All articles by Georgi Gyton – Page 79
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Analysis & InsightPrice and visibility barriers to low and no alcohol drinks
Perceived poor value and lack of visibility are two of the main barriers to greater sales of low and no products, according to new research from Lumina Intelligence.
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NewsBarkby Group adds to pub portfolio
The Barkby Group’s hospitality arm has entered in a new six-year lease agreement for The Ebrington Arms in Gloucestershire.
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NewsElectra names new parent company for hospitality brands
Electra Private Equity has announced that Hostmore plc is the name of the new parent company for its hospitality brands TGI Fridays and 63rd+1st.
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NewsTrade bodies urge Prime Minister to delay rates payments
Hospitality trade bodies including UKHospitality, the British Beer & Pub Association, the British Institute of Innkeeping and CAMRA, have called on the Prime Minister to delay rates business rates payments in light on the delay to the roadmap for reopening.
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InterviewsD&D London: ‘The biggest issue we have is lack of staff’
The biggest single issue for D&D London is not lack of revenue – it’s staff, chief executive Des Gunewardena told MCA’s The Conversation.
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NewsCBRE appointed to sell £21.6m collection of Marston’s pubs
Global real estate advisor CBRE has been appointed by Aviva Investors to sell a collection of pubs let to Marston’s, worth £21.6m.
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NewsBan on commercial evictions extended till 2022
The ban on landlords evicting commercial tenants is to be extended till 2022, following the announcement by the Prime Minister earlier this week that there would be at least of four-week delay to the previously proposed roadmap.
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NewsHop Vietnamese founder hopes to build back business through raise
Hop Vietnamese has just embarked on a new capital raise as founder Paul Hopper looks to build the business back to its former size, he has told MCA.
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NewsBrewDog to initiate independent review of its culture
BrewDog is to enlist the services of a third party to carry out an independent review of its culture and HR practices following accusations by former employees that the brewer and pub operator fostered a toxic working environment.
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NewsFour week delay to restriction unlocking
The government’s proposals to ease all remaining restrictions on 21 June is to be delayed by four weeks, Prime Minister Boris Johnson is expected to announce later today (14 June).
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NewsProposals being considered to ring-fence historic debt
Government officials are considering proposals to ring-fence the historic debt built up by hospitality businesses during the pandemic.
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NewsCaffé Nero directors took 35% pay cut in first lockdown
The directors of Caffé Nero took a 35% pay cut from April 2020, during the first lockdown, in order to try and preserve liquidity in the business, accounts to the company’s latest accounts for the year ended 31 May 2020.
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NewsGovernment considering four-week delay to restriction easing
Government ministers are considering pushing back the 21 June roadmap date by up to a month in order to give businesses more certainty and to allow more time for people to have received two vaccinations.
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NewsFuller’s appoints new FD from Domino’s
Fuller’s has appointed Neil Smith as its new finance director.
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NewsWhitbread adds two Bar + Blocks to estate
Whitbread is to open two further Bar + Block venues, its high street steakhouse business, taking its portfolio to 17 sites.
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InterviewsItsu: ‘We now have both eyes outside London’
Itsu’s chief executive Ganan Kanagathurai is relatively mild-mannered compared to the gregarious, outsized personality of the group’s founder, Julian Metcalfe, which might explain why his promotion more than a year ago slipped under the radar.
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NewsMay brought ‘unspectacular return’ to indoor trading, with sales down 26%
Managed pub, restaurant and bar groups in Britain recorded a 26% drop in sales for May 2021, compared with the same month in 2019, according to the latest Coffer CGA Business Tracker.
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InterviewsArc Inspirations: ‘We’ve been surprised at the competition for sites’
There is a surprising amount of competition between operators for the best sites, Martin Wolstencroft, chief executive of Arc Inspirations has found.
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InterviewsChilango: ‘We’d like to have a further 30 sites by 2025’
Mexican-inspired chain Chilango is aiming to open a further 30 restaurants by 2025, managing director Richard Franks has told MCA.
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InterviewsRent debt issue showing positive signs of development
Recommendations being put forward to government on how to tackle the growing issue of rent debt are broadly in line with what UKHospitality and its members have been asking for, according to its director of strategic affairs Tony Sophoclides.