further location in the capital could be on the cards, but it “must make economic sense”, founder Nisha Katona told MCA’s Restaurant Conference
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NewsCirrus Inns appoints interim CFO
Previously financial controller at Fuller’s, Tarquin Williams has joined the 24-strong pub operator as interim CFO
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Analysis & InsightAlixPartners: ‘Underlying dynamics of hospitality remain strong for investors’
Despite short-term disruption, the sector should focus on the longer-term positive outlook, MD Graeme Smith told delegates at MCA’s Restaurant Conference
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NewsJust Eat expects earlier return to profit
Due to progress in improving profitability, the delivery platform expects to generate positive adjusted EBITDA in the second half of 2022
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NewsShepherd Neame reports return to profit
The 300-strong pub operator has announced it will seek investment and acquisition opportunities following significant revenue growth
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NewsArc Inspirations plans to double business
The premium bar operator announced plans to double the size of its business in the next three to five years, following strong sales in the year to 31 March 2022
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NewsBoxpark to launch in Liverpool
The dining, retail, and leisure group will open its first Boxpark-branded site outside London in Liverpool in late 2023
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NewsDeliveroo donates one million meals
Since launching the function allowing customers to round up the cost of their order, Deliveroo has donated one million meals to charity
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NewsBenugo launches pilot for carbon labelling system
The café and restaurant brand will pilot a new carbon labelling system for part of its menu at its venues in the Natural History Museum
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OpinionPeter Martin: It’s not just what you pay, but what you pay for
A lasting solution to the people shortage in hospitality cannot be delivered overnight – but there are some people getting it right, Peter Martin writes for MCA
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InterviewsPatty & Bun: ‘We’re going back to our roots’
The business is currently focusing on consolidation of its core brand, with Sidechick to remain as a delivery-only concept, founder Joe Grossmann tells MCA
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Analysis & InsightRise in average spend remains behind inflation levels
Spend rose by 8% in the four weeks to 4 September, remaining behind inflation levels due to consumer concern around finances, according to Lumina Intelligence
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NewsThe Wolseley Hospitality Group eyes international expansion
The Minor International-backed group is targeting expansion to major global cities in the coming years, including New York, Singapore, Hong Kong, Paris and Dublin, CEO Baton Berisha told MCA’s Restaurant Conference
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InterviewsRudy’s aims for six in London
The Mission Mars pizzeria concept is gearing up to open in Fairgame’s new competitive socialising venue in Canary Wharf
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NewsDomino’s appoints Elias Diaz Sese interim CEO
He brings over 20 years’ experience in leadership roles in global consumer food brands and franchise businesses
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NewsJames Watt: Mini-budget could cost millions of jobs
The comments come as the Bank of England said it would “not hesitate to change interest rates” to rein in inflation
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NewsSSP sees passenger numbers rebound
The travel concession operator said trading had recovered to near 2019 levels