All MCA Insight articles in May 2024 – Page 10
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News
Heineken UK investing £39m in pub estate
The investment will go towards reopening 62 closed pubs, and improving around a quarter of Star’s 2,400 estate, worth on average £200k per pub
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News
Rekom UK taken over by lender ACG
The late night and bar group will be renamed NEOS Hospitality and led by Russell Quelch, as it separates from its former owner, the Danish Rekom Group
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Wagamama, Ecti Mehmet, Greene King’s 50th Hive pub, and more
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News
Samyukta Nair to launch new Thai concept
The celebrated London restaurateur behind Bombay Bustle, Jamavar, Socca, KOYN and MiMi Mei Fair is collaborating with Bangkok-born Rose Chalalai Singh
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News
Hostmore hails transitional year and turnaround of business
The TGI Fridays operator made cost savings and narrowed its losses in 2023, though like-for-like sales were down 7% in Q1 2024
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Analysis & Insight
Wagamama goes back to its roots for new summer menu
The new menu leans heavily into lesser known Japanese-inspired dishes, as well as featuring on-trend ingredients like yuzu throughout while playing with textures
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News
Wingstop UK leads the way across globe
The UK business is achieving average unit value (AUV) north of $2.5m (£2m), compared to a system-wide wide figure of $1.9m (£1.5m), allowing it to accelerate growth
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News
Wendy’s aims for 400 UK restaurants
The fast food chain expects to have up to 50 sites by the end of the year, with the UK serving as a ‘key strategic market’, according to CEO Kirk Tanner
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News
Nightcap: Revolution Bars brands could be ‘excellent addition’ to portfolio
The group is assessing options, including the acquisition of sites, subsidiaries, assets and brands of Revolution Bars, as well as a possible offer for its entire share capital
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Analysis & Insight
Stonegate’s looming debt issue
The UK’s biggest pub and bar company has debts totalling £2.2bn, a situation exacerbated by high interest rates, the overall cost of debt for its complex tiered debt structure, and different parties not being able to agree a way forward in refinancing, analysts tell MCA
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News
Starbucks sees sales dip
The coffee giant, which revealed plans earlier this year to open a further 100 stores in the UK, has reported a 4% decline in global comparable sales in Q2
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News
City Pub Group sees 20% uplift in like-for-likes
The group, which was acquired by Young’s in a deal completed earlier this year, reported total group revenue of £74.5m in 2023 and a ’fantastic’ sales performance over the festive period
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News
Revolution confirms ‘exploratory’ meeting with Nightcap
Revolution confirmed the group has explored a range of possible transactions, following a Sky News report that claimed both Rekom and Nightcap have expressed interest
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News
Sunday mobile payment app levies ‘checkout fee’
The payment app from the founders of Big Mamma Group is facing complaints from customers after introducing an additional charge on bills paid via mobile
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Interviews
BabaBoom: ‘It’s a good time to take the brand to the market’
MD Graham Ford speaks to MCA about the sales process and the scalability of the QSR format, as the Eve Bugler-founded kebab concept looks for a buyer
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News
Yum! Brands trialling more than 40 AI initiatives
The group has reported a 1% decline in KFC UK sales but continues to see opportunity for more than 50,000 restaurants globally, as it looks to become the ’leading digital restaurant company’
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News
The Coffee House secures £4m investment
The Northwest-based coffee shop operator, which plans to scale to over 30 sites within the next 12 months, has secured an investment from AJ Bell founder Andy Bell
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News
Mowgli reports 15% growth in sales
The Nisha Katona-led Indian restaurant group grew sales to £30.9m, as it looks to continue expanding in the UK and go international further down the line
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News
Hostmore temporarily suspends listing
The TGI Fridays operator has requested its ordinary shares to be suspended from the London Stock Exchange, pending publication of its annual report
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News
RBI: Popeyes ‘still early’ in its journey
Restaurant Brands International also revealed its ‘Reclaim the Flame’ plan has driven strong results for Burger King