All MCA Insight articles in December 2020 – Page 3
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NewsLeading operators come together to establish Zero Carbon Forum
Burger King, Brewdog, Nando’s and The Restaurant Group are among leading hospitality operators who have come together to establish the Zero Carbon Forum.
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InterviewsMarston’s refocused pub business will have ‘firmer pricing outlook’
Marston’s CEO Ralph Findlay has shared with MCA details of an executive restructure at the company, which sees previously separate divisions brought under a single pubs business.
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NewsOakman Group opens share offer to customer base
Oakman Group, the operator behind Oakman Inns and Restaurants and Ashmore Inns, is looking to capitalise on the post-pandemic market and double its estate by 2026.
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NewsScrimgeour joins Everyman
Boutique cinema business Everyman Media Group has appointed former Cote CEO Alex Scrimgeour to the role of CEO with effect from 18 January 2021.
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NewsWales faces full lockdown
Wales will go into full lockdown after Christmas if coronavirus case numbers fail to drop, Welsh first minister Mark Drakeford has warned.
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NewsNightcap aims to thrive in post-covid 2020s
Nightcap, a new company led by hospitality entrepreneur Sarah Willingham, has announced an intention to float on AIM and that it has agreed a deal to acquire the London Cocktail Club (LCC) group of bars.
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Analysis & InsightBeer Sales down 90% at Christmas
Beer sales in pubs are expected to be as much as 90% lower than normal this December, a decrease of 270 million pints, the British Beer & Pub Association reports.
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NewsHollywood Bowl hails ‘strength of business’
Hollywood Bowl Group has posted full year profit before tax of £1.2m, down 95.7% year on year due to the impact of coronavirus closures and restrictions.
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NewsBrains up for sale
Welsh brewer and pub operator SA Brain has put itself up for sale, the Sunday Times reports.
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NewsBerisha promoted to CEO at Caring restaurant estate
Baton Berisha has been promoted to CEO of The Ivy Collection, Bill’s Restaurants, Caprice Restaurants and The Birley Group.
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News‘This is sheer madness’: sector reacts to London lockdown
Idiotic. Catastrophic. Devastating. Just some of the words used to describe the decision to move London into tier three, resulting in another de facto lockdown for the capital’s hospitality venues. Having spent hundreds of thousands of pounds preparing for Christmas, the anger was understandable and palpable, with large parts of ...
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NewsScottish government fails to provide evidence for hospitality restrictions
The Scottish government has failed to respond to a freedom of information request asking for the evidence on which its hospitality restrictions have been based.
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NewsWetherspoon completes £30.4m development in Dublin
JD Wetherspoon has made the largest investment in its 41-year history in the development of a pub and hotel in Dublin.
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NewsGSG Hospitality to launch new concept in Liverpool’s The Plaza
Liverpool-based restaurant and bar group GSG Hospitality is set to open a new concept as part of a transformation of the city’s Plaza building. In partnership with Bruntwood Works, which is embarking on a £3m redesign of the building, GSG will create a social space, including a coffee shop, restaurant, cocktail bar and pop-up retail area. The concept, which will be revealed next year, will sit alongside a customer lounge and coworking suites on The Plaza’s ground floor.
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NewsShaftesbury reports loss as pandemic has “significant impact” on portfolio
West End landlord Shaftesbury has reported a loss after tax of £699.5m for the year to 30 September 2020 as the pandemic has a “significant impact” on the business. In the six months to the end of September, the group collected 53% of contracted rents, with 34% deferred or waived and 13% outstanding. Net property income was down 24.2% to £74.3m (2019: £98.0m), with a 3.5% like-for-like decline in rental income, and charges for expected credit losses and impairments of £21.9m.
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NewsGovernment accused of siding with landlords in pubs code review
The government has been accused of siding with pub landlords over tenants in its pubs code review completed last month, The Times reports. Business secretary Alok Sharma has been told by group’s representing about 7,000 tenants that the review “promised so much and delivered so little,” leaving publicans exposed to the impacts of the coronavirus crisis. Responding to the evaluation last month, British Beer and Pub Association CEO Emma McClarkin praised the government’s recognition that the code doesn’t require fundamental changes.
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NewsMinister of hospitality petition surpasses 100,000 signatures
A petition pushing for a minister of hospitality has surpassed its target of 100,000 signatures, meaning parliament must now consider the topic for debate.
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NewsLondon sees highest footfall in tier 2 areas on last weekend before tier 3
London had the highest footfall of all English tier 2 cities last weekend, but is expected to drop significantly as it enters tier 3 today, according to Wireless Social.
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NewsTasty achieves rent reductions and concessions on more than half of estate
Wildwood operator Tasty has achieved rent reductions and lease concessions on more than half of its estate, two months after it announced it was exploring a potential company voluntary arrangement (CVA).
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InterviewsShaftesbury’s Julia Wilkinson: ‘We’ve always taken a long term view’
Shaftesbury had one of the most desirable restaurant estates in the country, until a succession of lockdowns wiped out trade.