All articles by Shwetali Sapte – Page 124
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NewsFuller’s revises profit expectations
Despite strong trading over the festive season, industrial strike action has significantly impacted profitability and held sales behind pre-pandemic levels
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InterviewsRevolution Bars: ‘We will look to expand when the time is right’
The pub and bar operator has a strong pipeline in place but remains focused on integrating Peach Pubs into the company in the short term, CEO Rob Pitcher tells MCA
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Analysis & InsightHospitality contracts 1.6% in three months
The sector has suffered a higher tally of closures in 2022 than in 2021, with inflation in energy bills and other costs leading to a net decline of 1,611 licensed premises in the fourth quarter of 2022, according to AlixPartners and CGA
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NewsNWTC appoints people director
Karl Jolly, formerly at Nisbets and Sticks’n’Sushi, has been appointed people director for the New World Trading Company
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NewsThe Alchemist appoints commercial director
The cocktail bar and restaurant group has appointed David Day to oversee its expansion in Germany, as it prepares to open a Berlin site in April
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NewsIan Horrox returns to D&D
Ian Horrox, previously HR director at D&D London, has returned to the restaurant group as chief operating officer
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Analysis & InsightLeathwaite: ‘Staffing concerns are an opportunity to think about removing barriers’
Leathwaite partner Holly Addison discussed how staff shortages can be resolved and push business leaders to reduce barriers to entry at MCA’s latest FD Leaders event
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from King Pins, Rosa’s Thai, The Botanist, and more
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Analysis & InsightQSR and fast food continue to lead outlet growth
The top 10 QSR operators by outlets achieved combined outlet growth of 2.5%, with McDonald’s, Burger King, GDK, and Fireaway Pizza among the fastest growing
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NewsDöner Shack eyes 20 sites in three years
The Berlin street food concept plans to open 150 restaurants in the UK over five years, with 20 stores to open across the Midlands and Northwest London
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Analysis & InsightBrewDog eyes jewels of youthful India
With plans to launch 100 bars in India over the next decade, MCA examines how a craft beer boom, a nascent brewpub culture and young and growing middle class have led the beer rebels to bet big on the vast territory
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NewsRising prices in hospitality venues continue to drive inflation
The consumer price index dipped slightly to 10.5% in December, although restaurants and hotels continued to drive up inflation
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NewsYum! makes senior appointments for Taco Bell
Ian Cranna has been appointed general manager and Charles Saksik as development and finance director for Taco Bell UK & Europe
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NewsJust Eat maintains focus on profitability
The delivery company continued to see orders decline from their pandemic peak, but maintained a stable gross transaction value despite lower volumes
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Analysis & InsightHospitality sees best December in three years
Operators reported strong trading in December, although sales remain below pre-Covid levels in real terms, according to the latest Coffer CGA Business Tracker
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NewsOperators reduce trading hours in face of skyrocketing costs
Unsustainable utility costs in combination with cost inflation and staffing concerns are increasingly resulting in reduced opening hours
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Analysis & InsightOmnichannel growth increasingly important amid outlet decline
Leading brands saw a combined outlet decline of 0.8% in 2022 but have implemented key initiatives to diversify revenue streams, according to Lumina Intelligence
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OpinionUdon for breakfast, anyone?
As Marugame Udon makes its debut on the breakfast scene with its ‘Benedict Udon’, MCA examines the new offering and its potential for success in a category often bound by tradition
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Analysis & InsightInflation outpaces growth in eating out market
The UK total eating out market is forecast to have reached £94bn in value in 2022 - only 3% ahead of its 2019 value, following real negative volume growth, according to Lumina Intelligence
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NewsBrewDog plans to open 100 bars in India
Founder and CEO James Watt said he sees India as BrewDog’s most important international market in the medium term, with plans to open 100 venues in the next decade