All MCA Insight articles in July 2024 – Page 3
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News
Cineworld set to unveil restructuring plan
Around half a dozen Cineworld cinemas could begin a closure process immediately, Sky News reports
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News
Pasta Evangelists begins franchise rollout
The brand is opening two Pasta Emporiums under franchise in London as part of plans roll out a 20 sites over the next five years
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News
Brighton Pier Group sales affected by poor weather
In a trading update, the business said the state of the late-night sector continues to present trading challenges in the group’s bars division
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News
Craft Union shakes up operator-managed model
The Stonegate-owned community pub company has introduced extra incentives, additional profit share and uncapped earning potential for its managed operators as it opens its 600th site, CEO Frazer Grimbleby tells MCA
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News
Dishoom to make US debut with New York café collaboration
The Indian restaurant group will cross the pond for a partnership with French brasserie Pastis, focused on breakfast dishes
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News
Chaiiwala adds three drive-thrus to pipeline
The Indian street food café has opened its largest UK store, and second drive-thru outside Blackburn in Mellorbrook, with plans to roll-out the format
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News
Christmas 2024 bookings up by 54%
The festive season is already looking positive for hospitality – with group reservations looking to be particularly popular, according to Zonal
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News
Roasting Plant Coffee raises $10m to accelerate outlet growth
The specialty coffee roaster and café chain plans to open new sites in strategic locations, including London, Washington DC, New York, and Chicago
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Interviews
Sandwich Sandwich: ‘We want to make lunchtime exciting again’
Co-owner Joshua Kleiner shares his plans to shake up London’s lunch scene, as the Bristol-based business lands in the capital to showcase its deep-filled, stacked sandwiches
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News
NTIA demands action to save Boxpark Shoreditch
The advocacy group said Hackney Council’s failure to protect the food and entertainment space from closure would be a ”glaring oversight”
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News
Openings of the week
MCA rounds up this week’s biggest opening stories, including Farmer J, Kanada-Ya, Popeyes and more
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Analysis & Insight
Exploring the dawn of ‘hybrid hospitality’
What do neighbourhood clubhouse brand Bubba Oasis, co-working space and hostel concept Selina, and Manchester creative multi-concept Diecast have in common? They are driven by evolving consumer behaviours and an emerging trend for lifestyle hospitality, writes Egg Soldiers’ Tom Gatehouse
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News
M&B sees inflation continuing to ease
The managed pub and bar company has reported trading ahead of the market, with total sales in the year to date up 7.3%
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News
Greene King targets ten Nest Pubs this year
Greene King Pub Partners has opened its sixth Nest Pub – The Marquis of Lorne in Stevenage, following a £260,000 investment
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News
Trust Inns posts ‘satisfactory’ performance in challenging market
The 340-strong tenanted pub company, controlled by the family trust of late billionaire Trevor Hemmings, has grown sales in 2024 but saw a squeeze on profits
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News
McDonald’s promotes Daniel Smith to VP Operations
Smith has spent nearly 14 years at the fast food business, most recently as delivery director for McDonald’s UK & Ireland
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News
Proper Slice BYGB lands in London
As another New York-style pizza concept tries its hand in the capital, MCA looks at Gibran Baydoun’s latest venture, which brings its cult-like status from Brooklyn via Singapore
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News
Stonegate nears debt refinancing with new funds from PE backer
TDR Capital is set to inject around £200m into the pub and bar group, while £2.2bn of bonds are set to be refinanced with a longer maturity and a higher coupon, Bloomberg reports
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News
Young’s sales up 26%
Outgoing chairman Stephen Goodyear, who addresses Youngs’ AGM for for the final time today, says the premium pub company’s strategy is delivering “industry leading results”
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Opinion
People are the new business currency
Keeping teams engaged, happy to work and wanting to stay are the foundations for delivering great customer experiences and strong financial performance, writes Peter Martin