‘We’re good to go but it’s a matter of when’
The operator of a real ale pub has said she fears pubs like hers will struggle to stay afloat in the months to come.
Archives for June 12, 2020
Beer sales at lowest level since records began
UK beer sales sunk to the lowest level for 20 years in the first quarter of 2020, demonstrating the impact of the coronavirus pandemic on the trade.
Mitchells & Butlers secures additional £100m Covid-19 funding
Birmingham-based pub operator Mitchells & Butlers (M&B) has secured £100m as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) – safeguarding approximately 45,000 jobs in the process.
Most operators need rent reduction of at least two fifths over next six months
The majority of operators need a minimum 41% rent reduction in order to trade for the rest of this year, new data has found.
Opinion
The longer we wait, the less ready we will be
It's just over three weeks until the sector is meant to reopen - but little is known on how we’re meant to be reopening.
More pandemic mergers and acquisitions possible if larger companies see subsidiaries as ‘distractions’
The co-founder of sourdough pizza and craft beer restaurant operator Three Joes believes the hospitality sector will "likely" see a flurry of merger and acquisition activity in the coming weeks as larger operators focus their attention on reopening core...
Greene King announces ‘Pub Safe’ pledges for reopening
Pubco and brewer Greene King has revealed its plans of operating, ahead of pubs reopening, which features a set of five ‘promises’ to staff and customers.
Long-term support on rent for Admiral tenants
Admiral Taverns' tenants are being offered tapered rent support from reopening all the way through to April next year, the company has announced.
City Pub Group ‘in excellent shape’ to reopen sites post-lockdown
The City Pub Group has announced that it is well-placed to reopen "a reset, more efficient, streamlined business" post-lockdown after announcing strong trading performance during 2019.
New mass membership Campaign for Pubs pledges ‘sustainable future’ for publicans
A group of licensees, pub campaigners and small brewers have joined forces to create mass membership group the Campaign for Pubs as the on-trade prepares for life after lockdown.