All articles by Shwetali Sapte – Page 81
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NewsTesco debuts pub to mark Coronation
Pub chains have long spoken out against the tax burden on pubs vs supermarkets, which allows the latter to heavily subsidise prices
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InterviewsEgo Restaurants: ‘The runway just got a lot bigger’
With Mitchells & Butlers acquiring the remaining 60% stake in the chain, Ego now has the balance sheet to accelerate expansion, CEO James Horler tells MCA
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NewsPersistent inflation ‘increasingly concerning’
While CPI has dropped, food prices continue to accelerate, prompting trade bodies to speak out on behalf of struggling businesses
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Cafe Wolseley’s international debut and new venues from Bao, Smoky Boys, and more
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NewsFood prices accelerate at fastest rate in 45 years
Inflation dropped to 10.1% in March, down from February’s 10.4%, but food and non-alcoholic beverage inflation jumped to 19.1%
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NewsMitchells & Butlers to acquire remaining stake in Ego Restaurants
M&B, which took a 40% stake in Ego Restaurants in 2018, plans to expand the Mediterranean-themed pub and restaurant chain nationwide
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NewsJust Eat makes progress on profitability
The delivery company’s Q1 2023 update saw a decline in orders and gross transaction value, attributed to a year-on-year comparative with the pandemic
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NewsPopeyes announces further openings and breakfast menu launch
The Southern fried chicken chain will open a further four sites in London, which will see the launch of its breakfast menu in the UK
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NewsBean Coffee prepares for national rollout
The independent coffee chain, which has 20 retail and office locations in the Northwest, has appointed leisure agents Stärka as it expands beyond its home territory
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Analysis & InsightPret’s spring refresh relies on both health and indulgence
As two competing trends take over the sector, the food-to-go brand has unveiled a range of new items that cater to changing consumer needs following a pandemic and cost of living crisis
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NewsHakkasan and Yauatcha owner acquired for $550m
Investment group Mohari Hospitality has bought Madison Square Garden Entertainment’s majority share in Tao Group
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NewsMcDonald’s announces recipe changes to core items
The chain will make changes to the Big Mac among other items, in its first major menu change since launching the crispy chicken sandwich
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NewsCity Pub Group confident in coming year
Like-for-like sales were up 3% in FY2022 and 13% in Q1 FY2023, with the 43-strong pub operator focusing on premiumisation and increasing its investment in Mosaic
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InterviewsBoxpark: ‘We feel we’ve created a successful model’
CEO Simon Champion speaks to MCA about the new BoxHall concept, soaring sales over the Easter weekend, and creating value through the loyalty programme
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NewsGail’s launches first loyalty programme
The artisan bakery will launch its first loyalty programme on 11 April, following the recent introduction of click and collect and expansion of its delivery services
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InterviewsETM: ‘St Austell venture will create something special’
CEO Ed Martin speaks to MCA about opening premium sports bars with St Austell, what the offer will look like, and focusing on experiential hospitality
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InterviewsVagabond looks to airports and sites outside London
Founder Stephen Finch discusses how the upcoming opening at Gatwick opening will be the equivalent of “four or five Vagabonds”
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Analysis & InsightTransaction values expected to flatline over Easter
Hospitality venues can expect to see growth in transaction volumes albeit at a consistent spend level over the Easter weekend, according to payments company Dojo
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InterviewsLunar Pub Company targeting organic growth
The group aims to offers a country pub experience in London and will look to expand its concept to more neighbourhoods, owner director Hubert Beatson-Hird tells MCA
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NewsSt Austell announces new venture with ETM directors
The brewer and pub company will launch a series of premium sports bars, called Ludo Sports Bar & Kitchen, with ETM’s directors