The current Covid-19 crisis has seen revenues at most hospitality businesses decline as a consequence of macroeconomics. The UK economy has been highly negatively impacted through Covid-19, and trying to swim against that tide is a herculean task. The combined efforts of world’s governments, think tanks and centres of learning cannot change the direction of the world economy … [Read more...]
What are we waiting for?
It could seem odd in a hospitality article to be commenting on how banks, law firms and other city organisations are dealing with the pandemic, but their actions are having a massive impact on a number of sectors of the hospitality industry. This virus doesn’t look like it’s going away for the foreseeable future, so what’s the point in waiting until September, January or even … [Read more...]
Judge dismisses claims against Burger King from vegan diners
Earlier this week a Florida judge dismissed a claim brought by a group of vegan and vegetarian customers against Burger King saying the burger chain had misled diners about plant-based patties. Judge Raag Singhal ruled in favour of Burger King by saying it had not mislead customers. The claim was about cooking procedures and accused Burger King of implying through … [Read more...]
Chilango administration sees investors adopting hindsight
The Mexican restaurant chain Chilango is not only facing the impact from Covid-19 crisis, it is also facing something of a shareholder revolt. After placing itself into administration and looking to find a buyer at the same time, investors are being widely reported to be furious claiming long standing mismanagement and little adherence to corporate governance. Much of the … [Read more...]
Think Tank proposes high streets replaced by housing
High streets left empty by the collapse of hospitality and retail businesses should be converted into hundreds of thousands of new homes built by the public sector, a think-tank report says today. A paper from Social Market Foundation argues that the further decline of traditional high street shopping is inevitable, meaning ministers should focus less on slowing that … [Read more...]