All MCA Insight articles in May 2020 – Page 5
-
News
Editor’s Opinion - An uncertain future
The 4th of July is the perfect day for a grand reopening. The date is embedded in the mind as one that represents spirit, freedom and celebration. Of course it has different connotations for the UK compared to the US, which spends the day celebrating banishing the British back in 1776, but that’s ancient history and we are all friends now. Who doesn’t love Donald Trump?
-
News
Debt enforcement moratorium still needed - MCA poll
More than half of operators, (54%) said that their landlord had refused to offer any concessions, with an additional 34% saying that negotiations were ongoing, according to the latest weekly Hospitality Leaders Poll by MCA Insight/HIM. The results highlight further the need for a debt enforcement moratorium, one of the key pillars of Hospitality Union’s original six-point action plan, to give both commercial tenants and landlords breathing space against litigation.
-
Interviews
Hickory’s: ‘We’re fortunate we’re not on the high street’
Hickory’s Smokehouse will be in a “fortunate position” when operators are allowed to reopen sites for dine-in, managing director John Welsh has told MCA.
-
News
Luke Johnson: Lockdown will kill more than virus
Gail’s Bakery backer Luke Johnson believed the lockdown will cause more deaths than the coronavirus itself.
-
Analysis & Insight
J.P. Morgan on the UK pub sector
Although PM Boris Johnson’s speech on Sunday appeared to create more confusion around broader re-opening plans, hopes have been raised about select openings at some point in July for the broader “hospitality” industry. While we are unsurprisingly left with more questions than answers, we thought a quick piece was merited to highlight our views, recent investor feedback, what we’re watching for re-openings, and some incremental news in the last two weeks.
-
Interviews
Morgan Davies: ‘The rules of the game haven’t just changed, the game has changed’
The hospitality industry needs to reinvent itself in order to survive in a post-coronavirus world, Morgan Davies, Barburrito founder and CEO has told MCA.
-
Opinion
Dominic Walsh: Rent, Landlords, and Wild Times at Dominos
For years, Domino’s Pizza was a cash machine for all involved. Management notched up some serious bonuses and incentives by delivering the goods year after year, while long-standing shareholders such as Nigel Wray and Colin Halpern, who is also the group’s vice chairman, coined it as the share price rose inexorably. Also happy were the franchisees, many of whom went from pizza maker to millionaire entrepreneur in as long as long as it took to establish their new shop – not a lengthy process in those days.
-
News
Ted Schama: A war cry for reinforcements
Hooray, hospitality will be reopening in July. The nation can rejoice.
-
News
Two years before profits return to pre-virus levels - MCA poll
Over half of restaurants and food to go operators think it will take over a year to return to pre-coronavirus levels of profitability, according to the latest Hospitality Leaders Poll by William Reed’s specialist insight division MCA Insight/HIM. Some 55% of respondents, all of whom are either founders or board level executives, predicted it would take between 13 and 24 months to get back to the profits they were making before the crisis, with one operator suggesting that could only happen if they were “able to open to capacity”.
-
News
Costa opens next tranche of stores
Costa Coffee is opening an additional 31 drive-through and 15 takeaway sites today, after receiving “great feedback” from our store team members and customers.
-
News
Greene King Pub Partners signed up to BII
Greene King Pub Partners is paying for 800 tied tenants to become members of the British Institute of Innkeeping (BII).
-
News
Amazon/Deliveroo platform will ‘substantially decimate margins’
Deliveroo have been a major part of the destruction of the restaurant industry and demise of the high street, All Our Bars CEO Paul Wigham has said.
-
News
Stonegate announces support for Ei Pub Partners
Stonegate Pub Company has revealed details of a multimillion-pound support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business.
-
Opinion
Peter Martin: Why being first isn’t always best
The good news about hospitality having to wait until at least 4 July to start reopening is that it gives operators another month to prepare and plan. It will be valuable time, not just to hone operational protocols and procedures, but to see how the wider economy starts to function, or not, after its 1 June restart date.
-
News
Greene King to launch takeaway service
Greene King is set to launch a ‘pub grub’ delivery and takeaway service from a number of its London sites next week.
-
Interviews
Star: ‘Great opportunity’ for pubs in the future
Further grant support from the Government will be needed if pubs are to open under any kind of restrictions, Star Pubs & Bars managing director Lawson Mountstevens has told the Morning Advertiser.
-
News
Government to support suppliers through trade credit insurance guarantee
The Government has announced that it will provide a short-term guarantee to trade credit insurers, confirming the majority of business-to-business insurance coverage will be maintained.
-
News
UKH: Two-metre distancing rule for ‘sustained colleague contact’
When hospitality spaces are allowed to reopen, the two-meter social distancing rule will not strictly apply on an individual to individual basis, Kate Nicholls, UK Hospitality CEO has said.
-
News
Brighton Pier Group sets out cash conservation measures
The Brighton Pier Group has announced the implementation of a number of measures to conserve and raise cash through the coronavirus closure period.
-
News
Trade bodies call on insurers to meet obligations for pub sector
Hospitality trade bodies have called on the Association of British Insurers to agree to a meeting to discuss further support for pubs and breweries affected by the coronavirus crisis.