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All articles by Georgi Gyton – Page 108
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News
Punch carries out £600m debt refinancing
Punch Pubs has completed a £600m debt refinancing process in order to strength its position coming out of the pandemic.
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NewsBob Bob Ricard secures funding to reopen
Renowned London restaurant Bob Bob Ricard has secured a working capital funding package from alternative lender ThinCats in order to support the reopening of its two venues.
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NewsBrewDog co-founder in spotlight over potential conflicts of interest
BrewDog co-founder James Watt is having to sell off personal property assets linked to the brewer and pub operator in advance of a planned flotation due to concerns about potential conflicts of interest, it has been reported.
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NewsTasty negotiates favourable lease terms for majority of restaurants
Tasty has agreed consensual lease concessions and rent reductions on more than 80% of its estate and is continuing to negotiate with landlords and other creditor on any outstanding debts, it has said.
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News19 July is ‘end of the line’ for lockdown restrictions
Sajid Javid, secretary of state for health and social care, has said that 19 July is the “end of the line” for lockdown restrictions.
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NewsLeon reveals plans for first drive thru following EG Group deal
Leon has unveiled plans for its first drive thru with many more in its pipeline of openings for this year.
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NewsMcMullen & Sons sees profits almost half
McMullen & Sons, the Hertford-based brewer and pub operator, saw turnover decline from £93m in 2019 to £64.4m for the 52 weeks to 27 September 2020.
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NewsGreggs experiencing stronger sales recovery than expected
Greggs has seen like-for-like sales growth of between one and three percent in its company-managed shops against the same period in 2019, since restrictions were eased earlier this year.
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NewsJavid confident of 19 July lockdown end
Sajid Javid, the newly appointed secretary of state for health and social care, has said he is confident that the easing of lockdown restrictions will take place on 19 July.
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NewsCity Pub trading at 90% of 2019 levels
City Pub Group has said it is now trading at 90% of the levels seen in 2019, from the 42 pubs it has opened since outdoor trading commenced in April.
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NewsTips Bill could see operators lose power over service charge
The proposed Tips Bill could see restaurants and pubs lose the power to deduct money received by staff in tips, should it be passed by parliament.
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NewsPapa John’s appoints new director
Papa John’s has appointed Amit Pancholi as its new UK director of business development. He takes over from Justin Gilbert, who has been promoted to the role of senior operations director of Papa John’s UK.
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NewsGreene King partners with specialist college Landmarks
Greene King has partnered with Landmarks, a specialist college for people with learning difficulties and disabilities, to provide opportunities for students to enter the hospitality industry.
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NewsHeavitree sees revenue fall by two-thirds
Heavitree Brewery, the Exeter-based tenanted pub operator, has seen turnover fall by 67.77% to £846k, for the six months ended 30 April 2021, compared to £2.6m in the same period in 2020.
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NewsCourt rejects appeal against Deliveroo rider judgement
The UK Court of Appeal has upheld past judgements that Deliveroo riders are self-employed, dismissing an appeal by the IWGB union.
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NewsGusto Italian to push ahead with expansion
Gusto Italian is planning to get back on the acquisition trail and push further south on the map, after a four year pause on new openings.
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NewsBurger King enlists Parkdean Resorts as new franchisee
Burger King has partnered with a new franchisee in Parkdean Resorts. The UK holiday park operator will open its first Burger King restaurant within its Trecco Bay Holiday Park, in which the hospitality group recently invested £3.6m.
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NewsUKH calls for ‘test to release’ scheme
UKHospitality has been pressing the government to introduce a ‘test to release’ scheme for hospitality workers so that they can avoid having to self-isolate for 10 days every time they are notified of exposure to coronavirus by the NHS Test and Trace app, chief executive Kate Nicholls has said.
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NewsLoungers: ‘Calorie labelling would be costly and distracting’
The requirement for large hospitality operators to display calorie information from April next year would be “distracting and expensive”, voiced Loungers’ CEO Nick Collins on MCA’s The Conversation.
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NewsLoungers: ‘We need to shout about the opportunities in hospitality’
The hospitality industry is full of stories about people who have rapidly risen up the ranks which “we need to shout about more”, Nick Collins, CEO, Loungers told MCA’s The Conversation.