All MCA Insight articles in June 2014 – Page 23
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News
Fourth urges licensees to be aware of pension commitments
Payroll software provider Fourth is raising awareness of licensees’ pension responsibilities to their employees following results of a survey by M&C’s sister publication The Publican’s Morning Advertiser that showed less than half of licensees surveyed have a pension plan in place
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News
Workers are happier but more likely to change jobs, says survey
Happiness is up by 7% in 2013 among UK workers as confidence returns to job security, according to Talent Toolbox Review 2013 survey of employees that also found an increase in people considering changing jobs
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News
Novus re-opens Shadow Lounge
Novus Leisure’s Soho venue the Shadow Lounge has re-opened following extensive make over as a high-end exclusive members club to appeal to celebrity guests
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NewsChop’d to secure new funding
Chop’d is in advanced talks to secure £2m of new funding from private equity group Calculus Capital, which could help the group triple its estate over the next five years
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NewsTragus to undergo restructuring
Tragus is to undergo a financial restructuring, which will include the launch of company voluntary arrangements (CVAs) for Café Rouge and Bella Italia, and the sale of Strada, to ensure a long-term sustainable future for the business
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NewsCollyer: Gov't intervention 'good news' for pubcos
Leading analyst Geof Collyer says the Government’s plans to intervene in the tenanted pub sector will be “good news in the long term” for Enterprise Inns, Marston’s and Greene King
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News
Hawthorn Leisure buys 88 R&L pubs
Hawthorn Leisure, the pub group set up with the acquisition of 275 pubs from Greene King, has announced the acquisition of 88 tenanted and leased public houses from R&L, the pub portfolio former operated by property tycoon Robert Tchenguiz
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NewsIndustry responds to statutory code proposal
British Beer & Pub Association chief executive Brigid Simmonds says it’s a “huge relief” that the Government has chosen not to introduce mandatory free-of-tie or guest-beer options into the pubco/tenant relationships, although she criticised the “disproportionate” cost of an adjudicator
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News
Gov't action 'will transfer up to £140m to pub tenants'
Government plans to intervene in the tenanted pub sector will lead to the transfer of up to £140m from pub companies to tenants and will “indirectly” cause 52 pubs to close, according to estimates from the Department for Business, Innovation & Skills
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NewsGovernment confirms statutory pubco code
The Government has confirmed that it will introduce a statutory code to govern the pubco/tenant relationship but has stopped short of having a mandatory free-of-tie or market-rent only option, and will also not scrap the beer tie
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OpinionCable: Why we are acting on pubcos
Vince Cable, the Secretary of State for Business, Innovation and Skills, talks about the reasoning behind the Government’s intervention in the pub sector, the consultation process, new policy and its proposed benefits
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NewsPho secures St Paul’s site
Pho, the fast-casual concept led by Stephen and Juliette Wall, has secured its twelfth site after acquiring a unit in London’s St Paul’s
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News
Café de Paris secures Cassis Bistro
Chez Boubier Café De Paris, the Geneva-based steak concept, has acquired the lease of the former Cassis Bistro restaurant unit in London’s Kensington
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News
Big Fernand to make UK debut
Big Fernand, the award winning French gourmet burger brand, has secured its first restaurant in the UK, near Tottenham Court Road
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NewsFive Guys plans expansion into Continental Europe
Five Guys JV Ltd is to begin its expansion into Continental Europe with a planned launch in France next year
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News
Glendola gives Silk & Grain details
Glendola Leisure, the London-based bar and restaurant operator, has given more details of its latest ‘cocktails and steaks’ opening in the City, Silk & Grain on Cornhill
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NewsSpirit plans Orchid leases deal
Spirit Pub Company is planning to acquire around a dozen leases currently operated by Orchid Pub Company on which it is guarantor before they are placed into administration
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News
Hotcha eyes corporate and franchise growth
Hotcha, the south west-based Chinese takeaway operator, plans to have new store openings split roughly evenly between franchises and company-run sites as it targets 100 openings over the next five years, founder James Liang has told M&C Report
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NewsIntu names Lakeside foodcourt line up
Intu has confirmed the majority of the line-up for its new £9m foodcourt development at Lakeside, with Tortilla, Five Guys and Patisserie Valerie all asset for new openings at the scheme
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Analysis & InsightPeople turn to Twitter for food info
Half of users (52%) turn to Twitter for information and inspiration about food and restaurants, according to new research for #RestaurantWeek