News
The latest industry news from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
-
Jun- 2020 -12 June
Mitchells & Butlers secures £100m loan, 45,000 jobs safeguarded
Mitchells & Butlers has secured £100m of additional funding from HSBC UK and Santander UK as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The move will support the pub operator through the “continued disruption” caused by the pandemic. In addition, it has reportedly safeguarded the jobs of…
Read More » -
12 June
Greene King Pub Partners reaches £15m of financial support for tenants amid pandemic
Greene King Pub Partners has written to all its leased and tenanted partners confirming the additional support it will provide them as pubs look to adapt to reopening post lockdown. The pub group revealed that since pubs closed for the Covid-19 lockdown, it has provided approximately £11m in rent concessions…
Read More » -
12 June
UK GDP slumps over 20% in April as full impact of Covid-19 is felt
GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from the Office for National Statistics (ONS). It is the biggest monthly fall since the ONS’ series began in 1997, with the measure also falling by 10.4% in the three months…
Read More » -
11 June
Hall & Woodhouse extends Business Partner rent cancellation period
Hall and Woodhouse (H&W), an independent family-owned Dorset brewer, has announced that a further extension will be made to the cancellation period of all rent and service charges for its Business Partner estate. Publicans will be exempt from paying rent and service charges until Saturday June 27 2020. H&W is…
Read More » -
11 June
UKHospitality: Clarity on opening could save up to 40,000 Welsh jobs
An “orderly and clearly signalled” opening date that allows high summer season trading could save as many as 40,000 jobs this year in and around Wales’ hospitality industry, according to UK Hospitality Cymru. The message comes from the trade association after the Welsh Government has so far avoided issuing any…
Read More » -
11 June
Just Eat Takeaway to acquire Grubhub in £6bn deal
Just Eat Takeaway has entered a “definitive agreement” with Grubhub that will see it acquire 100% of Grubhub’s shares in a $7.3bn (£5.75bn) deal. Once the takeover is finalised, the combined group will be the world’s largest online food delivery company outside of China, measured by gross merchandise value and…
Read More » -
11 June
Reduction of two metre social distancing rule essential for pubs’ survival, says BBPA
The British Beer and Pub Association (BBPA) has urged the government to review the two metre guideline for social distancing ahead of the publication of sector guidance. According to research by the BBPA, the current position will mean that only a third (12,500) of England’s pubs will be able to…
Read More » -
10 June
Pubs could triple off-premise visits with delivery and takeaway post lockdown
Publicans and bar operators have an opportunity post lockdown to focus on the contribution of off-premise visits to their businesses, according to global information company The NPD Group. In the year to March 2020, 9.9% of all British pub visits were off-premise – up from 7.6% five years earlier, with…
Read More » -
10 June
Veggie Pret sites to reopen this week amid pandemic
Pret A Manger has announced the reopening of its Veggie Pret stores across the UK this week, with the majority offering delivery for the first time. All 10 locations, which include nine London sites and one Manchester store, will reopen tomorrow (11 June), having closed since March amid the Covid-19…
Read More » -
10 June
The Restaurant Group launches CVA, 125 sites to close
The Restaurant Group has announced a proposal to reduce the size of its Leisure estate and rental cost base through a company voluntary arrangement (CVA). The CVA will relate to the group’s Frankie and Benny’s estate, Chiquito and Garfunkel’s sites, but will have no impact on the group’s Wagamama, airport…
Read More »
