PizzaExpress this morning has announced that their proposed company voluntary arrangement has been approved by its creditors. The approval was agreed once the 75% approval line had been crossed seeing circa 90% of creditors that responded agree the move. Critically landlords voted in favour. As previously reported, the CVA was a key component of a wider financial … [Read more...]
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Burger King release new restaurant design minimising multiple touch points
BURGER KING RESTAURANT DESIGN: Details of new restaurant designs that focus on minimising multiple touch points at Burger King restaurants have been released. Created by the Restaurant Brands International in-house design group, the plans were drafted to dramatically improve the Burger King restaurant guest experience. The new designs will provide multiple ordering and … [Read more...]
Pret a Manger subscription aimed at a niche target market
Pret a Manger has announced it will launch a new monthly subscription offering people five drinks a day in an effort to boost sales and footfall. The new service will enable subscribers paying £20 a month to enjoy up to five coffees, hot chocolates, teas, smoothies or frappe drinks a day, every day. In a 30 day month that would at a maximum equate to 150 drinks for … [Read more...]
Can Eat Out to Help Out be extended independently
The final figures released by HM Treasury for the Eat Out to Help Out initiative show that over 100 million covers were claimed at a cost to government of £522 million. With 84,700 restaurants taking part, on average each restaurant sold 1,180 covers in August under the initiative. Eat Out to Help Out was open on 13 days in August, which equates to each participating … [Read more...]
Hospitality Face Mask Procurement comes of age
Nine months ago face masks would not have been on the to do list for most people in hospitality procurement teams, today they will be on most. Disposable face masks were the easy first option for finding something quick, but being disposable means they of course need to be disposed of. The Government provides stringent guidelines for safe disposal of disposable face masks … [Read more...]