By M&C Report team2010-08-18T08:03:00+01:00
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”.
It’s an oft-told observation that coronavirus and the work from home directive has led to empty city centres but thriving suburban neighbourhoods.
Mitchells & Butlers has announced 1,300 of its staff have been made redundant as it deals with the ongoing impact of the coronavirus pandemic. The 1,700-strong group, which operates brands including Harvester, All Bar One and Toby Carvery, began redundancy consultations with a number of staff last month, and has since started working with advisors CBRE to close up to 20 leasehold pubs and restaurants. The job cuts came as M&B revealed its financial results for the year to 26 September, which saw pre-tax losses of £123m, compared to a profit of £177m in 2019.
French rotisserie restaurant concept Cocotte has opened its fourth London restaurant in Queens Park.
Polpo co-founder Richard Beatty has bought the restaurant group’s last two remaining sites, including its debut venue, out of administration.
Private equity firm Cain International has acquired Prezzo from previous owners TPG as a going concern.
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