Georgia Cronin has been a news reporter at MCA since 2019 after graduating with a first class Masters degree in English and critical thinking . As well as covering the news she also writes interviews with leading industry figures, issues-based longreads and news analysis.
- Analysis & Insight
One in three hospitality operators plan to maintain a focus on digital channels and will continue to invest in them post-pandemic, according to the latest Hospitality Leader’s Poll from Lumina Intelligence.
The Ivy backer Richard Caring has indicated he would be willing to support the restaurant group should cash funding through its banks become unavailable. Following a similar commitment to Bill’s Restaurants, of which Caring is a major shareholder, the Caprice Holdings chairman made a verbal agreement to extend support until May 2021.
Data from “hundreds of millions” of test and trace check-ins to pubs and restaurants before lockdown failed to be used by the service, Sky News reports.
Steakhouse concept Hawksmoor secured a £4m loan to aid its liquidity through the pandemic, accounts on Companies House reveal.
Chancellor Rishi Sunak has hailed Deliveroo a “true British tech success story” as the aggregator confirms its intention to list on the London Stock Exchange.
The closure of dine-in throughout the pandemic has caused potential franchise partners to show enhanced interest in quick service restaurant operations, and created additional opportunities for businesses looking to expand, Chopstix managing director Jon Lake has said.
Hospitality, leisure and tourism businesses affected by ongoing coronavirus restrictions in Wales could see an additional £180m in extra support, the Welsh Government has announced.
The Budget is arguably the most important day in the history of the hospitality sector, with Sunak’s support set to either provide “desperately needed hope” or “a single, devastating blow,” Loungers Chairman Alex Reilley has said.
Urban Pubs & Bars lost out on £2.5m in sales in the first month of the March lockdown, and incurred a significant shortfall in profit due to its inability to mitigate costs immediately at the point of closure.
The Inn Collection Group saw a year of record growth in 2020. Throughout the year, the Alchemy-backed business acquired eight freehold properties, bringing its total estate to 19 sites, and managing director Sean Donkin tells MCA that it was able to grow so aggressively because of one major contributing factor: the pandemic. “It has enabled us to focus on acquiring new sites and made additional opportunities available,” he says. “But it’s not necessarily because of people going under, it’s people running out of puff and fight”.