All articles by Finn Scott-Delany – Page 32
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NewsMarston’s reports statutory loss of £397m
Marston’s made a total loss of £397.1m in 2020 following the closure of its pub estate for 15 weeks.
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NewsDeliveroo ‘now profitable at operating level’
The coronavirus pandemic has accelerated consumer adoption of food delivery services by two to three years, Deliveroo CEO Will Shu has said.
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NewsCafé de Nata opening in Camden
Café de Nata has strengthened its presence in London, as it seeks to become the go-to brand in the UK for Portuguese custard tarts.
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NewsStonegate offers 90% rent credit for tier 3 tenants
Stonegate Pub Company has announced additional support for businesses in its leased and tenanted division, Ei Publican Partnerships, in response to the government’s tier system.
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NewsHunter swaps Kerb for Tipjar
Kerb head of development Ollie Hunter has joined Tipjar as head of operations.
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NewsIncipio strengthens board
Incipio Group has appointed corporate lawyer David Roberts as a non-executive director.
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NewsWalkers to use beer fermentation to slash CO2
Walkers crisps will capture CO2 from beer fermentation in order to slash emissions from its manufacturing process by 70%.
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NewsTattu, Boxpark, BrewDog make Fast Track 100
Chinese restaurant chain Tattu was the high highest-ranking hospitality business in the Sunday Times Fast Track 100.
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NewsCrown Estate counts of costs of CVAs
The Crown Estate is counting the costs of a series of company insolvencies and CVAs that have affected its estate.
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NewsNando’s raises £100m in new equity
Nando’s has raised £100m in new equity from its parent company to strengthens its balance sheet during the pandemic.
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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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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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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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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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InterviewsLoungers CEO Nick Collins: ‘We have a real role in improving high streets’
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.
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NewsCaffe Nero approves CVA amid takeover approach
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.