All news articles – Page 362
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NewsBrewdog secures £25m CBILs and financing arrangement to tackle crisis
Brewdog has said it is optimistic about the remainder of 2020 in light of financial measures taken to protect the business going forward.
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NewsThe Real Greek lines up Bracknell opening
The Real Greek is set to open its 18th site in The Lexicon in Bracknell next month. Located on 12 Eagle Lane, the 145-cover site will include inside and outside seating and will open with delivery and collection after the month-long lockdown comes to an end in December. According to the Fulham Shore-backed brand, it has “continued to thrive” despite the current crisis, and the new opening follows a period of “sustained demand” throughout 2020.
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NewsDeliveroo appoints Worldpay’s Medlock ahead of IPO
Deliveroo has lined up former Worldpay CFO Rick Medlock to chair its audit committee as it prepares to list, Sky News reports.
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NewsRevolution Bars approves CVA, closing six sites
Revolution Bars Group has approved its company voluntary arrangement (CVA), which will see it close six bars.
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NewsPhased reopening set out for Northern Ireland hospitality
Hospitality business in Northern Ireland are to remain closed until at least the 20 November as the country’s ‘circuit-breaker’ lockdown is extended another week. Leaders announced yesterday (12 November) that unlicensed premises, including cafes and coffee shops, will be permitted to reopen from next Friday with an 8pm curfew, and pubs and bars will be able to sell sealed off-sales.
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NewsCaffe Nero enters CVA
Caffe Nero entered announced it had entered into a Company Voluntary Arrangement (CVA) last night, blaming the second national lockdown.
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NewsScientists blame virus spike on ‘crazy scenes’ on eve of lockdown
A rise in coronavirus cases of 50% has been blamed on increased numbers visiting pubs and restaurants ahead of the second lockdown coming into force.
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NewsSunak denies dropping hints on EOHO
Rishi Sunak has downplayed suggestions that he hinted plans to bring back the Eat Out to Help Out scheme.
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NewsWhitbread could halve job cuts
Whitbread may halve the number of jobs cuts it announced, due to the extension of the furlough scheme and vaccine breakthrough, The Times reports.
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NewsListen to The Conversation
This session was hosted by MCA Deputy Editor Finn Scott-Delany, who was pleased to welcome back Kate Nicholls UKH CEO and Hugh Osmond, Director of Various Eateries. Hugh Osmond was the original founder of Punch Taverns and took Pizza Express public in 1993. The entrepreneur acquired Strada in 2014 via his Sun Capital Partners vehicle, and founded upmarket all-day brand Coppa Club. Hugh has forthright views on the lockdown measures, using a recent Daily Mail opinion piece to warn government, after it announced a second national lockdown, that Christmas is already over in the hospitality sector, and that many hospitality venues will never reopen.
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NewsPop Golf to launch at Boxpark Wembley
The team behind Playgolf and Mighty Adventures are moving into the competitive socialising space with new concept Pop Golf.
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NewsYoung’s: Toughest times in 189 years
Young’s CEO Patrick Dardis has described the last six months as the toughest period in its 189 years. In its half year H1 report for the 26 weeks to September 2020, it said sales were £55.1m, compared to £168.2m the year before, with the business recording an adjusted operating loss before tax of £19.2m. However it said was encouraged by the fact that sales since reopening on 20 July were 84% of last year. “Our business recently celebrated 189 years and the last six months has been one of the toughest periods in that incredible journey,” said Dardis.
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NewsOCTOBER 2020
As lockdown returns, MCA’s latest issue is out now. Featuring opinion from regular columnists Peter Martin and Dominic Walsh, it also has interview with Restaurant Group CEO Andy Hornby, D&D CEO Des Gunewardena and Giggling Squid MD Andy Laurillard…
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NewsMarston’s seeks waivers from noteholders
Marston’s has released a formal request to the holders of its secured class A notes for a limited number of further technical waivers during the first half of 2021. In an announcement on the London Stock Exchange today (11 November), the pubco said it was requesting the waivers as a precautionary measure following the renewed lockdown restrictions introduced in Wales on 23 October and England last week.
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NewsWetherspoons sales hit by 'baffling' and 'questionable' restrictions
Wetherspoons sales were significantly lower in October than previous months as the imposition of new restrictions took its toll, the business has revealed in a trading update today.
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NewsSalt Dog Slims set for Manchester
Restaurant and bar group GSG Hospitality, previously Graffiti Spirits Group, has secured a site for its second Salt Dogs Slims concept. The new restaurant, located near Manchester’s Northern Quarter and Spinningfields, will be the brand’s first move into the city following its debut site in Liverpool in 2012. Set to open in early 2021, the restaurant will have an ‘appointment only’ underground bar that will require a secret code, as in its Liverpool site, and will serve American style chilli dogs alongside an extensive beer and cocktail selection.
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NewsSacha Lord: ‘This is government’s last chance to take the sector seriously’
Sacha Lord has called on government to work collaboratively with the sector and rethink its post-lockdown hospitality restrictions.
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NewsOperators call for EIS incentives to help rebuild sector
London hospitality operators including The Piano Works, Kerb and bar business Lolipop have called on government to adapt the Enterprise Investment Scheme (EIS) to help rebuild the sector. In a letter to chancellor Rishi Sunak seen by City AM, the businesses outlined proposals of an “equity alternative” to the Coronavirus Business Interruption Loan Scheme, which would use tax relief to incentivise investors to support industry recovery.
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NewsWadworth sells 21 pubs to Liberation Group
Wiltshire-based pubco and brewer Wadworth has announced the sale of 21 pubs to Liberation Group.The sites, sold for an undisclosed sum, are primarily in Gloucestershire, Hampshire and Wiltshire, and comprise more than a tenth of Wadworth’s estate across the south west and London.
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NewsReal Living Wage rise
The Real Living Wage (RLW) has risen to £9.50 in the UK and to £10.85 in London, an increase of 20p and 10p per hour respectively.