All articles by Georgia Cronin – Page 6
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NewsMarston’s piques private equity interest
Marston’s has confirmed reports that Platinum Equity has made an initial approach to take the company private.
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Analysis & InsightData shows ‘no correlation’ between Eat Out to Help Out and rising infection rates
The Chancellor’s Eat Out to Help Out scheme has been defended by the Treasury, with new data disputing claims that the initiative led to a rise in coronavirus cases.
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NewsPheby Food Concepts Group lines up nationwide roll-out
Wok & Go parent company Pheby Food Concepts Group plans to open 170 new sites over the next five years, founder Des Pheby has told MCA.
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Analysis & InsightHospitality sales down 54% in 2020
Hospitality lost out on over half of its expected sales in 2020, with back-to-back lockdowns and ever-increasing restrictions costing the sector approximately £200m a day.
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InterviewsCharlie Gilkes: ‘We’ll take tiers over lockdown’
Whatever Government has in store for the sector beyond March, Inception Group co-founder Charlie Gilkes’ is hoping for anything but continued closure. Behind some of London’s best-known experiential late-night venues, Gilkes is of the opinion that Inception’s sites are “better off open than closed,” and though he’d rather avoid a return to regional tiering, he’d “rather that than complete lockdown.”
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InterviewsJames Horler: ‘Sector must up its game to meet new consumer standards’
The coronavirus crisis will be “habit changing” for the consumer, and restaurants, pubs and bars will have to increase standards to meet the shift in demand, Ego CEO James Horler has said.
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InterviewsNick Collins: ‘Opportunities won’t sway our strategy’
The inevitable increase in high-footfall site opportunities following the pandemic will not change Loungers’ established property strategy, CEO Nick Collins has said.
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InterviewsAlasdair Murdoch: BKUK ‘looking long and hard’ at growth opportunities
Burger King UK won’t be holding back on expansion over the next few years, and is looking to benefit from new land opportunities in the fallout of the coronavirus crisis, CEO Alasdair Murdoch has said.
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NewsRosa’s to make Birmingham debut
Trispan-backed restaurant concept Rosa’s Thai Café is the latest brand to announce opening plans in Birmingham’s Paradise project.
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InterviewsJames Horler: ‘We need public opinion to change’
The sector needs public opinion to change if it hopes to exit lockdown before Easter, MCA’s The Conversation has heard.
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NewsCafé concept Gastrono-me poised for expansion
All-day café concept Gastrono-me has initiated plans for a multi-site expansion over the next three years.
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NewsSussex-based Italian concept Rustico launches eighth site
Italian restaurant concept Rustico has launched its eighth site in Hailsham.
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NewsHospitality worst hit as UK unemployment rate rises
Hospitality workers have been worse hit as the UK’s unemployment rate rose to 5% in the three months to November 2020, new figures from the Office for National Statistics have revealed.
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NewsHotel quarantine plans to be announced today
A limited system of hotel quarantine will be announced later today, with travellers from Portugal, South Africa and Brazil likely to be first affected.
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NewsCity Pub Group ‘well positioned to emerge strongly’
The City Pub Group has secured a further £5m in liquidity through the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) as it sees sales plummet 57% year-on-year.
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NewsA.G. Barr revenues hit by hospitality lockdown
Soft drinks supplier A G Barr is expected to see revenues of £227m for the financial year 20/21, though sales have been disrupted by the closure of hospitality.
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Analysis & InsightOne in two “not confident” about returning to hospitality before vaccine roll-out
One in two UK consumers wouldn’t feel confident about returning to pubs, bars and restaurants if they were permitted to reopen imminently, CGA’s first 2021 Hospitality Consumer Forecast reveals.
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InterviewsMark Davies: ‘If tiered restrictions return we will battle against them’
If Government looks to reintroduce the “ridiculous” restrictions on pubs seen under the tiering system, the industry “will resist”, Hawthorn CEO Mark Davies has told MCA.
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Analysis & InsightLicensed premises drop by 6,000 in 2020
Nearly 6,000 of the UK’s licensed pub, bar and restaurant premises were lost last year, nearly triple the number of closures in 2019, according to the latest Market Recovery Monitor from CGA and AlixPartners. The monitor revealed that the ongoing lockdowns and pressures faced by businesses during the peak of the coronavirus pandemic contributed to a net decline of 5,975 sites in 2020. The decline represents a 5.1% contraction in the market since the end of 2019, and a 175% increase on the 2,171 drop in sites that year.
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NewsRudy’s lines up seventh site
Mission Mars-backed pizza concept Rudy’s has secured a site in Cheshire for its seventh restaurant.