All news articles – Page 425
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NewsMcDonalds, Nando’s and Pret among brands to close entire estate
McDonalds, Nando’s and Starbucks are among a list of operators that have announced estate-wide closures following Friday’s Government announcement.
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NewsIndustry steps up calls for lease forfeiture moratorium
Following the Government’s emergency legislation last week preventing landlords from evicting tenants for at least a three month period, the Hospitality Industry is calling for similar action for commercial businesses.
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NewsPret to close all stores
Pret a Manger has just announced it will be closing all its 400 UK stores from this evening.
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NewsCafes, pubs, bars and restaurants told to close
As hospitality is put on lockdown, chancellor Rishi Sunak has announced a number of measures to protect jobs and businesses throughout the coronavirus pandemic. Under ’The Coronavirus Job Retention Scheme,’ the Government has pledged to cover 80% of employee wages, to extend the interest-free period for loans from six to twelve months, and defer VAT payments until the end of the financial year.
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Uber Eats launches support initiatives for independent restaurants
Uber Eats will be waiving activation fees to help new independent businesses wanting to join the platform amid the coronavirus pandemic.
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NewsBRG closes Ed’s and Giraffe, Slim Chickens still open
Boparan Restaurant Group, the operator behind Giraffe, Ed’s Easy Diner and Slim Chickens, has announced the closure of all sites under its Giraffe and Ed’s brands.
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NewsThe NTIA calls for ‘Big Freeze’
The NTIA has called for a complete freeze of the economy in an open letter to the Government released today.
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NewsVapiano applies for insolvency
Vapiano has opened insolvency proceedings and will apply for government assistance programs to avoid bankruptcy, blaming the coronavirus crisis for a further drop in sales.
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NewsLoungers, Fuller’s and BRG announce closures, to-go transitions continue
Loungers is the latest operator to announce an estate-wide temporary restaurant closure due to the impact of COVID-19, and Fuller’s will close all London pubs.
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NewsBurnham: ‘Government has done least for the people who need help most’
Chef-patron Angela Hartnett has joined calls for a rent-free period and a support for hospitality staff after being forced to close her four restaurants in London.
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NewsJDW: ‘If pubs shut, the levels of Government support won’t matter’
Wetherspoon plans to keep pubs open “even under extreme duress,” as chairman Tim Martin warned that should they shut, the levels of Government support for employees will be inconsequential to job losses.
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NewsSenior CEO: ‘Our view is people should boycott rent’
Senior directors are considering boycotting rent amid a wave of mass closures to hit the restaurant and bar sector, MCA understands.
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NewsGovernment to offer 60% salary cover
The Government is expected to unveil an employment rescue package which funds 60% of salaries, according to people briefed on the matter.
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NewsMass repossessions if government does not step in
The majority of landlords are refusing to negotiate meaningfully on rent payments despite the threat of widespread restaurant closures, Imbiba property director Kieran Sherlock has told MCA.
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NewsLatest closures include TGI’s, Comptoir, Bills and The Ivy
TGI Friday’s, Comptoir Group, Bills and The Ivy Collection are among the latest operators to announce temporary closures amid the COVID-19 pandemic.
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NewsChancellor expected to announce employee support package today
The Chancellor is expected to announce an employment and wage subsidy package today following late-night talks with business groups and union leaders.
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NewsWetherspoon able to maintain operations in time of uncertainty following strong H1 results
Wetherspoon has “sufficient liquidity to maintain operations at a substantially lower level of sales,” said chairman Tim Martin in a statement regarding its H1 financial report.
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NewsNWTC and Ping Pong to close
NWTC and Ping Pong have shuttered their restaurants as the coronavirus outbreak continues to decimate the hospitality industry. In a plaintive message to “all our dumpling fans and dim sum lovers” Ping Pong said “it is with a very heavy heart that we need to announce that all seven of our restaurants will be closed from 8pm tonight, Thursday 19th March, until further notice.
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NewsWait until tomorrow, says PM
There was little reassurance for the hospitality industry at this afternoon’s press conference, although the PM suggested there would be an update on employees by chancellor Rishi Sunak tomorrow. “I say to business, stand by your workers because we will stand by you,” said Boris Johnson. “And you will hear more about that in the course of the next day or so.”
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NewsJust Eat announces “emergency support package” for small independent restaurants
Just Eat has launched an emergency support package for small restaurants which will rebate 33% on commissions for the next 30 days. It’s also removing commissions on collections and will waive sign-up fees for new restaurants. “These are some of the most challenging times the restaurants we work with have ...