All articles by Shwetali Sapte – Page 109
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NewsMitchells & Butlers: food sales continue to drive growth
Like-for-like sales rose significantly for food but dropped for drink, with an overall decline of 0.9% compared to 2019
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NewsIvy revenues surpass £200m
The restaurant group achieved a turnover of just over £200m, up on £198.7m in 2019, and plans to open seven new sites this year
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NewsTrade bodies call for further support following mini-budget
Trade associations have written to the Chancellor following the mini-budget, renewing calls to cancel business rates and reduce VAT
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Analysis & InsightConsumers continue to prefer delivery over click and collect
Delivery sales in August were 13% up on 2021, while click and collect sales fell by 25%, according to CGA’s Hospitality at Home Tracker
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NewsCirrus Inns appoints interim CFO
Previously financial controller at Fuller’s, Tarquin Williams has joined the 24-strong pub operator as interim CFO
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Analysis & InsightAlixPartners: ‘Underlying dynamics of hospitality remain strong for investors’
Despite short-term disruption, the sector should focus on the longer-term positive outlook, MD Graeme Smith told delegates at MCA’s Restaurant Conference
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NewsJust Eat expects earlier return to profit
Due to progress in improving profitability, the delivery platform expects to generate positive adjusted EBITDA in the second half of 2022
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NewsShepherd Neame reports return to profit
The 300-strong pub operator has announced it will seek investment and acquisition opportunities following significant revenue growth
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NewsArc Inspirations plans to double business
The premium bar operator announced plans to double the size of its business in the next three to five years, following strong sales in the year to 31 March 2022
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NewsBoxpark to launch in Liverpool
The dining, retail, and leisure group will open its first Boxpark-branded site outside London in Liverpool in late 2023
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NewsDeliveroo donates one million meals
Since launching the function allowing customers to round up the cost of their order, Deliveroo has donated one million meals to charity
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NewsBurger & Sauce confirms seven new openings
The QSR burger concept will open seven restaurants as it expands across the Midlands and looks to double its estate
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NewsBenugo launches pilot for carbon labelling system
The café and restaurant brand will pilot a new carbon labelling system for part of its menu at its venues in the Natural History Museum
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InterviewsPatty & Bun: ‘We’re going back to our roots’
The business is currently focusing on consolidation of its core brand, with Sidechick to remain as a delivery-only concept, founder Joe Grossmann tells MCA
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Analysis & InsightRise in average spend remains behind inflation levels
Spend rose by 8% in the four weeks to 4 September, remaining behind inflation levels due to consumer concern around finances, according to Lumina Intelligence
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NewsThe Wolseley Hospitality Group eyes international expansion
The Minor International-backed group is targeting expansion to major global cities in the coming years, including New York, Singapore, Hong Kong, Paris and Dublin, CEO Baton Berisha told MCA’s Restaurant Conference
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InterviewsEggslut to open fourth London location
LA-born gourmet egg brand Eggslut is expanding its UK footprint with plans to open two new sites per year, ITICO MD Jan van Delden tells MCA
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NewsDisappointment over Chancellor’s mini-budget
Interventions on alcohol duty and National Insurance were welcomed, but the industry expressed regret at the lack of sector-specific and long-term support - particularly on VAT
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Analysis & InsightConsumer confidence falls to record low
Consumer confidence has dropped to -49 in September, the lowest since records began in 1974, according to the GfK consumer confidence index
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from D&D London, Marugame Udon, the Salad Project, and more