All MCA Insight articles in April 2020 – Page 10
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News
BBPA: Pub tenants have government support to pay rent
This is an extraordinary time for our sector, the like of which we have never seen before, and it is important that we all work in partnership to protect it. That is why we acknowledge the calls many publicans are making on rent payments and recognise the pressures they face.
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News
Fuller’s puts 95% of staff on furlough
Fuller’s has placed over 95% of its staff on furlough, and will top up wages that exceed the £2,500 Government cap.
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News
David Read: Pick-our-Own
David Read, Prestige Purchasing’s Chairman highlights the opportunity for laid-off hospitality workers elsewhere in the food chain
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News
Steve Gotham: Contrasting coronavirus communications
MCA’s Operator Data Index includes over 350 eating & drinking out chains with five outlets or more. We estimate these businesses generated a combined turnover of almost £27bn in 2019 – quite what this comparative will equate to in 2020 when the coronavirus dust eventually settles is a scary prospect. Many of these businesses have temporarily closed all operations, while a number are gallantly soldiering on with delivery or takeaway from selected locations only. Of those businesses still trading in some form, it is useful to review their online messages on how they are dealing with the coronavirus. Certainly, there are differences in how they are looking to both inform and reassure consumers.
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News
United We Stand - Restaurant PR Gemma Bell on how to stay relevant during the crisis
As part of the United We Stand podcast series, PR expert Gemma Bell discusses the importance of regular consumer communication, staying relevant in closure, and how restaurant marketing is set to change after the coronavirus crisis.
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News
Government announces new emergency loans package
The Government has announced a new emergency loans package intended to support the “squeezed middle” – some 85% of businesses in the hospitality industry – who were previously excluded from previous coronavirus support packages.
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News
UKH calls on Government to protect businesses against “punitive” landlord sanctions
Hospitality businesses need urgent support to protect them from punitive legal sanctions from commercial landlords, UK Hospitality has informed the Government.
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News
Wagamama launches cook-at-home video series
Wagamama has become the latest operator to launch its own cooking lesson video series to reach out to consumers in the closure period.
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News
Leon readies new delivery service, Feed Britain
Leon is to launch an online delivery service, Feed Britain, offering grocery boxes and ready meals.
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News
Berkamnn Wine Cellars launches hospitality support initiative
Restaurant supplier Berkmann Wine Cellars has launched an online platform - ‘Help 4 Hospitality’ - to deliver wine to consumers while donating a share of the profits to the hospitality sector.
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News
KPMG: ‘This will ultimately wipe out the weaker operators’
The hospitality industry is entering a period of relative calm, with attention now turning to medium and longer term challenges, KPMG’s Will Wright has told MCA.
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News
Luke Johnson: ‘Terrible trade-off’ lies ahead in virus fight
Luke Johnson has warned the UK could face a “Great Depression” and would have to decide if the containment measures were worth the “collateral damage” of falling living standards and damage to mental health.
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News
Landsec allocates £15m to F&B rent relief
Land Securities has set up a rent relief support fund of £80m, with a particular focus on F&B operators and SMEs.
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News
Chancellor to overhaul SME loan scheme
The chancellor is set to overhaul his emergency aid scheme for small businesses (SMEs) as companies struggle to access crisis funds, Sky News reports.
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News
Majority of companies face diminishing cash pile
A large number of companies are in danger of running out of money within weeks, according to a survey by the British Chambers of Commerce. The survey found 62% of companies polled late last month said that they had enough cash to keep them going for the next three months ...
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News
MCA - Digital Edition
With the digital edition you can view, review and search through MCA online – exactly as if you were holding a copy in your hands.
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News
Peach pledges to retain all staff
The Peach Pub Company has said that none of its staff will lose their jobs because of the coronavirus.
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Analysis & Insight
One in three will eat out less post-lockdown
Almost a third of consumers have said they will eat out less frequently than they did pre-coronavirus when the lockdown period ends, new research by CGA has revealed.
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News
One in five SMEs at risk of collapse within a month
One in five SMEs are at risk of collapsing due to lack of cashflow in the next four weeks, new research by the Corporate Finance Network has revealed.
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News
Landlords must cancel rent to ensure a future for sector - Pure
Landlords have to realise “we are all in it together” and offer operators rent-free periods, Pure CEO Spencer Craig has told MCA.