All news articles – Page 392
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NewsFoodservice spend reaches 50% of pre-coronavirus levels
The out of home foodservice market is showing clear signs of recovery as weekly spend has returned to half of pre-coronavirus levels for the first time since lockdown, The NPD Group has found.
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NewsGovernment calls for evidence on business rates reform
The Government has called on businesses, business representative organisations and other interested parties to provide evidence for a fundamental reform of business rates
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NewsPubcos replicate ‘Eat Out to Help Out’ scheme
Two weeks before the August ‘Eat Out to Help Out’ scheme goes live, Stonegate and Oakman Inns have announced that they will be running almost exact replicas of the chancellor’s model.
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NewsWagamama announces double closure following business review
Wagamama is to permanently close two of its London sites, including its ‘noodle lab’ in Soho. The pan-Asian chain, which is owned by The Restaurant Group (TRG), says it made the decision following a review of the company’s portfolio brought about by a ‘marked shift’ in customer demand caused by the Coronavirus pandemic. As a result of the review, it has been decided that Wagamama’s Mansion House restaurant, as well as its ‘noodle lab’ test kitchen on Dean Street, are no longer economically viable, and both sites have been closed.
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NewsFernandez leaves Yo!
Yo! marketing director Luisa Fernandez has left the Japanese brand to join Universal Music Group.
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NewsTen Entertainment to reopen English venues
Ten Entertainment Group will reopen all 39 of its English bowling centres on 1 August 2020.
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NewsUK Hospitality CEO Kate Nicholls: High evidence threshold for local shutdowns
Local authority powers to shut down venues are “not as bad as they initially appeared”, Kate Nicholls, UK Hospitality CEO has said.
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NewsHospitality operators urged to provide non-smoking outdoor seating
Pubs, cafes and restaurants will be required to have both non-smoking and smoking sections in outdoor seating according to an amendment in the Business and Planning Bill.
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NewsHospitality Leaders Poll: Confidence is growing
Confidence is on the up among operators, according to the latest weekly Hospitality Leaders Poll by MCA/HIM. Last week, when asked how confident they were in the future for their business, of the 308 polled 57% expressed a level of confidence, with 11% saying they were ‘confident’ about the future, 42% saying they were ‘quite confident’ and just 3% saying they were ‘very confident’ about the future for their business. This week, of the 271 respondents, all of whom are board level operators or founders, that figure jumped to 68%, possibly as a result of the VAT cut and Eat Out to Help Out scheme unveiled by chancellor Rishi Sunak.
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NewsLocal authorities given business closure powers
Local authorities have been given new powers to shut down pubs and restaurants if they’re seen to pose a ‘serious and imminent threat to public health’.
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NewsPret launches vegan bakery counter
Pret is to launch a vegan bakery counter in its Veggie Pret stores.
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NewsHugh Osmond to return to stock market with $400m float
Sun Capital Partners founder Hugh Osmond is set to embark on a stock market comeback in listing a cash shell to target a UK company affected by the coronavirus crisis.
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NewsAzzurri latest to announce closures after rescue deal
The Azzurri Group has been acquired by TowerBrook Capital Partners via a pre-pack administration process, but 75 sites will close. Azzurri, which is made up of 301 restaurants including Zizzi, Ask and Coco di Mama, said when the coronavirus hit it acted “swiftly to protect its employees and customers, deciding to close all restaurants ahead of the government’s lockdown. Azzurri took all possible steps to protect the financial position of the business by ceasing all capex, renegotiating rental payments and food supplier costs and furloughing all restaurant staff and non-critical central staff.”
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NewsBowling alleys and live music venues get green light
Bowling alleys and live music venues will be allowed to open with social distancing from next month, but nightclubs will have to wait.
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NewsVapiano UK bought by Savour-backed team
Vapiano’s UK restaurants have been bought by a group of investors led by former Vapiano director Mario Bauer in partnership with the Savour Group in a deal that safeguards 209 jobs.
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NewsSir Patrick Vallance: ‘Absolutely no reason’ to stop working from home
Industry hopes of a return to work to boost hospitality spending were dealt a blow yesterday after the chief scientific advisor advised against it.
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NewsAzzurri in advanced talks over pre-pack sale
Azzurri Group could be on the verge of a pre-pack administration which would involve the closure of 20-25 restaurants, The Times reports.
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NewsColliers: Crisis forcing ‘fundamental restructuring of the sector’
Casual dining spending in the UK will fall by more than £20bn this year, according to estimates Colliers.
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NewsPizza Express to exit up to 75 sites in CVA
Pizza Express is expected to close up to 75 restaurants as part of a financial restructuring at parent company Hony Capital.
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