All MCA Insight articles in March 2020 – Page 5
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Brewdog to deliver school lunches free
In response to the increasing self-isolation caused by the COVID-19 pandemic, various operators and suppliers from across the hospitality industry have launched community support initiatives to alleviate pressure on health workers and assist the most vulnerable.
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Harri launches free recruitment portal
As operators were forced to close their sites following Friday’s Government instruction, hospitality solutions companies Harri Hospitality and Access Hospitality have launched new services to help the industry adapt to the restrictions.
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Chestnut launches community initiatives
Chestnut Group has announced a range of upcoming initiatives to support its East-Anglian community during the temporary closure period. In line with Government instruction, the 11-strong restaurant and bar group ceased operations in its sites as of Friday (20 March) but has since announced a list of new services that ...
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Hawthorn Leisure parent company “well prepared” for pub closures
Hawthorn Leisure parent company New River has said it is “well prepared” to deal with the prospect of a prolonged loss of income from its pub portfolio.
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St Austell – ‘Government support will enable us to secure hundreds of jobs’
Responding to Friday’s Government announcement detailing its Employee Retention Scheme, Kevin Georgel, St Austell Brewery CEO, has said it “came as both a huge relief and an enormous reassurance to the industry.”
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Fulham Shore confident it will thrive again on return
Franco Manca and Real Greek operator Fulham Shore is confident it will thrive once the market returns to normal.
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Jobs retention scheme hailed as ‘lifesaver’
The Coronavirus Jobs Retention Scheme has been hailed as an “extraordinary measure” by the government to keep millions of hospitality staff on the payroll – though it was warned it could be rendered meaningless if a forfeiture moratorium is not achieved this week.
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Fuller’s in a ’strong financial position’ to weather crisis
Fuller’s is in a “strong financial position”, with an excellent relationship with its banks, a healthy balance sheet and significant liquidity headroom.
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McDonalds, Nando’s and Pret among brands to close entire estate
McDonalds, Nando’s and Starbucks are among a list of operators that have announced estate-wide closures following Friday’s Government announcement.
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Industry steps up calls for lease forfeiture moratorium
Following the Government’s emergency legislation last week preventing landlords from evicting tenants for at least a three month period, the Hospitality Industry is calling for similar action for commercial businesses.
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Pret to close all stores
Pret a Manger has just announced it will be closing all its 400 UK stores from this evening.
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Cafes, pubs, bars and restaurants told to close
As hospitality is put on lockdown, chancellor Rishi Sunak has announced a number of measures to protect jobs and businesses throughout the coronavirus pandemic. Under ’The Coronavirus Job Retention Scheme,’ the Government has pledged to cover 80% of employee wages, to extend the interest-free period for loans from six to twelve months, and defer VAT payments until the end of the financial year.
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Uber Eats launches support initiatives for independent restaurants
Uber Eats will be waiving activation fees to help new independent businesses wanting to join the platform amid the coronavirus pandemic.
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BRG closes Ed’s and Giraffe, Slim Chickens still open
Boparan Restaurant Group, the operator behind Giraffe, Ed’s Easy Diner and Slim Chickens, has announced the closure of all sites under its Giraffe and Ed’s brands.
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The NTIA calls for ‘Big Freeze’
The NTIA has called for a complete freeze of the economy in an open letter to the Government released today.
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Vapiano applies for insolvency
Vapiano has opened insolvency proceedings and will apply for government assistance programs to avoid bankruptcy, blaming the coronavirus crisis for a further drop in sales.
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Loungers, Fuller’s and BRG announce closures, to-go transitions continue
Loungers is the latest operator to announce an estate-wide temporary restaurant closure due to the impact of COVID-19, and Fuller’s will close all London pubs.
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Burnham: ‘Government has done least for the people who need help most’
Chef-patron Angela Hartnett has joined calls for a rent-free period and a support for hospitality staff after being forced to close her four restaurants in London.
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JDW: ‘If pubs shut, the levels of Government support won’t matter’
Wetherspoon plans to keep pubs open “even under extreme duress,” as chairman Tim Martin warned that should they shut, the levels of Government support for employees will be inconsequential to job losses.
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Senior CEO: ‘Our view is people should boycott rent’
Senior directors are considering boycotting rent amid a wave of mass closures to hit the restaurant and bar sector, MCA understands.