All articles by Georgia Cronin – Page 2
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News
Alcohol duty cut being considered by Chancellor
Pubs could see alcohol duty rates cut below that of supermarkets in plans being considered by the Chancellor. Ahead of next week’s Budget announcement (3 March), prime minister Boris Johnson revealed to the Commons that a review has been carried out into the differentiation between pubs and retailers, and Sunak was “looking very closely at the findings”.
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News
Soho House eyes $3bn Wall Street float
Soho House, the Richard Caring-backed private members club concept, plans to list in New York with a valuation of up to $3bn.
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News
Shaftesbury looks to ‘revival of West End economy’
West End landlord Shaftesbury has collected less than half of owed rents for the quarter to December 2020, but has heralded the upcoming “revival of the West End’s economy” with the relaxation of restrictions in months ahead.
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News
Various Eateries ‘ideally positioned for expansion’
Various Eateries is set to pursue an aggressive post-lockdown expansion drive, with plans to “create a major leisure group” this year.
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Analysis & Insight
One in ten hospitality businesses to close without additional support
One in ten hospitality businesses will not survive without additional support through the recovery period, CGA’s Business Leaders’ Survey 2021 has found.
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News
Bok Shop to open ten sites in two years
Brighton-based fried chicken concept Bok Shop plans to open a further 10 sites in the next two years following a significant private equity backing.
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Interviews
Matt Snell: Furlough costs Gusto £50k a month
The furlough scheme is a benefit for employees, rather than businesses, and must be understood as such, MCA’s The Conversation has heard.
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News
Johnson promises ‘proper review’ into use of vaccine passports
The Government is set to conduct a review into whether so-called ‘vaccine passports’ could be used to allow people to enter hospitality and leisure venues.
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News
Sturgeon offers little clarity for Scottish hospitality
Pubs and restaurants in Scotland will have to wait another three weeks for any clarity on reopening, as First Minister Nicola Sturgeon has refused to “pick arbitrary dates” before more data becomes available.
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News
Bone Daddies launches delivery concept, opens seventh restaurant
Japanese restaurant group Bone Daddies is set to launch a new pop-up delivery brand next month.
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News
Domino’s appoints new NED
Domino’s has appointed Stella David as an independent non-executive director.
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News
Trade bodies call for ‘critical financial support’ in Budget
A major package of financial support must be revealed in the Chancellor’s Budget if many hospitality businesses are to survive through the Government’s reopening plan, sector trade bodies have said.
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Analysis & Insight
Roadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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News
Hospitality roadmap unveiled
Pubs and restaurants will be permitted to reopen outdoor spaces no earlier than 12 April, followed by an indoor reopening from 17 May, the Prime Minister has confirmed.
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Analysis & Insight
Two in five hospitality suppliers to close without Government support
The hospitality sector’s supply chain is facing collapse, placing over 300,000 jobs at risk, without immediate financial support from Government, new research has revealed.
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News
GDK to double estate in 2021
German Doner Kebab will open 47 new restaurants in the UK this year, doubling its estate and creating 1,800 jobs.
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News
Mark Davies: ‘Pubs are safer than shops’
Hawthorn CEO Mark Davies is the latest pubco boss to call on the Prime Minister to offer strong support for the sector in his upcoming reopening announcement.
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News
Rates review final report postponed until Autumn, Treasury confirms
Publication of the Government’s final business rates review report will be delayed until Autumn 2021, the Treasury has confirmed.
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News
London Mayor pledges £5m in plan to support central London businesses
London Mayor Sadiq Khan has proposed plans to invest £5m to support the eventual reopening of hospitality and retail in central London.
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News
McDonald’s sets gender and minority representation goal
McDonald’s has announced plans to improve the equality and minority representation in its senior ranks by 2030.