All MCA Insight articles in July 2024 – Page 9
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News
Loungers achieves record year of sales, profits and openings
The Lounge, Cosy Club, and Brightside operator reported industry-leading like-for-like sales growth of 7.5%, with revenue growing 24.7% year-on-year to £353.5m - demonstrating its target of 665 sites remains a ‘conservative’ one
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News
Silverstone looks to high street F&B for inspiration
Freemans Events Partners, which served half a million guests at the British Grand Prix over the weekend, is looking to build a ’powerful’ line-up of high profile F&B operators for the Formula One event
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Events
The future of talent leadership in pubs
The sector is at a critical juncture in its quest to attract the diversity of talent necessary to thrive, concluded leaders from ETM, BrewDog, Fuller’s and Wells & Co, at MCA’s Pub Conference
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Analysis & Insight
Summer of sport bolsters pubs
Pubs, bars, and clubs saw modest year-on-year growth despite bad weather in June, while restaurants recorded an 11.5% decline
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Interviews
Ole & Steen: There’s more potential to grow in London
The Danish bakery brand will reconsider new openings at the end of the year, after pausing expansion to focus on streamlining operations, CEO Joachim Knudsen tells MCA
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News
Mission Mars continues to outperform sector
Group revenue for FY23 totalled £71.1m, with CEO Roy Ellis confident the Albert’s Schloss and Rudy’s brands will trade successfully in all parts of the UK
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News
Capdesia successfully exits Marugame Udon Europe
Parent company Toridoll Holdings will take full ownership of the udon concept, with CEO Keith Bird handing over to FD Sam McIntyre
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News
Wingers plans further openings
The chicken wing brand aims to open 50 stores within the next four years, and is seeking franchisees in cities including Manchester, Leeds, Sheffield, Edinburgh, and Glasgow
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News
SSP opens new Starbucks format at Heathrow
The coffee shop, located at Terminal 5, features a new store design which aims to create an ”innovative dining experience”
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News
UKHospitality calls on Labour to action manifesto commitments
The trade body has welcomed the new government and urged it to take action on the business rates system and apprenticeship levy within 100 days
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News
Zia Lucia sees potential for 100 sites in five years
The London-based independent pizzeria has teamed up with GNF Worldwide to roll out a new franchise model, and will open its eleventh site in Chelsea this month
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News
Hydes reports record turnover growth
The Salford-based brewer and pub operator reported record turnover of £39.3m for 2024, up £5m on the previous year
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News
Britvic agrees £3.3bn takeover
The deal for the soft drinks group gives it an enterprise value of £4.1bn, with Carlsberg to create a single integrated beverage group in the UK called Carlsberg Britvic
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News
Marston’s to sell stake in Carlsberg JV
The deal will see the pub group sell its 40% in Carlsberg Marston’s Brewing Company for £206m in cash to become a pure play hospitality business, while accelerating its debt reduction plans
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News
Richard Caring to open The Ivy in US as £1bn sale looms
The so-called King of Mayfair is selling the chain but plans to export the brand across the Atlantic, The Telegraph reports
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News
Pubs and restaurants hope for ‘halo’ effect of Labour win and weekend of sport
Consumer spending was expected to rise during England’s Euro 2024 match, The Guardian reports
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News
Champagne all round: the French invasion of English vineyards
Continental wine houses plough millions into UK land amid British viticulture boom, The Telegraph reports
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News
Racing simulator venues show power of the Formula One brand
The name above the doors is helping to accelerate F1 Arcade’s expansion, the Financial Times reports
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News
Labour’s plans for workers, from pay rises to zero-hour contracts
Businesses, from small pubs to retail giants, fear that if the new government honours its manifesto pledges, their payroll costs will soar, The Times reports
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Boojum, Roxy Leisure, Red Engine and more