All Food & Beverage articles – Page 15
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OnlineCity Pub Group reports 37% drop in like-for-like sales
The City Pub Group has reported a 37% drop in like-for-like sales for the three weeks to 25 July.
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InsightAre cities off the menu?
While cities remain quieter than usual as lockdown eases, local neighbourhoods have burst into life. Property Week looks at how F B operators are capitalising and asks: what next for the sector?
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InsightGovernment must aid the F&B recovery
Editor: Having seen numerous cycles, although they have not been easy, I have been comforted by the knowledge that food and beverage (F B) is always the last to fall and the first to recover.
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OnlineShelley Sandzer and Gerald Edelman create new F&B finance advisory firm
Two firms have created a new corporate finance firm to combine their expertise in property and finance.
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NewsThe pub sector faces a ‘mass exodus’ experts warn
Landlords are bracing for a “mass exodus” of tenants from the pub industry after only around half the country’s pubs and bars reopened on “super Saturday”.
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OnlineEdinburgh welcomes new rooftop marketplace
A new rooftop marketplace called the Neighbourhood is opening on Moorgarth’s Waverley Mall in Edinburgh tomorrow.
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OnlinePret to close one in 10 stores
Pret A Manger could close as many as one in 10 stores across the UK as the company battles for survival.
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OnlineCasual Dining Group to close 91 sites as it falls into administration
Bella Italia owner Casual Dining Group (CDG) will permanently close 91 sites after it slipped into administration today.
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NewsWetherspoons agrees to defer rent payments until 2021 or go monthly
Pub giant JD Wetherspoons has forged deals with landlords to pay zero rent now and defer payments until next year or switch to monthly payments.
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OnlineByron files notice to appoint administrators
Burger chain Byron has filed a notice to appoint administrators today, becoming the latest casual dining chain to suffer as a result of Covid-19.
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OnlinePret A Manger looks to slash rental bill amid sales slump
Food chain Pret A Manger is reportedly looking to pay just over 30% of its rental bill for the next quarter, citing a slump in sales during the lockdown.
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NewsWasabi bids for turnover-based rents
Japanese restaurant chain Wasabi has appointed KPMG to lead discussions with landlords to negotiate a switch to turnover-based rents.
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OnlineThe Restaurant Group confirms restructuring talks with landlords
The Restaurant Group has confirmed it is in discussions with landlords regarding “potential restructuring options” for its real estate portfolio.
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OnlineBoxpark on the hunt for new sites
Hospitality operator and developer Boxpark is on the hunt for more sites across the UK.
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NewsFrankie & Benny’s owner will permanently close up to 120 sites
Frankie Benny’s owner will not re-open up to 120 restaurants after the coronavirus lockdown has eased.
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OnlineHospitality sector braces for new restrictions
The UK hospitality sector will face new restrictions when it reopens.
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OnlinePret A Manger and Leon call in advisors
Pret A Manger has hired restructuring advisors Alvarez Marsal and CWM to help renegotiate rents, according to The Sunday Times.
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OnlineDeliveroo teams up with industry experts to navigate recovery of restaurant sector
Food delivery service Deliveroo has teamed up with industry experts to accelerate the recovery of the restaurant sector.
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InsightTime to serve up new restaurant leasing models
Editor: While it is an uncertain time for restaurant operators to think of acquisitions, this climate might prove a new dawn for trialling new approaches to leasing.
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NewsBar operators eye ‘meanwhile’ sites
Restaurant and bar operators are on the hunt for large, open-air ‘meanwhile’ sites as the government considers allowing hospitality operators to turn public spaces into al fresco drinking and dining establishments.
