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The hospitality curfew has reduced an industry to being nothing more than a sacrificial lamb

By James Russell: The hospitality curfew has reduced an industry to being nothing more than a sacrificial lamb

September 29, 2020

During the past six months we have published headlines that seven months ago we would never have considered, the regular use of words like ‘catastrophe’ have unfortunately not been out of kilter. So, we make no apology for using them. The emergence of Covid-19 has been literally catastrophic for all too many hospitality businesses already. Businesses that were loved, were … [Read more...]

Brenda Collin appointed Senior Vice President of Europe, Preferred Hotels & Resorts

By James Russell: Brenda Collin appointed Senior Vice President of Europe, Preferred Hotels & Resorts

September 29, 2020

The world’s largest global provider of sales, marketing, and distribution services to independent luxury hotels, Preferred Hotels & Resorts, has promoted Brenda Collin to Senior Vice President of Europe, effective immediately. In her new role, Collin will oversee a regional team to ensure the success and retention of more than 125 member properties based across an expanded … [Read more...]

Greggs eyes balance sheet and jobs

By James Russell: Greggs eyes balance sheet and jobs

September 29, 2020

Greggs is now looking at job cuts as the impact from the government's furlough scheme ending is set to shock their balance sheet. Greggs is one of the familiar faces on most high streets employing circa 25,000 people and in a recent statement said it expects business activity to ‘remain below normal for the foreseeable future’. The statement revealed the business is … [Read more...]

Côte Restaurants acquired by Partners Group

By James Russell: Côte Restaurants acquired by Partners Group

September 28, 2020

Côte Restaurants today announces that Partners Group, the global private markets investment manager, has acquired the business. Since its first restaurant opened in 2007, Côte Restaurants has delighted guests with its modern take on French all-day dining. Prior to lockdown the business was trading well with record sales and strong EBITDA growth in the last financial … [Read more...]

Pizza Hut CVA process agreed by creditors

By James Russell: Pizza Hut CVA process agreed by creditors

September 28, 2020

Pizza Hut creditors and landlords earlier today voted to agree Pizza Hut’s CVA insolvency process to reduce rents on its restaurants. The positive vote in favour of approving the CVA will see all creditors accept reduced invoices in future to help keep the pizza chain afloat. The CVA agreement will see 215 Pizza Hut restaurant outlets stay open retainining circa 5,000 jobs, … [Read more...]

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