All articles by Shwetali Sapte – Page 108
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NewsBone Daddies secures new loan facilities
The operator of the Bone Daddies ramen chain and Flesh & Buns will fund new capex with Investec loan facilities secured in June
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NewsDeliveroo growth slows amidst headwinds
The delivery company reported gross transaction value up by 8% in the UK and Ireland but a slowdown in growth in the second quarter, in its half year update
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Analysis & InsightPlant-based PR: The value of the vegan burger
MCA examines the trend for plant-based only restaurants, their commercial viability, and value as a PR opportunity for bigger players
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NewsChopstix to expand footprint in Greater London
The Asian QSR concept has announced it will open three sites in Greater London in the next month, soon after announcing four new openings in Wales
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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