All articles by Georgia Cronin – Page 39
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NewsRevolution raises £15m in share placing
Revolution Bars Group has raised £15m its share placing launched earlier today.
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NewsOperators announce next wave of reopenings
Dishoom and Crussh are among the latest operators to open their doors this week, whilst the reopening programmes of Loungers, Turtle Bay, Franco Manca and more have started to pick up momentum. Of the larger to-go operators, KFC, McDonald’s and Costa have reached reopening milestones this week, whilst Greggs announced a significant acceleration in its reopening plans.
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InterviewsLoungers CEO Nick Collins: ‘Delivery isn’t something our customers would enjoy’
Despite the raft of operators choosing to introduce delivery as an alternative revenue stream through recovery, it’s not a route Loungers is going to take, CEO Nick Collins has told MCA.
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NewsGreene King expands takeaway outside London
Greene King is expanding its new delivery and takeaway service to its pubs across the country.
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InterviewsCreams MD Othman Shoukat: ‘Hospitality must diversify and redefine its business models’
The coronavirus crisis has served to accentuate disruption the hospitality industry was already facing, and now businesses must redefine themselves accordingly, MCA’s The Conversation has heard.
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Analysis & InsightOne in two operators to have 80% of sites open by September
Almost half of hospitality operators expect to have more than 80% of their estate open by September this year, the latest insight from CGA has revealed.
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NewsTRG to close up to 120 sites
The Restaurant Group is to permanently close between 100 and 120 of its leisure brands sites.
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NewsSSP raises £11m in share placing
SSP Group has raised gross proceeds of approximately £11m through a share placing.
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NewsYoung’s: ‘Our pubs will reopen in August, but sales won’t normalise until FY22’
Young’s expects to have the majority of its 276 pubs reopened by 3 August, but has said that sales will not return to normal levels until FY22 “when this unprecedented period is at an end.”
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NewsLoungers: ‘We will trade profitably post-lockdown’
Loungers has said that it plans to reopen the majority of its sites in July, being well positioned to trade profitably in a post-lockdown environment.
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NewsUK Hospitality CEO Kate Nicholls: Flexible furlough needs ‘clear and clever management’
Operators looking to utilise flexible furlough will need to adopt clear and clever management in juggling workers and shift patterns, UK Hospitality CEO Kate Nicholls has said.
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NewsJust Eat launches legal and food safety advice service
Just Eat has partnered with legal services specialist Markel Law and food safety experts NSF to provide free online advice to its restaurant partners.
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NewsHollywood Bowl ‘remains well positioned for growth’
Hollywood Bowl Group has said it remains well positioned to carry out its growth strategy despite the ongoing impact of the coronavirus.
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NewsFuller’s approves £100m CCFF loan
Fuller’s has approved the issue of commercial paper under the Covid Corporate Financing Facility (CCFF) for an initial loan of £100m.
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NewsKFC reaches 700 reopened store mark
KFC has said that as of last week, it has reopened 700 of its 950 stores in the UK and Ireland.
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NewsGovernment to publish code of conduct on rent
The Government is working with businesses and trade bodies to produce a code of conduct on commercial rent payments.
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NewsCDG in sales talks having received “strong expressions of interest”
Casual Dining Group is in preliminary sales talks with multiple parties having “received strong expressions of interest.”
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NewsSector sees next wave of reopenings
McDonald’s, Greggs and Pret have all announced substantial reopenings this week as they continue to pursue a phased recovery of their large-scale estates. In casual dining, Nando’s, Pizza Express, Tonkotso and Thaikun have opened further sites.
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NewsCamden Market to reopen with 80% F+B traders
Camden Market is set to reopen next week with 80% of its F+B traders.
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NewsPapa John’s sees ‘best sales period in company’s history’
Papa John’s has seen “the best sales period in the company’s history” due to the unprecedented demand caused by the coronavirus crisis.