All articles by Shwetali Sapte – Page 104
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InterviewsNightcap: ‘There’s no time for mediocrity in a recession’
CEO Sarah Willingham speaks to MCA about focusing on the core brands, pausing rollout plans, and branching out into an all-day offer
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from F1 Arcade, The Inn Collection Group, and more
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NewsYoung’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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NewsNightcap reports strong results from first full year of trading
The Cocktail Club, Adventure Bar Group, and Barrio operator announced revenues of £36m but reported slower momentum into FY2023
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NewsDomino’s reports strong momentum
Domino’s Pizza has reported its Q3 trading update, with like-for-like sales up 2.4% on last year, as well as announced its rollout on Just Eat and a new share buyback programme
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InterviewsPret: Visibility is key for Express format
Pret Express will be rolled out with machines placed in high footfall areas, and smaller versions introduced as well, interim MD Guy Meakin tells MCA
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NewsPizzaExpress fights to recoup lockdown losses
PizzaExpress has been told it cannot recoup lockdown losses of approximately £200m by claiming on its insurance policy
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NewsAntic Pubs appoints COO
Former Paul UK chief operating officer Gary Cowles has been appointed as COO for Antic Pubs
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NewsPatisserie Valerie appoints group CMO
Martin Burke has been appointed group chief marketing officer for Patisserie Valerie and Bakers + Baristas
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Analysis & InsightFoodservice Price Index shows inflation nearing 20%
Food and drink price inflation was at a record high of 18.8% in September, according to the CGA Prestige Foodservice Price Index
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NewsPizzaExpress appoints chief marketing officer
PizzaExpress has appointed Stephen Taylor, former global chief marketing officer at Nokia, as its new CMO
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NewsPound falls as interest rates rise
With a rate hike of 0.75%, the biggest since 1989, the Bank of England has predicted a two-year recession and doubling of the unemployment rate
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new launches from Big Mamma Group, Pacha Group, Loungers, and more
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NewsIndustry set to lose 1 in 3 nightclubs
The recent crisis could cause nightclub closures to accelerate to 1 in 3 by the end of 2022, according to the Night Time Industries Association
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NewsKFC UK sales continue to decline
Yum! Brands has reported its third quarter results, with KFC system sales in the UK falling by 7% in Q3 and by 3% in the year to date
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NewsHospitality sales down for second consecutive month
Following a 6.9% drop in sales in September compared to the same period in 2021, October sales were down 7.1% on October 2021
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NewsCooks Coffee Company appoints non-executive director
The international cafe chain has announced the appointment of Elena Garside as non-executive director
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Analysis & InsightBusiness confidence plummets amid soaring costs
The October Business Confidence Survey by CGA and Fourth indicates just 8% of multi-site business leaders feel confident about the next 12 months
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NewsArc Inspirations appoints chairman
Mike Tye, currently chairman of the Big Table Group, has become a non-exec director after Steve Richards has decided to step down after five years in the role
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NewsYoung’s makes further acquisitions
Young’s has announced the acquisition of two new pubs: The Griffin Inn in Fletching and The Carpenter’s Arms in Tonbridge