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All MCA Insight articles in December 2024
View all stories from this issue.
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NewsSixth Street acquires Wingstop UK
The California-based investment firm has acquired a majority stake in the UK arm of the QSR chain, reportedly for more than £400m, with co-founders Tom Grogan, Herman Sahota, and Saul Lewin remaining minority shareholders
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News‘A cultural shift’: drinkers hit Hull’s Low Ale Trail for alcohol-free options
On ‘Mad Friday’, many festive revellers are choosing low- or no-alcohol drinks on the pub crawl touring Hull’s city centre
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NewsSoho House shares rocket after consortium tables £1.4bn takeover offer
A ‘new third-party consortium’ has offered to buy the group for $9 per share, with shares rocketing by more than 60% as a result
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NewsThe Guinness shortage is real – here’s how Diageo is racing to solve it
Irish reserves are being diverted to Britain as Christmas demand outstrips the St Patrick’s Day peak
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NewsPubs embrace festive boost ahead of tough new year
Greene King, Marston’s and others have hailed a jump in Christmas bookings but warned of rising costs next year
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NewsKKR invests in Rebel Foods
The private equity firm has invested in the cloud kitchen platform to support its future growth, following reports of its interest in acquiring the UK arm of Wingstop
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NewsGroucho Club licence reinstated
The private members club will be allowed to reopen, following its closure last month over reports of a ‘serious criminal offence’ at the venue
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NewsGusto continues strong trading
The Italian restaurant group has maintained site profitability and cash conversion, underpinned by a strong guest experience, continued investment in staff, and effective marketing
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NewsDiageo granted five royal warrants
Justerini & Brooks, Johnnie Walker, Royal Lochnagar, Tanquery Gordon & Company, and The Pimm’s Company were among those granted royal warrants by His Majesty The King
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NewsSoho House evaluates acquisition offer
The offer comes from a third-party consortium, in response to a review that claims the company’s current share price does not reflect its inherent value
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NewsKFC launches new spinoff concept Saucy
Saucy will debut in Orlando, Florida, later this month, offering a menu focused on chicken tenders and 11 sauce options
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Young’s Pubs, GDK, JÖRO, and more
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NewsGlendola Leisure grows sales and profits
The operator has entered into an agreement to lease a site in Waterloo Station, while it is developing plans for another venue in Belfast
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NewsPeaky Blinders venue launches at Birmingham Airport
Shelby & Co Bar & Kitchen is a partnership between SSP and the producer of the popular gangster series, Banijay
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NewsPizzaExpress to make US debut in Florida
Launching with franchise group Purple Square Management Company, the brand hopes to reach 1,000 restaurants globally (including the UK) by 2030
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NewsJamie Oliver CEO steps down
Kevin Styles is stepping down as CEO of the Jamie Oliver Group after nearly two and a half years with the business
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NewsStonegate Group invests £100m in 2024
The figure includes investment into new concepts, such as Rita’s Beerhall and Ballroom in Leeds, transforming a former Walkabout site with a £1m investment
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NewsUKHospitality: Inflation and lacklustre growth ‘paint troubling picture’
The trade body has renewed calls for the government to rethink its changes to NICs, following the jump in inflation to 2.6% in November
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NewsDrake & Morgan remains resilient
The Bowmark Capital-backed, London-based bar and restaurant group achieved turnover of £45.5m, with Christmas trading set to beat last year’s records
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NewsAzzurri Group delivers transformational year
The group achieved an 18% increase in revenue to £303.1m for the year ended 30 June 2024, while successfully transitioning from a pure-play restaurant operator to a hospitality investment platform