All articles by Shwetali Sapte – Page 10
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Analysis & Insight
New border checks could cause resurgence in inflation
Food inflation declined to 13.8% in December - but apprehensions are growing as new border checks commence in April
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News
Marston’s launches new partnership agreement
Called Marston’s Partnership, the new agreement is designed to be designed to be more “transparent and reflective of today’s world” of cost pressures
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News
Fuller’s like-for-likes up 11.5%
Sales during the five-week Christmas and New Year period were particularly strong, up 21.6% against the same period the prior year
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News
SushiDog secures new investment to finance rollout
Middleton Enterprises has injected its second round of funding, which will be used for four new openings in London as the QSR concept targets 30 sites in five years
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Interviews
Revolution Bars: ‘Good operators are struggling in this market’
While the group remains keen to grow its Peach Pubs and Founders brands, CEO Rob Pitcher calls out the government for its lack of action and investment into the night time economy and younger consumers
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News
New FD at Chopstix
Chopstix has appointed Rob King, formerly of Costa Coffee, as finance director as it sets its sights on becoming the largest Asian QSR brand on the continent
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News
Wetherspoon continues to outperform market
Like-for-like sales were 15.2% up in December 2023, with double-digit growth in the 25 weeks to 21 January 2024
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News
Revolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
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News
Flat Iron breaks December weekly records
Like-for-like sales were up 29.8% during the festive period, with nine of the steak restaurant group’s 14 sites breaking weekly records
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Interviews
Workshop Coffee sees 40% uplift in wholesale
The specialty coffee roaster’s £1m funding is earmarked for expansion of its B2B sales, as well as capitalising on the direct-to-consumer opportunity, founder James Dickson tells MCA
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News
Creams menu innovation delivers sales uplift
The dessert cafe chain reported record festive trading, with a 5.8% rise in like-for-like sales, citing the introduction of reimagined classics and hot desserts to its menu
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News
Popeyes set to double UK estate
With over 30 sites set to open in the next 12 months, including restaurants, drive-thrus, and delivery kitchens, the fried chicken brand looks to cement its presence nationwide
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Interviews
Caravan’s Rising Star takes culture ‘from good to great’
Caravan CEO Laura Harper-Hinton commends people & culture director, Fernanda Antonio, for driving an even more positive culture across the business, as part of MCA’s Rising Star award
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News
IHOP and Applebee owner eyes UK debut
Dine Brands International is showcasing its dual-branded restaurant concept to potential area developers and master franchisees for the UK market
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News
Patty & Bun continues to look for growth opportunities
Following a CVA approved in October 2023, the burger brand’s neighbourhood sites and delivery sales continue to perform strongly, according to founder Joe Grossmann
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Interviews
Japes: ‘We’re looking to provide a point of differentiation’
The deep dish pizza concept, which is pioneering a new creation it calls ‘London-style’ pizza, is close to signing its first franchised site as it looks to expand nationwide, founder Alex Aleksic tells MCA
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News
Deliveroo reports ‘stabilisation’ of consumer behaviour
The UK & Ireland saw year-on-year growth of 7% in gross transaction value, while growth in orders stood at 1% as consumer behaviour stabilised
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News
Megan’s reports most successful Christmas to date
The all-day restaurant group reported 19.3% like-for-like sales growth and has lined up four openings for this year, remaining on track to deliver £30m in revenue
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Analysis & Insight
Managed sector finishes 2023 on a high
Restaurants, pubs, and bars saw sales improve 8.8% during the all-important December trading period, completing a 12-month run of like-for-like sales growth
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News
Ian McHoul steps down from Young’s
McHoul will step down as non-executive director when his second three-year term expires on 23 January, with Aisling Meany taking over as chair of the audit committee