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NewsDining Street goes into administration
Casual dining operator Dining Street Limited has appointed administrators, with all 147 staff made redundant.
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Papa John’s launches flexible franchising formats
Papa John’s is to introduce new flexible franchising formats for 2021 as it looks to expand its reach into new types of location.
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Will Beckett: New wave of quality and innovation will follow pandemic
Hawksmoor CEO Will Beckett has predicted the post-pandemic restaurant scene will be focussed on quality and innovation, which will see a new a generation of young, talented operators coming through the ranks.
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Researchers suggest pubs and restaurants should be shut till May
Pubs and restaurants should not reopen until May, researchers from Imperial College London and the universities of Edinburgh and Warwick have recommended.
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Azzurri Group's Steve Holmes joins the Restaurant Conference
Azzurri Group CEO Steve Holmes will give his first exclusive interview with since the Italian casual dining group was forced into a pre-pack sale next week at MCA’s Restaurant Conference.
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TRG appoints new non-exec director
The Restaurant Group (TRG) has appointed Alex Gersh as a non-executive director. He will join the board on 23 February 2021 and will become a member of both the audit and nominations committees.
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UKHospitality bangs the drum for additional support
UKHospitality has warned that businesses will not be able to survive and contribute the rebuilding of the economy unless further support is given.
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Analysts’ verdict – JDW share placing
JD Wetherspoon’s £93.7m share placement should provide a buffer against the impact of low sales upon reopening, as well as enable it to invest in new sites, as and when opportunities arise. We round-up the thoughts of analysts from Liberum, Peel Hunt and Hargreaves Lansdown on the pub operator’s latest move.
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Rudy’s lines up seventh site
Mission Mars-backed pizza concept Rudy’s has secured a site in Cheshire for its seventh restaurant.
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Thunderbird makes suburban debut
Trispan-backed fried chicken concept Thunderbird has launched its third dark kitchen.
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Banana Tree sees delivery growth from outside London
Indochinese restaurant operator Banana Tree has found that growth in delivery sales during the pandemic has increased five-fold outside the capital, director Anne Chow told MCA.
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Furlough extension under consideration
Chancellor Rishi Sunak could be considering a further furlough extension in the upcoming budget, the Telegraph reports.
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Ten Entertainment sales down 55% in 2020
Ten Entertainment Group, the 46-strong family entertainment company, has reported a 56.9% loss in sales for the 52 weeks to the end of December 2020.
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Hawthorn ‘remains bullish’ in Q3 investments
Hawthorn, the NewRiver-owned community pub company, more than doubled its planned CAPEX spend for the third quarter, and added an extra 61 sites to its investment programme.
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UK Hospitality calls for business rates holiday and VAT cut extension ahead of budget
Hospitality must be granted an extension of the business rates holiday and VAT cut if it is to contribute to the country’s 2021 recovery, UK Hospitality has said.
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Figo eyes post pandemic London
Romet Group will look to take advantage of property opportunities post-pandemic to grow its Italian restaurant Figo to 12 sites.
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SSP menus cut by up to 60% during pandemic
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
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Slow post-Covid recovery predicted for hospitality sector
The hospitality sector is expected to see some of the slowest rates of post-Covid recovery, according to the latest EY Regional Economic Forecast.
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‘Scandalous’ delay in grant support for pubs
Three in four wet led pubs (74%) are still yet to receive their Christmas grant promised to them at the beginning of December 2020.
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Red Oak Taverns acquires three pubs
Red Oak Taverns, the independent pub operator, has completed the acquisition of three pubs from Reclamation Inns for an undisclosed sum.
