All news articles – Page 357
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NewsEverards at the ‘precipice of losing many pubs for good’
Regional pub operator and brewer Everards has been “effectively closed down” by the government’s tier system.
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NewsDodo scopes new sites ahead of Leamington launch
Dodo Pizza, the Russia-founded delivery operator, is targeting a number of new openings for 2021, as it prepares to launch a new site under a revamped concept later this month.
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NewsCocotte opens fourth London restaurant
French rotisserie restaurant concept Cocotte has opened its fourth London restaurant in Queens Park.
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NewsMarston’s waivers request approved by noteholders
Marston’s request to the holders of its secured class A notes for a number of further technical waivers during the first half of 2021 has been approved. In an announcement to the London Stock Exchange last month, the pubco formally requested the waivers as a precautionary measure following the renewed lockdown restrictions introduced in Wales and England.
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NewsNOVEMBER 2020
This month, MCA brings you comment from Peter Martin and Dominic Walsh. We also have interviews with Young’s CEO Patrick Dardis and Meatliquor co-founder Scott Collins, analysis of the deal between Nando’s and Wahaca, and we take a close look at Five Guys and Nando’s…
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NewsPolpo’s Richard Beaty buys back remaining sites
Polpo co-founder Richard Beatty has bought the restaurant group’s last two remaining sites, including its debut venue, out of administration.
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NewsTim Martin sells £5m of shares
JD Wetherspoon chairman Tim Martin has sold £5m worth of shares in the company.
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NewsCaffè Nero founder pledges £5m ‘survival fund’ to see it through CVA
Caffè Nero founder Gerry Ford is pledging a £5m ‘survival fund’ to see the struggling coffee chain through its financial restructuring, Sky News reports.
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NewsUKH calls for new sector support fund following Tesco grant repayment
UK Hospitality has called on the government to establish a Hospitality and Tourism Recovery Fund to support businesses without grant support and at risk of closure.
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NewsBrains to close more than 100 pubs due to Wales alcohol ban
Welsh pubco and retailer SA Brains will close more than 100 managed pubs from Friday, chief executive Alistair Darby has said.
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News27% of pubs reopen post-lockdown
Just 27% of pubs in Britain were able to attempt reopening today (2 December), with many fearing they could close again in less than a week if they are unviable under tier 2 restrictions.
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NewsPrezzo acquired by Cain International
Private equity firm Cain International has acquired Prezzo from previous owners TPG as a going concern.
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NewsWales sees post-lockdown footfall surge
A surge in footfall since the end of Wales’ firebreak lockdown last month could be positive news for pubs and restaurants set to exit lockdown today in England, according to Wireless Social.
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NewsIndustry to stage second HospoDemo next week
Workers from across the hospitality industry are expected to converge once again on Parliament Square next week in a second peaceful demonstration against government restrictions and lack of support.
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NewsGreene King tenants to get 90% rent concession
Greene King Pub Partners has announced further rent support, confirming all tied tenants in tiers 2 and 3 will receive a 90% rent concession from 2 December.
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NewsGordon Ramsay lines up third new site
Gordon Ramsay has confirmed the opening of his first Street Burger restaurant, which will launch tomorrow (3 December) at One New Change in the City of London.
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NewsCaffe Nero approves CVA amid takeover approach
Caffè Nero has approved its Company Voluntary Arrangement (CVA), including a modification that the company will ensure compromised creditors, including landlords, will have their arrears paid in full in the event that a sale of the group to the third party occurs within the next six months.
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NewsLoungers holds profit despite lockdowns
Loungers saw its turnover fall 33% to £53.5m in the 24 weeks to 4 October, but still managed to turn a profit despite a raft of restrictions.
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News50k venues to remain closed as lockdown ends
As many as 50,000 licensed premises could remain closed as the national lockdown ends today, the latest Market Recovery Monitor from CGA and AlixPartners reveals.
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NewsLeon circulates restructuring plan
Leon has served creditors with a restructuring plan that includes a multimillion pound investment from shareholders to secure its future.