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By M&C Report team2011-07-21T11:56:00+01:00
The Deltic Group saw a 4.7% hit to like-for-likes for the full year to 23 February 2019, in what it described as a “tough year for the company”.
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.
Corbin & King has reported a 2.5% increase in like-for-like sales for the period to 31 December 2018, with EBITDA up from £1.3m to £7.5m.
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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