All Prezzo articles – Page 7
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NewsApril 2018
The April 2018 digital edition of the MCA journal is now available, including Prezzo’s life after the CVA, insights into the Italian casual dining sector and interviews with Clive Schlee of Pret, Joe Grossman of Patty & Bun, Brandon Stephens and Richard Morris of Tortilla, Charlie Young and Brett Woonton of Vinoteca, as well as Matt Grech-Smith and Jeremy Simmonds of Swingers.
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Analysis & InsightTalking Italian
Pizza and pasta offers have been vital to the expansion of the casual-dining scene over the past few years. As a result, this segment is hugely competitive and standing out has become increasingly important. MCA’s Steve Gotham looks at data from the Eating Out Panel to assess how key players are performing
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Analysis & InsightThe restaurant revolution continues in Soho
Parts of the eating out market may be struggling, but Soho remains a hotspot for innovation and a sought after location for restaurant sites, says Morris Greenberg, Group MD at leisure property consultant Cedar Dean
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Analysis & Insight
Gender pay gap reporting: A sector overview
Gender pay gap reporting has been dominating the headlines this week. With the deadline now passed, what were the numbers reported by some of the biggest players in the eating and drinking out market? MCA takes a look
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Analysis & Insight
Pubs and late-night venues see turnover boost in Q1 2018
The pub and late-night bar sector has seen substantial growth in turnover figures in the first quarter of 2018, according to the latest UK leisure sector update from Fleurets.
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Opinion
Perhaps they are on to something
Unsolicited bids for the Azzurri Group, a tenanted pub sector rife with M&A speculation and an acquisitive BrewDog, sector consolidation is back on the agenda, and not just for those looking to pick up the fallout from the current round of Company Voluntary Arrangements
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News
Analysts corner: A tale of two sectors
Peel Hunt analysts, Douglas Jack and Ivor Jones, have given their view on the contrasting like-for-like performances at the start of the year across pub and restaurant groups.
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NewsPrezzo: Life after the CVA
Prezzo chief executive Jon Hendry Pick-up speaks exclusively to MCA on the back of last week’s approval of the group’s Company Voluntary Arrangement. He talks about the further rollout of the group’s new restaurant design, with another 18 sites expected to be upgraded by the summer and discusses the focus on capturing customers in the right “moments and occasions”. He also addresses the issue of promotions, stressing that Prezzo needs to “earn the right to step away” from the discounting scrum.
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Analysis & InsightBrand building in adversity
A number of high-profile restaurant brands are currently in the limelight for their economic woes. But how much of their difficulties can be traced back to the strength or otherwise of the brand, and what can be done to rescue it once it has been damaged? Ian Dunstall shares his thoughts
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NewsPrezzo receives CVA approval
Prezzo has announced it has received the approval of the majority of its creditors for its Company Voluntary Arrangement (CVA).
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News
Prezzo creditors to vote on CVA plans
Creditors of the restaurant group Prezzo will today vote on the company’s Company Voluntary Arrangement plans.
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Analysis & Insight
Managing the casual dining message
There have been no shortage of newspaper headlines about the eating-out sector in recent weeks but are they telling the whole story? Dominic Walsh discusses the situation at Gordon Ramsay Group, Jamie’s Italian, Prezzo and TRG and gives his view on how successfully each has managed the message.
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News
Failing fast is key to success
Innovation is essential if brands are to remain relevant but, when it comes to technology, companies often struggle to keep up with the rapid pace of change. Flypay’s Tom Weaver examines the problem
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NewsPrezzo appoints chief commercial officer
Prezzo has appointed Darrell Wade, formerly of TGI Fridays UK, as its new chief commercial officer.
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Analysis & Insight
Looking back to the future
How will the food and beverage sector change over five years’ time? It’s a question MCA’s Top of Mind survey has been putting to sector leaders for the past nine years. MCA’s Yemeng Hu looks at what the answers can tell us about the past, present and future.
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OpinionHold your Italian stallions
This weekend Carluccio’s became the latest business to come under the spotlight. The wider press is smelling more CVA blood and before we talk another sector business down that route, Mark Wingett asks whether we should hold our horses a minute on this one?
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NewsPrezzo FY lfls fell 8%
The Company Voluntary Proposal proposal document put forward by Prezzo has laid bare the decline in trading the company experienced during 2017
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Analysis & InsightRebalancing the landlord/tenant relationship
As pressures mount on operators, their relationships with landlords are becoming increasingly important. But, are both sides speaking the same language? David Abramson, chief executive of leisure property consultant Cedar Dean, discusses.
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NewsPrezzo needed a pick up earlier
In what could be the biggest Company Voluntary Arrangement (CVA) the UK’s restaurant sector has experienced, Prezzo is set to shed nearly a third of its estate, including its Chimichanga brand, in a further high profile example of the issues currently impacting the industry. So how did it come to this for a business that sparked a bidding battle and sold for a price that analysts at the time said undervalued it, asks Mark Wingett
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NewsPrezzo “has bright future” beyond CVA
Prezzo chief executive Jon Hendry-Pickup has spoken exclusively to MCA about the launch of a Company Voluntary Arrangement (CVA) this morning.