All MCA Insight articles in October 2024 – Page 7
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NewsBoojum founder joins Imbiba
The specialist investor has appointed three new operating partners following the close of its second investment fund at the hard-cap target of £90m.
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NewsBella Italia returns to expansion trail
The Bristol location, its fourth in the city, is believed to be a former Frankie & Benny’s, part of a trial to test how well it performs at locations previously inhabited by its Italian-American stablemate
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NewsArrowsmiths comes to London
Mitchells & Butlers is bringing its interactive darts experience to The Hawkins Forge, its first in the capital
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Analysis & InsightDeliveroo: ‘The foundation is trust’
The delivery company shares new insights into how it is harnessing customer data as well as opportunities for restaurant partners to build loyalty on the platform
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NewsGavin George and Charlie McVeigh join Revolution operator
The Revel Collective (formerly Revolution Bars Group) has appointed the former Laine Pub Company CEO and former Draft House founder as non-executive directors.
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NewsMark Crowther to join Heron and Brearley Group as chairman
The Isle of Man pub and bar group said it had consolidated its board strategy with the appointment of Crowther, who replaces outgoing chairman Christopher Smith
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Analysis & InsightLocation vs Brand Delivery: Getting the balance right
Compromises can be necessary when fitting a brand into a given location, but operators should be wary of making trade-offs which impact the guest experience, team delivery and ultimately the return on investment of the site, Jay Heathcote writes
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NewsPapa Johns reports £18.5m loss for 2023
The UK and Ireland franchise pizza business, which closed 15 stores during the year to 31 December 2023, saw like-for-like sales decline by 5.7% over the same period
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Weekend PressUK inflation tipped to fall below 2% target
All eyes on Bank of England’s next interest rate decision, with annual inflation expected to have dropped to a new cyclical low in September, The Times reports
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Weekend PressStockpickers: Pub groups prosper despite multiple challenges
Publicans fear the impact of a proposed smoking ban in gardens, The FT reports
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Weekend PressPub landlords to be turned into ‘banter police’ under reforms to workers’ rights
Fears free speech could come under attack, not just in bars but also universities, as Government plans to extend employment laws, The Telegraph reports
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Weekend PressWelcome to the club: why are private members’ clubs booming?
Whether it’s an exclusive establishment with a years-long waiting list or a working men’s club at the heart of its community, there’s nothing like a sense of belonging, The Observer reports
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Weekend PressCalls for investigation of Uber Eats and Deliveroo after raid on caravan camp
Migrant workers accuse Home Office of targeting the victims of exploitation rather than companies profiting from them, The Observer reports
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Weekend PressBig-name chefs have had a terrible year - but Jason Atherton is fighting back
In a year when Marcus Wareing, Michel Roux Jr and Monica Galetti have closed restaurants amid a downturn for hospitality, Jason Atherton is opening five. So what’s his secret?
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NewsRevolution Bars Group changes name to The Revel Collective
After agreeing a restructuring plan, the new name signals a “fresh start” for the group, which operates Revolution Bars, Revolucion de Cuba and Peach Pubs
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NewsTGI Fridays administrators agree to pay staff wages
Some 1,000 staff who lost their jobs were initally told the business did “not have the funds available” to pay accrued holiday, final unpaid wages, tips or redundancy
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NewsOpenings of the week
MCA rounds up the biggest openings stories from the past week, featuring Loungers, Savage Eats by Revolution Bars Group, Bubbleology and more
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Analysis & Insight‘Still lots of whitespace for Loungers’
Despite continuing to expand at pace – with 17 new sites opened in the 24 weeks to 6 October – analyst Berenberg is confident it still has “significant amounts of white space in which to roll out sites”
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NewsLuke Johnson leads investment in The Light
Risk Capital Partners and Melcorpo have acquired the 13-strong independent cinema and experiential leisure operator, with a £15m plan to double it in size
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NewsSticks ‘n’ Sushi appoints new CFO
Former Azzurri Group finance director Kushal Banerjee joins the Denmark-based, Japanese-inspired restaurant group as it looks to expand