All news articles – Page 402
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NewsGreene King reveals ‘Pub Safe’ operating guidelines
Greene King has unveiled details of how its pubs will look and operate ahead of them re-opening, under its set of ‘Pub Safe’ promises.
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NewsLPQ sold in pre-pack with 10 stores closed
Le Pain Quotidien’s UK operations have been sold in a pre-pack administration deal, Sky News reports.
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NewsM&B extends lending facilities by £100m
Mitchells & Butlers has extended its lending facilities by £100m, giving it access to liquidity of £250m through to 31 December 2021.
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NewsCity Pub Group preps ‘reset, streamlined’ business
City Pub Group will reopen with a “reset, more efficient, streamlined business”, executive chairman Clive Watson has told the markets.
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NewsJust Eat Takeaway.com snaps up Grubhub for £5.75bn
Just Eat Takeaway.com has further consolidated its position in the global delivery market by buying US company Grubhub for $7.3bn (£5.75bn).
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NewsUK Hospitality CEO Kate Nicholls: Rent code of practice a “vehicle to deliver timeout”
The government’s proposed code of practice on rent negotiations is not intended to be an end in itself, but a vehicle towards further action to address the issue, UK Hospitality CEO Kate Nicholls has said.
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NewsDavid Coffer: Threats and Collateral damage
To paraphrase Mr Spock of Star Trek when he landed on a strange planet, “there’s life, but not as we know it”. Undoubtedly, that phrase will ring true in the post-Covid-19 world. I have been comprehensively immersed in the leisure industry for 55 years as a specialist property adviser, operator and property investor. The coronavirus has posed more threat and collateral damage by far in the last three months than in all of my encounters with eight recessions, banking collapses and statutory changes such as The Counter Inflation Act, combined, in my career thus far.
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NewsDraft guidelines on rent circulating
A document purporting to be a draft of guidelines relating to future arrangements between landlords and tenants has emerged. However, it makes clear that it is a work in progress, with the first line reading ’DRAFT – NOT GOVERNMENT POLICY’ It goes on to say the code is ’a voluntary Code which seeks to set out principles and good practice in how to balance the interests of landlords and tenants reasonably and responsibly, through as swift and efficient means as possible.’
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NewsRestaurant Group CVA is ‘reshaping the face of casual dining’
The Restaurant Group’s announcement yesterday that it is proposing a CVA for it’s long-troubled leisure division was a major, if not entirely unsurprising development, in a coronavirus-dominated news cycle. Under the proposals, the company voluntary arrangement will allow for a restructure of the estate, which will see it exit 125 ...
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NewsTwo thirds of English pubs will stay closed with two metre distancing
Unless the government reduces social distancing from two metres to one, 25,000 thousand English pubs, or two thirds of the overall total, will be forced to stay closed with no hope of reopening, according to the BBPA. It said under the existing guidelines, only one third, or 12,500 pubs, will be able to reopen. If the guidelines were reduced to one metre, 75%, or 28,000 of England’s pubs would be able to re-open.
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NewsTed Schama: Fish differently
Recently, in these extremely stormy coronavirus conditions, operators have had to make some tough choices. Do they sit the storm out and hope for the best, or fix their nets and think of new fishing techniques? The decisions made will define the forthcoming period for the hospitality industry. There are ...
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NewsTRG launches CVA to close 125 sites
The Restaurant Group has announced a proposal to enter a company voluntary arrangement (CVA) for its leisure estate.
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NewsHawksmoor to launch delivery service as it prepares for reopening
Hawksmoor is looking to launch an all-new delivery service as it prepares to open one London restaurant as “soon as practical.”
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NewsMcDonald’s to relaunch takeaway next week
McDonald’s has announced it is to relaunch its in-store takeaway and click-and-collect offering from next week.
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NewsCampaign to pedestrianise Soho launched
Soho-based hospitality operators are backing a campaign launched by commercial landlords Soho Estates and Shaftesbury to temporarily pedestrianise the area.
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NewsHopes for a 22 June reopening dashed at 5pm briefing
The 4 July has been confirmed as the date for pubs, bars and restaurants to be allowed to reopen, business secretary Alok Sharma has announced. Speculation had been mounting that that date would be bought forward to 22 June after positive noises from the PM and press reports over the weekend. However, the business secretary quashed the speculation at the government’s 5pm briefing and specified the 4 July would “be the earliest”.
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NewsUKH calls on Government for fiscal rent support
UK Hospitality has called on Government to provide fiscal support to the hospitality sector in order to overcome the ongoing rent stalemate.
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NewsPizza Express adds option to click and collect
Pizza Express has taken another tentative step towards reopening by adding an option to click and collect pizzas from the 13 sites in London that are already open for delivery. Click and collect will only be available via the Pizza Express website. Safety measures have already been introduced at restaurants including social distancing, protective screens and additional cleaning.
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NewsThree Joes CEO Tim Hall: ‘Everything is an option’ in The Stable acquisition
Although Three Joes primary objective at present is to get its newly acquired pizza chain back to trading, CEO Tim Hall isn’t ruling anything out when it comes to managing the new brand.
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News65% consumers will maintain or increase dining out spend post-lockdown
In the first three months after restrictions are lifted, 65% of consumers plan to spend the same amount or more money when dining out than they did before lockdown, a survey conducted by chef Marcus Wareing has found.