All MCA Insight articles in October 2024 – Page 6
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News‘Incredible disappointment’ over new rail strikes
London Underground train drivers are set to strike next month in a dispute over pay, while the RMT has also announced industrial action by its members next month
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NewsIn Pictures: Six by Nico Deansgate
Nico Simeone’s Six Company has opened a second location in Manchester, a 75-cover restaurant on John Dalton Street designed by Studio Two
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NewsHonest to launch Smashed concept at Liverpool Street Station
The premium burger group will relaunch its restaurant near London’s Liverpool Street Station later this year as the first site under its new QSR concept
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NewsPizzaExpress gears up to refinance bonds
The restaurant group is set to to appoint investment bank PJT Partners to refinance a £335m bond, Sky News reports
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NewsAlarming rate of pub turnover amid ‘crushing rate’ of tax and costs
CAMRA data shows that over 1,200 pubs will likely be shuttered this year, compared to around 1000 in 2023, and just over 800 in 2022
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NewsBrewDog founder laments ‘frustrating’ missed profit
The craft beer brewer and bar operator grew sales in 2023 to £281m, but pre-tax losses widened to £59m, due to “historic acquisitions and restructuring”
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NewsMarston’s to set out pure-play hospitality strategy
Chief executive Justin Platt said Marston’s was ”embarking on a new and exciting chapter” and would lay out its five pillar strategy at a Capital Markets Day later today.
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NewsChipotle UK records significant uplift in turnover
The fast-casual Mexican restaurant operator reported a 147% increase in revenue for the full year to 31 December 2023, from £17.9m to £26.3m.
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NewsBrewDog co-founder attacks government over planned tax rise
James Watt said hiking up capital gains tax would “destroy entrepreneurial spirit” and which would, in turn, severely damage the UK economy.
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NewsJust Eat reports positive momentum in UK delivery market
Orders at its UK and Ireland business decreased by 1%, from 60.8m in Q3 2023 to 60.1m in Q4 2024, but Gross Transaction Values were up 6%, to €1,764m, over the period.
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NewsWhitbread accepts offers on 51 F&B sites
The accepted offers amount to a total consideration of £56m, and form part of the Premier Inn operator’s plans to exit 126 restaurants and convert 112 others into hotel rooms as it rationalises its F&B estate
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NewsIncreasing National Insurance would risk hospitality jobs
Reports the government could increase employer’s National Insurance Contributions would be “a tax on jobs”, UKHospitality has warned.
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OpinionThe Sussex village that remains fiercely independent
Dominic Walsh takes a look at well-heeled Forest Row which has eschewed chains on its high street, as well the nearby vineyards which are in need of new capital to remain competitive with their neighbours in Champagne
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NewsAzzurri Group appoints new tech director
Jim Hingston has joined as its new digital and technology director, replacing Joel Robinson who will continue in his role as founder and CTO of the group’s data platform Openr.
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NewsCoco Di Mama launches retail range in Sainsbury’s
The Azzurri Group brand has begun a nationwide partnership with the retailer which will see six premium Italian-inspired baguettes listed in more than 650 Sainsbury’s stores
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NewsStarbucks acquires franchise group 23.5 Degrees
The undisclosed deal expands Starbucks’ portfolio of company-operated stores by 113, bringing its UK total to 500. In its 2023 accounts, the franchise business reported increased turnover of £83.5m
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InterviewsCUPP exploring universities as route to growth
The bubble tea brand, which is targeting 15 new locations in 2025, opened a site at Leicester De Montfort last month with discussions taking place with other universities, director Angharad Jackson tells MCA.
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NewsItsu launches sushi meal deal with Tesco
Developing the range has taken several years, with “so many challenges in terms of quality” to overcome, according to grocery MD Claudia Santagada
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OpinionInfected Punk IPA highlights ongoing issues at BrewDog
In another woe for Britain’s biggest craft brewer, BrewDog has been forced to throw away millions of pounds worth of Punk IPA impacted by hygiene issues
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NewsOne week until Hostech – book your tickets now
The conference, on Tuesday 22 October, will bring together leaders in the world of hospitality tech for a day of engaging and inspiring content.