All MCA Insight articles in April 2021 – Page 7
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News
Clive Chesser: Outdoors opening a ‘baby step’
Punch Pubs chief executive Clive Chesser has described outdoors reopening as more “psychologically important than economically important”.
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Analysis & Insight
Rent debt: ‘There’s going to be pain on both sides’
Rent debt remains the biggest unsolved problem of the pandemic, a looming prospect which threatens to wreck the recovery of a sector before it has begun.
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Analysis & Insight
Doubt over delivery growth - poll
Only a very small minority of operators (6%) believe delivery volumes will continue to grow when dining out reopens.
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News
Soho House submits confidential filing for US IPO
Private members club group Soho House has submitted a confidential filing for an IPO in New York, which could see it valued at more than $3bn (£2.1bn), according to Sky News.
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News
WatchHouse Coffee to ‘redefine multisite model’
Upscale coffee brand WatchHouse is to open five new sites in the capital as well as its first site outside of London, in Bath, taking its total number of sites to 12 this year.
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News
Pub staff required to check Test and Trace registrations
Pub staff will be asked to check drinkers’ phones to prove that they registered with the NHS Test and Trace app, when hospitality venues reopen on Monday (12 April), the Telegraph has reported.
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Analysis & Insight
Hospitality readies itself for battle with the elements
With the hospitality sector gearing up for reopening after a long, hard winter, the last thing it needs is scores of guests not showing up for bookings. While some operators have put in place additional measures to confirm tables, the big unknown is whether people’s desire to escape their houses for a drink or a meal outside is strong enough to counter the discouraging effects of any less than clement weather.
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News
Loungers set to ‘explode out of the blocks’, says analyst
Analyst Liberum has said it expects Loungers to “explode out of the blocks” once sites reopen, following the announcement by the operator this morning that it intends to resume its fast-pasted opening rate once restrictions are lifted.
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News
Loungers agrees extension to £15m bank facility; updates on openings
Loungers has announced that its lending banks have approved a 12-month extension to the incremental £15m revolving credit facility (RCF) that was place in place in April 2020.
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News
Flight Club to launch in Dublin
Red Engine, the group behind Flight Club Darts and Electric Shuffle, has partnered with Loyola Group to bring Flight Club to Ireland, with the first venue planned to launch in Dublin in 2022.
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News
Pret to reopen tranche of shops
Pret a Manger has updated on its reopening plan, with a further 47 shops to open by 12 April.
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News
Camile Thai to expand dark kitchens through new partnership
Camile Thai Kitchen has partnered with Reef Technologies to open a new dark kitchen in London, as it looks to grow its presence in the delivery-only space.
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News
Orange Buffalo spreads its wings
Chicken wing brand The Orange Buffalo, which is being advised on expansion by the team behind Eggslut and The Halal Guys, has secured its fourth location in London, on Argyll Street in Soho.
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News
Ceru relocates over landlord impasse
Levantine restaurant Ceru has exited its Soho site and is relocating to Queensway, MCA understands.
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Analysis & Insight
Leisure spend shows encouraging signs
Face-to-face leisure & entertainment spend was up 136% last week, in a positive sign of the pent-up demand for the reopening of hospitality.
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News
Big firms commit to London
British Land has hailed the letting of a large chunk of office space at 1 Broadgate as a “vote of confidence in London”.
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News
Call for evidence over commercial leases
Operators have been urged to provide evidence about their experience as commercial tenants during lockdown, as the government seeks a “carefully managed exit” from business protections.
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Opinion
Peter Martin: Life on the frontline just got harder
With just days to reopening outside in England, and little over a month to indoor trading, pub and restaurant operators should be fully focused on finalizing the operational details for those big dates, and with no distractions.
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News
‘Daft’ pub regulations amended
Regulations which threaten to prevent pubs from taking card payments inside have been amended at the eleventh hour, MCA understands.
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News
Deliveroo’s share bounce back despite strike action
Deliveroo’s share value bounced back four percent this morning after all of its issued shares were admitted for trading on the London Stock Exchange, despite planned strike action by riders today.