All MCA Insight articles in October 2024 – Page 9
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NewsAzumi continues to expand portfolio
The global restaurant group, which operates Roka and Zuma in London, has reported £205m in revenue for 2023, along with new additions to its overseas portfolio
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NewsUber Eats announces new sustainability initiatives
The investment aims to support Uber in meeting customer needs while making convenience and sustainability a core part of the user experience across the global platform
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NewsCUPP to launch hot food offering
The Taiwanese bubble tea brand will begin rolling out an Asian-inspired hot food menu across its estate later this month
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NewsCooks Coffee achieves 26% increase in group sales
The Esquires operator, which trades from 83 coffee shops in the UK and Ireland, further reported a 36% uplift in UK store sales to £11.4m in the 26 weeks to 29 September
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NewsKFC UK delivers 4% increase in turnover
Turnover rose to £294m in 2023 as the QSR giant pushes forward with expansion to reach the 1,500-site mark in the UK
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NewsLoungers continues to outperform market
The all-day café/bar/restaurant operator delivered like-for-like sales growth of 4.7% in the 24 weeks ended 6 October, along with £178.3m in revenue
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NewsPopeyes rollout uplifts revenue to £58m
The business increased its number of sites from 17 to 38 in 2023, and aims to reach the 70-site mark by the end of 2024, supported by investment from TDR Capital
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Analysis & InsightCost-conscious consumers continue to cut spend
Pubs, bars, and clubs saw limited year-on-year growth at 0.6% in September 2024, down from 3.2% in August, while restaurants fared better at 1.4%, according to Barclaycard
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Analysis & InsightFriends reunited at Amber Taverns
Bill Priestly, whose firm Epiris has acquired Amber Taverns, previously backed a management buyout of the James Baer-led community pub company in 2010 as part of LGV, when it had just 56 pubs
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Analysis & InsightDishoom’s new menu is a strong mass market offer
Fourteen years since it was founded, Dishoom has a well-earned position as a leader in Indian cuisine in the UK, introducing the British palate to flavours that go beyond the curryhouses of old. As it shifts its influence further to northern India, the offering shows a maturing group favouring comfort and broad appeal over risk-taking
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NewsBreal Capital and Calveton acquire TGI Fridays
The deal involves 51 restaurants and will secure the future of more than 2,000 jobs, and will see TGI Fridays continue to operate across the UK, with the group hopeful it may be able to secure further locations following discussions with the landlords
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NewsMark Loughborough leaves Young’s
The retail director, who has been with Young’s for 14 years, steps down following a review of the operational requirements of the business
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Analysis & InsightDrinks sales down in soggy end to September
Widespread wet weather pushed drinks sales into negative year-on-year performance last week, according to CGA by NIQ’s Daily Drinks Tracker
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NewsBreal Capital and Calveton close in on TGI Fridays deal
Sky News reports the deal, which could be completed today, is expected to include between 50 and 55 of the chain’s 87 sites and at least 2,000 of its more than 3,000-strong workforce
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InterviewsFat Hippo sees double-digit growth
The Newcastle-founded better burger brand is becoming more established in cities nationwide, with locations in Leeds, Manchester, and Bristol in the pipeline, director Nick Fountain tells MCA
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NewsWendy’s UK boosts turnover by 50%
The QSR brand made £31.9m in 2023, after doubling the size of its company-owned estate
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NewsAmber Taverns acquired by Epiris
CEO James Baer said the undisclosed investment would enable the community pub operator to enter its next growth phase and support its ambitious expansion plans
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Weekend PressWetherspoon’s boss calls academics’ smaller beer glass proposal ‘slightly daft’
Tim Martin criticises schooner suggestion and urges UK government not to restrict pub licensing hours
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Weekend PressWhy a simple meal out could soon become a luxury
Pressure from rising labour costs risks making affordable dining a thing of the past, The Telegraph reports
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Weekend PressHow Tony Hadley helped to save a 300-year-old pub
The former Spandau Ballet star promised to sing when his village in Buckinghamshire united to buy their 17th-century inn. Now to find a tenant, The Sunday Times reports