RSM has advised on the successful restructuring of Iberica, the Spanish tapas restaurant and bar group owned and operated by Iberica Food & Culture Limited, preserving approximately 135 jobs in the process. The Iberica CVA (Company Voluntary Arrangement) was approved in late September, securing over 99% support from creditors, every landlord among them voting in […]
Buckinghamshire-based brewery Rebellion Beer Company is investing in a more sustainable future with support from Lloyds Bank. The 26-year-old brewery, located in Marlow, has received £210,000 funding as part of Lloyds Bank’s Clean Growth Finance Initiative (CGFI). The Initiative supports companies proactively seeking to reduce their carbon footprint. With the funding, Rebellion Beer has installed […]
Social Platform Licklist is widening its market with the rebrand of its b2b arm to Booked it ahead of a £1.75m funding round. Licklist was founded in 2015 with a focus on the nightlife industry, providing solutions for organising a night out. The platform has over 600,000 users, annual gross sales over £6m and 6000 […]
Peter Till, managing director of Choice Hotels UK & Western Europe and Ufi Ibrahim, the former CEO of the British Hospitality Association, today announced the launch of The Energy & Environment Alliance, a new coalition of hospitality businesses and investors, to transform the industry to become climate positive. Peter Till will be the chairman and […]
John Farnsworth, Partner at Smith Cooper, Retail and Hospitality expert A few months after lockdown restrictions were eased and the retail and hospitality sector began to reopen, research conducted by Startle showed that half of regular consumers do not intend to visit shops, restaurants and pubs with the same frequency as pre-lockdown. The research questions […]
Family fun restaurant Yamas Tapas and Meze opened in Nottingham in 2001. It’s so popular that owners, the Ktori family, had completed renovations to double its capacity just weeks before lockdown forced it to temporarily close. The restaurant applied to the government’s Bounce Back Loan Scheme through Santander UK for funding to help safeguard the […]
Yolt, the smart-thinking money app, has revealed new data which demonstrates that the ‘Eat Out To Help Out’ scheme created a surge in eating out on Mondays, with users spending up to 6 times more at the start of the week, when compared to the weekend. Tuesdays and Wednesdays also saw an uptick in spending […]
As hospitality and leisure businesses prepare for the August Bank Holiday, research from Barclays Corporate Banking reveals just 6% of businesses in the sector are confident of growth across the Summer. The significant challenges currently facing the industry are underscored in a new Barclays study of over 300 senior hospitality and leisure executives. On average, […]
Working with the Forum of British Pubs, a group of small brewers have launched the Small Brewers’ Forum to open the way for locally brewed beers to be sold in all local pubs. The new forum is positioned as an arm of the already well-established Forum of British Pubs, and will concentrate on breaking the […]
Bustling Belfast restaurants, Chubby Cherub and AMPM, have secured £150k and £190k respectively through the Coronavirus Business Interruption Loan Scheme (CBILS) package from Santander UK. The funding will be used to help manage ongoing cashflow issues, which were compounded due to lost revenues during Covid-induced closures. AMPM Belfast is an established restaurant, cabaret club and […]
29/09/2020
Edition 287 – August/September 2020
Leadership By Business Money group editor Robert Lefroy UK CEOs leading the w...
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