All articles by Shwetali Sapte – Page 101
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Analysis & InsightSouth East worst affected by staffing crisis
London and Brighton were identified as the two cities worst affected by the sector’s labour shortage, according to research by CACI
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Analysis & InsightHospitality spend sees 1.5% decline in July
Consumer card spending on eating and drinking out increased 9% year-on-year but dropped 1.5% between June and July, according to Barclaycard
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InterviewsClean Kitchen Club: ‘We want to be one of the fastest to reach 1,000 sites’
Co-founder and CEO Mikey Pearce speaks to MCA about expanding nationally and globally, securing backing from high-profile investors, and building a brand during a pandemic
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InterviewsNightcap: ‘We’re focused on providing good times and good value’
The late night operator plans to open 13 bars by next summer amidst soaring revenues, co-founder Michael Toxvaerd tells MCA
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NewsKFC UK reports quarterly sales decline
In a financial update, Yum! Brands reported a quarterly sales decline of 8% at KFC UK & Ireland, and a 1% decline in the year to date
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NewsNightcap revenues soar beyond pre-pandemic levels
In its year-end trading update, the Adventure Bar group and Barrio Familia owner reported a 73.2% revenue increase in Q4 of FY2022, compared to 2019
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InterviewsPapa John’s: ‘There are opportunities everywhere’
Amit Pancholi, UK director of business development, speaks to MCA about growing the brand’s presence on the high street and beyond
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NewsMcWin Restaurant Fund raises €500m
The fund, led by Henry McGovern and Steven Winegar – backers of Gail’s and Vapiano – has secured backing from the Abu Dhabi Investment Authority
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NewsRecession looms as inflation set to soar further
Inflation is predicted to hit 11% by the end of the year, combined with consecutive contractions in the economy each quarter
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NewsJust Eat reports 7% growth in revenue
The delivery service announced enhanced profitability and revenue growth in H1 2022, despite a post-pandemic decline in gross transaction value
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NewsOpenings of the week
MCA rounds up this week’s biggest openings and announcements, featuring new sites from The Ivy Asia, Din Tai Fung, Las Iguanas, Clean Kitchen Club, Burger & Beyond, and more
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InterviewsFarmer J to expand regional presence
The all-day chain is looking at Brighton, Oxford, and Cambridge as well as mixed-use areas outside central London, founder Jonathan Recanati tells MCA
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InterviewsBababoom on the lookout for new sites
The ‘fresh kebab’ brand is looking to grow following a recent opening at Westfield Stratford, founder Eve Bugler tells MCA
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NewsPint prices rise to £8 in London
Following a quarterly update yesterday, Marston’s CEO Andrew Andrea said the operator would increase drinks prices, with premium pints now at £7-8 in London
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NewsDiageo sales driven by premiumisation trends
The beverage producer reported strong sales and profit growth in its preliminary results, driven by premium brands and spirit sales
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Analysis & InsightHeatwave causes drinks sales to ebb and flow
Drinks sales both skyrocketed and fell over the four-day heatwave period this month, with cider seeing the biggest uplift, according to CGA’s Drinks Recovery Tracker
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NewsMarston’s lfl sales down 2% on 2019
In its third quarter update, the pub operator reported growing drink sales but weakening food sales in the last four weeks to 23 July, due to the recent heatwave.
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Analysis & InsightSector sees 2.3% revenue decline since 2019
According to the UKHospitality Christie & Co Benchmarking Report, economic and operational challenges have led to a 2.3% contraction in like-for-like revenue
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InterviewsTortilla: ‘The brand’s resilience lies in its simplicity’
CEO Richard Morris speaks to MCA about national and global expansion, maintaining affordability and authenticity, and why the acquisition of Chilango is sure to pay off
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Analysis & InsightDelivery and takeaway sales continue to plateau
Delivery and takeaway sales saw the eighth month of year-on-year decline in June, according to CGA and Slerp’s Hospitality at Home tracker