All news articles – Page 317
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Uncertainty remains over 21 June roadmap date
The hospitality sector is calling for the government to stick to its 21 June roadmap date amidst concerns raised by scientific advisers that it should be delayed in order to avoid a potential third wave of coronavirus cases.
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MCA’s June issue – available to read now
Don’t miss MCA’s June digital edition, which is available to read now.
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Market Halls launches CVA
Market Halls, the London-based food market hall operator, has launched a Company Voluntary Arrangement (CVA) proposal for four group entities.
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One in four yet to reopen
One in four (23.7%) of Britain’s restaurants, pubs, bars and other licensed premises have yet to reopen despite the return of inside service, new Market Recovery Monitor research from CGA and AlixPartners reveals.
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New rates payments will create ‘major economic drag’
Businesses in England have been warned that new business rates bills are expected to land in the coming weeks with payments kicking in from 1 July.
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Caffe Nero ‘cashflow positive for six months’
Caffè Nero has reported a sharp increase in sales over the past 13 weeks to close its financial year (31 May, 2021).
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Andy Hornby: TRG ‘seriously expanding’ Brunning & Price
The Restaurant Group (TRG) plans to near double the number of Brunning & Price pubs following its £175m recapitalisation, chief executive Andy Hornby has told MCA.
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Kitty Hawk and Lino enter administration
Wright & Bell Limited, the company that operates Kitty Hawk and Lino, has appointed Quantuma as administrators.
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M&B announces boardroom changes
Mitchells & Butlers has announced that Ron Robson, deputy chairman and nominated representative of the group’s largest shareholder, the Odyzean Group, will be retiring from the board at the end of July.
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#BeKindToHospitality pushing to be national campaign
A campaign for customers to #BeKindToHospitality has been gaining national support as more of the sector reopens for drinkers and diners.
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Live music trial showed no increased risk of transmission
A live music event trial carried out in Spain found no reports of virus transmission, suggesting that indoor events can take place without increasing the risk of new coronavirus cases.
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Hawksmoor: ‘Hospitality is lacking spontaneity’
The growing expectation by customers that they need to book in advance is contributing to the current lack of spontaneity in hospitality, Hawksmoor co-founder CEO Will Beckett has said.
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Fulham Shore sees sales up for first week indoors
Fulham Shore saw group revenues at around 103% of the levels seen in a similar week in 2019, during its first full week of indoor trading, with like-for-like sales at around 92% of their levels two years’ ago.
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Pubs expecting to serve 21 million fewer pints over Bank Holiday
Pubs in Britain are expected to serve half the number of pints over the coming bank holiday weekend than usual – estimated to be around 21 million pints, according to the British Beer & Pub Association (BBPA).
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June 21 date hangs ‘in the balance’
The government’s aim to end all restrictions by 21 June is “in the balance”, according to a leading scientific adviser, with ministers wanting more time to make a decision.
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Sessions rolls out delivery brands
Food hall incubator and accelerator business Sessions has rolled out early-stage food brands to some 35 locations since restrictions eased.
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Pat Val appoints CFO
Patisserie Valerie has promoted Jenni Hughes-Ward to group chief financial officer.
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Hawthorn appoints chairman
Hawthorn, the community pub company, has appointed Colin Rutherford as chairman.
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Oakman ‘ready for further growth’
The Oakman Group has reported an EBITDA loss for 2020 of £2.6m and a total loss of £13.9m.
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Growing optimism amid returning footfall
Shaftesbury, the Real Estate Investment Trust, has reported more than 90% of its food & beverage operators have reopened their doors since indoor dining returned on 17 May.