All articles by Shwetali Sapte – Page 96
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InterviewsBundobust looks to continue expanding South
The Indian street food and craft beer concept is considering Nottingham, Cardiff, and Bristol for further expansion, founders Mayur Patel and Marko Husak tell MCA
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Analysis & InsightInflation continues to outpace sales growth
Like-for-like sales across pub, bar, and restaurant groups were 1.4% ahead of last year but well below inflation, according to the Coffer CGA Business Tracker
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InterviewsJamie Oliver Restaurants aims for 200-site mark by 2027
The company is focused on international growth, while moving towards an experiential-led brand in the UK, group director Ed Loftus tells MCA
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Analysis & InsightConsumer confidence sees month-on-month improvement
Consumer confidence is up six points to -30 in April 2023, compared to -36 in March, according to the GfK Consumer Confidence Index
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NewsLee Nixon steps down as Ole & Steen MD
Nixon steps down after nearly three years in the role, having overseen the doubling of the Danish bakery chain’s estate from 13 to 26 sites
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NewsPret debuts in India
The food-to-go brand has launched its first shop in Mumbai, the first of further openings planned for later this year
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NewsAverage price for a pint rises 11.9%
The average cost of a pint of draught lager soared by 11.9% in the year to March 2023, double the previous record high for a year-on-year increase
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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