MA500 Business Club

Well placed: 'Whitbread’s long-term strategy remains as relevant and compelling as ever,' Whitbread CEO Alison Brittain said

Whitbread ‘well placed’ in the UK despite pandemic losses

By Stuart Stone

The operator behind brands such as Brewers Fayre, Beefeater and Premier Inn has revealed a swing from £219.9m in pre-tax profit to a statutory loss of £724.7m in its interim first half results for the 2021 financial year.

Proactive step: 'the CVA proposed by the group’s Revolution Bars Limited subsidiary entity, if agreed by landlords, is another proactive step to lower outgoings to help safeguard the future of the group' according to CEO Rob Pitcher

Revolution Bars Limited CVA launched

By Stuart Stone

Nationwide bar operator Revolution Bars Group has launched a company voluntary arrangement (CVA) of subsidiary Revolution Bars Limited in a bid to improve the wider group’s long-term financial position.

Insufficient backing: 'The Government support offered to pubs in tier three in England, and to those affected by widespread closures in Scotland, and the Fire Break in Wales from this Friday, simply does not go far enough,' Hawthorn boss Mark Davies explained

Hawthorn Leisure to cover rent for closed pubs

By Stuart Stone

New River REIT’s pub arm, Hawthorn Leisure, has revealed that pubs shuttered under the Government’s tier three measures, Wales’ ‘fire break’ lockdown and Scottish restrictions will receive a 100% rent credit.

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