All MCA Insight articles in November 2024 – Page 3
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InterviewsYoung’s: ‘We want to get the City Pub estate rocking and rolling’
Chief executive Simon Dodd talks to MCA about the positive momentum in the business, the “outstanding” returns it is seeing from some of its investments and opportunities to develop the City Pub estate
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NewsGovernment drafts legislation to cut business rates
The government says this is the beginning of its promise to reform business rates and boost the high street, but operators argue more clarity is needed on what the reform will look like
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NewsBootlegger Bars secures £2m investment
The funding round was led by Dubai-based SVN Capital, with former Greene King MD Karen Bosher announced as CEO of the cocktail and live music concept
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NewsBlacklock sells stake to BGF
The chop house restaurant, led by Gordon Ker, is understood to have sold a minority stake to the British Growth Fund, following reports it had been exploring options for the business
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NewsWells & Co postpones takeover due to Budget hit
Pub operators plan to close sites, cancel expansion or divest their spending internationally, with brewer and pub operator Wells & Co putting a planned takeover deal on hold following the Budget
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NewsJDW switches from Spanish to Italian beer
The pub business has said it will no longer serve San Miguel, once current stocks sell out, and will be replacing it with draught Italian beer Angelo Poretti, later this month.
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NewsMarcel Khan: Franco Manca is moving forwards by looking backwards
The Fulham Shore CEO believes the brand can achieve even greater success by zeroing in on the human connection and personality it had in its heyday, he tells MCA’s Restaurant Conference
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NewsYoung’s achieves 22.9% increase in adjusted EBITDA
The pub operator achieved adjusted EBIDTA of £59m for the 26 weeks to 30 September 2024, with profit before tax up 3.3% to £25.3m as it benefited from a strong performance during the Euro ’24 football tournament and the integration of the City Pubs estate.
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InterviewsFuller’s: Budget will have ‘enormous impact’
The Chancellor’s eocnomic plans will not impact Fuller’s financial performance this year, but CEO Simon Emeny is convinced of the impact the “regressive” tax burden will have on the sector
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NewsNominations open for the MCA Hospitality Awards 2025
Your opinion really counts, so please nominate your favourite concepts, companies and leaders in the sector
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Analysis & InsightPrivate equity activity quieter on deal front
While private equity groups have been cautious to invest in restaurants, the last 12 months have seen more deals involving private investors, AlixPartners’ Graeme Smith tells MCA’s Restaurant Conference
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NewsGreene King appoints new group marketing director
Kevin Hydes joins the pub operator and brewer after stepping down as chief commercial officer at Tim Hortons in August
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Analysis & InsightQuality overtakes value as top consumer demand
The quality of ingredients used in dishes is one of the leading consumer demands indicating a shift in priorities, according to the latest insight from Lumina Intelligence.
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NewsVagabond appoints MD
Christobell Giles, who has been acting general manager since the summer, has previously held roles at Wagamama, Hilton Hotels and Megan’s Restaurants
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NewsIberica would ‘greatly benefit’ from trade acquisition
The five-strong Spanish restaurant group has been unable to implement a necessary restructuring following a succession of cost challenges post-pandemic
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NewsStonegate segments estate into new pub formats
Rural food-led family-friendly Heritage Pubs and urban wet-led Pubsmiths give the company more flexibility to tailor the offer to the community they serve
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NewsFestive innovation from Leon and Taco Bell
Leon is introducing a new Christmas Cracker wrap and Praline Dream drinks range, while Taco Bell is taking on the festive sandwich market with a twist on a classic burrito
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NewsSubway rolls out new design
Fresh Forward 2.0 includes self-serve kiosks, vibrant decor, more lighting and warmer tones, with the UK one of several markets to trial the new look
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NewsJust Eat Takeaway.com sells GrubHub for $650m
Just Eat paid $7.3bn for the US delivery platform in 2021 during the height of the pandemic delivery boom
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NewsCurzon acquired by Fortress
The 16-strong arthouse cinema chain has been acquired by the US private equity backer of Punch Pubs in an undisclosed deal