All articles by Shwetali Sapte – Page 7
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Analysis & InsightCoffee and cocoa prices to stay elevated
Hot drinks are an important driver of sales and profits, but record commodity prices will keep costs high for the foreseeable future, Lynx Purchasing warns
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Analysis & InsightBeyond viral: Translating brand hype into sales
MCA looks at how brands like Wingstop, Dave’s Hot Chicken, and Popeyes have successfully inserted themselves into the zeitgest to build both hype and long-term cultural relevance
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NewsChopstix boosts turnover to £64m
The Asian-inspired QSR chain said it has been able to achieve resilient revenue growth despite a challenged backdrop, with strong sales and tight cost control
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NewsHeineken warns of weak consumer sentiment
The Dutch brewer saw growing demand for its premium brands, but warned of a decline due to weak consumer confidence in some parts of Europe
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NewsValentine’s Day bookings up by 7%
Bookings for tables of two are up 15%, although the Galentine’s Day trend may be waning, according to payments company Dojo
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NewsDeliveroo COO to step down
Sky News reports Eric French will step down later this year, following reports of founder and CEO Will Shu’s planned departure
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NewsGreene King expands franchise pub concepts to Scotland
The pubco will roll out Hive Pubs and Nest Pubs in Scotland, building on their success in England, where Greene King operates over 70 franchise pubs
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Analysis & InsightHospitality moves beyond transactional loyalty
Despite the dip in consumer confidence, some groups have successfully engaged customers by linking loyalty with the overall brand experience, according to Lumina Intelligence
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NewsFortress acquisition marks ‘new chapter’ for Loungers
Fortress has completed its acquisition of the hospitality group for £354.4m, with Loungers looking forward to accelerating its growth under new ownership
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NewsPret retains £5 monthly subscription fee after backlash
The chain has backtracked on a decision to increase the Club Pret membership fee to £10 per month, saying it wants to offer customers “fantastic value”
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NewsMJMK’s AngloThai awarded Michelin Star
Restaurateur Jason Atherton’s Row on 5 was also awarded a star, while Plates London became the first vegan restaurant to receive one
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Analysis & InsightWorkplace racism remains matter of concern
Participation in EDI training also remained low, although respondents expressed optimism about opportunities in the sector, according to a report from Be Inclusive Hospitality
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NewsMcDonald’s names UK as one of most ‘challenged’ markets
The company’s Q4 results were partly offset by negative comparable sales in some markets, led by the UK, with new initiatives implemented to drive performance
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NewsRed Engine reports record-breaking Q4
The operator behind experiential concepts Flight Club and Electric Shuffle announced sales of £25.3m, up 24% on 2023, with plans to reach 39 venues by year end
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NewsJulia Wilkinson steps down after 28 years at Shaftesbury Capital
The restaurant director listed a number of milestones during her time with the West End landlord, such as curating Kingly Court and supporting the rejuvenation of Fitzrovia
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InterviewsChew On This keen to develop new concepts
Ellen Chew, founder and operator of Singapulah, Rasa Sayang, and Arôme Bakery, speaks to MCA about innovation in the Asian specialist F&B scene
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Analysis & InsightStronger spending power boosts eating out market
Strong consumer confidence in December drove key metrics, with consumer spending increasing 11.9% - ahead of inflation – to £18.53, according to Lumina Intelligence
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NewsFairgame completes multimillion-pound growth capital raise
The competitive socialising concept will launch a new venue in the City while pushing ahead with US expansion and international franchising
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NewsComptoir formally announces Chaker Hanna as CEO
Hanna makes a return after 12 years at Comptoir between 2010 and 2022, as Nick Ayerst and Ali Aneizi step down with immediate effect
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NewsNoble Hospitality Group revenue boosted by expansion
The parent company of Chotto Matte, Angus Steakhouse, and Alley Cats Pizza reported £54.2m revenue for the 18 months ended 30 April 2024