All MCA Insight articles in September 2023 – Page 8
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News
Dunkin’ aims to double UK estate in two years
The 30-strong coffee chain’s imminent expansion will see it open a string of new stores in the capital, starting with a flagship store on Wardour Street in September
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Weekend Press
EG Group sales slide as billionaire Issa brothers work to slash debt
Second-quarter sales slid at forecourt and foodservice business EG Group, reports the Evening Standard, as the Issa brothers worked to slash the company’s debt
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Weekend Press
Cafe Rouge owner needs bigger table for swoop on Chiquito’s and Frankie & Benny’s
The Big Table Group is in advanced talks to buy the leisure division of The Restaurant Group, the London-listed casual dining operator, Sky News reports
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Weekend Press
Heatwave a ‘huge relief’ for the hospitality sector after miserable summer
Soaring temperatures over the past week have come as a “huge relief” for the hospitality sector and boosted pub trading significantly, the Evening Standard reports
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Interviews
Dishoom: ‘We’ve always wanted to open a bar’
As Dishoom prepares to open its first entirely drinks-led venue in Brighton this November, MD Brian Trollip tells MCA that the venue is a passion project for him and CEO Shamil Thakrar
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Analysis & Insight
Provenance-led and reimagined classics tipped as top sector trends
Lumina Intelligence identifies the top trends for this quarter and the concepts to watch that are already tapping into them
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News
Strong sales unable to keep up with inflation
Despite a 6.7% irise in turnover to £137bn, sales remain nearly 20% behind in real terms, according to the latest UKHospitality Quarterly Sales Tracker
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News
Hostmore CFO steps down
Alan Clark leaves following a difficult financial period for the TGI Fridays operator, where it posted losses of £91m and announced a series of cost reduction measures
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Analysis & Insight
Comfort food for the soul: the trend for nostalgic dining
As economic turbulence continues to drag on businesses and consumers alike, MCA explores the trend towards retro-inspired, nostalgia-led concepts and why they provide comfort in reminiscence
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News
TRG chairman Ken Hanna to step down
Hanna, who will not seek re-election in 2024 due to personal reasons, has become the focus of criticism from activist investors such as Irenic
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News
Oakberry sees ‘big potential’ in UK market
The Brazilian-inspired açai berry concept, which has sites in Brighton and Belfast, will open two sites in London this year, co-founder Angela Bernandes tells MCA
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, including Mowgli, Searcys, Roxy Leisure, The Comptoir Group and more
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Analysis & Insight
US branded outlets lead the way in QSR
Contemporary US branded outlets are the biggest growth performers in the UK QSR space with chains such as Popeyes, Wendy’s and Wingstop leading the way, data from Lumina Intelligence shows
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News
Starbucks makes ‘good progress’ on 100 new UK stores target
The coffee company has maintained strong double digit growth in recent months, as it marks its 25th anniversary in the UK with a drive-thru site in Oldham
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News
Greene King announces enhanced flexible working policy
The pubco has introduced improved policies for paternity leave, adoptive leave, compassionate leave, and emergency leave for dependents
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Analysis & Insight
Food price inflation sees marginal drop
Year-on-year food and drink price inflation fell slightly in July to 21.7%, down from 22.6% in June, according to the CGA Prestige Foodservice Price Index
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News
Big Fang Collective to launch karaoke venue
The Imbiba-backed experiential group will launch Big Fang Karaoke in collaboration with Asahi on Liverpool’s Parliament Street later this month
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News
Boojum actively seeking sites in GB
The fast casual Mexican-inspired chain, which was acquired by Azzurri Group earlier this summer, is on the lookout for sites in Great Britain as it opens its 15th store in Ireland
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Analysis & Insight
Interims ‘reinforce’ TRG’s negotiating position
Outperformance, delivered in a competitive environment, puts the Wagamama owner in a stronger position as it weighs potential asset disposals, according to analysts
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Interviews
TRG: ‘We’re reviewing our options from a position of strength’
CEO Andy Hornby tells MCA that the group’s Wagamama and Pubs divisions have seen real volume growth and outperformed the market, with the pace of expansion accelerated accordingly