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All MCA Insight articles in January 2025 – Page 7
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Analysis & InsightMore than 13,000 high street shops closed in 2024
Experts have warned there is ‘worse set to come’ in 2025 because of Budget cost hikes
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News‘We have a lot more to do’: no pats on the back at M&S despite blockbuster year
Turnaround is in full swing and bearing fruit, but bosses are only too aware of a history of revamps that failed to stick
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NewsShops and restaurants face record staff tax bill
Increases to National Insurance and minimum wage will cost businesses an extra £2,370 per employee
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InterviewsB Bagel looks to reach the 20-site mark
The bagel concept is planning to open three or four sites per year, with a focus on high footfall, high street locations, founder Yoav Baumgarten tells MCA
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NewsEataly sees losses widen
The Italian food hall operator, which runs a single site in London’s Bishopsgate, surpassed £26m in turnover but suffered from a rise in energy costs
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NewsGravity reports loss as it continues to scale
Openings in Liverpool One, Warrington, and Westfield Stratford offered additional revenue for the leisure and activity park operator, albeit it reported a loss of £13.4m
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NewsNTIA calls out ‘devastating’ rail strike impact
The government’s inability to resolve the crisis continues to paralyse the UK economy, the Night Time Industries Association has said as the RMT stages strikes this week
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NewsLuke Johnson: ‘This period is one of the toughest I can remember’
The Gail’s chairman and sector investor told The Telegraph that tax rises and wage pressures are a bigger concern than skyrocketing coffee costs
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NewsHeart with Smart looks to secure future
The Pizza Hut Restaurants operator is in advanced talks with potential buyers, with the aim of selecting a preferred bidder this month
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Analysis & InsightFestive season offers welcome boost for bars
Britain’s leading hospitality groups saw year-on-year sales growth of 2.7% in the week leading up to Christmas, with bars seeing an uplift of 20.5% following a year of decline
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NewsWasabi directors ‘excited by future growth potential’
The sushi and bento brand reported a turnaround year in 2023, with profit after tax of £7.4m, continued strong performance in 2024 and plans to explore franchising
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NewsBeds & Bars ‘well positioned’ to capitalise on opportunities
Turnover rost to £72.8m in FY24, with larger units in key locations such as London, Edinburgh, and European capitals continuing to perform well
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Afrikana, Berenjak, and more
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NewsJW Lees grows profits
The family pub company has recently acquired The Bellflower in Garstang from Marston’s and The Craigside in Llandudno from Whitbread
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News‘Halloween Budget a nightmare for family businesses’
William Lees-Jones of JW Lees has called on the Prime Minister to intervene on the proposed changes to Business Property Relief (BPR), which he says will make family businesses uncompetitive
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Analysis & InsightPeer pressure a barrier to low & no drinks
Most consumers say it is acceptable to have low & no alcohol drinks when they go out - but some opt for alcohol anyway because of social pressure
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NewsTasty agrees £2.5m insurance claim
The Wildwood operator said trading continues to be challenging, with the key December period said to be “disappointing”
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NewsBoxpark builds pipeline
Following a £12.5m cash injection from investor LDC, the operator is preparing to open Boxhall City in spring
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NewsRoadchef CEO steps down
Mark Fox is leaving after seven years, and will be replaced by Tim Gittins, previously of Moto