All news articles – Page 417
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NewsFurloughed staff under renewed threat
Hospitality staff are under renewed threat of jobs losses if the government does not extend the jobs retention scheme beyond its initial three month period.
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NewsPizza Hut finds its mojo at time of crisis
Pizza Hut UK MD Neil Manhas has told MCA the brand has “found its mojo” serving the community at a time of crisis.
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NewsKFC reopens select delivery-only sites
KFC has reopened several restaurants for delivery only, with further reopenings planned in the coming weeks.
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NewsAndrei Lussmann on his new meal delivery service
As part of the united we stand podcast series, Andrei Lussmann, founder of Lussmanns Sustainable Fish and Grill, discusses turning his St Albans restaurant into a dark kitchen for producing ready-made meals and his advice to other restaurants looking to enter the food to go space.
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NewsCaring reopens kitchens to feed the needy
Richard Caring has reopened a number of restaurant kitchens in his portfolio to feed the isolated, vulnerable, low income families and NHS workers.
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NewsM&B keeps reduces costs to keep estate ’secure and safe’
Mitchells & Butlers has material cash resources which it believes should be sufficient to fund obligations “well into the second half of the year”.
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NewsRevolution ups credit facility to £30m
Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.
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NewsWells & Co cancels rent for two months
Wells & Co will not collect commercial rent from its licensees for the next two months during lockdown measures, the family brewery and pub operator has said.
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NewsStar provides rent relief on ‘pub-by-pub’ basis
Star Pubs & Bars is providing licensees rent relief on a pub-by-pub basis, and has suspended the collection of the revised rent until June at the earliest, or when the pubs reopen.
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NewsPeter Martin: If there’s one debt you do need to pay
So the waiting game begins. After the last weeks of frenetic activity as the hospitality sector lobbied hard for Government lifelines, most companies are locking themselves into survival mode.
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NewsGreggs secures £150m credit from Covid Corporate scheme
Greggs will be able to meet its liquidity needs for a closure period of up to a year as a result of £150m credit received through the Covid Corporate Financing Facility scheme.
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NewsTrade bodies warn support packages are being delivered too slowly
Crucial packages of support announced by the Government are not being delivered quickly enough to help businesses affected by the coronavirus, leading trade bodies have warned Chancellor Rishi Sunak.
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NewsTRG models ‘pessimistic’ slow recovery scenario
The Restaurant Group has modelled a “pessimistic scenario” for the current financial year, which would see 400 of its sites reopened gradually between July and December.
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NewsD&D London launches employee support platform
D&D London has launched an online platform to offer support and guidance to its 2000 employees throughout the coronavirus pandemic.
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NewsMajor disruptions expected in global supply chains
There will be continued major disruptions to global supply chains as the coronavirus pandemic continues, the latest Foodservice Price Index from CGA and Prestige Purchasing has indicated.
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NewsArc keeps staff connected during furlough
Arc Inspirations has shared a number of staff initiatives to keep its people connected and engaged while on furlough.
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NewsUKH and CPL launch online training platform
UK Hospitality has launched an online training platform in partnership with CPL Learning to provide access to learning, wellbeing and personal development resources to furloughed employees.
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NewsTRG raises £57m in share placing
The Restaurant Group has raised £57 million following the succes
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NewsSelby: ‘Nine-month rent-free period is imperative’
Wahaca CEO Mark Selby has told MCA that without a nine-month rent and interest moratorium on commercial property, many operators will be unable to start up again when lockdown comes to an end.
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NewsMcDonald’s pulls guidance following significant sales dip
McDonald’s has pulled both its FY20 and long-term guidance following a significant March sales decline across its markets.