By M&C Report team2010-04-30T12:58:00+01:00
Regional pub operator and brewer Everards has been “effectively closed down” by the government’s tier system.
England will be left with just a fraction of its pubs being able to trade in conditions resembling normal, the country set to go back into “lockdown in all but name”.
The pandemic will wipe £14bn from the pub sector in 2020, but the market is forecast to make a tentative recovery in 2021, Lumina Intelligence reports.
Caffè Nero founder Gerry Ford is pledging a £5m ‘survival fund’ to see the struggling coffee chain through its financial restructuring, Sky News reports.
When discussing the enduring success of the Loungers business, “well-hedged” is not a phrase CEO Nick Collins says he would necessarily use, but he recognises it’s a good one.
Caffè Nero has approved its Company Voluntary Arrangement (CVA), including a modification that the company will ensure compromised creditors, including landlords, will have their arrears paid in full in the event that a sale of the group to the third party occurs within the next six months.
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