All articles by Finn Scott-Delany – Page 46
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NewsRestaurant Group CVA is ‘reshaping the face of casual dining’
The Restaurant Group’s announcement yesterday that it is proposing a CVA for it’s long-troubled leisure division was a major, if not entirely unsurprising development, in a coronavirus-dominated news cycle. Under the proposals, the company voluntary arrangement will allow for a restructure of the estate, which will see it exit 125 ...
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InterviewsLoungers chair Alex Reilley: Government not treating us like grown-ups
Loungers chairman Alex Reilley has excoriated the government’s communication over the lifting of lockdown as “maddening” and “irresponsible”.
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InterviewsLiberation Group CEO Jonathan Lawson on reopening pubs early
Pubs with gardens may have the chance to open earlier than planned on 22 June, if the English weather makes it worthwhile.
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NewsStar extends rent concessions
Star Pubs & Bars has extended its rent reductions for leased and tenanted pubs, bringing its total concessions since lockdown to £21m.
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NewsRestaurant Group in talks over leisure restructure
The Restaurant Group has confirmed it is in discussions with landlords regarding “potential restructuring options” of its leisure estate.
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NewsMcdonald’s expands home delivery
Mcdonald’s is offering home delivery at a further 500 restaurants this week.
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NewsJune 22 mooted for outdoor opening
Government ministers have identified June 22 as the date they hope to reopen England’s pubs and restaurants for outdoor service, amid fears of mass job losses if the hospitality sector misses out on the summer season.
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NewsAzzurri sounds out sale
Ask Italian and Zizzi operator Azzurri Group is exploring a sale of the company, Sky News reports.
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NewsRevolution launches £15m fundraise
Revolution Bars Group is seeking to raise £15m in a share placing, while transfer trading from the London Stock Exchange to the smaller AIM.
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InterviewsYoung’s CEO Patrick Dardis: Pubs can’t resemble operating theatres
With picturesque riverside pubs clustered around the Thames, as well as by East Devon’s Exe Estuary, more than half of the Young’s estate has a large beer garden.
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NewsBoparan paid £3.4m for Carluccio’s
Trading at Carluccio’s had recovered before coronavirus struck, but the dramatic sales decline that accompanied lockdown left it unable to continue, an administrators report shows.
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InterviewsUber Eats UK GM Toussaint Wattinne: Double digit growth during lockdown
Operators are seeing double digit growth in delivery after volumes recovered, Uber Eats UK GM Toussaint Wattinne has told MCA’s The Conversation. Wattinne said after an initial fall-off when lockdown came into force, volumes quickly ramped back up, with strong growth for those that remained open. He told the virtual ...
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NewsComptoir has ‘strong balance sheet’ to weather crisis
Comptoir Group is in a “reasonably healthy cash position” with minimal bank debt to service during lockdown.
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InterviewsInn Collection Group MD Sean Donkin: Domestic travel will be 'very strong'
The coronavirus pandemic could have an upside for regional UK businesses as Britons opt for staycations, Inn Collection Group MD Sean Donkin has told MCA.
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NewsJKS Restaurants CEO Jyotin Sethi: 1m vs 2m difference is ‘huge’
JKS Restaurants CEO Jyotin Sethi has added his voice to calls for the government to adopt one metre distancing, as per WHO guidance, opposed to the current two metre advice.
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InterviewsPret CEO Pano Christou: We expect a permanent delivery boost
Pret a Manger expects to see a permanent boost in delivery volumes, with the lockdown accelerating its technology development by three or four years, CEO Pano Christou has told MCA’s The Conversation.
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InterviewsJKS CEO Jyotin Sethi: ‘There’s a whole new dynamic being established’
The flagship names in the JKS collection, Gymkhana, Trishna and Brigadiers, are not the type of premium restaurants one would expect to readily translate into delivery.
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NewsGreene King gives tenants 90% rent reduction
Greene King Pub Partners is giving a 90% rent reduction to all tied pubs from 11 June until they can legally reopen.
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InterviewsHugh Osmond: ‘Do we really think we can socially distance forever?’
Hugh Osmond is already a known lockdown sceptic, having written more than a month ago of his fears that the drastic measures could cause more deaths than the coronavirus itself.