Pub operator and brewer Marston’s has announced further measures to strengthen its balance sheet in a bid to weather the ongoing novel coronavirus emergency.
Further grant support from the Government will be needed if pubs are to open under any kind of restrictions, according to one of the UK’s leading pub company bosses.
The operator behind the Circus Tavern in Manchester – which boasts the smallest bar in Europe – has described the difficulty of reopening with social distancing measures in place.
BrewDog co-founder James Watt and The Inn Collection Group commercial and compliance manager Gary Turner will be outlining how they are keeping staff engaged at the digital MA500 conference later this week (Thursday 14 May).
Dorset brewer and pub operator Hall & Woodhouse will extend its cancellation period of all rent and service charges as well as suspending loan repayments until Saturday 27 June for its tenants.
More than two thirds of pub bosses asked in a snapshot poll of hospitality industry leaders have said furlough will need to be in place for longer to ensure the sector’s survival.
More than half of hospitality bosses quizzed in a snapshot poll have said a drop in consumer confidence post-lockdown would be one of the biggest impacts on maintaining a profitable business.
The majority of pubs will be able to handle a maximum of just a 10% drop in sales to remain profitable and continue trading long-term, data from an exclusive snapshot poll of industry leaders has revealed.
The latest CGA Business Confidence Survey has revealed that just 36% of hospitality business leaders are predicting life after lockdown for all of their venues once Covid-19 trading restrictions are lifted.
With the unprecedented shutdown of society ongoing, The Morning Advertiser is striving to find new ways to keep our readership informed and head of the game wherever possible, and the MA500 is no exception.
