All MCA Insight articles in May 2024 – Page 3
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Events
Greene King’s Nick Mackenzie joins Pub Conference line-up
In a keynote fireside chat, Mackenzie will discuss why the pub company’s cultural transformation matters to teams and customers, and its plans for long-term sustainable growth.
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News
Tory and Labour make pitches to hospitality sector
Hospitality minister Kevin Hollinrake MP and shadow minister for science Chi Onwurah MP seperately addressed business leaders about how they would support the sector in government
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News
Island Poké set to file for CVA
The food to go chain has called on insolvency and recovery firm Begbies Traynor to to submit a CVA applicaiton to the High Court, City AM reports
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, including a new concept from EL&N, Alex Xu’s Kung Fu Burger, Zambrero and more
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Interviews
Joe & the Juice: ‘We’re far from saturation point in the UK’
The juice and food to go specialist is working towards a goal of growing its global estate to 1,000 stores in the next five years, and sees potential for 300-500 in the UK alone, CEO Thomas Nørøxe tells MCA.
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News
Slug & Lettuce new summer menu drives value image
The cocktail bar chain is looking to broaden its appeal with a range of dining options, including a dinner date offer for £23pp and a Bottomless Brunch menu available into the evening
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Events
David McDowall on Stonegate’s strategic vision at the Pub Conference
In a keynote session, the CEO will share his progress so far at Britain’s largest pub group; how he is the embodiment of its bar-to-boardroom culture, and how the group is utilising data insights to optimise its diverse portfolio
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Interviews
Creams leverages innovation to meet market challenges
CEO Everett Fieldgate tells MCA how consumer-led innovation that leans into portability and social media trends is key to the dessert café brand’s approach to new product development
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News
Megan’s revenues reach £29.9m
The all-day restaurant group’s 20th site in Twickenham is exceeding expectations, with upcoming openings to include Farnham, Crouch End, and Henley
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News
Moto owners prepare to put company up for sale
Joint owners CVC Capital Partners and the Universities Superannuation Scheme have hired Rothschild to oversee an auction of the motorway services business which could value it by as much as £3bn, Sky News reports
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Opinion
The Transatlantic Transfer
Richard Samarasinghe, head of strategy at Harrison, discusses the key considerations and pitfalls when bringing a brand from the US to the UK (and vice versa)
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News
Shaftesbury Capital reports high footfall across West End
The landlord further reported strong retail and hospitality leasing demand across its portfolio, with 23 new brands introduced
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News
Riders and shareholders to challenge Deliveroo over pay dispute
The Deliveroo board will face questions over low pay, poor working conditions, and job security during its AGM in London today
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News
Hospitality calls on government to unlock sector potential
Trade bodies have called on all parties to uphold political stability and acknowledge the strategic importance of the sector, ahead of the general election in July
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Interviews
Mitchells & Butlers could grow ‘sizeable’ Mediterranean estate
CEO Phil Urban tells MCA the business sees potential to grow recently acquired Ego and Pesto restaurant chains to 80+ sites, both of which he feels will cater to a premium-focused and health-conscious consumer
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News
Hospitality welcomes inflation falling to 2.3%
The level is now closer to the Bank of England’s 2% target, which shows it is time for interest rates to be cut, according to trade bodies
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News
Boparan to develop Carl’s Jr in UK&I
CKE Restaurants Holdings has reached an agreement with Boparan Restaurant Group to exclusively develop the QSR burger brand
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News
Nory raises $16M to spearhead AI across the hospitality industry
The investment will be used to accelerate product development and international expansion for the business, which has created a proprietary AI-powered platform for hospitality businesses to manage and scale operations
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Opinion
For the love of loyalty
Tom Gatehouse of Egg Soliders examines the contrasting approaches to loyalty at Greggs and Pret - and asks whether the fast-moving world of web3, decentralization and virtual reality could inform the next generation of consumer apps
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Analysis & Insight
Wet weather causes drop in sales
Managed hospitality groups saw sales fall by 1.7% in April 2024, with bars worst hit and down 15%, according to the latest CGA RSM Hospitality Business Tracker