By M&C Report team2004-04-06T09:01:00+01:00
One in ten hospitality businesses will not survive without additional support through the recovery period, CGA’s Business Leaders’ Survey 2021 has found.
Investors have snapped up hospitality and leisure stocks following the announcement by Boris Johnson of his roadmap out of lockdown on Monday.
Hawthorn CEO Mark Davies is the latest pubco boss to call on the Prime Minister to offer strong support for the sector in his upcoming reopening announcement.
The Inn Collection Group saw a year of record growth in 2020. Throughout the year, the Alchemy-backed business acquired eight freehold properties, bringing its total estate to 19 sites, and managing director Sean Donkin tells MCA that it was able to grow so aggressively because of one major contributing factor: the pandemic. “It has enabled us to focus on acquiring new sites and made additional opportunities available,” he says. “But it’s not necessarily because of people going under, it’s people running out of puff and fight”.
BrewDog has achieved certified B Corp status, making it the only hospitality business in the UK to achieve the accolade.
Patrick Dardis, chief executive of Young’s Pubs has told the Evening Standard that although he would have preferred an April reopening date for the pub sector, he would take a clear roadmap with a later opening over uncertainty.
Site powered by Webvision Cloud