All MCA Insight articles in December 2020
View all stories from this issue.
-
NewsPizza Hut criticised over wage error
Pizza Hut was among 140 companies criticised by the UK government for failing to pay their workers the minimum wage.
-
NewsHospitality bears brunt of consumer spending decline
Consumer spending declined 7.1% year-on-year in 2020, as coronavirus restrictions impacted many sectors, with hospitality and high-street retailers hardest hit.
-
NewsKate Nicholls awarded OBE
UKHospitality CEO Kate Nicholls has been awarded an OBE in the New Year Honours list for services to the hospitality sector.
-
NewsLord Sugar challenges Caffe Nero CVA
Lord Sugar’s private commercial property group, Amsprop Investments, has lodged a legal challenge against Caffe Nero’s company voluntary arrangement (CVA), Sky News reports.
-
NewsBrewDog in talks over vaccine hubs
BrewDog is in talks with the British and Scottish governments over offering its bars to help roll out the coronavirus vaccine.
-
NewsHappy Christmas from MCA
2020 will go down as a memorable year for all the wrong reasons. No words can express the devastation felt across hospitality, particularly the recent developments which introduced a de facto lockdown in the shape of Tier 4 across swathes of the country. Bookings were eviscerated, supplies were wasted, businesses ...
-
NewsSome 2020 Highlights
Brandwatch: Five Guys https://www.mca-insight.com/food-to-go/brandwatch-five-guys/649753.article Shaftesbury takes its time https://www.mca-insight.com/property/shaftesburys-julia-wilkinson-weve-always-taken-a-long-term-view/651449.article Pret - ”we’ve amazed ourselves…” https://www.mca-insight.com/food-to-go/pret-director-briony-raven-weve-amazed-ourselves-with-the-speed-weve-done-things/650824.article How is Sessions Market changing? https://www.mca-insight.com/people/sessions-market-covid-allows-us-to-shape-the-concept-over-time/646959.article What’s the deal with Wahaca and Nando’s? https://www.mca-insight.com/analysis-and-insight/wahacas-journey-to-nandos-stablemate/650439.article The rise and fall of Coffeesmiths https://www.mca-insight.com/analysis-and-insight/the-rise-and-fall-of-coffeesmiths-collective/646702.article Is the ...
-
NewsMarston’s strikes deal with Brains
Marston’s has announced a deal that will see it operate 156 Brains pubs in Wales. The combination of leased and management contract arrangements consists of a freehold estate of 86 managed and 55 tenanted pubs, together with a leasehold estate of 15 managed pubs and bars. It employs around 1,300 people. Marston’s already has 106 pubs in Wales but plans to continue to operate the existing 156 Brains pubs under the Brains brand. Marston’s will operate the 141 freehold pubs on a leasehold basis from February 2021, with rent chargeable from April 2021. The majority of these will be on long lease agreements of 25 years. The deal is set to complete in February 2021.
-
NewsM&B fined by Trading Standards
Mitchells & Butlers has been fined by Trading Standards after serving a cheaper white fish mix instead of advertised lobster.
-
NewsApplegreen to go private in £653m deal
Forecourt operator Applegreen is set to go private after reaching an agreement to be acquired by B&J Holdings and Blackstone Infrastructure Partners in a deal worth 718.1 million euros (£653m).
-
NewsDeliveroo lost £317m in 2019
Deliveroo’s losses grew to £317.7m in 2019, up by a third from on the previous year, before the pandemic helped boost it to profitability.
-
NewsDes Gunewardena: Tax supermarkets to bail out bars and restaurants
D&D London CEO Des Gunewardena has called on the government to withdraw relief or introduce a covid-tax on industries that have benefited from the pandemic in 2020, such as supermarkets, online retailers and delivery companies.
-
NewsUKH to PM: Give the sector hope for recovery
UKHospitality has urged the prime minister to provide more generous compensation for businesses affected by stricter coronavirus restrictions.
-
OpinionDominic Walsh: Is closure more costly then tier 2?
The massive impact of Covid-19 on the pub industry was brought home to me a couple of weeks ago when I took my two lads to the Wetherspoon pub next to Oxted station. Once every few weeks on a Sunday morning - lockdowns permitting - I take them for a haircut and a breakfast at the Wetherspoon. There aren’t too many places you can feed two teenagers and their dad a big fry up (plus add-ons) and drinks for £17.
-
Analysis & InsightTop of Mind: What does 2021 hold?
The year is almost over and most of us couldn’t be keener to put this one behind us. Lumina Intelligence Top of Mind Business Leaders Survey confirmed the inevitable, that universally leaders in the hospitality industry consider 2020 to have been the worst year on record. Even during the financial crisis of 2008, only two-thirds of leaders considered trading conditions to be challenging, compared to 97% in November 2020.
-
NewsAnnus horribilis: sector loses £53bn in 2020
The UK hospitality sector lost sales of more than £53bn in 2020, with more losses to come from a collapse of Christmas trading.
-
NewsStar to appeal £2m PCA fine
Star Pubs & Bars will appeal the fine imposed by pubs code adjudicator (PCA) Fiona Dickie for what she described as “seriously and repeatedly” breaching the code over nearly a three-year period.
-
NewsCreams acquired by Pistachio Holdings
Dessert parlour brand Creams has been acquired by Pistachio Holdings, controlled by Ankush Shah of the East Africa-based Sumaria Group.
-
NewsLeon CVA approved
Leon has approved a plan to restructure the business through a company voluntary arrangement (CVA), preserving 670 jobs.
-
