All articles by Shwetali Sapte – Page 84
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InterviewsPapa John’s: ‘There are opportunities everywhere’
Amit Pancholi, UK director of business development, speaks to MCA about growing the brand’s presence on the high street and beyond
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NewsMcWin Restaurant Fund raises €500m
The fund, led by Henry McGovern and Steven Winegar – backers of Gail’s and Vapiano – has secured backing from the Abu Dhabi Investment Authority
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NewsRecession looms as inflation set to soar further
Inflation is predicted to hit 11% by the end of the year, combined with consecutive contractions in the economy each quarter
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NewsJust Eat reports 7% growth in revenue
The delivery service announced enhanced profitability and revenue growth in H1 2022, despite a post-pandemic decline in gross transaction value
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NewsOpenings of the week
MCA rounds up this week’s biggest openings and announcements, featuring new sites from The Ivy Asia, Din Tai Fung, Las Iguanas, Clean Kitchen Club, Burger & Beyond, and more
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InterviewsFarmer J to expand regional presence
The all-day chain is looking at Brighton, Oxford, and Cambridge as well as mixed-use areas outside central London, founder Jonathan Recanati tells MCA
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InterviewsBababoom on the lookout for new sites
The ‘fresh kebab’ brand is looking to grow following a recent opening at Westfield Stratford, founder Eve Bugler tells MCA
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NewsPint prices rise to £8 in London
Following a quarterly update yesterday, Marston’s CEO Andrew Andrea said the operator would increase drinks prices, with premium pints now at £7-8 in London
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NewsDiageo sales driven by premiumisation trends
The beverage producer reported strong sales and profit growth in its preliminary results, driven by premium brands and spirit sales
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Analysis & InsightHeatwave causes drinks sales to ebb and flow
Drinks sales both skyrocketed and fell over the four-day heatwave period this month, with cider seeing the biggest uplift, according to CGA’s Drinks Recovery Tracker
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NewsMarston’s lfl sales down 2% on 2019
In its third quarter update, the pub operator reported growing drink sales but weakening food sales in the last four weeks to 23 July, due to the recent heatwave.
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Analysis & InsightSector sees 2.3% revenue decline since 2019
According to the UKHospitality Christie & Co Benchmarking Report, economic and operational challenges have led to a 2.3% contraction in like-for-like revenue
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InterviewsTortilla: ‘The brand’s resilience lies in its simplicity’
CEO Richard Morris speaks to MCA about national and global expansion, maintaining affordability and authenticity, and why the acquisition of Chilango is sure to pay off
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Analysis & InsightDelivery and takeaway sales continue to plateau
Delivery and takeaway sales saw the eighth month of year-on-year decline in June, according to CGA and Slerp’s Hospitality at Home tracker
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Analysis & InsightSector turnover expected to rise by 30% above 2019
Operators across hospitality and leisure reported confidence in growth, albeit hampered by staffing challenges, according to Barclays’ UK Hospitality Challenges report
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Analysis & InsightAverage price of main course up +10%
Main courses on branded restaurant menus rose in price by 10.1% between February and June, according to Lumina Intelligence’s Menu Tracker data
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NewsOpenings of the week
MCA rounds up this week’s biggest openings and announcements, featuring new sites from Flight Club, Roxy Leisure, Bone Daddies, Incipio Group, and more
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InterviewsFulham Shore: ‘Count the pennies and follow the money’
Executive chairman David Page spoke to MCA about turning the group from a net debt to a net cash position following the pandemic
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NewsTrade bodies condemn delay in alcohol duty reform
UKHospitality and the BBPA both called for the new government to put reforms back on track to help the pub sector get back on its feet
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NewsMitchells & Butlers’ sales driven by food
The pub business saw a decline in like-for-like drink sales since 2019, partially offset by a rise in food sales