All MCA Insight articles in October 2024 – Page 4
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NewsStonegate invests £1m into launching new beer hall concept
Rita’s Beerhall and Ballroom will open in Leeds city centre before Christmas, offering live music, entertainment, and all-day dancing seven days a week
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NewsKnoops designed to ‘scale in parallel’ across markets
CEO William Gordon-Harris reflected on Knoops’ fundraise on CrowdCube, which closed 480% above its £1m target and will support the chocolate specialist in establishing an international presence
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Analysis & InsightOptimising owned-channel delivery
Integrating on-demand delivery into operators’ channel strategies can drive awareness, conversion, and retention, Uber Eats told MCA’s Hostech conference
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Analysis & InsightJD Wetherspoon - Rent asunder - or on a roll?
Geoffrey Collyer of Lavender Bank Partners unpicks how Wetherspoons’ mammoth property restructuring, which has seen it buy up the freeholds of pubs it previously leased, has generated about two-thirds of net EBITDA growth in the last three years, alongside a reverse cannibalisation ’proximity thinning’ disposal process
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NewsDishoom’s Brian Trollip promoted to CEO
Having joined the group in 2010 and serving as MD since 2020, Trollip will now overlook all aspects of the business, with co-founders Shamil and Kavi Thakrar continuing in their roles
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Analysis & InsightLoyalty: ‘People expect an immediate reward’
The introduction of Tesco’s Clubcard membership pricing brought a ‘different level of thinking to the mass market’ and is likely to be something consumers come to expect outside retail, Hostech heard
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Analysis & InsightLumina Intelligence: Christmas bells and whistles
Operators should be thinking about enticing cash-hit consumers with special deals, festive treats and loyalty rewards in the lead-up to Christmas, Megan Thresher of Lumina Intelligence suggests
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OpinionWhy men need to lean in
While progress on has been made on the percentage of women on boards at FTSE 350 companies, if you look a little deeper the picture is far hazier, Peter Martin writes
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InterviewsSimmons: ‘The market is challenging but we are trading well’
The London-based bar group is to open its debut regional location in Manchester this week, and is capitalising on consumer demand for affordable nights out, CEO Nick Campbell tells MCA
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Analysis & InsightSeptember sales in line with inflation
The CGA RSM Tracker shows the managed hospitality sector’s ongoing difficulties in reaching real-terms growth amid poor September weather
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NewsStarbucks global sales down 7%
The coffee chain has suspended its financial guidance for 2025, with new CEO Brian Niccol saying it’s “clear we need to fundamentally change our recent strategy”
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News‘Hospitality has lost a legend’: tributes paid to Marc McGuigan
The former Liberation Group and Greene King director was praised for his love of pubs, beer, sport and family, for his great set of personal values, and for being an amazing mentor, advisor and friend to colleagues
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Analysis & InsightKFC: AI will have a big role to play in future of restaurants
With 70% of all orders now digital, the QSR chain has been testing AI chatbots for ordering and has found rising ticket values, UK&I CTO Jatin Chandwani told MCA’s Hostech conference
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Analysis & InsightTikTok: ‘When brands show up, it’s not advertising’
Brands should create content that entertains and adds value rather than disrupts the social media user experience, Rameez Al Aghbar, QSR lead at TikTok, told MCA’s Hostech
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NewsTGI Fridays Inc seeking new financing
The American business is preparing to file for bankruptcy protection in the coming weeks, according to Bloomberg
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NewsNew head of acquisitions at Bill’s
Raj Manek, who has worked in property roles at Cornish Bakery, Various Eateries, and Loungers, joins Bill’s as the group returns to the expansion trail
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NewsThe Revel Collective looks ahead to improved trading
The Revolution and Peach Pubs operator reported sales of £149.5m in FY24, with an improved performance since year end due to the return of students and early bookings for the festive period
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NewsBig Mamma achieves £40m turnover
The French-founded Italian restaurant group said its five London locations all exceeded expectations, with plans for another three UK sites in the pipeline
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NewsImbiba to open new Canary Wharf venue
The 65,000 sq ft hotel, restaurant, and music venue at 12 Bank Street, opening next year, will house some of the brands from the specialist investor’s portfolio
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Analysis & InsightSpend growth on eating out ‘well ahead of inflation’
Lumina’s latest Eating and Drinking Out Panel snapshot reflects a stronger market performance as well as shifts to higher spend channels and day parts