CH&CO has completed a refinancing and fundraise with its existing lenders and shareholders. The fundraise, when combined with the facilities provided by the lenders, ensure the group has a strong and sustainable liquidity position to support the business as it exits lockdown and builds back up over the months ahead. CH&CO completes liquidity position - Management Team … [Read more...]
Compass well received to raise $2 Billion
Bloomberg are reporting that Compass Group are looking at a new share issue to increase liquidity in the business to further combat the impact from Covid-19. For the world’s biggest catering services provider employing 600,000 people, the impact from Covid-19 has hit hard. It has seen the company’s share price fall circa 40% this year so far. About 55% of its … [Read more...]
Foodservice: The New Normal
This article is written by Foodservices Consultant Tracey Fairclough, who advises corporate clients on the appointment of workplace catering facilities and management. It is written to provide guidance to those managing UK foodservice restaurants in the workplace beyond Covid-19. Ten key considerations to review when designing future staff restaurants to create the … [Read more...]
Talking new hospitality – with Ian Thomas, CEO, Bartlett Mitchell
What will the new world of hospitality and catering look like, and how are you planning to adapt to those changes. Big questions we put to Ian Thomas, CEO, Bartlett Mitchell earlier today. H&C News: You’ve held some workshops with stakeholders from across the sector, why did you feel it was important to bring people together? Ian Thomas: “We are not alone in … [Read more...]
Workplace caterer immediately engages with easing of lockdown
Following hot on the heels of Boris Johnson’s easing of the Covid-19 lockdown guidelines, workplace catering continues to lead the market. Grazing Catering has announced the launch of ‘Desk Dine’ – a new catering service designed specifically to meet the post-lockdown social distancing guidelines. The service, which will sit alongside the caterer’s existing business … [Read more...]