All articles by Shwetali Sapte – Page 114
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Analysis & InsightHeadwinds result in 4,600 closures in 12 months
An average of 12.6 licensed premises have closed per day since March 2022, with restaurants and nightclubs seeing a much steeper decline than pubs, the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners has found
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NewsSector ‘incredibly frustrated’ by timing of new train strike dates
The Aslef union has confirmed three 24-hour strikes will be held on 12 May, 31 May, and 3 June, involving 16 train companies
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InterviewsEmerald Hospitality looks outward for expansion
The multiconcept business looks to fill the gap for a Spanish restaurant on a global scale with its El Norte concept, founders Arian and Alberto Zandi tell MCA
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring PizzaLuxe, Gail’s and more
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NewsPunch acquires two community pubs
The company has added to its c1,300-strong portfolio, and is continuing to seek both packages and single-site acquisition opportunities
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InterviewsTortilla: ‘The opportunity in Europe is huge’
Having proven itself in the UK, the concept is now accelerating its franchising plans for mainland Europe, CEO Richard Morris and NED Francesca Tiritiello tell MCA
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Analysis & InsightRestaurants rely on price rises to stem loss in delivery volumes
Year-on-year delivery and takeaway sales fell 3% in March, with a 9.5% dip in the number of orders, according to CGA
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NewsPret expands loyalty programme
The subscription service has been rebranded to Club Pret, and will now cost £30 per person and offer users 10% off food sold in Pret stores
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NewsPubs generate £26.2bn of GVA, Greene King report finds
Speaking at The Kings Arms in Mayfair on 24 April, CEO Nick Mackenzie introduced new research ahead of the King’s coronation
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InterviewsLoungers: ‘It’s not revolution, it’s constant evolution’
CEO Nick Collins tells MCA the upcoming summer will be an important period, with the new Brightside concept entering its peak trading period for the first time
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NewsOasis: TRG management ‘not aligned with shareholders’
The activist hedge fund has urged fellow shareholders to reject “pay without performance” at The Restaurant Group
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InterviewsPieminister: ‘Our prime prospect is university towns’
The pie specialist plans to expand from 16 to over 100 sites, and has also seen a strong upturn in its foodservice business, co-founder Jon Simon tells MCA
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NewsStar Pubs & Bars aims for net zero by 2040
Star Pubs & Bars aims to decarbonise its estate of 2,400 pubs by 2040, aligned with Heineken’s ‘Brew a Better World’ net zero ambitions
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NewsRussell Danks becomes Laines MD
Punch Pubs has announced changes to its executive team, with Russell Danks taking over from Dan Hills as managing director for sister business Laine Pub Company
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InterviewsBundobust looks to continue expanding South
The Indian street food and craft beer concept is considering Nottingham, Cardiff, and Bristol for further expansion, founders Mayur Patel and Marko Husak tell MCA
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Analysis & InsightInflation continues to outpace sales growth
Like-for-like sales across pub, bar, and restaurant groups were 1.4% ahead of last year but well below inflation, according to the Coffer CGA Business Tracker
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InterviewsJamie Oliver Restaurants aims for 200-site mark by 2027
The company is focused on international growth, while moving towards an experiential-led brand in the UK, group director Ed Loftus tells MCA
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Analysis & InsightConsumer confidence sees month-on-month improvement
Consumer confidence is up six points to -30 in April 2023, compared to -36 in March, according to the GfK Consumer Confidence Index
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NewsLee Nixon steps down as Ole & Steen MD
Nixon steps down after nearly three years in the role, having overseen the doubling of the Danish bakery chain’s estate from 13 to 26 sites
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NewsAverage price for a pint rises 11.9%
The average cost of a pint of draught lager soared by 11.9% in the year to March 2023, double the previous record high for a year-on-year increase