All articles by Georgi Gyton – Page 15
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NewsWhitbread F&B sales behind pre-pandemic
Sales were 40% ahead of FY22 for the 52 weeks to 2 March 2023, however they remained 4% behind pre-pandemic levels
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NewsLoungers achieves ‘industry-leading’ like-for-likes
The group reported stronger like-for-like sales growth in H2 FY23 of 11.8%, and record revenue for the financial year of £285.3m
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NewsOpenings of the week
MCA rounds-up the biggest openings stories of the past week, featuring Daisy Green, EL&N, Chopstix and more
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Analysis & InsightFoodservice price inflation shows signs of easing
Food price inflation fell slightly year-on-year to 20.6% in February, but margin pressure for operators is still expected to increase this year, according to the latest CGA Prestige Foodservice Price Index.
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NewsUrgent intervention needed to save hospitality businesses
With sustained inflation levels and a drop off in support from the government on energy costs, UKHospitality is urging energy regulator Ofgem to force suppliers to play their part in supporting businesses
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NewsIsland Poké 'very confident' about central London trade
Island Poké is aiming to open seven to 10 new locations in the capital per year, as part of c.100 potential locations identified in the UK, its head of property Hux Norman tells MCA.
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NewsSubway deal value see $3bn fall
The sale price of the global sandwich chain could be cut from $10bn to $7bn as a lack of interest from prospective buyers has forced it to push back bidding deadlines, it has been reported.
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Analysis & InsightDinner experiences decline in channel share
The dinner day-part has seen its occasion share decline by 1.4ppts year-on-year, in the four weeks to 19 March 2023, according to the latest Lumina Intelligence Eating and Drinking Out Panel data.
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Analysis & InsightSignificant number of consumers planning cuts to nights out
More than three-quarters of consumers are planning to cut down on nights out, the latest Rekom Night Index has found.
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Analysis & InsightRestaurants saw boost to spend over Easter
Hospitality and leisure businesses benefitted from a 2.7% increase in the total number of sales as the warmer weather saw people come out and spend, according to new data
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NewsBrasserie Bar Co has strong pipeline of freeholds
The group, which achieved ‘record-breaking’ sales in the year to 26 June 2022, has since acquired three new freeholds with a big pipeline of further sites on the horizon
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InterviewsRed Oak Taverns: ‘We have the firepower for a large acquisition’
The leased and tenanted business has the capital to almost double its estate – but finding suitable site opportunities is proving a stumbling block to growth, co-founder Mark Grunnell tells MCA
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NewsGreggs rolls out eco learnings to 250-plus shops
The food to go retailer said it had made significant progress on the 10 targets that form part of its Greggs Pledge, including the reduction of food waste and increase in healthier food options
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Analysis & InsightPret increases prices by up to 18%
The price of an all-butter croissant at Pret’s station sites has increased by 18.2%, for example, however price increases at its high street sites have been less steep, it has been reported
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Analysis & InsightConsumers opting to cook at home over restaurant meal
A fifth of consumers are even avoiding social plans that involve eating out, in order to save money, the latest Barclays card spending data has found.
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NewsPizzaExpress appoints COO
Lawrence Harvey will lead operations across all 350-plus restaurants in the UK and Ireland and report to CEO Paula MacKenzie
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring Dishoom, Wagamama, Bundobust and more
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Analysis & InsightFulham Shore: ‘Too tempting an offer to refuse’
The cash offer on the table may not price in Fulham Shore’s full potential, but the acquisition by Toridoll represents a good deal at a time when the restaurant sector is not yet back to full strength
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NewsBurger & Sauce signs five new franchisees
The business is looking to expand from its Birmingham base to Sheffield and Liverpool through its new franchise partners
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Analysis & InsightUK leading Europe’s coffee shop outlet growth
The UK coffee shop market grew 4.4% over the last 12 months to reach 9,885 outlets, compared to overall European market growth of 3.3%, according to a new World Coffee Portal report.