All articles by Shwetali Sapte – Page 110
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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
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Analysis & InsightPub and bar consumers increasingly value-led
Value will be a key focus for pub operators in the coming months, as consumers cut down on visits to the pub, according to Lumina Intelligence
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Analysis & InsightCost pressures threaten city centre recovery
The sector has fuelled post-pandemic recovery in cities, but requires urgent support amid current cost pressures, according to CGA and Wireless Social
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NewsCreams launches support package for franchisees
The emergency measures, which include a reduction in royalty fees, are aimed at supporting partners through inflationary pressures
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NewsEataly secures €200m investment to fund expansion
European private equity firm Investindustrial is buying a controlling stake in the Italian food and drink brand, amid its plans for global expansion
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NewsMcDonald’s appoints people director
McDonald’s UKI has appointed Burger King’s former people and culture director Tamara Griffin as its new people director
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NewsVarious Eateries announces interim CFO
The Coppa Club and Tavolino operator has announced Oli Williams will step down as CFO, with James Darwent replacing him on an interim basis
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NewsComptoir reports strong sales and profit
In its interim results, the group has stated it remains cautious but optimistic for the future due to the strength of its balance sheet
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NewsTortilla announces two board changes
The fast casual chain has appointed Francesca Tiritiello as non-executive director and Laurence Keen as senior independent director
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Analysis & InsightCity centre footfall rises after passing of Queen
Footfall across the UK rose by 12.1% last week compared to 2021, particularly in central London and city centres across the UK, Springboard Insights suggest
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Analysis & InsightSales growth fails to match inflation
Sector sales in August were up on 2019 levels but remained well below double-digit levels of inflation, according to the Coffer CGA Business Tracker
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Analysis & InsightThree out of four night time operators on financial cliff edge
Almost half of night time economy business are barely breaking even while 24.8% are losing money, according to a poll by the NTIA
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NewsSlim Chickens secures first franchise partner for Ireland
The Boparan Restaurant Group-operated chicken brand has partnered with OCO Westend to open its first Ireland site in Belfast in October
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NewsOcean Basket prepares for UK growth
The South African casual dining concept, which has over 200 restaurants in 16 countries, is gearing up to expand in the UK, CEO Grace Harding said
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InterviewsGreene King moves to data-led approach
The pub operator is focusing on targeted communication and becoming increasily digitally driven, according to commercial and marketing director Andrew Gallagher
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InterviewsDistrict looking to expand presence in London
The Australian-born coffee concept is laying foundations to grow from its current estate of three, founder Chelsea Finch has said
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NewsThe Salad Project to expand in London
The recently launched salad bar concept will open a third site in London in January, amid plans to expand across the UK, co-founder Florian de Chezelles said
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InterviewsGail’s to expand presence in north
The growing bakery chain is considering expansion up north, alongside changes in its supply chain to support expansion, MD Marta Pogroszewska has said
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NewsLargest hike in interests rates expected next week
The MPC is expected to announce a 75-basis-point increase in interest rates next week, following figures that showed inflation at 9.9% in August