Greek bank Eurobank is to provide £670 million in funding support to Greek tourism and hotels. The investment is viewed as central to combat a deep recession predicted by the European Commission that estimate Greece's economy will contract by 10% in 2020. Eurobank has now pledged to make a 750 million euro (671 million pounds) funding package available to help Greek hotels … [Read more...]
Boparan completes Carluccio’s acquisition
Boparan Restaurant Group earlier this morning confirmed the acquisition of Carluccio’s including 30 trading sites. The move was expected as we reported earlier this week and saves more than 800 jobs. Boparan Restaurant Group already operate many well known restaurant brands including... Cinnamon - Fishworks - Slim Chickens- Giraffe and Ed’s Easy Diner. Boparan Restaurant … [Read more...]
Rise with Sodexo
Sodexo launch ‘Rise with Sodexo’, to support clients meet the health, operational and confidence challenges resulting from reopening workplaces post the global Covid-19 pandemic. As organisations plan for a new ‘normal’, it is essential that employees, customers, and visitors feel safe within a workplace and cared for when working remotely. Consumers want the … [Read more...]
Increased support for pubs
Greene King Pub Partners is making a multimillion-pound investment in financial support for its tied tenants to help them through the COVID-19 crisis. The investment is ongoing and now sees rent reduced by 90% for all tied pubs from 11 June until they can legally reopen. The 90% concession will continue during the first four weeks that a pub can legally reopen and then remain … [Read more...]
Gordon Ramsay seeks liquidity
Gordon Ramsay has been working with banks to secure the future of his restaurant business from the ongoing impact of Covid-19, according to various reports in financial media today. The reports are mixed but focus on Ramsay registering charges with Barclays against sixteen parts of his diverse restaurant empire. The loan charges include the companies that run his … [Read more...]