All articles by Shwetali Sapte – Page 89
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Analysis & Insight
Transaction 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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Interviews
Lunar 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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News
St 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
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News
Fulham Shore to be acquired in £93m deal
The Franco Manca and Real Greek operator’s board has agreed to a proposed takeover by Japanese food conglomerate Toridoll
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News
Scoffs Group appoints CFO
Costa Coffee’s largest UK franchisee has appointed Jim Williamson as chief financial officer to support its accelerated growth ambitions
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News
Fulham Shore announces record revenue
Fulham Shore has provided a trading update ahead of its results for the year ended 26 March 2023, with a record revenue of £100m driven by new openings
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Interviews
Craft Union: ‘We think big but act small’
Operations director Frazer Grimbleby speaks to MCA about the Stonegate acquistion, reaching the 500-site landmark, and how the beauty of the offer lies in its simplicity
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News
Creams confirms first sites to open under new Park Garages partnership
Cafes will open within Park Garages Blackburn and Wigan later this month, following increased demand for the brand in the north.
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Interviews
Craft Union: ‘We’ve been a driving force in the recovery of Stonegate’
Operations director Frazer Grimbleby speaks to MCA about growing the estate, premiumising the drinks range, and modernising while maintaining a value-conscious and community-led offer
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News
Parogon Group to accelerate expansion
The 10-strong pub and restaurant operator, which plans to open 10 new sites by 2025, has reported a £23.8m turnover for the year to June 2022
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Analysis & Insight
New concepts capitalise on experience-led dining during cost of living crisis
Consumers are increasingly seeking out experience-led dining as they seek to justify spending, according to Lumina Intelligence
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News
McDonald’s closes US offices as it prepares to announce redundancies
The chain has closed its US offices for three days to inform corporate employees about layoffs as part of a broader company restructuring
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Analysis & Insight
Consumers to further cut discretionary spend
According to research by KPMG, 63% of UK consumers have cut down on eating out, while 49% plan to cut down further due to a rise in energy bills and tax
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News
Megan’s reports strong trading ahead of 20th opening
Megan’s is on track to deliver sales growth of 70% in its current financial year, according to finance director Gill Clements.
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Interviews
Oowee to move towards mixed concept
Oowee is gravitating towards a “mixed” concept that will blend offers from its Diner and Vegan brands, founders Charlie Watson and Verity Foss tell MCA
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News
Paul CEO steps down
Mark Hilton has stepped down as CEO of the artisanal bakery and patisserie chain after nearly four years
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News
Oakman Group: ‘Concerns about inflation and taxation persist’
When adjusted for VAT, total sales were 17% up and lfl sales 6.9% up in the first 38 weeks of FY2022/23, with work commencing on two new sites
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News
Hospitality faces £7.3bn rise in energy bills as support reduces
Analysis from UKHospitality shows that energy costs for the sector are set to be £12bn higher than prior to the energy crisis
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News
Black Sheep Brewery CFO steps down
CFO John Hunt, who joined in June 2022, has stepped down, with Anthony Hill appointed as interim CFO
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News
New bill introduced for business rates reform
Instead of the current five years, valuations will occur every three years, meaning properties with falling values will see their business rates bills drop sooner