All MCA Insight articles in May 2021 – Page 4
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NewsGiggling Squid: ‘We agreed rent concessions for almost all sites’
Giggling Squid successfully negotiated with the majority of its landlords, agreeing terms for short rent holidays with “almost all of them”, according to chief executive Andy Laurillard.
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InterviewsYoung’s: ‘It’s the right time to sell our tenanted business’
The decision by Young’s to divest its tenanted division Ram Pub Company is actually part of the pub operator and brewer’s growth strategy, “if it comes to fruition”, chief executive Patrick Dardis has told MCA.
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NewsMajority of operators’ hopeful for better than average summer
Two thirds of hospitality leaders (66%) expect better-than-average summer trading if the lifting of pandemic restriction goes to plan, the latest Hospitality Leaders Poll has found.
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NewsAnalysts optimistic about Marston’s trajectory
Marston’s is expected to enjoy an upward trading trajectory as Covid restrictions are lifted, analysts have concluded following yesterday’s half-year results announcement.
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NewsIsland Poké teams up with GDK franchisee on new site
Island Poké has opened its first franchise site – a kiosk in Camden Market – on the back of a cash injection from hospitality investor, and global master franchise for German Doner Kebab (GDK), Hero Brands in March this year.
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InterviewsM&B: ‘If we can’t trade, government support must continue’
Mitchells & Butlers’ (M&B) chief executive Phil Urban, said he would rather trade with some restrictions for longer, rather than have stop-start trade if local lockdowns were to be imposed due to the Indian variant of Covid-19.
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NewsAdnams expects return to full rents later this year
Brewer and pub operator Adnams has said it is keeping “a weather eye” firmly on the long-term future of its pubs and their tenants, and anticipates pubs returning to paying full rent later this year, provided there are no further regional or national lockdowns.
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NewsYoung’s sees revenue down 30% but confident about the future
Young’s saw group revenue fall by around 30% on the previous year, for the 52 weeks to 29 March 2021, from £311m in 2020, to £90.6m.
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NewsGiggling Squid: ‘We’ve had geography and cuisine type on our side’
The location of Giggling Squid’s estate in smallish cities and the suburbs of larger urban areas has been a huge bonus during the pandemic – alongside the portability of its dishes, according to co-founder Andy Laurillard. Speaking on MCA’s The Conversation, he explained that the business had managed to remain ...
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OpinionDominic Walsh: Bold moves in a pandemic
Sometimes you need a bit of luck in life. When I started my first job in journalism, as a reporter on what was then called Caterer & Hotelkeeper magazine, little did I know that the third person I was introduced to when I was taken on a tour of the office to meet my new colleagues would become my wife and the mother of my children.
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NewsYoung’s explores tenanted sale
Young’s has confirmed that it has appointed Savills about a potential sale of its tenanted estate.
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NewsBurger King adds 17 sites to company-owned estate
Burger King UK has acquired Romford-based Burger King franchise business Zing Leisure Limited, in a deal which sees 17 sites added to its company-owned portfolio.
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NewsSamúelsson joins Tasty board
Tasty, the owner and operator of Wildwood restaurants, has appointed Harald Samúelsson joins Tasty boardas an independent non-executive director.
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Analysis & InsightWorkforce begins bounce back
The jobs market is showing early signs of recovery, which suggests hospitality is building back its workforce.
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NewsGordon Ramsay plans 10 more by summer
Gordon Ramsay Restaurants is planning to open another 10 sites in the UK by the summer, following the appointment of Antony Perring as chief financial officer.
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NewsEvent trial raises hope
Large events without masks and social distancing could be as safe as going to a restaurant or shopping centre, government trials suggest.
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NewsJune 21 easing plan in ‘disarray’
Plans for easing social distancing rules have been “thrown into disarray” by the Indian variant, a government source has told The Telegraph.
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NewsLaine Pub Co: ‘We have learnt a heck of a lot about food’
Laine Pub Company shifted its operating model to become more food-focused during the pandemic – almost out of necessity, chief executive Gavin George told MCA’s The Conversation.
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NewsM&B in ‘strong competitive position’
Mitchells & Butlers made a loss before tax of £200m in the half year to 10 April, with only 14 weeks of restricted trading permitted during the period.