All articles by Georgi Gyton – Page 112
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NewsHawthorn eyes standalone status with IPO
Community pub company Hawthorn has announced plans to list on the stock market and will explore the potential for an IPO following a strategic review.
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NewsRevolution planning to double brand portfolio
Revolution Bars Group is looking to expand its portfolio of brands from two to four, in order to capitalise on property opportunities post-pandemic, chief executive Rob Pitcher has told MCA.
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NewsYO! in food to go trial with WH Smith
YO! has signed an agreement to supply select products from its food to go range to WH Smith, in a trial partnership with the retailer.
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NewsAdventure Bar Group looking outside London for future pipeline
Adventure Bar Group expects “a large part” of its future pipeline to be outside London, co-founder Tobias Jackson has told MCA.
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NewsLarger pub chains better placed for recovery
Larger pub chains have better recovery prospects from the pandemic than smaller operators and independents, and could even gain market share, according to global credit ratings agency S&P Global Ratings.
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NewsStrong public support for Covid passports
More than 60% of the general public would support the use of vaccine passports if it meant that venues were allowed to life social distancing restrictions, a poll from The Times has found.
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NewsHospitality reopens, but warning from PM
Hospitality venues are able open their doors for outside trading from today (12 April), but while the Prime Minister has said people should enjoy their new freedoms, he warned that the public remain wary of the risks.
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NewsSoho House submits confidential filing for US IPO
Private members club group Soho House has submitted a confidential filing for an IPO in New York, which could see it valued at more than $3bn (£2.1bn), according to Sky News.
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NewsLoungers agrees extension to £15m bank facility; updates on openings
Loungers has announced that its lending banks have approved a 12-month extension to the incremental £15m revolving credit facility (RCF) that was place in place in April 2020.
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NewsLoungers set to ‘explode out of the blocks’, says analyst
Analyst Liberum has said it expects Loungers to “explode out of the blocks” once sites reopen, following the announcement by the operator this morning that it intends to resume its fast-pasted opening rate once restrictions are lifted.
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Analysis & InsightHospitality readies itself for battle with the elements
With the hospitality sector gearing up for reopening after a long, hard winter, the last thing it needs is scores of guests not showing up for bookings. While some operators have put in place additional measures to confirm tables, the big unknown is whether people’s desire to escape their houses for a drink or a meal outside is strong enough to counter the discouraging effects of any less than clement weather.
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NewsPub staff required to check Test and Trace registrations
Pub staff will be asked to check drinkers’ phones to prove that they registered with the NHS Test and Trace app, when hospitality venues reopen on Monday (12 April), the Telegraph has reported.
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NewsCamile Thai to expand dark kitchens through new partnership
Camile Thai Kitchen has partnered with Reef Technologies to open a new dark kitchen in London, as it looks to grow its presence in the delivery-only space.
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NewsDeliveroo’s share bounce back despite strike action
Deliveroo’s share value bounced back four percent this morning after all of its issued shares were admitted for trading on the London Stock Exchange, despite planned strike action by riders today.
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NewsChilango to launch digital-only restaurant
Chilango is to open its first digital-only restaurant at Boxpark in Croydon as the brand looks to capitalise on the growth in online ordering during the pandemic.
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NewsChop’d invests in tech
High street salad chain Chop’d has invested £110k in digital developments ahead of the reopening of its sites next Monday (12 April).
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NewsTasty banks on further landlord support as losses widen
Tasty is negotiating with landlords in a bid to avoid implemented a CVA or similar formal procedure, as the impact of lack of trading continues to impact its financial position.
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NewsMarston’s looks to reopen 70% of estate next week
Marston’s has said it is planning to reopen 70% of its estate in England from 12 April, and subject to regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.
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NewsJudge expedites Sacha Lord case
The High Court has agreed to expedite Sacha Lord and Hugh Osmond’s case after the government attempted to stall proceedings yesterday (6 April).
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NewsWendy’s secures site in Croydon for return to UK
Wendy’s has secured a site in central Croydon as part of its plans to open 20 sites in the UK, MCA understands.