All news articles – Page 314
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NewsBarkby Group adds to pub portfolio
The Barkby Group’s hospitality arm has entered in a new six-year lease agreement for The Ebrington Arms in Gloucestershire.
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NewsElectra names new parent company for hospitality brands
Electra Private Equity has announced that Hostmore plc is the name of the new parent company for its hospitality brands TGI Fridays and 63rd+1st.
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NewsTrade bodies urge Prime Minister to delay rates payments
Hospitality trade bodies including UKHospitality, the British Beer & Pub Association, the British Institute of Innkeeping and CAMRA, have called on the Prime Minister to delay rates business rates payments in light on the delay to the roadmap for reopening.
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NewsCBRE appointed to sell £21.6m collection of Marston’s pubs
Global real estate advisor CBRE has been appointed by Aviva Investors to sell a collection of pubs let to Marston’s, worth £21.6m.
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NewsBan on commercial evictions extended till 2022
The ban on landlords evicting commercial tenants is to be extended till 2022, following the announcement by the Prime Minister earlier this week that there would be at least of four-week delay to the previously proposed roadmap.
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NewsYO! prepares for London listing
YO! is changing its name to The Snowfox Group as it makes plans for a stock market listing.
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NewsHop Vietnamese founder hopes to build back business through raise
Hop Vietnamese has just embarked on a new capital raise as founder Paul Hopper looks to build the business back to its former size, he has told MCA.
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NewsOakman: Rent write-offs would be unfair
Rent debts should not be written off, as it would penalise operators that have worked hard to pay off their arrears, Steven Kenee of Oakman Group has argued.
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NewsSector needs ‘one last heave’ of support
Hospitality businesses need “one more heave” of support to make sure they get through the last weeks of restrictions, Kate Nicholls has argued.
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NewsD&D: ‘We’ve not been properly supported’
D&D London has had to plough in £15m into its UK estate during the pandemic – 10% of its annual revenue – but nothing into its US and France businesses, CEO Des Gunewardena has revealed.
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NewsBrewDog to initiate independent review of its culture
BrewDog is to enlist the services of a third party to carry out an independent review of its culture and HR practices following accusations by former employees that the brewer and pub operator fostered a toxic working environment.
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NewsFurlough extension not on the cards
The furlough scheme will not be extended despite the expected delay to ending lockdown, sourced close to Rishi Sunak have indicated.
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NewsFour week delay to restriction unlocking
The government’s proposals to ease all remaining restrictions on 21 June is to be delayed by four weeks, Prime Minister Boris Johnson is expected to announce later today (14 June).
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NewsProposals being considered to ring-fence historic debt
Government officials are considering proposals to ring-fence the historic debt built up by hospitality businesses during the pandemic.
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NewsCaffé Nero directors took 35% pay cut in first lockdown
The directors of Caffé Nero took a 35% pay cut from April 2020, during the first lockdown, in order to try and preserve liquidity in the business, accounts to the company’s latest accounts for the year ended 31 May 2020.
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NewsHear from Peter Borg-Neal and Des Gunewardena on The Conversation today
Des Gunewardena, chief executive, D&D London and Peter Borg-Neal, executive chairman, Oakman Inns & Restaurants will feature on this afternoon’s edition of MCA’s The Conversation.
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NewsGovernment considering four-week delay to restriction easing
Government ministers are considering pushing back the 21 June roadmap date by up to a month in order to give businesses more certainty and to allow more time for people to have received two vaccinations.
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NewsFuller’s appoints new FD from Domino’s
Fuller’s has appointed Neil Smith as its new finance director.
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NewsWhitbread adds two Bar + Blocks to estate
Whitbread is to open two further Bar + Block venues, its high street steakhouse business, taking its portfolio to 17 sites.