Pubs say ‘time running out’ to be ready for 4 July reopening June 4, 2020 The UK’s pub lobby has warned the government that its members urgently need clarity on how it will reopen the sector if they are going to be ready by the target date of 4 July. The British Beer and Pub Association (BPPA) said today that pubs will need at least three weeks’ notice for when [...]
Debenhams reveals first UK stores to reopen this month June 4, 2020 Debenhams has revealed which UK stores are set to reopen when lockdown restrictions are eased for retailers later this month. The department store chain said three Northern Ireland stores. Including the Belfast flagship shop, will open on 8 June. A further two stores will open in Northern Ireland shortly after. In England, 50 stores will [...]
LVMH explores impact of coronavirus on Tiffany deal terms June 4, 2020 Louis Vuitton owner LVMH has moved to dispel speculation that its acquisition of jewellery brand Tiffany & Co is on the brink of collapse, but confirmed that it has discussed the impact of coronavirus on the deal. LVMH agreed to buy Tiffany last year for $16.2bn. However, LVMH has reportedly been planning to try and [...]
Loungers expands takeaway service as restaurant chain gears up for July reopening June 4, 2020 Cosy Club owner Loungers will expand its takeaway service next week as the cafe and restaurant chain gears up to reopen in July. The company, which also owns the Lounge chain, has opened 17 sites for takeaway and will open a further 10 Lounge sites over the next week. Loungers said it could open more [...]
Coronavirus: Lookers to slash 1,500 jobs and shutter showrooms June 4, 2020 Car dealership Lookers today said it will cut roughly 1,500 jobs and close 12 showrooms as it reels from the impact of Covid-19. The struggling motoring chain, which employs roughly 8,100 people, said it will start consultations on the cuts across the business. Lookers also said it had identified a further 12 showrooms for closure, [...]
Pub chain Young’s eyes August reopening date June 4, 2020 Pub chain Young’s announced this morning that it is preparing to reopen its venues on 3 August. The company said the coronavirus pandemic had a significant impact on its full year results to 30 March, with pubs forced to close for the final 10 days of the financial year. The closure of its pubs, and [...]
Supermarket delivery slots: Which grocers offer home delivery amid UK coronavirus outbreak? June 3, 2020 UK supermarkets are racing to increase capacity as the demand for home delivery services soars amid the coronavirus pandemic. All UK supermarkets are prioritising home delivery slots for those who are vulnerable, elderly, disabled or self-isolating. Many have introduced special in-store shopping hours dedicated to key workers. The surge in demand following the coronavirus outbreak [...]
Marks & Spencer scraps executive bonuses due to coronavirus pandemic June 3, 2020 High street retailer Marks & Spencer said it will scrap executive bonuses next year due to the coronavirus crisis. The firm said today that there will be no bonus scheme in operation for executive directors in 2020/21. M&S also said that the pay of chief executive Steve Rowe will be frozen, and there will be [...]
Bulmers owner C&C burns through €7m a month while pubs are closed June 3, 2020 C&C Group, the owner of Bulmers and Magners cider, revealed this morning that it is burning through €7m (£6.2m) each month that pubs and restaurants are closed. C&C, which makes 80 per cent of its revenue through sales to pubs, bars and restaurants, also reported €47.6m in exceptional items directly related to the coronavirus outbreak. [...]
Upper Crust owner SSP asks shareholders to reinvest dividend to raise £27m June 3, 2020 Upper Crust owner SSP Group has asked shareholders to reinvest their dividend payment to raise £26.8m for the firm, which swung to a loss during the coronavirus crisis. SSP, which operates mainly out of travel hubs that were closed during the pandemic, said shareholders can reinvest the proceeds of their 2019 final dividend payment into [...]