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By M&C Report team2011-06-01T11:00:00+01:00
Nightcap CEO Sarah Willingham has said she hopes her newly listed late-night group will come the go-to fund for distressed but sound businesses needing to restructure.
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
Hospitality trade bodies have called on government to freeze late-night levy payments as some late-night businesses have been required to continue payments despite lockdown and curfew restrictions.
The strength of the tied model has been validated during the pandemic thanks to the support that pubcos have been able to provide to their tenants, according to Clive Chesser, chief executive of Punch Pubs.
Revolution Bars Group is looking to expand its portfolio of brands from two to four, in order to capitalise on property opportunities post-pandemic, chief executive Rob Pitcher has told MCA.
Revolution Bars Group has secured a further £3.5m CLBILS, while its bank NatWest agreed to waive £2m of amortisation scheduled for September 2021, taking its total available facilities to £40.3m.
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