All articles by Georgi Gyton – Page 97
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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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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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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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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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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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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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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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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.
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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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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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Analysis & InsightUptick in outlet growth expected for food to go
The number of food to go outlets is forecast to grow by 0.6% this year, following modest growth of 0.2% in 2020, according to Lumina Intelligence’s new UK Food to Go Market Report.
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InterviewsShereen Ritchie: ‘The pandemic hasn’t stopped us investing in our people’
Leon has used the challenges of the pandemic as an opportunity to adapt and improve how it develops its people, said UK managing director Shereen Ritchie.
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NewsDeliveroo gets thumbs down from more fund managers
Legal & General Investment Management and M&G have joined the list of fund managers who have said they will not be buying shares in Deliveroo when it goes public next week.
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NewsBone Daddies to expand Wing Daddies concept
Bone Daddies is to roll out its new chicken wing-focused virtual brand to 12 sites across London following a successful trial in Kentish Town.
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NewsBlood tests could form part of Covid certification scheme
Hospitality venues could allow millions of people who have recovered from Covid-19 and developed immunity into pubs and nightclubs under the government’s plans for a coronavirus certification scheme.
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NewsOakman Group acquires The Woburn Hotel
The Oakman Group has acquired 48-bedroom The Woburn Hotel, after signing a 25-year lease with The Bedford Estates, as it looks to take advantage of the boom in staycations.
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NewsClive Watson: ‘More pub operators will be looking to market towns’
It is likely that increasing numbers of pub companies will look to vibrant market towns for new sites as fewer people are expected to return to the office full time post-pandemic, Clive Watson, chief executive, City Pub Group has said.
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NewsVaccine passport idea dismissed by pub operators
The Prime Minister’s suggestion that vaccine passport could be used by pubs in order that social distancing rules could be scrapped early has been met with derision from leading pub operators.
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InterviewsJason Clark: ‘Delivery is now an essential channel for us’
McDonald’s scaled-up its delivery offer during the pandemic, with 15% of total customers now coming to the brand through the channel, said Jason Clark, senior vice president and chief operations officer at McDonald’s UK & Ireland.