All articles by Finn Scott-Delany – Page 42
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NewsYo! confirms CVA with 19 closures
Yo! has confirmed it will close 19 loss-making restaurants and cut 250 staff as part of a company voluntary arrangement (CVA).
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NewsTim Martin: Virus debate hampered by ‘lack of reliable information’
Wetherspoon chairman Tim Martin has re-entered the debate on coronavirus suppression, arguing much of the science supporting lockdown is inconclusive, and lauding the “cool as ice” Swedish approach.
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Analysis & InsightEOHO ‘not cannibalising weekend trade’- Fourth
Restaurant sales were up 50% between Monday-Wednesday in the opening week of the Eat Out to Help Out scheme, compared to the previous week.
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NewsAlix Partners: Sensible debt is good financial management
Private equity debt financing will return to the casual dining sector as it begins to recover, Alix Partners MD Graeme Smith has predicted.
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NewsChiktopia relaunches after liquidation
Chiktopia, the American chicken concept from Abokado founder Mark Lilley, has relaunched as a dark kitchen, after the original business went into liquidation earlier this year, MCA has learnt.
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NewsCoffeesmiths entity leaves liabilities of £20m
Department of Coffee and Social Affairs operator CCL 02 Limited has unsecured creditors totalling more than £1.6m after going into liquidation, a statement of affairs by liquidator Quantuma has revealed.
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Analysis & InsightHospitality Leaders Poll: Operators divided over Eat Out to Help Out
Consumers may have lapped up the Chancellor’s Eat Out to Help Out scheme, but operators are split over how helpful it has been.
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NewsDomino’s hails ‘resilient’ lockdown performance
Domino’s UK & Ireland has reported UK like-for-like sales up 4.8% for the half year to 28 June 2020.
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NewsJ. W. Lees MD William Lees-Jones: Andy Burnham ‘completely wrong’ on pub transmission
Manchester mayor Andy Burnham’s singling out of the pub trade is “completely wrong, according to J W Lees managing director William Lees-Jones.
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NewsEat Out to Help Out used 10.5m times in first week
Diners used the Eat Out to Help Out scheme more than 10.5m times in its first week, the Treasury has said.
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InterviewsSessions Market: ‘Covid allows us to shape the concept over time’
Launching a food hall business during a global pandemic might not seem like good fortune, but Dan Warne still counts himself lucky in the circumstances.
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NewsPizza Hut Restaurants to consider restructure
Pizza Hut Restaurants has hired advisers to explore a financial restructure, with a company voluntary arrangement (CVA) under consideration.
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NewsTootoomoo partners with Soar Group for franchising
Pan-Asian concept Tootoomoo has signed a franchise agreement with Costa Coffee and Pizza Hut operator Soar Group, with the first opening taking place in North-West London later this year.
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NewsCalorie count requirement for large operators
The government has confirmed it plans to introduce legislation to require large restaurants, cafes and takeaways with more than 250 employees to provide calorie counts on labels and menus.
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Analysis & InsightThe rise and fall of Coffeesmiths Collective
One of the more intriguing growth stories of the past ten years, Coffeesmiths Collective is the latest business to begin insolvency proceedings, as parts of the business enter liquidation.
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NewsHow Azzurri Group went into administration
One of the star performers in a competitive casual dining sector, and an even more competitive Italian subsector, Azzurri Group was formed out of the break-up of Gondola.
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NewsChilango gives notice of intent to appoint administrators
Burrito chain Chilango has given notice of its intention to appoint administrators, in a further blow to bond-holders.
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InterviewsInception co-founder Charlie Gilkes: Customers have embraced safety measures
Inception Group co-founder Charlie Gilkes also described how customers have embraced new safety measures, such as temperate checks and track and trace when returning to the London bar estate.
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InterviewsFive Guys UK CEO John Eckbert: Trading ‘really unpredictable and really different’
Five Guys UK CEO John Eckbert has described reopening the entire estate for dine-in as a “fairly modest, incremental step”, having remained open for takeaway for the majority of lockdown. Speaking on MCA’s The Conversation, Eckbert said keeping takeaway online meant the brand had already redesigned its store format to ...
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NewsUK Hospitality CEO Kate Nicholls: High evidence threshold for local shutdowns
Local authority powers to shut down venues are “not as bad as they initially appeared”, Kate Nicholls, UK Hospitality CEO has said.