All news articles – Page 337
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NewsHospitality businesses accuse government of failing to “add up”
Hospitality and leisure businesses have accused the government of being “unable to add up”, following the decision to put a £2m cap on the business rates discount announced in the Budget, according to The Times.
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NewsDeliveroo to launch £50m community fund
Deliveroo is offer a £50m funding pot for restaurants, riders and community groups following the launch of its IPO on the London Stock Exchange on Monday (8 March), Sky News has reported.
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NewsCaring makes ‘verbal commitment’ to continue The Ivy backing
The Ivy backer Richard Caring has indicated he would be willing to support the restaurant group should cash funding through its banks become unavailable. Following a similar commitment to Bill’s Restaurants, of which Caring is a major shareholder, the Caprice Holdings chairman made a verbal agreement to extend support until May 2021.
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NewsKanada-Ya eyes expansion
London-based ramen concept Kanada-Ya is set to open two new restaurant sites this year, alongside a new delivery-only kitchen.
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NewsPub investment market gains momentum
Coffer Corporate Leisure is expecting a “very active summer” as investors look to the stability and resilience of the freehold pub sector.
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NewsRegister to attend MCA’s Retailer’s Retailer Awards
MCA’s 2021 Retailer’s Retailer Awards will be broadcast live tomorrow (11 March), so make sure you register your interest now in attending this prestigious event.
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NewsAntic London secures seven-figure CBILS package
Pub operator Antic London has secured a seven-figure CBILS funding package through alternative SME lender ThinCats.
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NewsTossed appoints NED ahead of new openings
Healthy eating brand Tossed has appointed Ann Elliot to its board as a non-executive director.
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NewsMarston’s seeks bondholder waivers for third time
Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.
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NewsTest and trace failings a ‘major cause for concern’
Data from “hundreds of millions” of test and trace check-ins to pubs and restaurants before lockdown failed to be used by the service, Sky News reports.
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NewsHawksmoor secures £4m loan to aid liquidity through crisis
Steakhouse concept Hawksmoor secured a £4m loan to aid its liquidity through the pandemic, accounts on Companies House reveal.
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NewsState aid cap upped to £10.9m
The state aid cap on government grants has been raised to £10.9m, Paul Scully, the minister for business, consumers and labour markets has confirmed.
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NewsEl Pastor debuts in Soho
El Pastor parent company Harts Group is set to launch a new restaurant for the brand in Soho later this year.
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NewsChancellor hails Deliveroo a ‘true British tech success story’ as it confirms London float
Chancellor Rishi Sunak has hailed Deliveroo a “true British tech success story” as the aggregator confirms its intention to list on the London Stock Exchange.
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NewsJDW gearing up for pub reopening but with reduced hours
JD Wetherspoon (JDW) has earmarked 394 of its pubs for reopening on 12 April, but they are due to operate under reduced hours.
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NewsWendy’s on track for UK rollout
US fast food chain Wendy’s is on track to begin opening restaurants in the UK in the first half of 2021.
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NewsBarkby eyes post-covid pub opportunities
The Barkby Group is assessing the acquisition of leasehold pubs and anticipates further acquisition opportunities will arise as a result of the Covid-19 pandemic.
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NewsYO! appoints new group CFO
Global Japanese and Asian food group YO! has appointed Xenia Walters as its new chief financial officer (CFO). In addition she will join the board as an executive director, with both roles effective from 8 March.
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NewsBill’s reviews loss-making sites
Bill’s Restaurants continues to have the backing of major shareholder Richard Caring, who has indicated he would be willing to support the group should cash funding be required, if this was not available through its banks.
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NewsRevolution anticipates ‘rapid rebound’
Revolution Bars Group plans to reopen 20 of its bars on 12 April, when hospitality is able to trade outside, and the entire 66-strong estate on 17 May.