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By M&C Report team2005-09-08T08:18:00+01:00
Senior leaders at some of the UK’s biggest pub companies are gearing up for customers to be able to drink at the bar from 21 June, the Telegraph has reported.
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.
Fuller’s has announced a share placing to raise around £53m, which will strengthen its balance sheet and liquidity position in preparation for a strong reopening.
Moët Hennessy is anticipating a “post-Covid renaissance” as consumers flock to newly reopened bars and restaurants and opt for premium brands to celebrate.
Several months of falling food and non-alcoholic drinks prices are expected to come to an end as the hospitality industry reopens, the latest edition of the Foodservice Price Index from CGA and Prestige Purchasing reveals.
The hospitality sector’s supply chain is facing collapse, placing over 300,000 jobs at risk, without immediate financial support from Government, new research has revealed.
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