Category: News

Hospitality to close for 4 weeks or more

Again the country is to go into lockdown as Covid-19 cases surge all around the country. This is a big blow to the hospitality sector again. The Furlough Scheme has been extended until the end of November which is good news. The industry is calling out for more relaxed rules about takeaways as currently, alcohol […]

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Marstons says it will axe up to 2,150 jobs

Pub and brewery group Marstons says it will axe up to 2,150 furloughed jobs following new restrictions to curb the spread of the coronavirus. The company said since the first lockdown was lifted, 10,000 of its employees had returned to work. But Marstons said new measures such as the 10pm curfew and restrictions in Liverpool […]

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Eat Out to Help Out Huge Success

Rishi Sunak’s Eat Out to Help Out has been hailed as a huge success with 65 million meals claimed on the discount that ran from Mon-Wednesday. Restaurants reported that they were completely booked out during those days and spend was up significantly. This has been a welcome boost to the hospitality trade and there are […]

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Travelodge to propose CVA

Just last month, Travelodge hit the news for looking at a CVA again. Today we are told that a CVA is to be unveiled which includes a new commitment from shareholders to inject up to £40m of new equity. The borrowing capacity has been increased to £100m, compared to the £60m initial amount.   An […]

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Carluccio to be bought

Just over a month since the last news hit the media about the state of Carluccio’s administration and we hear of a promising deal in the line-up for the struggling high street restaurant chain. The owner of the Giraffe restaurant chain, Boparan Restaurants, led by tycoon Ranjit Boparan, is said to be making a deal to […]

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