All articles by Georgi Gyton – Page 99
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NewsFour week delay to restriction unlocking
The government’s proposals to ease all remaining restrictions on 21 June is to be delayed by four weeks, Prime Minister Boris Johnson is expected to announce later today (14 June).
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NewsProposals being considered to ring-fence historic debt
Government officials are considering proposals to ring-fence the historic debt built up by hospitality businesses during the pandemic.
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NewsCaffé Nero directors took 35% pay cut in first lockdown
The directors of Caffé Nero took a 35% pay cut from April 2020, during the first lockdown, in order to try and preserve liquidity in the business, accounts to the company’s latest accounts for the year ended 31 May 2020.
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NewsGovernment considering four-week delay to restriction easing
Government ministers are considering pushing back the 21 June roadmap date by up to a month in order to give businesses more certainty and to allow more time for people to have received two vaccinations.
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NewsFuller’s appoints new FD from Domino’s
Fuller’s has appointed Neil Smith as its new finance director.
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NewsWhitbread adds two Bar + Blocks to estate
Whitbread is to open two further Bar + Block venues, its high street steakhouse business, taking its portfolio to 17 sites.
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InterviewsItsu: ‘We now have both eyes outside London’
Itsu’s chief executive Ganan Kanagathurai is relatively mild-mannered compared to the gregarious, outsized personality of the group’s founder, Julian Metcalfe, which might explain why his promotion more than a year ago slipped under the radar.
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NewsMay brought ‘unspectacular return’ to indoor trading, with sales down 26%
Managed pub, restaurant and bar groups in Britain recorded a 26% drop in sales for May 2021, compared with the same month in 2019, according to the latest Coffer CGA Business Tracker.
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InterviewsArc Inspirations: ‘We’ve been surprised at the competition for sites’
There is a surprising amount of competition between operators for the best sites, Martin Wolstencroft, chief executive of Arc Inspirations has found.
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InterviewsChilango: ‘We’d like to have a further 30 sites by 2025’
Mexican-inspired chain Chilango is aiming to open a further 30 restaurants by 2025, managing director Richard Franks has told MCA.
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InterviewsRent debt issue showing positive signs of development
Recommendations being put forward to government on how to tackle the growing issue of rent debt are broadly in line with what UKHospitality and its members have been asking for, according to its director of strategic affairs Tony Sophoclides.
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Analysis & InsightConfidence in pub sector is growing, says ONS
The percentage of pub and bar operators who had “high confidence” in their business surviving the next three months is growing, pushing past the 20% mark for the first time since November last year.
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NewsChilango appoints new head of people
Chilango has appointed Carrie Bowers as its new head of people and culture.
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NewsGreggs appoints new non-exec
Greggs has appointed Mohamed Elsarky as an independent non-executive director, with effect from 21 June 2021.
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NewsSSP expects pre-Covid revenues to return by 2024
SSP has said it had delivered “a resilient performance” over the six months to 31 March 2021, despite revenue being down 78.8% at constant currency rates, to £256.7m.
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InterviewsRekom UK: ‘We’ve opened our nightclubs as nightpubs’
Rekom UK has reopened the majority of its nightclub venues as ‘nightpubs’ due to increasing nervousness that the 21 June roadmap date would be delayed, chief executive Peter Marks told MCA’s The Conversation.
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NewsFears grow over ‘smoke and mirrors’ reopening
Lockdown laws could be replaced with restrictive guidance later this month, in what has been described as a ‘smoke and mirrors’ reopening.
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NewsCamile Thai in US dark kitchen partnership
Camile Food Group has partnered with US ghost kitchen operator Kitchen United MIX, in order to launch its Camile Thai brand in the United States.
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NewsDrake & Morgan receives approval for CVA
Drake & Morgan has secured approval to enter a Company Voluntary Arrangement (CVA), with 90% of creditors voting in favour of the proposals at a meeting last week.
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InterviewsM&B’s Bob Ivell: ‘I wouldn’t have wanted to do anything else’
Bob Ivell says he is often asked by friends why he hasn’t retired by now. For the Mitchells & Butlers (M&B) non-executive chairman, the answer is simple: ‘We have +1,700 of the best pubs and restaurants in the UK – why would I want to?’