Closure
In this section, we report on restaurant, pub, bar, café, and catering business closures across the UK, and the commercial, operational, and market factors behind them. From high-street exits and group-wide restructures to insolvencies, lease surrenders, and strategic site rationalisations, we cover the real-world impacts of rising costs, labour shortages, shifting demand, and margin pressures. We go beyond headlines to explain why closures are happening and what they mean for the wider sector. Whether you’re benchmarking performance or navigating tough decisions, we provide the context hospitality professionals need to stay informed.
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Jun- 2020 -30 JuneCafes and Coffee Shops
Caffè Nero to reopen 400 stores to eat in from 4 July
Caffè Nero has announced it will reopen 400 stores for eat-in from the 4 July. The stores will open with protocols in place to ensure its employees and customers remain safe and in accordance with government advice and social distancing guidance. The stores will offer Caffè Nero’s coffee and other…
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29 JuneRestaurants
TGI Fridays announces reopening of 66 sites on 6 July
TGI Fridays has announced the reopening of 66 of its UK restaurants on 6 July. The company said it will also reveal a “fresh new brand” which will be showcased at six specially selected restaurants, dubbed ‘Famous at Fridays’, with elements introduced across the rest of the estate. These new…
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25 JuneNews
Young’s raises £88m from investors
Young’s has tapped more than £88m from its investors through a share placing ahead of pubs reopening from next week. The pub operator said it had placed a total of 4,263,453 placing shares at 1,160p per share, and 4.9m non-voting shares at 735p per share to raise £85.5m. In addition,…
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24 JuneBusiness Bites
Nine ways to encourage pubs, bars and restaurants to remain Covid-secure as they prepare to reopen
Since the Covid-19 pandemic brought about the temporary lockdown across the UK since 20 March, we’ve seen closure of our pubs, bars and restaurants for several months. With the UK government’s phased approach of easing lockdown restrictions slowly unfolding, the announcement came that hospitality businesses could see themselves trading again…
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23 JuneCoronavirus
Soho House secures $100m in equity funding
Soho House has reportedly secured an additional $100m (£80.2m) to help it see out the impact of the coronavirus pandemic which has seen the closure of its restaurants and member clubs. According to Sky News, Soho’s biggest investor, American millionaire Ron Burkle, has formed a group of new and existing…
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16 JunePubs and Bars
The Seafood Pub Company collapses into administration
The Seafood Pub Company has collapsed into administration after it failed to secure funding to help support it through the ongoing pandemic. According to the Lancashire Telegraph, founder Joycelyn Neve reportedly informed staff of the administration in a letter that circulated last Friday (12 June). The letter read: “It is…
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15 JuneCoronavirus
City Pub Group posts strong results as it reveals new ‘streamlined’ business
The City Pub Group has revealed it experienced a 31% increase in revenues for the year ended 29 December 2019, and revealed it is set to reopen as a more “efficient” and “streamlined” business post Covid-19. The group said it saw revenues reach £60m up from £45.7m the previous year.…
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12 JuneCoronavirus
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…
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11 JuneFood and Drink
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…
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10 JuneComment
Is your restaurant ready?
In many countries, restaurants were among the first to feel the impact of the novel coronavirus pandemic. Bookings disappeared almost overnight, followed by long imposed periods of closure and staff inactivity. The onset of coronavirus hasn’t diminished the hard work you have put into your business, but the subsequent rapid…
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