All MCA Insight articles in October 2021 – Page 9
-
NewsCaffe Nero hires advisers and seeks to refinance £150m debt
Caffe Nero’s Gerry Ford is reported to have engaged Lazard to look at funding options for £150m of debt.
-
NewsSunak urged to review pub tax burden
The BBPA has called on the Chancellor Rishi Sunak to cut beer duty, extend business rates relief, and permanently lower VAT for all food and drink sold in pubs
-
NewsNew £500m plan to boost UK workforce
Chancellor Rishi Sunak’s scheme will target people leaving furlough and older workers with work coaches and careers advice, along with co-ordination with local employers
-
Analysis & InsightCGA: 16% of hospitality positions currently vacant
Staff shortages are prompting three quarters of business leaders to offer better pay and improve communication, culture, staff wellbeing and mental health to retain staff
-
NewsRent settlement risks insolvency or takeovers
UKHospitality has demanded clarity over the new arbitration system being set up to determine the size of rent arrears
-
NewsFive Guys to press on with UK rollout
The European holding company reported a total comprehensive loss of £58.4m for 2020
-
NewsBrewDog ‘optimistic for a better 2021’
The bars division of the craft beer company posted a pre-tax loss of £10.4m from turnover of £25.2m in 2020
-
NewsBritain’s winter blues: ‘Christmas shortages are now a certainty’
From petrol, gas and food supplies to hospitals under pressure, the UK could face a series of overlapping crises
-
NewsBoris Johnson admits shortages could last until Christmas
Boris Johnson has admitted that fuel and food shortages could last into Christmas, as he appeared to shrug off concerns that farmers would have to cull their animals.
-
NewsA million unfilled jobs – and no one to serve the Tories in Manchester
The city’s hospitality venues blame Brexit for a lack of experienced staff as the Conservative party conference arrives in town
-
NewsSunak plots extension to Covid loans scheme
The Recovery Loan Scheme offers businesses an 80pc guarantee on debt of between £25,000 and £10m.
-
NewsPret a changer? Britain’s ubiquitous sandwich chain seeks a new recipe for success
Covid and Brexit are forcing Pret a Manger to reassess its reliance on an EU migrant workforce
-
NewsPubs and restaurants relying on students working two-hour shifts in bid to stay open
Hospitality venues are using apps to source workers for a fraction of a traditional shift while others are closing down amid staff shortages
-
NewsD&D London to change hands in £100m takeover
Famous London restaurants including Quaglino’s and Coq d’Argent are close to being acquired by Montecito Equity Partners, a London-based private equity firm.
-
NewsPizzaExpress outperforms market since restrictions ended
PizzaExpress has reported sales +3.7% ahead of the market over the seven weeks to 5 September after a ”transformational year”
-
NewsBurger King: ‘October’s VAT rise is very inflationary’
Alasdair Murdoch, Burger King’s CEO, sees supply chain issues and rising costs leading to a “two-to-three-year inflation problem”.
-
NewsHigh Court dismisses case against Caffe Nero’s CVA
The challenge was brought by Ronald Young, a Nero landlord who received financial support for his case from the Issa brothers.
-
NewsTortilla to have £70m initial market capitalisation on AIM
Shares in Tortilla Mexican Grill plc will begin trading on 8 October with a £70m market capitalisation. On admission, Quilvest will own approximately 20.4% and the board approximately 12.3% of the issued ordinary shares.
-
NewsMCA’s November edition is available to read now
As Tortilla floats and a number of other sector star names considering a listing, MCA’s latest edition considers why the public markets currently hold such appeal.
-
NewsOCTOBER 2021
The October issue is packed full of analysis, exclusive interviews, features and comment on the eating and drinking out market.