By M&C Report team2012-09-04T17:17:00+01:00
Q1 is traditionally the quietest quarter in licensed retail; it is when tenants are most likely to hand back the keys. Sadly, without any additional government support and with the rent moratorium ending in March (with 15 months of rent due in some cases), many private companies could run out of liquidity. Many sources have suggested a 20-30% supply reduction. We are more optimistic than this due to corporate activity. The speed and direction of capital reallocation will be critical to this, in our view.
Wagamama has reported strong results for both eat in and delivery in Q3, seeing an uplift in sales and EBITDA.
When discussing the enduring success of the Loungers business, “well-hedged” is not a phrase CEO Nick Collins says he would necessarily use, but he recognises it’s a good one.
Issuing further financial support for hospitality would be a “good policy decision” for Government if they wish to see a fast-paced recovery, Whitbread CEO Alison Brittain has said.
Burger brand Meatliquor is to open a temporary drive thru restaurant next month in North Finchley.
Leon has added a carbon-neutral range to its fast-food menu in a bid to bolster its environmental credentials.
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