All MCA Insight articles in July 2020 – Page 4
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Analysis & InsightHospitality loses £30bn in sales through lockdown
As a result of the coronavirus crisis, Q2 sales across the hospitality industry plummeted by 87% compared to the same period last year, the latest tracker from UK Hospitality and CGA has found.
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NewsGreggs sales reach 72% of pre-coronavirus levels, sees loss in first six months
Greggs has reported sales reached 72% of 2019 levels last week, as it registered a loss for the first six months of the year.
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NewsBBPA: Calorie labelling will harm pub recovery
Mandatory calorie labelling on food and alcohol will harm pubs and brewers as they attempt to recover from the coronavirus crisis, the British Beer and Pub Association has warned.
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NewsDishoom launches delivery-only kitchens
Indian restaurant concept Dishoom has launched four delivery-only kitchens across London.
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NewsTootoomoo partners with Soar Group for franchising
Pan-Asian concept Tootoomoo has signed a franchise agreement with Costa Coffee and Pizza Hut operator Soar Group, with the first opening taking place in North-West London later this year.
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NewsHawksmoor extends EOHO with own promotion
Hawksmoor has signed up to the Eat Out to Help Out Scheme, combining the discount with its own offer.
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NewsCalorie count requirement for large operators
The government has confirmed it plans to introduce legislation to require large restaurants, cafes and takeaways with more than 250 employees to provide calorie counts on labels and menus.
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NewsCreams reports strong start to FY21
Dessert Café brand Creams has reported a successful start to the financial year despite the impact of the coronavirus lockdown.
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NewsNando’s boosts welfare standards and aims for zero carbon emissions
Nando’s is making sweeping changes to improve the welfare of its chickens as well as the overall sustainability of its business. Nando’s already used fresh Red Tractor assured chickens and will continue to do so, but has now signed up to the Better Chicken Commitment, which means implementing higher standards of welfare in its supply chain by 2026, including not using chickens reared in cages or multi-tiered systems.
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NewsGousto to add 1000 jobs amid sales surge
Food box business Gousto is to create a thousand new jobs after doubling sales since the start of the year.
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Analysis & InsightLarge majority feel safe in pubs and restaurants
An overwhelming number of consumers (94%) who have visited pubs, restaurants and bars in England in the two weeks since reopening were satisfied with the safety steps in venues they visited, with 96% being likely to recommend a visit to friends and family.
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NewsHugh Osmond: High street chains have ‘no future’
High street casual dining chains have “no future” after coronavirus, according to the Hugh Osmond, who helped build Pizza Express into the UK’s first major restaurant chain.
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NewsStonegate sells £1.2bn in bonds
Stonegate Pub Company sold £1.2bn of bonds on Friday to finance its takeover of Ei Group.
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NewsCity Pub Group trading profitably after three weeks
City Pub Group has reported total sales for the three-week period since 4 July were £1.8m.
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NewsTrade improves two weeks post-lockdown
Pub, bars and restaurants open in England have said sales improved in the second week after the lockdown was lifted as more sites reopened, according to the latest Coffer Peach Business Tracker. Like-for-like sales remain well down on pre-coronavirus levels, with sales down 31.6% on last year, but that still represents and improvement on the 39.8% level recorded in the first week back. Some 60% of group-operated sites were open for indoor eating and drinking, up 55% trading during the first week.
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Analysis & InsightThe rise and fall of Coffeesmiths Collective
One of the more intriguing growth stories of the past ten years, Coffeesmiths Collective is the latest business to begin insolvency proceedings, as parts of the business enter liquidation.
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NewsMarston’s/Carlsberg JV delayed
Completion of the merger of Marston’s brewing company and Carlsberg UK will be delayed pending a review by the Competition and Markets Authority (CMA).
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NewsWhitbread to cut 250 jobs
Whitbread may cut 250 head office jobs as part of a proposed restructuring, the hotel and restaurant operator has announced.
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NewsGreene King makes £2m in loans to free-trade pubs
Greene King has made £2m in support loans available to its 6,500 independent free-trade pubs.