All MCA Insight articles in July 2020 – Page 12
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NewsHospitality Leaders Poll: Industry split over track and trace
With the industry allowed to reopen on Saturday, operators are split over whether it’s viable for them to adhere to one of the safety guidelines revealed by the government last week. One aspect of the guidelines that has sparked debate is the cooperation with the NHS track and trace scheme, with operators asked to take contact details of visitors and hold them for 21 days. Further clarity on exactly what will be required is expected later this week
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NewsShepherd Neame CEO Jonathan Neame: Sticking to the extremities of the rent debate won’t help anyone
Landlords and operators “sticking to the extremities” of the rent debate are only prohibiting their chances of finding a viable solution, Shepherd Neame CEO Jonathan Neame has said.
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NewsMitchells & Butlers: 'The fundamental strengths of our business remain'
Mitchells & Butlers has said that despite the significant financial impact of the coronavirus crisis, it is focused on emerging in a position of strength, “with the intention of continuing to build the business and outperform the industry.”
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NewsMcDonald’s to open further 800 takeaway sites, extends menu
McDonald’s will reopen a further 800 sites for takeaway next week as it looks to reintroduce several menu items.
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NewsOne in five suppliers to close without further support
One in five hospitality suppliers expect to close without further government support, a new survey by the UK Hospitality Supplier Alliance has found.
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NewsShepherd Neame secures £25m credit facility
Shepherd Neame has strengthened its financial position in securing a borrowing facility through the Coronavirus Large Business Interruption Loan Scheme.
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NewsBritish Land agrees £3m in rent waivers
British Land has agreed £3m worth of rental waivers for the June quarter, on top of £2m for the March quarter, primarily for smaller, independent F&B operators.
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NewsUKH, CGA And Yumpingo unite to boost consumer confidence
A new initiative backed by UK Hospitality, CGA and Yumpingo is looking to help rebuild consumer confidence in eating and drinking out, and give operators feedback on how they feel about their experiences of hospitality post-coronavirus. Dubbed ‘We Hear You’, the free digital platform is based on Yumpingo’s existing review platform but will ask customers for feedback on the various safety measures implemented in line with government guidelines.
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NewsWagamama to reopen with sliding screen partitions
Wagamama has announced it will reopen four sites in the coming days to trial its new sliding screen safety feature.
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NewsRevolution to reopen with test and trace booking platform
Revolution Bars will reopen six sites on 6 July with a new booking platform to support the Government’s test and trace initiative.
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NewsDishoom announces reopening plans
Dishoom has announced it will reopen four of its restaurants next week, with the rest to follow throughout July.
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NewsPizza Hut CEO Jens Hofma: Hospitality is a transcendental need
Spending time with friends and family in a hospitality setting is a transcendental need and that won’t change because of the coronavirus crisis, MCA’s The Conversation has heard.
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NewsUK Hospitality CEO Kate Nicholls: “Local lockdown” a misuse of terminology
The government’s proposed next stage of reactive, local lockdowns will not force full business closures, UK Hospitality CEO Kate Nicholls has said.
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NewsCapdesia backs Marugame Udon Europe JV
Global noodle brand, Marugame Udon, will launch in London next year as part of a newly formed a joint venture between Shoryu Ramen backer Toridoll Holdings Corporation and Wasabi backer Capdesia Group.
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NewsWelcome Break boosts liquidity
Welcome Break has boosted its liquidity after repurposing £25m of a dedicated capital expenditure facility in into a revolving credit facility. Lenders to Welcome Break have also relaxed or remove covenant conditions for tests up to and including June 2021. Parent company Applegreen said it thanked the lenders for their “ongoing support for Welcome Break and the confidence they have demonstrated” in its business model.
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NewsSSP set to make 5,000 redundant
SSP has revealed plans to make 5,000 people redundant thanks to the “unprecedented impact” the coronavirus has had on the travel sector. In a trading update it said it had taken “rapid and decisive management action” in an attempt to “protect our colleagues and customers and to preserve cash and liquidity for the duration of the many government restrictions” worldwide. However, CEO Simon Smith, said despite some “early signs of recovery in some parts of the world” in the UK the “pace of the recovery continues to be slow.