All articles by Shwetali Sapte – Page 15
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Analysis & InsightLoungers buyout makes ‘perfect sense’ for management and shareholders
The all-day operator is the latest in a growing list of hospitality groups to exit the public markets, with a share price that has failed to reflect the real value and potential of the business, analysts and commentators tell MCA
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Analysis & InsightDelivery volumes continue to grow
While at-home revenue growth is partly driven by increased prices, CGA’s latest Hospitality at Home Tracker shows an uptick in the volume of orders
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NewsPizzaExpress launches new Pod concept
The PizzaExpress Pod has opened at Tesco Extra in Southampton, offering customers their favourites on the go as well as a chance to redeem Tesco Clubcard points
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NewsWingstop appoints first CMO
Dirujan Sabesan has been appointed chief marketing officer as the QSR chain seeks to reinforce its position as a leader in youth culture and creative marketing
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NewsLoungers H1 revenue soars to £178m
The Lounge and Cosy Club operator grew revenue by 19.2%, supported by like-for-like growth of 4.7% and 17 new sites. CEO Nick Collins cited the quality and flexibility of the offering, along with the resilience of the UK consumer
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NewsLoungers to be acquired by Fortress Investment Group
The cash offer values Loungers at an enterprise value of approximately £350.5m, with Fortress saying the hospitality group holds a strong and differentiated position in its industry
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InterviewsJeremy King: ‘You must open restaurants you want to go to yourself’
The grandee of restaurants shared advice, anecdotes from learnings from a life in hospitality, including what made Le Caprice special
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InterviewsMitchells & Butlers toasts strong start to FY25
The group is cautiously optimistic amid the festive trading period, and will make pricing decisions to mitigate the impact of the Budget in the new year, CEO Phil Urban tells MCA
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NewsGail’s turnover rises to £179m
The premium bakery chain increased turnover by 32%, and has budgeted 35 new openings for the current financial year as it continues to build its presence outside the Southeast
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NewsGroucho Club has licence suspended
The Soho private members club has been forced to temporarily close following reports of a ’serious criminal offence’ at the venue
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NewsJust Eat to delist from London Stock Exchange
The food delivery group seeks to reduce the administrative burden, complexity, and costs associated with maintaining its London listing, also citing low liquidity and trading volumes
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NewsMitchells & Butlers grows sales to £2.6bn
The pub and restaurant operator also achieved like-for-like growth of 5.3% in FY24 - a strong period of cash generation - while turning a profit of £199m
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NewsDave’s Hot Chicken to launch on Shaftesbury Avenue
The Nashville-style chicken chain, brought to the UK by Azzurri Group, will open on 7 December - but is yet to confirm whether its infamous Carolina Reaper chicken will be offered
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NewsSanto Remedio explores new taquería concept
The Mexican restaurant group hopes to launch a taquería concept in the future, with plans to explore a fundraise next year, MCA’s Restaurant Conference heard
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InterviewsAnglian Country Inns: ‘We still have opportunities to grow’
The existing estate still has capacity to grow, albeit the group is intent on mitigating the impact of the Budget, MD James Nye tells MCA
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InterviewsJeremy King: ‘We’ll spend £10m to make it look like we’ve done nothing’
As he prepares to relaunch Simpsons on the Strand, the veteran restaurateur speaks to MCA’s Restaurant Conference about his comeback to London’s hospitality scene and balancing the old with the new
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Analysis & InsightQuality and health return to consumer agenda
Value scrutiny has levelled off in consumer attitudes while ingredient quality and healthy options become growing factors, according to Lumina Intelligence
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NewsCosta initiates 24-hour trading trial
The coffee chain has launched a 24-hour trading trial at its drive-thru store in Leicester Meridien East, with potential for further rollout
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Analysis & InsightFive Guys’ John Eckbert on building a people-driven business at scale
Speaking at MCA’s Restaurant Conference, Eckbert reflected on Five Guys’ journey over the past decade as it approaches the 170-site mark
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Analysis & InsightRestaurant market growth forecast to lag pubs and fast food
The UK restaurant market is forecast to grow by 1.3% in 2024 to reach a value of £19bn – lagging behind the total eating out market’s growth rate of 2.6%, according to Lumina Intelligence’s new Restaurant Market Report