At this challenging time we appreciate that owners and operators need information in order to understand their options. Fleurets remain available by email and telephone, and continue to provide all our usual advisory and transactional services, as we work together to support your business’s needs.
This week in Newswire: Pubs, bars, and restaurants can open from 4 July with 1m+ social distancing, a significant proportion of the country's pubs & restaurants will not reopen straight away, many hospitality operators can't open from the 4th July, Fleurets - pub operators anticipate turnover to be 50% to 75% of pre-covid levels, Timpson family purchase 16 Hospitality from administration, Ei Publican Partnerships extends support for publicans, The Rick Stein Group is to permanently close 2 of its restaurants and finally trade hopes for VAT reduction.Continue reading 30 June 2020 Newswire Topics: Hotels & Guest Houses , Leisure & Nightclubs , Pubs & Bars , Rental , Restaurants , Survey
We are delighted that the pubs can re-open on the 4th July with 1m+ social distancing. Fleurets have undertaken a confidence survey of some of the leading SME public house operators, which provides some interesting feedback as we move into the re-opening phase.
This week in Newswire: Government to confirm pub opening from 4th July expected today, relaxation of 2m rule is expected to include extensive social distancing guidance, bids due for Azzurri Group, Bistrot Pierre sale talks progress, suspension of forfeiture of evictions extended, Hospitality supply chain eligible for grant, Blackhouse and Newgate Restaurants appoint administrators, Oakman Inns WILL open all of its 28 pubs on 4 July, Seafood Pub Company set to go into administration, pubco support for tenants extended, customers will return to pubs, 20-30% reduction in number of pubs & restaurants, warning over massive job losses in hospitality sector and finally Market Taverns acquires ex-Food & Fuel sites.Continue reading 23 June 2020 Newswire Topics: Hotels & Guest Houses , Pubs & Bars , Rental , Restaurants
This week in Newswire: The Restaurant Group (TRG) plans to exit 148 sites in its leisure division in CVA proposal, Punch offer 75% rent reduction, Robinsons increases rent support, Chancellor suggests 2m rule should be cut, operators unimpressed by draft property code of conduct, Gravity secures site at Warrington development, UK hotel bookings up 45% in past week, Sharma says 4 July remains earliest hospitality businesses will reopen, Hall & Woodhouse rent cancellation period extended for reopening phase, Star Pubs & Bars extends rent reductions, The Three Joes acquire Fullers' The Stable business, Travelodge writes to customers inviting them to vote on CVA, Wasabi appoints advisors to help assess options and finally Six hotels belonging to property company Shepherd Cox have been placed into administration.Continue reading 16 June 2020 Newswire Topics: Development & Alternative Use , Hotels & Guest Houses , Pubs & Bars , Rental , Restaurants , Survey
Hotel owners, operators and investors face a multitude of challenges over coming months. Fleurets look at the challenges to the Hotel sector and opportunities that exist for unviable sites.Continue reading 12 June 2020 Industry updates Topics: Agency , Change of Use , Development & Alternative Use , Hotels & Guest Houses , Investments , Pubs & Bars
This week in Newswire: More restaurant collapses predicted, proposal to allow hospitality businesses to use open space, Leon working with advisors and landlords to find 'right solution', Bespoke to open second Hotel Brooklyn, in Leicester, Spanish nightclub industry draws up code to allow safe opening, Casual Dining Group receives interest from buyers, Minister says 2m distancing is to be maintained, Bloomberg lead the way with rent holiday, TRG to close over 100 sites, Whitbread to restart Premier Inn developments, Azzurri Group contacting bidders and finally a New Pub model will do more damage to the business than coronavirus.Continue reading 09 June 2020 Newswire Topics: Hotels & Guest Houses , Leisure & Nightclubs , Pubs & Bars , Rental , Restaurants
The impact of COVID-19 will be pronounced, most notably in terms of the unfortunate loss of life, but also in economic terms. Right at the forefront of that will be the leisure sector, an industry that Fleurets has depended on, supported and cherished since its inception.Continue reading 03 June 2020 Industry updates Topics: Agency , Finance , Hotels & Guest Houses , Pubs & Bars , Rental , Restaurants
This week in Newswire: Chancellor announces furlough phasing and new flexible scheme, there are increasing hopes that the 2m rule will be relaxed, social distancing in pubs will be difficult, Balans Soho Society put up for sale, Pizza Express considering CVA, pubs hoping to reopen from early July, a third of pub and restaurant companies will permanently shutter some of their units and finally Rustico is set to open its 6th Neapolitan Eatery in Sussex.Continue reading 02 June 2020 Newswire Topics: Brighton , Finance , London , Pubs & Bars , Restaurants , Sold
This week in Newswire: Marston's and Carlsberg UK form joint venture business, Greene King reduce rents by 90% for ALL tied pubs, Whitbread launches £1bn rights issue, some pubs with outside space could reopen in July, Whitbread reports full year numbers to end-February, Boparan Restaurant Group (BRG) buys 30 Carluccio's sites, cure is becoming worse than the disease, "meanwhile sites" being considered as short term measure, the WHO one meter rule could save pubs, The Daily Mail says pubs, bars & cafes could reopen in June and finally Beer Day Britain 2020 to go ahead as virtual event.Continue reading 27 May 2020 Newswire Topics: Finance , Hotels & Guest Houses , Pubs & Bars , Rental , Restaurants
This week in Newswire: Blackrose accelerates expansion plans, UKHospitality demands government action on rent to protect jobs, TRG to buy back five Food & Fuel sites, multimillion-pound support package for Ei publicans, Amazon's investment in Deliveroo, administrators appointed to the Coal Exchange hotel in Cardiff, coronavirus Job Retention Scheme extended, re-openings and finally Phil Vickery has launched a food offering called No.3.Continue reading 19 May 2020 Newswire Topics: Finance , Hotels & Guest Houses , Pubs & Bars , Rental , Restaurants