All MCA Insight articles in April 2020 – Page 9
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News
Côte launches ready meal delivery service
Côte has launched a new online shop and delivery platform, allowing consumers to order food throughout the closure period.
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News
Adnams reduces workforce by 90%
Suffolk-based pubco and retailer Adnams has reduced staff to 10% of its normal levels to cut costs throughout the coronavirus pandemic.
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News
Deloitte: Opportunistic M&A before crisis ends
Well-invested brands still have the chance of emerging from the coronavirus crisis in a stronger position, Deloitte corporate finance Ed Jenkins has told MCA.
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News
PCA calls for clarity on pubco tenant support
The Pubs Code Adjudicator has called on pubcos refusing to waive rent to clarify how they plan to back tied tenants through the ongoing pandemic.
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News
Georgel: No blanket policy towards tenants
St Austell CEO Kevin Georgel has told MCA the pub operator and brewer will be accountable for the way it acts towards its tenants during the crisis - “by our tenants and no one else”.
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Interviews
Leon: ‘So many people are saying they can’t get food’
Leon managing director Shereen Ritchie has told MCA of the brand’s ambition to reach the vulnerable and elderly as it launches a new grocery and ready meal delivery service today.
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News
Creams launches local heroes initiative
Desert café concept Creams has launched a reward program in partnership with Deliveroo, Just Eat and Uber Eats to thank key workers throughout the coronavirus pandemic.
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News
Antonio Carluccio Foundation offers grants of £500,000 to businesses affected by coronavirus
The Antonio Carluccio Foundation will make grants of up to £500,000 this year to support hospitality businesses hit by the coronavirus pandemic, MCA’s sister Magazine Big Hospitality reports.
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News
Hix: 'Not my decision to appoint administrators'
Mark Hix has appointed administrators to his three restaurant companies - WSH & Mark Hix Restaurants, Restaurants etc and Hix Townhouse.
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News
Commercial landlords call for flexibility from lenders
London’s biggest property owners have called for more flexibility from banks and lenders as tenants fail to pay their rent during the pandemic, The Times reports.
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News
Famous Brand will no longer finance GBK
Famous Brands, the South Africa-based group, has said it will no longer fund its loss-making Gourmet Burger Kitchen (GBK) restaurants in the UK.
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News
TRG downsizes exec pay and operations
The Restaurant Group has announced an extension to its lending facilities, executive pay cuts and a downsizing of its board.
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News
Rent cancellations: ‘As soon as you do it for one, you have to do it for everyone’
Rent has emerged as one of the central and most polarising issues during the coronavirus crisis, creating an us versus them dynamic as operators look to drastically cut costs and wind down their businesses.
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Analysis & Insight
Steve Gotham: Corporate grief and moving on
In trying to come to terms with the monumental destruction and upheaval being wreaked by the coronavirus, it is helpful for both individuals and assorted business entities, to take some solace of sorts from the grief cycle. This highlights how there is a series of phases commonly associated with the grieving process – and helps to explain the roller coaster of emotions that are typically endured. Importantly within this, though sadly not available to all, there is a recovery outcome.
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News
Crussh launches home delivery
Healthy-eating and Juice brand Crussh has launched a home delivery option for consumers within the M25.
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News
St Austell offers free rooms for NHS staff
St Austell Brewery has offered free-of-charge rooms to NHS workers from the Royal Cornwall Hospital.
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News
Ei and Punch extend rent deferral
Ei Group and Punch Pubs are the latest pub companies to extend the deferral of rent and other payments as the coronavirus pandemic continues.
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News
Pubcos sign declaration to protect tenant rights
Directors of all the regulated pub-owning businesses have signed a formal declaration to protect certain tenant rights in the coronavirus pandemic, the Pubs Code Adjudicator has revealed.
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News
Consumer confidence dips to lowest recorded level
Consumer confidence in the first quarter of the year fell to -18% as a result of the coronavirus pandemic, Deloitte’s consumer tracker has revealed.
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News
Pubcos respond to calls for rent cancellation
Pubco bosses have responded to calls to cancel rents for tenants, pointing to the government’s package of support for small businesses, the Morning Advertiser reports.