All articles by Finn Scott-Delany
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NewsGiggling Squid proves ‘off-site trading model’
Giggling Squid is currently in a “strong financial position” and “trading well given its regional bias” as it heads into winter, according to its latest financial accounts.
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Pizza Express exits further 23 sites
Pizza Express has closed an additional 23 sites, on top of the 74 sites exited as part of the company voluntary arrangement (CVA).
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Landsec: £35m of December rent outstanding
Land Securities has updated on its December quarter rent collection, with £35m outstanding.
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Leon reshuffles finance team
Leon chief financial officer Antony Perring is stepping down to be replaced by his long-standing deputy Chris Burford.
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Cloud-kitchen secures £1.47m funding
Kitchen Ventures, a cloud kitchen start-up from Rum Kitchen founder Jonny Boud, has received $2M (£1.47m) in seed funding, led by London Impact Ventures.
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Cosmo appoints Sierankowski COO
Cosmo, the all you can eat world buffet restaurant group, has appointed Roman Sierankowski as chief operating officer.
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Marston’s has ‘significant liquidity’ for lockdown
Marston’s made pub revenues of £54m in the 13 weeks ended 2 January 2021.
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Dom’s Subs upcycles Subway site
Artisan sandwich maker Dom’s Subs is doubling up with a new site in the City of London.
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McDonald’s suspends walk-in takeaway
McDonald’s has suspended walk-in takeaway in the UK and Ireland, though remains open for drive-thru and delivery.
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Pret appoints former eBay director to exec team
Pret A Manger has appointed a new chief customer and growth officer.
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Greggs forecasts £15m losses for 2020
Greggs’ sales fell 44% to £811m in the 2020 financial year, the bakery group has reported.
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Hospitality 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.
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Kate Nicholls awarded OBE
UKHospitality CEO Kate Nicholls has been awarded an OBE in the New Year Honours list for services to the hospitality sector.
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BrewDog 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.
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Creams 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.
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Leon CVA approved
Leon has approved a plan to restructure the business through a company voluntary arrangement (CVA), preserving 670 jobs.
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TRG warning over ‘extremely challenging’ outlook under tiers
The Restaurant Group has warned the tiering system will have a “significantly adverse impact” on the group if it remains in place.
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Fulham Shore: ‘Historic’ return on capital once normal trading resumes
Fulham Shore will be able to target a “much higher return on capital” when normal trading resumes, due to the ongoing damage to the property and restaurant sectors.
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Furlough extension cautiously welcomed
The one-month extension of furlough has been tentatively welcomed, tempered with a warning that more support will be needed to save jobs and businesses.
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Deltic acquired by Rekom, 10 sites to close
Deltic has been bought of administration by Rekom Group, the Nordic nightlife operator.
