All MCA Insight articles in March 2021
View all stories from this issue.
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NewsLicensed premises closing at rate of 30 per day
Almost 12,000 licensed premises have closed in Britain since December 2019, according to the latest CGA and AlixPartners Market Recovery Monitor.
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NewsTRG commits to new £500m debt facilities
The Restaurant Group (TRG) has signed commitments in relation to £500m of new debt facilities, which comprise a £380m term loan facility and a £120m super senior revolving credit facility.
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NewsAPPG for Hospitality and Tourism urges Chancellor to offer financial support
The All-Party Parliamentary Group for Hospitality and Tourism has called on Chancellor Rishi Sunak to provide decisive financial support to the sector in his upcoming Budget.
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NewsElectra in talks over Fridays franchise
Electra Private Equity is in negotiations with the American owner of Fridays about a new franchise agreement, according to The Times.
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NewsTalks held over rates relief and alcohol duty freeze
The treasury has held talks on support measures for the hospitality sector in the form an extension of the business rates holiday and a freeze on all alcohol duties, The Telegraph has reported.
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Analysis & InsightHighlights of MCA’s month-long focus on hospitality technology
Rather than convert this year’s Hostech conference into a digital event, we decided to do things a little differently.
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NewsMozza to make England debut
Neapolitan pizza brand Mozza, from the same owner as Tony Macaroni restaurants, is opening its first site in England, in Leeds.
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NewsTomahawk refutes GMB claim
Steakhouse restaurant group Tomahawk has refuted claims by the GMB Union that it is bullying its staff, after it asked its workers to lend it money to their own National Insurance and pension contributions.
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NewsGovernment has ‘failed on commercial rent’
Soaring debt due to the issue of growing commercial rent arrears remains a major barrier to the recovery of hospitality, a Government report has warned.
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NewsRestaurant market predicted to grow by a third in 2021
The value of the UK restaurant sector is expected to grow by 32.1%, to reach £11.7bn, in 2021, on the back of market contraction of 53.1% last year, according to a new report from Lumina Intelligence.
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Analysis & InsightTreasury support to go beyond current restrictions
The Treasury’s reference that it will do “whatever it takes to get business back making money again” offers a helpful hint that its support will last beyond the current restrictions, Kate Nicholls has said.
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OpinionNick Mackenzie: We are burning through £7m a week
Lockdown is costing Greene King every pub on average of £4,500 every week, which equates to £7m a week for its managed pub estate, CEO Nick Mackenzie has said.
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NewsStaggered reopening risks further 99k job losses
The delayed reopening of hospitality will cost the sector £9bn, MPs have warned the Chancellor ahead of the Budget tomorrow.
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NewsTRG debt renegotiation met with positive reaction
The Restaurant Group’s (TRG) announcement yesterday (1 March) that it had renegotiated is debt facilities has been met with positive notes from analysts.
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NewsFurlough to be extended until end of September
Chancellor Rishi Sunak will extend the furlough scheme until the end of September in today’s Budget, which is expected to include a support package in excess of £20bn.
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NewsReilley: ‘Budget the most important day in history of hospitality’
The Budget is arguably the most important day in the history of the hospitality sector, with Sunak’s support set to either provide “desperately needed hope” or “a single, devastating blow,” Loungers Chairman Alex Reilley has said.
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NewsSector calls for apprenticeship protections
Apprenticeship funding and youth employment must be protected if training and development of the future hospitality workforce are to be a cornerstone of the country’s economic recovery, sector leaders have said.
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NewsBurger King sets out sustainability roadmap
Burger King UK has set out a four-year roadmap towards improved sustainability, food quality and ethics, which will see the chain use 100% recycled or certified packaging by 2025.
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NewsWelsh hospitality set for additional £180m in lockdown support
Hospitality, leisure and tourism businesses affected by ongoing coronavirus restrictions in Wales could see an additional £180m in extra support, the Welsh Government has announced.
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InterviewsKris Gumbrell: ‘People will churn the bottom of their estates for cash’
“I don’t foresee good quality managed houses becoming available any time in the near future,” Kris Gumbrell, chief executive, Brewhouse & Kitchen told listeners to MCA’s The Conversation.