All MCA Insight articles in September 2020
View all stories from this issue.
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Analysis & InsightPeel Hunt on 2021: A year of two halves
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.
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NewsTasty explores potential CVA
Tasty, the operator of Wildwood, is exploring a potential company voluntary agreement (CVA).
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NewsPret appoints global procurement director
Pret A Manger has appointed a new global procurement director. Laura Grant joins from Virgin Atlantic, where she was most recently vice president of strategic projects / chief of staff, and before that VP of procurement. The appointment follows the announcement of a major restructure at Pret, which involves 2,800 ...
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InterviewsUK Hospitality CEO Kate Nicholls: ‘We need many voices speaking the same message’
The industry must join together in its demands from government if it is to see any kind of meaningful support, UK Hospitality CEO Kate Nicholls has said.
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NewsOperators launch cancel the curfew campaign
A campaign has been launched by hospitality operators across the country to force a U-turn on the government’s 10pm curfew.
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InterviewsOakman Inns founder Peter Borg-Neal: ‘We need to work on public opinion’
Turning the tide on public opinion could help in turning the tide on government measures, MCA’s The Conversation has heard.
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NewsSacha Lord joins NTIA board
Sacha Lord, the Night Time Economy Advisor for Greater Manchester, has joined the Night Time Industries Association board.
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NewsBurger King assessing options for subsidiary
Burger King UK is working with advisers to review options for one of its subsidiary companies.
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NewsMulti-site groups buck waning market confidence trend
Multi-site hospitality operators have upped their market confidence in recent months, despite an overall dip in confidence across the sector, according to the latest Business Confidence Survey from CGA and Fourth.
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NewsCity Pub Group to ‘emerge and rebuild quickly’
City Pub Group has reported it is in a strong financial position to emerge and rebuild quickly from the coronavirus crisis.
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NewsMosaic Pub Group raises £2.5m with City Pub investment
Three companies within the Mosaic Pub and Dining Group have concluded a share offering, raising subscriptions over costs of over £2.5m. The Galaxy, Pioneer and Sovereign City Pub Co. – which make up an estate of 9 pubs, 7 freehold and 2 leasehold – have reduced debt to under £2m ...
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NewsNorthern cities face ‘complete decimation’ in trade
The North of England faces mass redundancies and boarded-up high streets unless coronavirus restrictions are reviewed, the leaders of Liverpool, Leeds and Manchester councils have warned.
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NewsGreggs launches consultation to reduce staff hours
Greggs is launching a consultation on staff costs, which could see job losses minimised by negotiating reduced hours in shops.
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NewsDeliveroo to hire 15k new riders
Deliveroo has announced it will employ an additional 15,000 riders by the end of the year, in contrast to the hospitality industry it supplies, which is continuing to haemorrhage jobs.
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Analysis & InsightEating out set for 64% growth in 2021
The eating out market will experience a v-shaped recovery over the next three years as consumers are expected to flock back to hospitality post-pandemic, according to Lumina Intelligence.
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InterviewsTokyo Industries CEO Aaron Mellor: Night-time sector ‘totally ignored’
Tokyo Industries CEO Aaron Mellor has dismissed Rishi Sunak’s Winter Economic Plan for leaving the night-time sector with little choice but to hibernate.
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InterviewsOakman Inns’ Peter Borg-Neal: Curfew policy ’chaotic and appalling’
Oakman Inns founder Peter Borg-Neal has called the 10pm curfew a “disgrace” and a “public health disaster”.
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OpinionDominic Walsh: What’s more ludicrous, the 10pm curfew or VAR?
For as long as I’ve been a journalist covering leisure and hospitality (31 years if you must know), the industry has fought, mostly in vain, for recognition in the corridors of power of its importance to the UK economy. While rival industries like aerospace, car manufacturing and financial services seemed to have no problem catching the ear of government (mostly coming under the wing of the big beast departments of Business and the Treasury), hospitality struggled to attract attention, being made the responsibility of the backwater that is DCMS. It didn’t make it into the name of the department – even when it was expanded to the Department for Digital, Culture, Media & Sport.
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NewsNew volume restrictions
The backlash over coronavirus restrictions is continuing to grow, even as a raft of new laws were published.
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NewsCôte acquired out of administration by Partners Group
Côte Restaurants has been acquired out of administration by Partners Group, the global private markets investment manager.