All MCA Insight articles in September 2022 – Page 4
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NewsDishoom sees significant increase in revenues
Trading growth has continued during 2022 and guest numbers have returned to pre-Covid levels at the Indian restaurant group
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Analysis & InsightGen 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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NewsJD 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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InterviewsFarmer 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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InterviewsVarious 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 & InsightEnergy 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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NewsSoul 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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NewsBrewhouse & 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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NewsTruss 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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NewsBrighton 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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NewsHospitality 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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NewsLiz 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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NewsJobs 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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NewsBusiness 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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NewsPub 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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InterviewsEggslut 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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NewsIn 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 & InsightUK 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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NewsDisappointment 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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OpinionDominic 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