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All MCA Insight articles in September 2020 – Page 8
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NewsHospitality backs Kickstart scheme
Hospitality Unite has teamed up with UK Hospitality, Springboard, The Scottish Tourism Alliance and The Youth Group to provide backing to the government’s Kickstart initiative. It will provide a free online service to bring together hospitality businesses and 16-24 year-olds looking for a career in the restaurant, pub, hotel, bar and wider leisure sector so they can take advantage of the new government funded scheme. The government is putting £2bn into the Kickstart programme to fund six months of 25 hours a week work at national minimum wage for 16-24 year olds, giving them a ‘kickstart’ into their working lives.
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NewsMowgli eyes expansion
Mowgli, the 11-strong Indian street-food concept, is set to open a further two sites before the end of the year.
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NewsMcDonald’s to trial reusable cups
McDonald’s has announced global plans to test a new reusable cup model for hot drinks.
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InterviewsGail’s CEO Tom Molnar: We’ll do more sites this year than two years ago
Tom Molnar strikes an almost Gordon Brown-esque note when he describes the artisan Gail’s Bakery a “prudent bakers”.
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NewsFullers trading at 80% compared to last year
Fullers has released a trading statement for the 23 weeks to 5 September 2020 ahead of its AGM later this morning (10 September). After lockdown closed its estate, Fuller’s began reopening sites on 4 July and now has over 90% of its pubs and hotels open. Like for like sales are currently 80% and the business said sales in August were boosted by the EOHO scheme. It said Cotswold Inns & Hotels, which Fuller’s acquired in October 2019, also benefitted from the staycation trend.
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NewsVarious Eateries prepares £25m float
Various Eateries, which operates brands including Coppa Club and Tavolino, is seeking admission to AIM at the end of the month in order to raise £25m to fund expansion and provide working capital. It currently has ten sites, with five in London. “I believe that Covid-19 is the biggest event to hit the UK economy outside of war-time,” said Various Eateries founder Hugh Osmond. “Whilst I deplore the terrible effect it has had on our industry, we are confident that there will be major opportunities for a well funded group with strong management to build a fantastic business in the aftermath of Covid.
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NewsPremises not ‘covid-secure’ to face fines or closure under new government measures
Hospitality venues that fail to ensure their sites remain ‘covid-secure’ under the government’s new ‘rule of six’ measures will be subject to fines from Monday, the Prime Minister has announced.
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NewsTrack and trace to become mandatory in England
The Government is set to tighten track and trace rules making it compulsory for pubs and restaurants in England to take customers’ details.
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NewsLabour calls for sector-specific furlough extension
Labour has called for a sector-specific extension of the Coronavirus Jobs Retention Scheme, warning that a blanket withdrawal will force many late-night hospitality businesses to close.
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NewsIncipio Group praise landlords for ‘flexibility and support’
Incipio Group, the London-based large-scale restaurant and bar operator, has praised its landlords for their support in helping the business navigate the coronavirus crisis.
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NewsPizza Hut Restaurants to close 29 sites
Pizza Hut Restaurants, the UK dine-in franchise business of the global Yum! brand, is proposing to close 29 sites as part of a Company Voluntary Agreement (CVA).
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NewsThe Avocado Show signs London franchise deal
Instagram-friendly restaurant concept The Avocado Show has signed for 19 new franchise locations across the UK and Europe, including London, Madrid and Paris.
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NewsLeon announces ‘unlimited’ coffee offer
Leon has followed Pret’s lead with an ‘unlimited’ coffee offer of £15 for 30 days, which aims to get office workers back into the city.
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NewsEOHO boosts Treasury coffers by £250m
The Eat Out to Help Out Scheme benefitted the Government to the tune of £250m, data revealed by leading hospitality trade bodies show.
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NewsHarts Group converts £1.5m Barrafina loans to shares
Harts Group, the operator of Barrafina and El Pastor, has converted £1.5m in loans in Barrafina Ltd into shares in Harts Group Ltd, which has “improved the balance sheet and cashflows of the group”.
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InterviewsDeltic CEO Peter Marks: Young people claims ‘numbers of convenience’
Deltic CEO Peter Marks has dismissed claims that a third of all coronavirus cases in England last week were in young people as “numbers of convenience.”
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InterviewsBoxpark CEO Roger Wade: Rent is the ‘dinosaur in the room’
Without a workable solution to tackle outstanding rent liabilities, all other support packages and recovery measures will be a “total and utter waste of time,” Boxpark CEO Roger Wade has said.
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NewsNew law a 'reinforcement and reminder’ of existing rules for pubs and restaurants
New coronavirus restrictions, reducing social gatherings to no more than six, make current guidelines legally binding for business, UK Hospitality’s Kate Nicholls has said.
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NewsUK Hospitality CEO Kate Nicholls: Continued enforced nightclub closure ‘illogical’
The government’s continued enforced closure of the late-night sector is both illogical and without scientific reasoning, UK Hospitality CEO Kate Nicholls has said.
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Analysis & InsightAugust consumer spend sees first uplift since lockdown
Consumer spending saw its first uplift since February 2020 last month, with pubs, bars and takeaway services all experiencing a boost, according to data from Barclaycard.