All news articles – Page 406
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NewsDeliveroo releases restaurant recovery guidance
Deliveroo has brought together legal, property and restaurant industry specialists in a new initiative to support restaurants in the recovery period.
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NewsNando’s reopens a further 40 sites
Nando’s has announced it will reopen a further 40 sites for delivery and collection this week, taking its total open estate to 94.
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NewsCity Pub Group plans for outside-only reopening
The City Pub Group has outlined a series of measures to ensure its beer gardens are ready to reopen as soon as possible.
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NewsWhat happens to a premises licence following insolvency?
It is an exceptionally difficult time for the licensed trade. Government measures during the outbreak of the coronavirus have hit businesses hard and its plans for the industry as we emerge from that lockdown will be as equally challenging. Many remain closed and through no fault of their own will not survive.
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NewsRevolution secures funding for the future
Revolution has extended its debt facilities, which it says will provide it with “sufficient liquidity for the foreseeable future”. Revolution, which operates 74 bars under the Revolution and Revolución de Cuba brands, said NatWest had increased its Revolving Credit Facility from £21.0m to £30.0m until 31 August 2020, at which point it will step down to £24.0m. NatWest has also waived all financial covenant tests at March 2020 and June 2020.
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NewsMarston’s and Carlsberg UK form joint venture partnership
Marston’s and Carlsberg UK have formed a new joint venture partnership, Carlsberg Marston’s Brewing Company (CMBC).
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NewsSector sees another week of reopenings
MCA rounds up the latest reopenings in the hospitality sector.
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NewsInn Collection hires new CFO
The Inn Collection Group has appointed Paul Edwards as its Chief Financial Officer.
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NewsWetherspoon announces comprehensive safety measures
JD Wetherspoon has announced a raft of safety measures to safeguard employees and customers when it reopens its pubs, which is currently forecast for the 4th of July. Costing an intitial £11m, the 875-strong pub chain said it will employ two full time cleaners for every pub who will constantly clean surfaces and touch points like door handles, allergen information screens, card payment machines and hand rails, throughout the day.
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NewsEditor’s Opinion: The industry needs support, not another bill
At last count, the JRS was supporting ten million people, or around 17% of the UK. It’s a mammoth amount that highlights the impact of the coronavirus crisis, the necessity of the JRS, and, unfortunately, its unsustainability. To put it in perspective, former PM Gordon Brown popped up on Good Morning Britain earlier this week, in lieu of anyone from the actual government who are all fed up of getting their face chewed off by a rabid Piers Morgan.
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NewsContributions to the JRS impossible for 41% unless operating at full capacity
Rishi Sunak has announced plans to ask employers to contribute to the JRS from August, but 41% of operators say they won’t be able to contribute a penny unless they are operating at full capacity by then, according to the latest weekly Hospitality Leaders Poll by MCA Insight/HIM. Our ability to top up Furlough is based on our income,” said one multi-site operator. “We won’t be able to start paying 20% of the salaries of people furloughed unless there’s enough income to pay the bills.
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NewsCosta to reopen all drive-thru’s next week
Costa is set to reopen all of its drive-thru stores by the end of next week
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NewsTGI Friday’s plans for July reopening at 55% capacity
TGI Friday’s is “well positioned to operate successfully with social distancing in effect,” and has plans in place for a phased dine-in reopening in July, parent operator Electra has said.
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NewsBoparan confirms Carluccio’s acquisition
Boparan Restaurant Group has finalised its acquisition of Carluccio’s.
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News“Prolonged period” of F+B pricing upheaval ahead
Food and beverage pricing deflated for the first time in its recorded history in March, but the coronavirus pandemic is expected to create instability in the months ahead, the latest CGA Prestige Foodservice Price Index has found.
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NewsGreene King gives tenants 90% rent reduction
Greene King Pub Partners is giving a 90% rent reduction to all tied pubs from 11 June until they can legally reopen.
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NewsDeliveroo launches SME support package
Deliveroo has launched a financial support package to help SME restaurants facing challenges due to the coronavirus pandemic.
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NewsUKH releases Covid-secure guidelines
Directional movement of customers, restricted contact with commodities and regular controls of outside spaces could all be part of hospitality’s ‘new normal’ come July.
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NewsInsolvency bill presented to Parliament
The Government has introduced new insolvency legislation to help struggling businesses survive through the coronavirus crisis.
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NewsWhitbread launches £980 million rights issue raise
Whitbread has proposed that it intends to raise £980 million - approximately £1,009 million in gross proceeds - by way of a rights issue.