All MCA Insight articles in September 2024 – Page 9
-
Weekend PressDeliveroo accused of paying drivers below agreed minimum of £12 an hour
One driver says rates do not account for waiting times, traffic, and customers taking time to answer the door, The Guardian reports
-
Weekend PressCineworld’s former boss plots return to UK with new screen chain
Mooky Greidinger theatens to gatecrash restructuring plan as he holds talks with landlords to take over sites, The Sunday Times reports
-
NewsRichard Caring edges towards £1bn Ivy deal
The billionaire restaurant investor, who began exploring an auction late last year, is on the brink of signing a deal with London firm Si Advisers, according to Sky News
-
NewsBritish Land acquired £240m of retail parks
The six-strong portfolio includes Orchard Centre in Didcot and Cyfarthfa Shopping Park in Merthyr Tydfil, where the likes of Loungers, McDonald’s, KFC, Nando’s, Greggs, Pizza Hut, Costa, Subway and Starbucks are tenants
-
NewsAPPG for Hospitality & Tourism elects new chair
Chris Webb, Labour MP for Blackpool South, said he would champion causes critical to hospitality and tourism as chair of the All-Party Parliamentary Group
-
NewsRedemption Roasters seeks new home after prison contract terminated
The social enterprise, which helps rehabilitate prisoners and prison leavers with barista and roasting skills, is leaving HMP The Mount after its fees were quadrupled
-
NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Big Mamma Group, BAO, Inception Group, and more
-
NewsHall & Woodhouse returns to pre-pandemic profits
The Dorset family brewer and pub company increased uderlying profit before tax by 52% to £6.45m in 2024
-
NewsBoxpark CEO to step down
Simon Champion has been at the business for nearly seven years, serving as MD, CFO and more recently CEO following the departure of founder Roger Wade
-
NewsThe Restaurant Group delivers double-digit growth across divisions
CEO Any Hornby hailed a “genuinely transformational year for TRG” where Wagamama saw 11% lfl growth, and Brunning & Price pubs and Concessions saw a 10% and 29% uplift respectively in 2023
-
NewsTrade bodies call for tax cuts ahead of October Budget
The BBPA has called for a cut to beer duty, while a BII survey found 62% of pub owners said an outdoor smoking ban would significantly impact trade
-
NewsCornish Bakery adds four to pipeline
The new openings will take the group’s estate to 65, following record-breaking summer sales exceeding £1m per week and like-for-like growth of 6.5%
-
NewsMarket Place announces plans to double estate
The London food hall concept has lined up three new sites for 2025, with regional and international expansion to follow
-
InterviewsXP Factory sees potential for at least 150 sites
CEO Richard Harpham said the experiential operator is focused on UK expansion in the near term and envisions at least 100 sites for Boom Battle Bar, in addition to 50+ sites for Escape Hunt
-
NewsGuy Meakin to leave Pret for Krispy Kreme
Krispy Kreme has appointed Pret’s UK shops and franchise director Guy Meakin as its new president for Krispy Kreme UK & Ireland.
-
NewsNEOS to launch new party bar concepts with £25m investment
The new investment will enable the business previously known as Rekom to launch Bonnie Rogue’s Pub and Barbara’s Bier Haus, and target acquisitions in prime city centre locations such as Birmingham, Edinburgh, Glasgow, Leeds, Liverpool, London, Manchester and Newcastle
-
Analysis & InsightInvestors’ glass is more than half full as pub positivity returns
AlixPartners’ Graeme Smith and Craig Rachel assess the outlook for pub market M&A amid the return of consumer confidence, (some) sunny weather, lower inflation and a reduction in interest rates
-
Analysis & InsightAutumn menus feature pumpkin spice and all things nice
Classic autumnal flavours, such as maple, cinnamon and pumpkin, make a return to menus, as MCA rounds-up the latest menu launches, featuring Pret, Greggs, Costa Coffee and more
-
Analysis & InsightDeals and rewards key to maintain customer ‘loyalty’
Customer loyalty is a hard-fought battle, with 31% of consumers stating they are likely to switch to competitor brands when it comes to eating and drinking out, a new report from Zonal finds
-
NewsVapiano appoints new director of development
Richard Downs joins the German-founded Italian restaurant group from his role as managing director at Dirty Bones.