All MCA Insight articles in September 2022 – Page 4
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Analysis & Insight
Gen Z and Millennials cut back hospitality spend
In order to save money, 69% of 18-34 year olds are either reducing or stopping eating out
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News
JD Wetherspoon seeks to offload 32 pubs
CBRE and Savills are marketing the properties, which comprise a mix of 10 freehold and 22 leasehold units, and are being considered for sale either individually, in small packages or as a portfolio
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Interviews
Farmer J adapts model to focus on customer experience
Founder Jonathan Recanati said its first West End site in Regent Street felt more like a restaurant than a fast food outlet
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Interviews
Various Eateries: ‘We’re waiting for that long overdue normality’
CEO Yishay Malkov said economic uncertainty meant he was far more cautious about expansion than he was six months ago
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Analysis & Insight
Energy cost pressures mean ‘it’s impossible to plan’
The challenges posed by energy costs and the need to review restaurant design to capitalise on delivery sales, were debated at a special leaders’ roundtable at MCA’s Restaurant Conference.
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News
Soul Foods secures ‘significant minority investment’
The UK and Canada-based KFC, Starbucks and Taco Bell franchise secured the investment from Centerbridge Partners, Metric Capital Partners, and OpCapita
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News
Brewhouse & Kitchen: ‘2022 has been extremely challenging’
The group reported a loss before tax of £1.9m for the year to 25 September 2021, with 2022 challenging due to extra cost pressures
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News
Truss to review visa scheme
The PM is to launch a major review into Britain’s visa systems in a bid to try and alleviate the acute labour shortages in industries such as hospitality, it has been reported.
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News
Brighton Pier Group’s sees bar sales up
The group’s Bars division achieved revenue of £11.2m in the 52 weeks to 26 June 2022, compared to £1.3m in 2021, with like-for-like sales up 21% on pre-Covid levels
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News
Hospitality sector: mini-budget judged a missed opportunity to help
Freeze on alcohol duty welcomed, but lack of new measures to support struggling businesses disappoints, The Guardian reports
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News
Liz Truss plans to cut taxes further in the new year
The Government is preparing to end a sugar tax on soft drinks, The Telegraph reports
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News
Jobs in bars, nightclubs and live music venues at risk this winter
Industry bodies warn, claiming mini-Budget has ‘completely missed mark’, the Mail on Sunday reports
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News
Business chiefs hail ‘first Conservative budget in 20 years’
JD Wetherspoon founder Tim Martin said the Chancellor has been “very pro-business” in the mini-Budget but called on him to go further, The Telegraph reports
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News
Pub operators warn alcohol duty relief may not stop closures
Businesses face a battle to survive this winter, the Financial Times reports
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Interviews
Eggslut to open fourth London location
LA-born gourmet egg brand Eggslut is expanding its UK footprint with plans to open two new sites per year, ITICO MD Jan van Delden tells MCA
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News
In pictures: MCA’s Restaurant Conference 2022
Taking place at on 22 September, the conference featured big name speakers from McDonald’s, Nando’s, The Wolseley Hospitality Group, JKS, Heart with Smart Group, Mowgli and Caravan
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Analysis & Insight
UK restaurant market forecast to reach £18.2bn in 2022
Despite considerable challenges, the sector is closing in on its pre-pandemic value, with the branded segment of the market driving growth, Lumina Intelligence’s insight director Blonnie Whist told MCA’s Restaurant Conference
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News
Disappointment over Chancellor’s mini-budget
Interventions on alcohol duty and National Insurance were welcomed, but the industry expressed regret at the lack of sector-specific and long-term support - particularly on VAT
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Opinion
Dominic Walsh: The constant flow of headwinds
Dominic Walsh assesses the damage economic ’headwinds’ have had on the recently demerged Hostmore, in his latest column for MCA
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Analysis & Insight
Employee benefits: The perfect package
It’s not just about offering any old benefits package, it’s important to offer benefits that actually matter to your staff. MCA explores different approaches to rewarding staff, featuring commentary from Fuller’s, Loungers, PizzaExpress and CG Restaurants & Bars