All MCA Insight articles in January 2021 – Page 8
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News
Electra to sell TGI Friday’s
TGI Friday’s UK could be put up for sale this year as private equity backer Electra looks to wind down its portfolio.
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News
Local councils accused of hoarding business grants
Local councils have been accused of hoarding hundreds of millions of pounds in government support grants intended to help businesses survive lockdown.
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News
May bank holiday rumoured for pubs reopening
Pubs and bars in England could be closed until the beginning of May, government officials have suggested.
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News
Campaign for hospitality minister receives 2k signatures
A petition calling for Prime Minster Boris Johnson to appoint a hospitality minister has received over 200,000 signatures.
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News
Pizza Express launches at-home pizza kits
Pizza Express has further diversified its at-home offer with two limited edition pizza kits.
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Analysis & Insight
Christmas drinks sales quartered year-on-year
Drinks sales in pubs, bars and restaurants still able to trade in the run-up to Christmas collapsed to just a quarter of pre-pandemic levels, according to CGA’s Drinks Recovery Tracker.
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News
Star extends 90% rent relief
Star Pubs & Bars will continue to give core leased and tenanted pubs a 90% rent reduction during lockdown.
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News
Pubs at ‘unfair disadvantage’ over takeaway rules
Pub operators have been warned they should not try to repurpose venues into off licenses in order to sell alcohol.
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News
Cloud-kitchen secures £1.47m funding
Kitchen Ventures, a cloud kitchen start-up from Rum Kitchen founder Jonny Boud, has received $2M (£1.47m) in seed funding, led by London Impact Ventures.
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News
Cosmo appoints Sierankowski COO
Cosmo, the all you can eat world buffet restaurant group, has appointed Roman Sierankowski as chief operating officer.
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News
Marston’s has ‘significant liquidity’ for lockdown
Marston’s made pub revenues of £54m in the 13 weeks ended 2 January 2021.
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News
Patisserie Valerie auditor faces £200m legal claim
The auditors of Patisserie Valerie is being sued for £200m after the café chain collapsed amid a suspected fraud.
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Interviews
Peter Marks: ‘Deltic was left hamstrung by sales process’
Peter Marks has never been one to downplay the devastation this crisis could have on his business.
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Opinion
Peter Martin: The case for positive pragmatism
Bill Gates is worth listening to. You don’t have to agree with the Microsoft and Gates Foundation co-founder, but he is often right – whether it’s about business or politics.
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News
Dom’s Subs upcycles Subway site
Artisan sandwich maker Dom’s Subs is doubling up with a new site in the City of London.
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News
M&B to explore equity raise to ease cash burn
Mitchells & Butlers is to explore an equity capital raise to increase its “financial and operational flexibility” in the face of significant lockdown cash burn.
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Interviews
Greggs CEO Roger Whiteside: ‘We’ll return to pre-pandemic growth levels in 2021’
The rate of Greggs’ growth pipeline this year will return to its pre-pandemic levels, with retail parks, central London and airports among key target locations, CEO Roger Whiteside has said.
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News
Arc Inspirations borrowed £5m “just to stand still”
Northern bar group Arc Inspirations has had to borrow £5m from lenders to survive the rolling lockdown restrictions, CEO Martin Wolstencroft has said.
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News
UKH urges members to contact MPs ahead of hospitality debate
UK Hospitality has urged its members to write letters to their local MPs calling for urgent sector support.
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News
Deltic sold for £10m
UK nightlife operator Deltic was bought out of administration by Rekom for £10m, accounts from administrator BDO have revealed.