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...]
Search Results for: COVID-19
The morning after, reactions from across hospitality to Rishi Sunak’s economic plan…
The Chancellor yesterday announced his latest measures to help alleviate the ongoing and growing impact from Covid-19. We have received incredible levels of feedback from across the industry and have featured some below. Trying to measure the collective tone from industry leaders and commentators seems to point towards appreciation for what has been done, with varying … [Read more...]
Oxford Brookes University selects Co-op and Gather & Gather as latest franchisee
Gather & Gather, part of CH&CO is set to open its first retail shop as a Co-op franchisee at Oxford Brookes University. The Headington Campus Co-op of Oxford Brookes University will be one of the largest Co-op’s stores at a UK university, providing 21 new job opportunities for hospitality workers that have been laid-off by Covid-19, as well as for students … [Read more...]
Rishi Sunak unveils support for hospitality and tourism
Chancellor Rishi Sunak has just announced that the current reduced VAT rate for hospitality and tourism is being extended to the end of March next year. The measure is aimed in supporting over 150,000 businesses and protecting as many as 2 million jobs in jeopardy. In his statement the Chancellor compared that in the spring the problem was that businesses were closed. In … [Read more...]
Covid crisis could see hot meal service dropped at schools
Schools in England have faced a difficult return. With school leaders grappling with the challenge of ensuring pupil and staff safety and wellbeing, there are fears that hot and nutritious school meals could be the latest victim of Covid-19 and uncertain Government policy. Food for Life, a Soil Association programme, believes good food should be easily available for everyone, … [Read more...]