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Fleurets leisure report image – flowers on a restaurant table

UK hospitality trade bodies outline ‘road to recovery’

23rd July 202028th July 2020 Catering Today

Sector must use industry collaboration and government support to boost recovery, according to UKH and CGA A new report from UKHospitality and CGA has revealed the scale of impact Covid has had on the hospitality sector, and outlines what the industry can do to recover both sales and consumer confidence. According to the trade bodies, “rigorous” safety measures, industry collaboration and government support can “speed the sector along the road to recovery”. The latest Future Shock series of reports from both groups provides the “most detailed picture yet” of the…

Pret A Manger shop front, Lands Lane, Leeds. Photo: Wikimedia Commons From Wikimedia Commons

Coronavirus: Leon and Pret A Manger ready to fight landlords

29th June 202029th June 2020 OzSeeker

Fast-food chains Leon and Pret A Manger are demanding rent cuts from landlords as the restaurant industry fights for its life. Leon, led by John Vincent, has hired advisers from restructuring firm Quantuma. Pret has hired Alvarez & Marsal and property consultancy CWM to cut costs. Both chains are pressing landlords to accept new terms, including linking rents to turnover. Leon and Pret are among the high street brands thrown into crisis by the pandemic. Even when restaurants and fast-food chains do reopen, footfall is expected to be low as…

UK dining chain files notice of administration, risking 6,000 jobs

21st May 202021st May 2020 The Times

The private equity-backed operator of the Las Iguanas and Café Rouge chains is set to undergo a painful restructuring after filing a notice of its intention to appoint administrators, which could threaten more than 6,000 jobs. The Casual Dining Group, which also owns the Bella Italia brand, said that the “prudent measure” would give it time to consider its options and did not necessarily presage administration. Nevertheless, restaurant closures and job losses seem inevitable. One industry analyst with knowledge of the situation said: “A restructuring could involve either a company…