All articles by Finn Scott-Delany – Page 3
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News
YO! returns to profit
The sushi restaurant and supermarket kiosk operator saw a strong rebound in footfall post-pandemic, with adjusted EBITDA increasing to £7.4m
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News
Chick-fil-A announces UK return
The fried chicken chain will relaunch in 2025 with an initial five sites, following its departure in 2019 amid LGBT protests
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News
Amber Taverns plans 14-16 new openings this year
The community wet-led pub operator reported a 70% increase in revenue to £95.7m in FY2023
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Interviews
Loungers: ‘We must remember what it’s like to be a small business’
As the all-day operator marks the milestone of 200 sites under its Lounge concept, chairman and co-founder Alex Reilley speaks to MCA about the big target of reaching 600 locations, and how the business’ leaders are adapting to a larger profile as the company expands its footprint in high streets across the nation
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Analysis & Insight
TRG’s leisure disposal ‘removes poison pill’
The Restaurant Group’s offloading of its leisure business was hailed for its “strong strategic rationale”, while the sites “may do better” under The Big Table Group, according to analysts
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News
Honest Burgers seeks investment for QSR spin-off
Off the back of its smashed burger product, Honest is tapping up customers for funds on Crowdcube, in the hope of taking on bigger burger brands
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Interviews
Jeremy King on his return to hospitality: ‘There was no dilemma’
As he announces his first new restaurants since his departure from Corbin & King, Jeremy King sits down with MCA to discuss the allure of all-day grand cafes, why he strives for egalitarianism in his restaurants, and why his next project will be a contemporary, American-inspired affair
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Interviews
Jeremy King: ‘People were amazingly fond of Le Caprice’
The restaurateur, who ran the iconic destination with partner Chris Corbin during its 1980s heyday, speaks to MCA about bringing back Le Caprice and celebrating what made it a successful restaurant in the first place
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Interviews
Heart with Smart: ‘Our business is robust’
CEO Jens Hofma hit back at reports suggesting an uncertain future at the Pizza Hut Restaurants operator, telling MCA trading is “improving rapidly”
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News
Heart with Smart confident of agreeing refinancing
The Pizza Hut Restaurants operator has agreed a temporary covenant structure while it negotiates with its lenders
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News
Dishoom expects full profit recovery in 2023
The company said although profitability was not at pre-pandemic levels in 2022, there was an improvement in underlying profit margins vs FY21
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Interviews
itsu reports record sales in last 8-12 weeks
Directors Greg Thorpe and Neil Miller break down the sales resurgence at the food to go brand, regional profiles across the estate, and the next steps in its digital journey
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News
Vinoteca acquired by Breal Capital
The wine bar group was bought in a pre-pack sale after struggling with Covid, train strikes, and a poorly performing site in Birmingham
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News
itsu stores break £100m sales milestone
Founder and CEO Julian Metcalfe said “20 mega new sites” are set to open by 2024, serving more hot food options, while the brand has signed a new deal with Costa franchisee Scoffs to open in Exeter
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Analysis & Insight
TDR Capital: ‘These guys are ninjas, I wouldn’t bet against them.’
Following the private equity group’s £50m backing of Popeyes UK, MCA looks at the background of the investor behind Stonegate, EG Group and Gondola Holdings
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Opinion
Hospitality can learn lessons from Tour de France stars
The pressure might be different, but like the pro riders targeting the yellow jersey, operators are expected to offer uniform consistency day-after-day, MCA editor Finn Scott-Delany writes
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Interviews
Deliveroo: ‘We don’t obsess about our competitors’
Chief business officer Carlo Mocci tells MCA that the current market conditions have led to a “substantial slowdown” in the growth of dark kitchen model Deliveroo Editions, but the company still sees plenty of headroom for growth
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Interviews
Turtle Bay awaits stronger investment climate
The Carribean-inspired bar and kitchen, backed by Piper since 2013, will only consider investment options which represent the best value for the business, CEO Nick Crossley tells MCA
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Interviews
Loungers’ share price ‘obviously frustrating’
CEO Nick Collins speaks to MCA about the mystery of the group’s disappointing valuation, why seaside towns are thriving and how the group is “back at the top of our game” on food innovation
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Interviews
FB Taverns: Wet-led pubs ‘very resilient’
Speaking after FB Taverns acquired a package of 27 tenanted pubs from Cameron’s Brewery, co-founder James Maizels says there’s a good opportunity to enter the pub market “from a value perspective”