All articles by Shwetali Sapte – Page 72
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Analysis & InsightConsumer expectations are higher than ever
Despite the cost of living crisis, consumers are willing to spend on eating out – but their expectations are higher than ever, according to customer experience platform Reputation
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NewsUK economy shrinks by 0.2%
According to the Office for National Statistics, the UK economy has shrunk by 0.2% in the three months to September 2022
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NewsVarious Eateries confirms interim CFO appointment
James Darwent has been confirmed as interim CFO, with current CFO and director Oli Williams stepping down today
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NewsSales growth continues to fall short in real terms
Hospitality sales are 4% higher than they were during the same period in 2019, but well below pre-Covid comparatives in real terms, according to CGA and Wireless
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NewsUKHospitality renews calls for resolution to rail strikes
The trade body has called for a resolution to end industrial strike action, terming the most recent bout of strikes as a “week of misery.”
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InterviewsYaay Yaay considering permanent location
Thai street food concept Yaay Yaay, which operates six food stalls at markets across London, is considering opening its first permanent restaurant
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NewsDomino’s: ‘Our results are a combination of both price and volume’
The pizza chain’s customer base has seen significant growth due to the Just Eat partnership, says interim CEO Elias Diaz Sese
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InterviewsNightcap: ‘There’s no time for mediocrity in a recession’
CEO Sarah Willingham speaks to MCA about focusing on the core brands, pausing rollout plans, and branching out into an all-day offer
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from F1 Arcade, The Inn Collection Group, and more
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NewsYoung’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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NewsNightcap reports strong results from first full year of trading
The Cocktail Club, Adventure Bar Group, and Barrio operator announced revenues of £36m but reported slower momentum into FY2023
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NewsDomino’s reports strong momentum
Domino’s Pizza has reported its Q3 trading update, with like-for-like sales up 2.4% on last year, as well as announced its rollout on Just Eat and a new share buyback programme
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InterviewsPret: Visibility is key for Express format
Pret Express will be rolled out with machines placed in high footfall areas, and smaller versions introduced as well, interim MD Guy Meakin tells MCA
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NewsPizzaExpress fights to recoup lockdown losses
PizzaExpress has been told it cannot recoup lockdown losses of approximately £200m by claiming on its insurance policy
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NewsAntic Pubs appoints COO
Former Paul UK chief operating officer Gary Cowles has been appointed as COO for Antic Pubs
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NewsPatisserie Valerie appoints group CMO
Martin Burke has been appointed group chief marketing officer for Patisserie Valerie and Bakers + Baristas
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Analysis & InsightFoodservice Price Index shows inflation nearing 20%
Food and drink price inflation was at a record high of 18.8% in September, according to the CGA Prestige Foodservice Price Index
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NewsPizzaExpress appoints chief marketing officer
PizzaExpress has appointed Stephen Taylor, former global chief marketing officer at Nokia, as its new CMO
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NewsPound falls as interest rates rise
With a rate hike of 0.75%, the biggest since 1989, the Bank of England has predicted a two-year recession and doubling of the unemployment rate
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new launches from Big Mamma Group, Pacha Group, Loungers, and more