Covid-19
Our COVID-19 coverage captures the full impact of the pandemic on the UKโs foodservice and hospitality sector, from lockdown trading restrictions and government support schemes to recovery planning, operational adaptations, and long-term business implications. This includes essential reporting for restaurant operators, pub landlords, caterers, chefs, and F&B directors navigating one of the most disruptive periods in industry history.
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Dec- 2020 -3 DecemberCoronavirus
Jersey announces hospitality circuit breaker
A four week hospitality circuit-breaker is set to be imposed in Jersey on 4 December to combat the spread of Covid-19.ย As part of the measures, all hospitality venues including pubs and restaurants will have to remain closed, with only takeaway and delivery services being able to continue. Government officials…
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2 DecemberNews
Caffe Nero CVA receives 90% creditor approval
Caffe Nero has confirmed it will go ahead with its planned CVA, after the brand rejected a takeover bid from billionaire Issa brothers.ย The high street chain announced 90% of creditors voted in favour of the proposal that will allow landlords to have their arrears paid in full.ย In a…
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2 DecemberNews
Loungers posts 33% revenue drop
Loungers, the owner of Lounge and Cosy Club, has reported that revenue fell by a third for the 24 weeks ended 4 October, when compared to the same period last year. The group claimed that the drop in revenue of ยฃ26.3m to ยฃ53.5m was a direct result of the national…
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1 DecemberCafes and Coffee Shops
Caffe Nero snubs Issa brothers offer
Caffe Nero has rejected a takeover offer from the billionaire Issa brothers, after the chain revealed its advisors received an โunsolicited non-binding offerโ, from a third party late last night.ย ย Yesterday speculation arose about the fate of the coffee chain, after Sky News broke a story about the brothers intention…
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Nov- 2020 -30 NovemberCafes and Coffee Shops
Issa brothers eye up Caffe Nero
Mohsin and Zuber Issa, the owners of British petrol retailing company EG Group, are rumored to have proposed a takeover bid for struggling highstreet chain, Caffe Nero. According to Sky News, the offer comes hours before the brand is set to request approval from landlords to cut the price of…
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30 NovemberCoronavirus
JD Wetherspoon boss slams โrecklessโ government
JD Wetherspoon chairman, Tim Martin has hit out at the latest tier system, arguing that the government has โeffectively closed all pubsโ. In a letter addressed to UK MPโs Martin has said โit is a fallacyโ that pubs will reopen on Wednesday 2 December, adding that this is the first…
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30 NovemberCoronavirus
Covid impact stronger on UK coastal hospitality, APPG finds
The impact of Covid-19 will be more pronounced on the UKโs coastal and lakeside regions because of their dependence on hospitality and tourism, a new report by the All-Party Parliamentary Group (APPG) for hospitality and tourism finds. The research, which aims to highlight the damage the pandemic has had on…
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27 NovemberCoronavirus
Fullers swings to ยฃ22m pre-tax loss
Pub chain Fullers has reported a ยฃ22.2m pre tax loss from the six months ending in September, with chief executive Simon Emeny adding it will be a โtough winterโ for the company.ย In the businesses financial results for the 26 weeks to 26 September 2020 it revealed it had made…
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26 NovemberBusiness
Hospitality businesses claim ยฃ849m through EOTHO
Hospitality businesses claimed ยฃ849m through the Eat Out to Help Out scheme (EOTHO) providing discounts for over 160 million meals in August, new government figures show.ย According to HMRC, over 52,000 businesses registered for the scheme and 49,000 of these had made a claim for the scheme by 30 September.…
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24 NovemberCatering Companies
Compass profit plummets 82% in full-year results
Compass has reported that operating profit plummeted 82% to ยฃ294m in the year ended 30 September, down from a profit of ยฃ1.6bn reported the year before. The catering company also saw revenue fall by 19.8% to ยฃ19.9bn due to the ongoing impact of Covid-19, as well as resulting lockdown restrictions…
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