All News articles – Page 10
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NewsCamden Town Brewery launches ‘beer auction’ for Hospitality Action
Camden Town Brewery has launched an auction for ‘the most valuable pint of Camden Hells,’ with proceeds going to Hospitality Action’s coronavirus emergency fund.
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Pret seeking €100m loan for post-coronavirus period
The Financial Times has reported that Pret A Manger is seeking a “€100m urgent loan from global banks” to navigate it through the coronavirus crisis. Pret CEO Pano Christou told the FT that Pret had enough cash to make it through the current lockdown but it needed funds for a “test and learn stage” to develop the operation once lockdown restrictions have been lifted.
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UKH: Million jobs at risk if Government extends social distancing without support
Unless further measures are put in place to protect hospitality businesses, an extended period of social distancing could cost up to one million jobs, UK Hospitality has warned in the Government.
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Colvin instructed by NTIA in insurance stand-off
Leading licensing lawyer Philip Kolvin QC has been instructed by the Night Time Industries Association in its stand-off with insurance companies who refuse to pay out in relation to the covid-19 lockdown.
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Honest reveals reopening plans
Honest Burgers is planning to re-open some of its sites for delivery-only as early next month, Big Hospitality reports.
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GBK and Azzurri reportedly appoint advisors
Gourmet Burger Kitchen and Azzurri Group have reportedly appointed advisors to assess their options going forward through the coronavirus crisis.
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Costa reopens select sites
Costa Coffee has become the latest operator to announce it will be reopening select sites for takeaway services.
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CMA approves Just Eat Takeaway.com merger
The Competition and Markets Authority has cleared the £6.2 billion merger between Just Eat and Takeaway.com, publishing its final decision 26 days ahead of deadline.
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Nando’s reopens seven sites for NHS initiative
Nando’s has reopened seven restaurants to provide meals to NHS key workers and charities in major cities.
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Domino’s launches employee support fund
Domino’s UK has launched a new employee support initiative, intended to provide financial aid to workers experiencing personal hardship as a result of the coronavirus pandemic.
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BBPA urges local authorities to speed up grant payments
The British Beer and Pub Association has called for local authorities to speed up grant payments after research found that pubs in several areas were yet to receive support.
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Loungers raises £8.3m through placing
Loungers has completed its its accelerated bookbuild placing process, undertaken yesterday, raising gross proceeds of approximately £8.3m.
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Williams: ‘This will be a reset of the industry’
The coronavirus crisis will prompt a “a reset of the industry,” as only restaurants that provide “genuine hospitality and good value will succeed,” Martin Williams, Gaucho and M Restaurants CEO, has told MCA.
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Gaucho & M Restaurants re-launch delivery
Gaucho and M Restaurants will be re-launching delivery operations next week for consumers in central London.
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Almost one in four consumers planning to eat out less once lockdown is over
A quick poll carried out by MCA Insight has revealed that 23% of consumers plan to eat out less once the lockdown is over. It also said a combined 64% are either “worried” or “very worried” about going to crowded pubs and restaurants once the social distancing measures are lifted. Seven percent were ‘Not worried at all’ and 19% were ‘Not worried’.
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Burger King CEO calls for compromise over rents
Burger King UK CEO Alasdair Murdoch has called on landlords to work together with F B tenants to find a solution the impasse over rents. In an open letter, Murdoch said the situation was no one’s fault, but that the leases signed pre-covid-19 did not consider the current reality ...
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McMullen: ‘We continue to pay rent when due’
McMullen, the Hertfordshire based brewer and pub operator, has waived commercial rent for tenants, but expressed disappointment over larger operators’ unilateral non-payment of rents.
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Paul re-opens seven London sites
Paul has re-opened seven has re-opened seven sites and will open a further three next week. The outlets will open between 8am and 2pm for takeaway only and it has also teamed up with Deliveroo and Uber Eats for the first time. Social distancing measures will be in place for customers, and NHS workers, care workers, the elderly and disabled customers will be prioritised. All seating has been removed, payment will be card only and no re-useable cups will be used.
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Gumbrell: ‘We want to be part of a sector that’s ready to go forward'
Kris Grumbell, Brewhouse & Kitchen CEO, tells MCA of his proposal for an EIS-inspired Government support initiative to provide industry with a much-needed investor cash injection, the importance of keeping furloughed employees engaged throughout the closure period, and how sector resilience will ensure its survival.
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Downey: Prepare for long period of closure
The idea that operators will be able to reopen their businesses in the near future has been dismissed as a “confusion of optimism”, MCA’s The Conversation has heard.
