All Prezzo articles – Page 4
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NewsCity Pub Group YTD sales up 35%
City Pub Group has issued a trading update ahead of its AGM today, in which it revealed that sales for the 19 weeks to 12 May were up 35% on the previous year.
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News
Former Tasty and Giggling Squid directors prep new venture
Former Tasty managing director Jo Morrison and Giggling Squid operations direction Peter Morrison are launching a new all-day dining restaurant concept in Hove.
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Analysis & InsightTime for a chain reaction?
CVAs offer a lifeline for struggling chains. But long-term, can the very notion of a ‘quality chain’ survive this current casual dining crisis? In his monthly column for MCA’s sister-title Restaurant, Tony Naylor shares his, perhaps controversial, views.
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NewsFast food brands top fastest growth index
The top three fastest growing brands in the UK eating out sector in 2018 were fast food brands, the latest MCA data shows.
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NewsCity Pub Group lfls up 1.6% in 2018
City Pub Group has reported like-for-like sales (lfls) up 1.6% in 2018, with revenue up 22% to £45.7m.
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NewsSplendid eyes mini rollout for Coluco
Splendid Restaurants operations director Paula Righton has told MCA she sees potential for a small-scale rollout of new café bar concept COLUCO.
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Analysis & InsightThai restaurant chains leading on rate of growth
The number of chain Thai restaurants have more than doubled over the past five years to December 2018 – up 123%, to 147 sites, with the Asian sector “ripe for further M&A activity”, according to CGA and AlixPartners’ latest Market Growth Monitor.
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Analysis & InsightBig no longer beautiful among casual restaurant brands?
Are the days of restaurant brands growing to 100+ sites really over? MCA’s market insight director, Steve Gotham, takes a look at what can be learnt from the chains that have already surpassed this milestone and who has the potential to be the next centurion of casual dining.
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Analysis & InsightWe want to be together
With the wider issues facing the market, many believe the UK’s eating and drinking-out sector is ripe for consolidation. However, does it work for everyone involved and, in current conditions, is it a case of looking outside the box for the best partner for your business, asks AlixPartners’ Graeme Smith
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Analysis & InsightThe future of click & collect
Delivery has been the platform arguably making bigger waves in the world of consumer convenience, but the opportunities around click and collect should not be ignored. Georgi Gyton looks at the prospects for growth, what trends are being seen by operators, and how the entry of Deliveroo to the arena might change the game. Featuring commentary from McDonald’s, Tortilla, K10, Chop’d and HOP Vietnamese.
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News
Firezza founder launches Estro Pizza
Firezza co-founder Ado Medjedovic has returned to the pizza restaurant industry with the launch of a new concept Estro in Tunbridge Wells, MCA has learnt.
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Opinion
Navigating the debt landscape
With the well-publicised issues facing the UK’s hospitality sector, many would believe that lenders are steering clear. However, despite clear caution, debt options remain available to the right businesses, write Jacco Brouwer and Thomas Paterson of AlixPartners
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Analysis & Insight
Going Global: Enter the dragon
In the latest in his series of Going Global columns for MCA, international franchising expert Jasper Reid looks at the prospects for eating-out brands targeting the Chinese market.
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Analysis & InsightHigh Noon on the High Street
Christie & Co’s Simon Chaplin looks back at how the UK high street has evolved since the launch of the first out of town shopping complex in the 70s and how operators are shaping a new direction for our town centres.
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NewsCity Pub Group FY lfls up 1.6%
City Pub Group grew like-for-like sales (lfls) 1.6% in the year to 30 December, with festive lfls up 7%.
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Analysis & InsightLevel of promotions up 4% YOY during run up to Christmas
The number of promotional offers run by the Top 25 Branded Restaurants increased by 4% December, compared with the previous year, according to analysis by MCA. But, while promotional offers on food increased, drink-based deals fell.
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NewsWilkinson joins Parkdean Resorts
Simon Wilkinson, the former chief executive of La Tasca, has joined Parkdean Resorts, overseeing the company’s retail operations.
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NewsTough times provide scope for excellence
Jon Midmer of global executive search firm JMA gives his view on the past year in recruitment and what to expect in 2019. He discusses the trend for hospitality executives heading to the leisure sector and the leadership qualities that are likely to come to the fore in 2019.
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Analysis & InsightNever want to get cosy
There is an addiction to providing genuine hospitality that runs right through the continuing success of café/bar concept Loungers, that makes sure it continues to generate standout year-on-year performance. A laser-like focus on providing value-for-money, authentic community engagement and a “home-from-home” proposition, have become key calling cards for the Nick Collins-led business, but with talk of a possible IPO resurfacing, what will the City make of this regional success story, asks Mark Wingett.
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NewsPrezzo reports loss of £65m after closures
Prezzo has reported an operating loss of £65m the year to 31 December 2017.