All MCA Insight articles in August 2024 – Page 7
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NewsJoseph Holt launches hotels arm
The Manchester brewer and pub company, which is 175 this year, says Hotels by Holts will combine traditional pub hospitality and affordable accommodation
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InterviewsBistrot Pierre: ‘We have a great future ahead'
The French restaurant group’s new all-day concept has been well received, along with a return to profitability in FY24, CFO Samantha Gordon tells MCA
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NewsImprovement ‘across the board’ for Soho House
CEO Andrew Carnie said the group has seen consistent trends across all major geographies, with average spend per member improving in Q2
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NewsMajority want more taxes on ultra-processed food
Only 19% are opposed to taxing fast food businesses, according to the survey by Ipsos for the Health Foundation thinktank
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NewsBurger King UK grows revenues and profits
The UK master franchise business led by Alasdair Murdoch hailed a strong performance, with total revenues up 30% to £381.8m in 2023, and adjusted EBITDA growing by 54% to £32.3m
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News17k shops at risk without rates overhaul
Simon Roberts, CEO of Sainsbury’s, and Paddy Lillis, general secretary of the Usdaw union, say tens of thousands of jobs could disappear because of a sharp rise in business rates bills
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Weekend Press‘RIP Groucho’: Has the celebrity members’ club gone from cool to corporate?
The owners of the famous nightspot are accused of a ‘spreadsheet culture’ and ruining four decades of hedonistic history, The Sunday Times reports
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Weekend PressSmoothies and vegan food are the new pre-flight pint for UK holidaymakers
Non-alcoholic beer sales up fivefold in some airports, as gut health products grow in popularity, The Guardian reports
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Weekend PressKaren Jones: What our Olympians can teach us in business deal-making
Companies are often set on extracting a win whatever the cost to the other side, but the mutual understanding some Olympians exhibit can deliver better results, Karen Jones writes in The Sunday Times
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Weekend PressIs this the end of the British pub?
Some 239 pubs closed in England and Wales during the first three months of the year, according to government figures – 56% more than in the same period in 2023, Sky News reports
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Weekend PressMore than 75% of popular takeaway and restaurant food is unhealthy
Researchers say ‘hugely alarming’ analysis shows more action is needed to protect consumers, The Guardian reports
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Weekend PressPret staff to wear body cameras amid fears over crime
The coffee and sandwich chain is trailing body-worn cameras in response to a surge in shoplifting and aggressive behaviour, The Telegraph reports
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InterviewsFrankie & Benny’s sales ‘much higher’ than wider market
Big Table Group is trialling a refreshed proposition at three sites and conversions to Bella Italia at a further two after discovering the Italian American brand is still making “massive average weekly sales”, CEO Alan Morgan tells MCA
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Analysis & InsightPub & bar market to grow to £23.6bn value in 2024
The +1.7% rate of growth lags behind wider eating out market growth of +2.8%, according to the Lumina Intelligence UK Pub & Bar Market Report 2024, with higher staff costs and poor weather a factor
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NewsIsland Poke acquired for £150k
The 16-strong poke bowl concept, which suffered a downturn and mounting arrears post-pandemic, was purchased in a pre-pack administration by connected party Chris Miller’s White Rabbit Projects
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NewsIn pictures: Hawksmoor Chicago
Hawksmoor has unveiled the renovation behind its latest opening on 27 June at the former LaSalle Street Cable Car Powerhouse in Chicago
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NewsKrispy Kreme: UK performance ‘not up to expectations’
The doughut brand is consolidating three sites, upgrading its core and speciality range, and launching secondary displays in convenience stores to improve profitability
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NewsSurge in violent disturbances ‘severely impacts’ night trade
The damages sustained and the subsequent loss of trade are significant blows to a sector that has already endured tremendous challenges, according to the Night Time Industries Association
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Kricket, Kerb, Jerk Junction and more
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NewsPapa Johns restructure yields results
The pizza group closed 43 underperforming restaurants and refranchised a further 60 stores, and expects the UK market to be profit-accretive based on “these actions and continued operating success”