All MCA Insight articles in August 2024 – Page 9
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NewsNigel Sherwood swaps Waga for Whitbread
The experienced restaurant operator joins in Novembver as MD of Whitbread’s branded restaurant division, following plans to exit 126 restaurants and convert 112 into hotel rooms
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NewsTGI Fridays to transition to full franchised model
Hostmore is planning to transition into an “asset light” model with no corporate stores following the reserve takeover of the American TGI Fridays business
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NewsUKHospitality publishes support hub for businesses impacted by riots
Pasture in Bristol was among the businesses impacted by the disorder, while a video shows rioters in Hull trying to smash their way into a Greggs bakery store
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InterviewsDRG’s Café Andaluz to debut in London
Scotland-based Di Maggio’s Restaurant Group (DRG) has a site earmarked in the captal for its seven-strong tapas brand, with an eye on expanding its Sugo Pasta concept in the future
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NewsRedCat completes £61m refinance
The Rooney Anand-chaired pub company has secured a deal which comprises debt funding from Barclays and further equity from the investors, including funds managed by Oaktree Capital Management
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NewsDomino’s 1.8% sales dip offset by Shorecal acquisition
The pizza group has sold 305 London stores sold to five different franchise partners for £35.1m, and has entered the second stage of its loyalty scheme trial
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InterviewsWingstop UK: ‘People want to experience the joy and hype together’
Co-CEO Chris Sherriff speaks to MCA about driving operational excellence, delivering experiences over transactions, and learnings from the brand’s journey in the UK, as the UK business enters into a sales process
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NewsPortobello Pub Co sees ‘clear opportunity’ ahead
The 27-strong premium pub group looks to maintain its current rate of growth, following the recent acquisition of Darwin & Wallace
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NewsClays secures new investment
The Imbiba-backed virtual shooting concept has completed a £6m fundraise and will make its regional debut in Birmingham this year
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NewsWingstop UK initiates sale process
Sky News reports that Goldman Sachs is understood to have begun issuing information about Wingstop UK to third parties in past weeks
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NewsJulian Metcalfe joins Knoops board
The Itsu and Pret founder joins as a non-executive director alongside Alice Avis, as the chocolate specialist also secures EIS approval for a £5m fundraise
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NewsContinued strong performance for Liberation Group
The premium pub operator and brewer saw a like-for-like sales uplift of 6.4% in H1, with growth driven by its food offer, breakfast and brunch trade, and strong occupancy
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Analysis & InsightGreggs has won the breakfast war — now it is coming for dinner
The high street bakery chain is well ahead of McDonald’s for early morning sales, but faces a tough fight for evening trade
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Analysis & InsightCan Sir John Manzoni clean up the mess at Diageo?
Can the high-flying former oilman find the recipe for revival — and shore up its under-pressure boss?
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Analysis & InsightHow a jet, board rights and $26mn of olive oil tie Howard Schultz to Starbucks
Governance questions have become more pressing as the coffee chain’s challenges have proliferated
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NewsRestaurant manager stole £21k after staff tips cut
The former boss, who fraudulently exploited Piccolino’s loyalty scheme, claims he shared nearly £11,000 with colleagues
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InterviewsTaro envisages another five-10 sites in Greater London
The Japanese dining concept is looking at Wimbledon and East London for its next steps, having opened its seventh and eighth sites in Brentwood and Catford this summer
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NewsKrispy Kreme unveils new store design on Oxford Street
Innovative use of circular profile rings highlights the function and design of the space while creating a strong brand identity
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NewsPapa Johns appoints Todd Penegor as CEO
Penegor, mot recently president and CEO at Wendy’s, has over 20 years of experience in the restaurant and consumer goods industries
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NewsPunch Pubs: All divisions remain in growth
The Leased and Tenanted, Management Partnership, and Laine divisions all delivered like-for-like growth, with total revenue amounting to £241.5m