By M&C Report team2010-04-28T07:41:00+01:00
Greene King CEO Nick Mackenzie has described the uncertainty facing pub tenants face as “incredible,” saying “they do not deserve to be treated in the way that they have been by government.”
England will be left with just a fraction of its pubs being able to trade in conditions resembling normal, the country set to go back into “lockdown in all but name”.
The pandemic will wipe £14bn from the pub sector in 2020, but the market is forecast to make a tentative recovery in 2021, Lumina Intelligence reports.
Greene King Pub Partners has announced further rent support, confirming all tied tenants in tiers 2 and 3 will receive a 90% rent concession from 2 December.
The restrictions imposed on community wet led pubs in tier 2 are “disproportionate,” “unfair,” and “wrong,” MCA’s The Conversation has heard.
Hawthorn is an ambitious company, that’s something chief executive Mark Davies is very clear on. Speaking to MCA following the group’s half-year financial results, which reported its 700-strong estate had outperformed the market for the six months to 30 September 2020, Davies is in the enviable position of being able to look ahead, and he isn’t holding back in his plans for the business going forward. “We want to be the number one community pub company,” he says. “If anything, the pandemic has endorsed our strategy of focusing on community pubs, and our intention is to keep at it. We have the team to do it and the desire, so watch this space.”
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