All articles by Shwetali Sapte – Page 69
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NewsMitchells & Butlers sees profits recover
Excluding utilities, Mitchells & Butlers has reported profits have broadly recovered in the year to September 2022, with a total revenue of £2,208m
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NewsGail’s to debut in Northwest
Gail’s Bakery will open its first store in the Northwest in Wilmslow, Cheshire, in early 2023, with further locations to be announced in the new year
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News‘Further strike action will mean the death knell’
Trade bodies have warned the announcement of further rail strikes in December will cause venues to lose billions in revenue during a critical trading period
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NewsIn pictures: Gusto Italian’s new Oxford venue
Gusto Italian has opened its fourteenth site at the Grade II listed Mitre Hotel building on Oxford High Street following a £1.8m investment
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NewsFurther strikes announced
The RMT union has announced additional strike dates, starting 6pm on Christmas Eve until 7am on 27 December
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NewsSSP Group announces return to profit
The operator has announced its results for the year ended 30 September 2022, with recovery in passenger demand and a shift in focus towards North America and Asia
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NewsMitchells & Butlers appoints ops director
Jo Crump, formerly of Prezzo and Punch Taverns, has been appointed operations director
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NewsMarston’s reports return to normalised trading
The pub operator has announced full year like-for-like sales at 99% of 2019 levels for FY2022, along with a return to normalised trading despite Omicron
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Analysis & InsightAlixPartners: ‘Consumer expectations will be permanently elevated’
Graeme Smith, MD at AlixPartners, discussed M&A trends in hospitality and changes in consumer behaviour at MCA’s FD Leaders
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InterviewsAzzurri Group: ‘We remain committed to delivering value’
The Zizzi, Coco di Mama, and Ask Italian operator is looking to evolve all three brands, CEO Steve Holmes tells MCA
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Analysis & InsightHospitality sees boost from sporting events
Major sporting events along with festive gatherings have led to bars, pubs, and clubs seeing year-on-year growth of 4.1% in November, according to Barclaycard
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NewsLiverpool venue Alma de Cuba sold to JSM Group
CBRE’s Manchester Operational Real Estate team has completed the sale of Liverpool nightspot Alma de Cuba to JSM Group for £2.5m
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Analysis & InsightFlint Global: ‘Well run companies will stand out more than in the past’
Alex White, partner at Flint Global, discussed the macro-economic climate and his views on monetary conditions in the coming years at MCA’s FD Leaders event
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InterviewsLucky Voice: ‘We’re stepping up our ambition’
MD Charlie Elek speaks to MCA about building momentum and doubling the estate as revenues soar beyond pre-pandemic levels
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Lucky Voice, Brindisa Kitchens, Sides, and more
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Analysis & InsightLow and no alcohol drinks among fastest growing categories
One in three bars have increased their range of low to no alcohol drinks over the past year, according to CGA and Crossip
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NewsPubs expecting to pour 15m pints this Sunday
Pubs are expecting to sell 5m more pints than usual when England face Senegal in the World Cup knockout stages this Sunday
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Analysis & InsightAzzurri Group recovery driven by omnichannel approach
The group is renewing its focus on improving and expanding the proposition, through operational efficiencies, delivery, loyalty, and digital
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NewsSapient appoints Steven Kenee as director
The corporate finance advistory firm has appointed the former Oakman chief investment officer as a director
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NewsThinCats backs ETM Group in £11m deal
Alternative lender ThinCats has provided over £11m in funding to ETM Group to refinance its loans and provide capital for organic growth