All MCA Insight articles in August 2024 – Page 8
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NewsRevolution Bars Group restructuring plan approved
It means the late night group can move forward and amend and extend its lending facilities, exit certain loss-making sites, and implement rent reductions at others to return them to profitability.
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NewsAmber Taverns pursued by Epiris
Big Table Group-backer Epriris is going head to head with Guy Hands’ Terra Firma private equity firm in pursuit of the wet-led community pub company, Mark Kleinman writes for City A.M.
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NewsDeliveroo achieves profit milestone
The delivery company reported total profit of £1m in the first half, following a loss of £83m in 2023
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InterviewsProfessionals at Play looks to untapped family market
The group formerly known as Roxy Leisure believes the potential for family-focused experiential offers is ‘huge’, COO Colin Sadler tells MCA
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NewsKevin Hydes steps down from Tim Hortons
The chief commercial officer led the launch of the Canadian coffee and QSR business into the UK, growing it to 78 sites over the course of seven years
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InterviewsPizza Hut: ‘People change and so must we’
Following a recent brand reset, UK MD Nicolas Burquier speaks to MCA about avoiding complacency, catering to changing customer needs, and withstanding the test of time
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NewsBig Table runs rule over US QSR brands
CEO Alan Morgan is taking a more proactive approach when looking at brands adjacent to his core casual dining group, but is wary of missing the boat on big trends such as fried chicken
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NewsBewiched Coffee sees strong LFL growth
The independent coffee shop brand, which has just opened its 19th site in Leamington Parade, has seen close to double-digit like-for-like sales growth across all dayparts
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NewsAggregators urged to suspend deliveries during riots
Delivery riders have been advised to only work if they feel safe, and avoid areas where there is a risk of unrest, as the prospect of far-right riots continues to blight the country
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NewsBusinesses shut early amid riot fears
Pubs, restaurants, coffee shops and takeaways across the country closed up early yesterday over fears of a new spike in far-right rioting and violence, though the disorder did not materialise
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NewsFootfall plummeted across the UK in the week marred by far-right riots
Data shows that when the rioting began on Tuesday, footfall was down “comprehensively” across all regions and nations
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NewsOptimum Group sourcing new Costa sites
The Costa, Kaspa’s, and I am Doner franchisee is planning further openings for its coffee and doner businesses
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NewsDomino’s like-for-likes forecast to move into positive territory
This is expected to be driven by the collaboration with Uber Eats, the £4 lunch menu, faster deliveries, and growth in active app users, according to Peel Hunt
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NewsThe Breakfast Club: ‘Performance bodes well for future expansion’
The group reported £17.8m revenue for FY24, with four new openings and double-digit like-for-like growth in central London
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NewsKFC UK reports sales drop
Parent company Yum! Brands recorded a 3% decline in system sales growth for KFC UK in Q2 2024
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NewsTortilla launches first ever app
Burrito Society will allow customers to collect stamps, unlock rewards, and order ahead at all company-owned sites
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NewsRoxy Leisure rebrands to Professionals at Play
The experiential operator has brought together its concepts under one brand, while also announcing a management restructure and new concept Star Pins
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OpinionAn agile rethink of labour costs
As restaurateurs face a perfect storm of spiralling labour costs and continuing operational expenses, labour allocation is becoming the most expensive decision they make each week, Vita Mojo co-founder Stefan Catoiu writes
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NewsFuller’s acquires Lovely Pubs for £22.5m
The seven-strong Warickshire pub collection is described as highly complementary and generated EBITDA of £3.1m in the last financial year
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Analysis & InsightHospitality and leisure continue to benefit from summer of sport
Pubs and bars saw a 4.9% uplift in July, with transactions tripling on the day of the Euros final, according to Barclaycard