All MCA Insight articles in August 2024 – Page 3
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NewsDeliveroo primes drivers to photograph restaurant menus amid price row
The move comes as research finds ordering takeaways through delivery apps can cost 44% more
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Analysis & InsightCheap rents and return of shoppers inspire a high street revival
After a decade of slow and painful decline, bricks-and-mortar shopping is enjoying a renaissance
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NewsPubs will cut their opening hours as peak rail fares return, warn business leaders
Trade and industry leaders say end of the ScotRail fares trial means footfall will drop in city centres
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NewsFish and chips price rise tops UK takeaways
The average price for a portion of fish and chips rose more than 50% to nearly £10 in the five years to July, BBC News reports
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NewsSt John returns to 1994 prices for 30th anniversary
The ‘nose to tail’ Michelin-starred restaurant will serve customer favourites such as the roast bone marrow and parsley salad for just over £4
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NewsJamie Oliver Holdings reports rise in turnover
The group also reported a decrease in profitability due to increased operating expenses following the opening of the Catherine Street restaurant last year
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NewsCrosstown co-founder issues warning to new owners
Adam Wills, who has since left the premium doughnut brand, has remarked that “no business deserves to survive just because it was once great”
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NewsUrban Greens to accelerate expansion
The London-based premium salad chain is looking to add a further five sites to its estate over the next 18 months, co-founder Rushil Ramjee told MCA.
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Shake Shack, Bleecker, Benugo and more
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Analysis & InsightNavigating new waters: how hospitality is adapting to changing consumer behaviours
With costs and revenues still under pressure, many hospitality businesses are switching up their offerings in an attempt to adapt to new desires and retain customers, writes Benamin Wiles of Kroll financial advisors
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NewsScoffs Group aims for 400
The Costa Coffee and itsu franchise business is looking to reach the target within five years, with a minimum of 20 stores a year planned
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NewsPizza Hut Restaurants achieves profit and LFL sales growth
The franchise business achieved a £4.7m increase in operating profit to reach £1.7m in 2023, from a £3m loss in 2022
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NewsBoston Tea Party reports sales decline
The 23-strong independent café chain saw a 5% decrease in net sales to £21.7m
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NewsCineworld to inject £35m into estate
The cinema chain’s US backers have agreed to inject the investment to catch up with rivals if its rescue plan is agreed
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NewsSmashville on the lookout for franchisees
The smash burger concept is targeting forecourts as well as high street locations for expansion through franchising
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NewsMcDonald’s at 50: ‘We’re proud of what we’ve delivered’
The fast food brand has had a cumulative £94.45bn gross value added (CGA) impact on the UK economy since it entered the country 50 years ago, according to a report marking its anniversary
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InterviewsMcDonald’s UK: ‘We still have a lot to learn’
The chain is keen to trial a variety of different formats across its estate, with its recently launched ‘Drive To’ restaurants well received by customers
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OpinionDon’t take it personally…
A business that one day is lauded as an iconoclastic, entrepreneurial disruptor can switch almost overnight into being an unwelcome corporate intruder - at least in the eyes of a portion of the public, Peter Martin writes
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Analysis & InsightYoung people continue visiting pubs despite drinking less
Among 18-24-year-olds, a third are drinking less than a year ago, but this has not impacted engagement with pubs and bars, with 86% making a visit in the last three months
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InterviewsNQ64 looks for opportunities at home and further afield
The retro arcade bar concept, which operates 12 sites across UK cities, believes there are “many more” opportunities, co-founder Matt Robson tells MCA