All news articles – Page 393
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NewsShelley Sandzer and Gerald Edelman launch corporate finance firm
Shelley Sandzer, the specialist leisure property agency, and Gerald Edelman, a mid-market advisory firms, are launching a new business, Shelley Sandzer Corporate Finance (SSCF).
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NewsCMA’s decision on Amazon/Deliveroo deal ‘suffers from a critical flaw in logic’
The Competition and Markets Authority’s revised provisional findings that the Amazon/Deliveroo deal will not result in a substantial lessening of competition “suffer from a critical flaw in logic,” Domino’s has said.
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NewsLoungers accelerates reopening, permanently closes two sites
Loungers is accelerating its reopening programme, with plans to have the full estate open by the beginning of next month.
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NewsOperators lower prices after VAT cut
Starbucks, Nando’s, KFCm Pret and JD Wetherspoon have joined McDonald’s in saying they will pass some or all of the VAT cut to customers.
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NewsDowney’s Dinerama to ‘close for good’ over rent impasse
Jonathan Downey’s Dinerama will reopen this weekend, but faces the likelihood of closing for good after 26 September, having failed to agree a deal with the landlord.
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NewsConfusion over face coverings for cafes
Confusion ensured today after ministers gave conflicting messages over whether food to go and coffee shop outlets will be included in the new law on face coverings.
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NewsBistrot Pierre sold in pre-pack, six restaurants to close
Bistrot Pierre has been sold in a pre-pack administration with six restaurants to close.
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NewsAbokado MD steps down
Abokado managing director Kara Alderin has stepped down to take a role with a national pub group.
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NewsGreene King: 99% feel safe in the pub
Some 70% of people have said going to the pub for a post-lockdown pint was a top priority, ahead of visiting family and friends, according to a survey by Greene King. Greene King surveyed over 25,000 people to understand their views on returning to pubs and how they found the experience. Despite warnings that the prevalence of PPE and other enhanced safety measures might spoil the traditional pub vibe, 86% of respondents said the pub they visited still had the atmosphere they had been hoping for.
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NewsPotential restructure at Pizza Express
Hony Capital, which owns Pizza Express, could be “all but wiped out in a restructuring” according to a report in the Times. It said Hony Capital, which bought the 627 strong chain for £873m in 2014, had “looked at the possibility of injecting more equity into the business but is now thought to be resigned to ceding control to its bondholders.” It went on to say that “none of the parties involved would comment” but there “were suggestions last night that a financial restructuring, possibly including some restaurant closures, could come as early as next week.”
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NewsGiggling Squid appoints Backhouse
Giggling Squid has appointed Nick Backhouse, a senior independent advisor to Loungers, as a director. Backhouse is also a senior independent advisor to Hollywood Bowl, and was a non-executive director of Marston’s for six years. Nick Backhouse replaces Simon Kossoff, who stepped down as chairman in August 2019 after four ...
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NewsMcDonald’s proposes price cuts
McDonald’s plans to cut prices following the reduction in VAT on eating out. It has recommended that franchisees cut prices on Big Macs, Quarter Pounders and Chicken McNuggets, and knocking 40p off combo meal deals and 30p off Happy Meals. It has also suggested a 50p reduction on breakfast meal deals and 30p off McMuffins.
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NewsFace masks won’t be compulsory in restaurants and pubs
Face masks will not be made compulsory in restaurants and pubs, environment secretary George Eustice has said.
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NewsConsumer spending shows signs of recovery
Consumer spending fell 14.5% year-on-year in June, the smallest decline since lockdown began, according to the latest Barclaycard report.
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NewsUK Hospitality CEO Kate Nicholls: Eat Out to Help Out first step to returning consumer confidence
The Eat Out to Help Out voucher scheme is a positive first step, but the government’s efforts in encouraging consumer confidence can’t stop there, Kate Nicholls has said.
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NewsShake Shack launches click and collect
Shake Shack has launched a new click and collect service from a number of its London sites.
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NewsBrewhouse & Kitchen sees positive return to trading
Brewhouse & Kitchen has reported a 2.9% like-for-like sales growth in its first week of post-lockdown trading.
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NewsGovernment reveals new details of points-based immigration system
Employers should focus on improving the skills of their workforce rather than relying on immigrant labour, Home Office minister Kevin Foster has said. Set to come into force in January 2021, the new system is intended to end free movement with the EU, meaning EU migrants will be treated the same as those from the rest of the world.
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NewsHospitality brands keen to comply with track and trace
More than 70 brands have signed up to a track and trace product developed by Wireless Social and Purple AI to comply with the government’s request.
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NewsGreene King appoints chief marketing officer
Greene King has appointed Maria Sebastian to the new role of chief marketing officer.