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All MCA Insight articles in December 2024 – Page 2
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NewsChopstix targets £200m within three years
The Asian-inspired QSR chain also aims to reach 300 sites within three years, and has launched a new employment initiative as part of the strategy
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NewsMarston’s announces price rises
The price of a pint has increased by approximately 10p, with varying price rises across the country
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NewsWingstop achieves 122% increase in turnover
Turnover rose to £84.7m for the year ended 31 March 2024 while like-for-like growth stood at more than 50%, with the QSR chain in the midst of a sales process
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NewsRichard Franks joins Shake Shack
The former managing director of Hop Vietnamese and Chilango has been appointed UK business director at Shake Shack
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NewsShepherd Neame announces new NEDs
Marion Sears and Margaret Lustman have been appointed as non-executive directors, with Hilary Riva and Kevin Georgel to step down on 31 March
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NewsFairgame plans to triple estate
The competitive socialising concept, launched by Richard Hilton and Paul Campbell in 2022, has secured a second location in the City and is in negotiations on its first international site
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Analysis & InsightHospitality sees first real-terms growth since June
Year-on-year sales growth stood at 2.7% in November 2024 - marginally above the rate of inflation - and provides cautious optimism for the festive season, according to the CGA RSM Hospitality Business Tracker
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Analysis & InsightFoodservice insolvencies see year-on-year decline
Insolvencies in the sector were down 24% in October 2024, although RSM UK expects to see an uptick next year due to post-Budget headwinds
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NewsNEOS announces multimillion-pound investment as part of evolution strategy
The £2.5m refurbishment of Pryzm Bristol is part of an ongoing evolution to strengthen and expand core brands and diversify the group’s offerings
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NewsHagen unveils new espresso bar concept
The Danish-inspired speciality coffee group has launched a new site in London’s Mayfair, which houses a roasting room and circular bar
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Analysis & InsightSundays remains most popular booking day
Taking Christmas/December bookings out of the equation, Mother’s Day was the most popular date for reservations, followed by Father’s Day and Easter Sunday, according to Zonal
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NewsCoffi Lab receives £1.5m funding boost
The Wales-based dog-friendly coffee shop concept has received the investment from the Development Bank of Wales to scale its store network
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NewsHospitality can ‘be at heart’ of government growth agenda
UKHospitality has expressed relief that tourist tax powers were not included in the Deputy Prime Minister’ devolution white paper
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Analysis & InsightExperience and quality-seeking millennials make their mark
Lumina Intelligence data shows ‘Experience-led’ and ‘Quality-Led’ being two consumer mindsets making notable upward strides in the latest year
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NewsCarlsberg/Britvic deal cleared
Carlsberg and Britvic said in a separate joint statement that all regulatory conditions have been satisfied, including clearances from the European Commission and the UK’s Competition and Markets Authority
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NewsParts of Ibérica sold out of administration to Camino
Spanish restaurant group Camino has taken over Ibérica’s sites in Victoria and Farringdon, preserving part of the business - although three remaining locations have closed
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Analysis & InsightKorean ‘K-Wave’ worth £3.5bn
Korean staples like kimchi and fried chicken are well-established, but Just Eat says there is untapped potential for dishes such as bibimbap, bulgogi, and japchae
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NewsLiberation Group rebrands to Butcombe Group
The Butcombe brand has established itself as a leader in the premium pubs and drinks business, and is where the majority of growth is likely to come from
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Analysis & InsightA taste tour through London’s Bermondsey
From established concepts like Bleecker and Pizza Pilgrims to emerging innovators like The Untitled Sandwich Shop, Lumina Intelligence’s Q4 concept tour showcased indulgence, experiential dining, and all-day and multifunctional concepts
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Analysis & InsightFoodservice inflation drops to 2.2% in October
It is the 16th consecutive month of decline, the latest Foodservice Price Index report from Prestige Purchasing and CGA by NIQ shows