All MCA Insight articles in September 2020 – Page 9
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NewsAmazon fined by CMA for causing “serious and flagrant issues” in Deliveroo investigation
Amazon has been fined £55,000 by the Competition and Markets Authority over its failure to hand over documents in time for its Deliveroo deal investigation deadline.
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NewsWetherspoon sees almost 6m track and trace check ins in August
JD Wetherspoon has received 5,742,125 track and trace check ins across its UK and Ireland estate in just one month.
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NewsTen Entertainment promotes Blackwell to interim CEO
Bowling operator Ten Entertainment Group has promoted Graham Blackwell to interim CEO with immediate effect.
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NewsPizza Express CVA approved
Pizza Express has announced its proposed company voluntary arrangement (CVA) has been approved by creditors, with 73 sites set to close.
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NewsThwaites starts redundancy programme
Daniel Thwaites has initiated a programme of redundancies due to the uncertain operating climate heading into winter.
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NewsTRG director leaves amid leisure restructure
The Restaurant Group divisional MD Nick Shelmerdine has left the group following the downsizing of its leisure divisions.
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NewsSenior changes at Pret amid staff cuts
Pret UK shops director Tom Sugarman is leaving the business while food and coffee director Guy Meakin has been made trading director.
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NewsTossed creditors include £9.3m Jersey investor
Zest Food, the operator of Tossed and Vital Ingredient, has left liabilities of £9.3m to its investor after going into administration, a progress report shows.
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NewsB&K to raise £2.5m via rights issue
Brewhouse & Kitchen anticipates trade will recover to pre-pandemic levels within one year.
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NewsDelivery spike outlasts lockdown
Increased adoption of delivery looks to have outlasted lockdown, with the channel now accounting for three meals a month, research from Lumina Intelligence reveals.
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NewsMore than one in four Scottish hospitality businesses at risk of collapse
More than one in four tourism and hospitality businesses in Scotland could still be at risk of collapse in the fallout of the coronavirus crisis, according to a new report by the University of Edinburgh Business School and credit risk assessment company Wiserfunding.
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NewsPret to launch in-shop coffee subscription service
Pret is set to launch an in-shop coffee subscription service next week.
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Analysis & InsightGoodbody on Greggs: Potential headcount cuts
Earlier today, Costa announced that 1,650 roles are at risk of redundancy in the UK, and follows the recent announcement by Pret a Manger that is was going to lay off 2,800 employees. To put into context, Costa has about 2,700 stores across UK and has re-opened more than 2,400 in recent months after closing all of them for 6 weeks due to the pandemic. Costa has about 16,000 employees in total, implying that the at-risk roles account for about 10.3% of total workforce.
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NewsHall & Woodhouse appoints Anne Elliot as non-exec director
Dorset-based pubco Hall & Woodhouse has appointed Anne Elliot as non-executive director, replacing Mike Street who stepped down in May after 10 years on the board.
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NewsRevolution CEO Rob Pitcher: ‘Government must take responsibility for its actions’
Although the government was justified in its initial decision to enforce closure on hospitality through lockdown, it must now take responsibility for the consequences of its actions, Revolution Bars CEO Rob Pitcher has said.
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NewsGreene King sees record number of tenant applications
Greene King has recorded its highest ever number of new tenant applications this Summer, despite the impact of the coronavirus crisis. Across June, July and August, 254 people got in touch with Greene King Pub Partners wanting to run their own pub, more than double the same period in 2019. The pubco has also revealed that even in the height of lockdown, between 24 March and 22 June, there were 108 new unique applications.
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NewsMore than 100 million meals claimed in EOHO
Over 100 million meals have been claimed under the government’s Eat Out to Help Out scheme, according to the latest Treasury figures.
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NewsCosta warns 1,650 jobs at risk
Costa has warned up to 1,650 jobs could be at risk of redundancy due to “high levels of uncertainty” as to when trade will return to pre-coronavirus levels.
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NewsLiverpool One launches cabin bar concept
Liverpool’s central shopping complex Liverpool One has launched a new cabin bar concept, ‘The Chavasse Project.’