All MCA Insight articles in December 2020 – Page 5
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Analysis & InsightMixed approach to interpretation of tiers
Most operators (47%) are interpreting the new tier restrictions very strictly and to the letter of the law, though a sizeable minority (28%) are taking a more relaxed approach and leaving it up to customer discretion, the Lumina Intelligence Hospitality Leaders Poll reveals.
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NewsRent debt pile of £1.6bn threatens new year bloodbath
The hospitality sector is facing a devastating rent tipping-point that will trigger a new year bloodbath of business failures and the potential for hundreds of thousands more job losses, UK Hospitality has warned.
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NewsLiberation reacts to Jersey circuit breaker
Liberation Group is “disappointed but understanding” at news it will have to close 44 pubs in Jersey as the crown dependency enters a circuit breaker lockdown.
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NewsTim Martin rails against ‘reckless and draconian’ anti-pub measures
Wetherspoon will keep eight of its pubs open in Wales, effectively trading them as cafes.
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NewsBrewDog crowdfund breaks £10m
BrewDog’s Equity for Punks Tomorrow fundraise has broken the £10m mark, with 54 days remaining to reach its target of £15m.
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NewsOfficials accused of ‘intimidation’ over enforcement of pub rules
Police have been accused of “overzealous” enforcement of tier 2 restrictions in pubs, with landlords reporting officers arguing over “substantial meal” regulations and throwing out customers after they finished eating.
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NewsBarburrito secures new investment, closes three sites
Barburrito has undergone restructure, with the closure of three sites, and a new injection of investment led by chairman Graham Turner.
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NewsThomas swaps Searcys for RA Group
Former Searcys managing director Matt Thomas is joining Compass Group as managing director of RA Group.
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OpinionOakman Inns CEO Dermot King: Hospitality has become a punchbag in crisis
As England emerges from a second lockdown and businesses adapt to the new tier system, Oakman Inns CEO Dermot King discusses how the government is forcing the hospitality sector to big up the tab.
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NewsRadix joins Puttshack JV partner
Former Draft House and Jamie Oliver finance chief Bharti Radix has joined Puttshack joint venture partner World Golf Systems as finance director.
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NewsEverards at the ‘precipice of losing many pubs for good’
Regional pub operator and brewer Everards has been “effectively closed down” by the government’s tier system.
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NewsDodo scopes new sites ahead of Leamington launch
Dodo Pizza, the Russia-founded delivery operator, is targeting a number of new openings for 2021, as it prepares to launch a new site under a revamped concept later this month.
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NewsCocotte opens fourth London restaurant
French rotisserie restaurant concept Cocotte has opened its fourth London restaurant in Queens Park.
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NewsMarston’s waivers request approved by noteholders
Marston’s request to the holders of its secured class A notes for a number of further technical waivers during the first half of 2021 has been approved. In an announcement to the London Stock Exchange last month, the pubco formally requested the waivers as a precautionary measure following the renewed lockdown restrictions introduced in Wales and England.
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NewsNOVEMBER 2020
This month, MCA brings you comment from Peter Martin and Dominic Walsh. We also have interviews with Young’s CEO Patrick Dardis and Meatliquor co-founder Scott Collins, analysis of the deal between Nando’s and Wahaca, and we take a close look at Five Guys and Nando’s…
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NewsPolpo’s Richard Beaty buys back remaining sites
Polpo co-founder Richard Beatty has bought the restaurant group’s last two remaining sites, including its debut venue, out of administration.
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