Pubs, Bars & Clubs News – Page 66
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NewsLoungers: ‘We will trade profitably post-lockdown’
Loungers has said that it plans to reopen the majority of its sites in July, being well positioned to trade profitably in a post-lockdown environment.
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NewsFuller’s approves £100m CCFF loan
Fuller’s has approved the issue of commercial paper under the Covid Corporate Financing Facility (CCFF) for an initial loan of £100m.
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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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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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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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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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NewsThwaites hopes to return to strong trading
Daniel Thwaites, the pub, inn and hotel operator, is considering applying for a Government backed loan scheme, to ensure it has sufficient facilities to get through the recovery period.
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NewsHush CEO Jamie Barber: Post-furlough redundancy costs will bite operators
Operators need to consider reducing the size of their teams before the furlough scheme ends, Jamie Barber, Hush Brasseries CEO, has said.
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NewsGreene King Pub Partners signed up to BII
Greene King Pub Partners is paying for 800 tied tenants to become members of the British Institute of Innkeeping (BII).
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NewsStonegate announces support for Ei Pub Partners
Stonegate Pub Company has revealed details of a multimillion-pound support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business.
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NewsTrade bodies call on insurers to meet obligations for pub sector
Hospitality trade bodies have called on the Association of British Insurers to agree to a meeting to discuss further support for pubs and breweries affected by the coronavirus crisis.
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NewsGreene King to launch takeaway service
Greene King is set to launch a ‘pub grub’ delivery and takeaway service from a number of its London sites next week.
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NewsNeame: ‘Authentic pub experience’ possible with social distancing
Although it may be a long road back to ‘normality,’ pubs will still be able to create a positive consumer experience despite covid-secure control measures, Jonathan Neame, Shepherd Neame CEO has said.
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NewsTrade bodies call on Government for further pub support
UK Hospitality, the BBPA and the BII have called on the Government to introduce further measures to support pubs through the coronavirus crisis.
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NewsHall & Woodhouse extends rent cancellation period
Pub company Hall & Woodhouse has extended its rent and service charge cancellation period for its business partner estate.
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NewsGreene King launches employee support fund
Greene King has launched an employee support fund in partnership with the Licensed Trade Charity, to help workers affected by the coronavirus crisis.
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NewsBrewdog finds lifeline in retail while plotting return to bars
Brewdog’s revenue from brewing and retail has provided a lifeline during lockdown – but the company remains committed to reopening its bars in the future, COO David McDowall has told MCA.
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NewsPCA promises to champion rights of tied pub tenants
It is now “more important than ever” that pub tenants have the benefit of their statutory rights and protections, new Pubs Code Adjudicator Fiona Dickie has said.
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NewsOver 50% pubs yet to receive government grants
The British Beer and Pubs Association has urged for faster delivery of Government backed loans and grants as it finds 75% of pubs and brewery businesses are yet to hear back on their application, and over 50% are yet to receive their entitled funds.