All articles by Shwetali Sapte – Page 90
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NewsKrispy Kreme revenues up but profits down
The doughnut chain reported revenue of £117m in 2022 and profit after tax of £4.1m, saying it has progressed well on its omnichannel strategy
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InterviewsBunsik targeting further growth in London
The Korean street food concept is opening in first site outside the capital in Manchester, but remains focused on solidifying its London presence, group director Jae Cho tells MCA
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NewsHeartwood Collection secures additional £100m funding
The operator, formerly Brasserie Bar Co, will use the £50m facility from OakNorth Bank and an additional £50m from Alchemy Partners to support its rollout into freehold pubs and pubs with rooms, as part of its ambition to reach 60 sites by 2027
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NewsNightcap grants share options to employees
The late night operator has granted a total of 1,160,000 share options to a number of its employees
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NewsI am Döner to expand South
I am Döner will open a flagship central London store and its biggest venue yet later this year, founder Paul Baron tells MCA
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![Kevin Georgel, Chief Executive[80]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/6/3/1/297631_kevingeorgelchiefexecutive80_668299.jpeg)
InterviewsSt Austell: ‘There’s a positive story to tell’
CEO Kevin Georgel speaks to MCA about restoring revenue beyond pre-pandemic levels, the new venture with ETM Group directors, and unleashing the full potential of the business
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OpinionEDI policies essential to stay competitive
Research finds those businesses that adapt are more likely to be successful and profitable, according to Nathan Nalla, founder of inclusive culture organisation Be the Riot
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Analysis & InsightHigher prices must be justified, says Lynx Purchasing
While higher food prices are here to stay, adding value to menus through quality ingredients can justify and encourage consumer spend
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Analysis & InsightCentral London on road to recovery
Central London, which lost 15.6% of its licensed premises between March 2020 and 2023, saw a net decline of only 1% in Q1 2023, according to CGA and AlixPartners
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Analysis & InsightCompetitive socialising continues to rise
The number of transactions at competitive socialising venues are up 9% in March 2023 vs October 2022, with sales up 5%, according to CACI
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Analysis & InsightSupply chain fragility continues to hit hospitality
The cost of goods sold reached 27.3% in February 2023 – an increase of more than five percentage points in less than two years, according to new data from Fourth.
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InterviewsSubway: ‘We see a fantastic opportunity for growth’
UK & Ireland managing director Nigel Doughty speaks to MCA about enhancing the digital experience, strategic physical expansion and evolving the food offer
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Arcade Food Hall, Fish Game, The Table, and more
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InterviewsLucky Voice looks to regional cities
The social entertainment concept will likely launch in Manchester or Birmingham in 2024 as it looks to double its estate, MD Charlie Elek tells MCA
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Analysis & InsightDiversification boosts growth for pubs
Lumina Intelligence insight director Blonnie Whist explored trends in the pub market at MCA’s Pub Conference, from diversification to premiumisation, experiential, and treat-led occasions
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Analysis & InsightWhat next for EG Group’s foodservice business?
MCA explores the implications of Asda’s £2.3bn acquisition of EG Group for its foodservice businesses, including synergies, cross-selling opportunities, and stores which blur the boundaries between retail and hospitality
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NewsThwaites in ‘strong position’ to regain pre-Covid momentum
The Lancashire-based pub operator and brewer reported a turnover of £108.8m for the year to March 2023, up from the prior year’s £96m
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NewsSSP revenues driven by air travel
UK & Ireland revenue remains at 94% of 2019 levels, driven by air travel due to the impact of industrial action on UK rail
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NewsWhitbread F&B sales recover in Q1
Whitbread has announced its Q1 FY24 trading update, with total revenue up 19% and total UK F&B sales 10% ahead vs FY23
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NewsHigh Court rules in favour of PizzaExpress on insurance payout
The High Court has ruled in favour of a group of businesses seeking insurance payouts for Covid-related losses