All MCA Insight articles in May 2024 – Page 9
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Analysis & Insight
Bank holiday fails to deliver much-needed boost for pubs
Pint sales over the weekend were -2.6% down on the previous year, hampered by a lack of sunshine and the cost of living
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News
James Watt resigns as BrewDog CEO
The high-profile and controversial leader has announced he will step into the new role of captain & co-founder at the craft beer business, while James Arrow will take the reins as CEO
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News
WatchHouse exceeds crowdfunding target by 723%
The specialty coffee concept has closed its crowdfunding round after raising £7.2m from 1,432 investors, exceeding its target of £1m
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News
Experiential offer drives robust growth for XP Factory
Like-for-like sales were more than 11% up for both the Escape Hunt and Boom Battle Bar brands, with the group reporting turnover of £57.8m
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News
Challenging trading conditions persist for Brighton Pier Group
The group’s full year update reports softened consumer demand - most notably in the Bars division - as well as poor weather and train strikes impacting footfall during key trading periods
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News
Wetherspoon: Profits expected towards top of market expectations
The pubco has reported a 5.2% uplift in like-for-like sales in the 13 weeks to 28 April 2024, with Guinness, wine, and coffee all performing strongly
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Interviews
Star Pubs & Bars: 'We want to attract 18-100 year olds'
The Heineken-owned operator is investing £39m in a quarter of its estate, which it will use to broaden its pubs’ appeal to a wider selection of customers and occasions, property director Chris Moore tells MCA
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Interviews
Wimpy: ‘We’re proud the brand is still here today’
As the fast food chain celebrates 70 years this month, it continues to target buoyant high street locations for expansion, general manager Chris Woolfenden tells MCA
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News
Atis lines up five openings
The salad concept will open a flagship store on Regent Street this June and plans to double its estate to 10 sites across London by year end
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Analysis & Insight
Hospitality closures slow in 2024
Site closures have slowed from eight sites a day in 2023 to four a day in the first quarter of 2024, according to the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners.
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Analysis & Insight
Costa Coffee embraces global cuisines for new summer menu
Fresh flatbreads draw inspiration from the rich flavours of Middle Eastern cuisine, while the coffeehouse chain introduces a number of plant-based options in collaboration with BOSH!
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News
Ministers urged to regulate independent takeaways
The British Retail Consortium argues local takeaways, which are not required to display calorie information, need to play their part in helping improve the nation’s health
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News
Joe & The Juice further strengthens leadership team
Robert Lynch joins as COO from Starbucks, while the Danish juice brand announces a reshuffle of its senior team
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Analysis & Insight
Restaurants drive menu price inflation
Lumina Intelligence’s Menu Tracker finds prices in QSR, pubs and bars and coffee shops are falling, but chain restaurants remain high due to high staffing and operating costs
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News
NWTC appoints new CFO
Glen Pearson joins from Urban Pubs & Bars, replacing Jim Pickworth, with the pair effectively swapping positions at their respective companies
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News
Revolution: 32 parties express interest in sales process
The group is exploring a formal sales process, with 32 out of 42 invited parties agreeing to participate and signing a non-disclosure agreement
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Analysis & Insight
Restaurant spending down 13% in April
Pubs and bars fared better thanks to the Easter holidays, with 3.9% spending growth, according to Barclay’s
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Weekend Press
Peruvian steak and Yorkshire pudding with mint? How the British Sunday roast went global
The traditional British weekend lunch is being revamped with more exotic ingredients by chefs with worldwide influences, The Observer reports
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Weekend Press
Asda’s owners piled on £1.5bn of liabilities to fund petrol station deal
Issa brothers and private equity firm TDR used property sale and leasebacks as well as borrowing against ground rents, the Financial Times reports
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Weekend Press
Gender-neutral lavatories banned in new-build restaurants and offices
The new legislation applies to commercial properties as well as those undergoing ‘major refurbishment’, The Times reports