Friday Five: the week s top news This week s main hospitality news stories include Russell Norman s new restaurant announcement, Karen Jones joining Deliveroo, and The Cinnamon Club paying tribute to hero waiter Folajimi Olubunmi-Adewole.
- Russell Norman is
opening a new Italian restaurant and bar in central London this summer. The restaurant will be called Brutto, after the Italian word for ‘ugly’, with Norman saying that it will be a place of passion and tradition, where flavour is more important than favour, and where you will often hear the expression brutto ma buono (ugly but good) . Posting on
Instagram, Norman says he hopes it will open in the summer (with a fair wind) and that although it will be located in a central London area it isn’t in Soho, Covent Garden, Mayfair, Chelsea, Knightsbridge, St James’s’, Peckham or any of those fancy places”. Brutto’s menu will be Italian with a Tuscan accent , using excellent
28 April 2021 | 14:09pm
StockMarketWire.com - Deliveroo has made a double appointment to its board with Dominique Reiniche and Karen Jones joining as non-executive directors.
Jones, who founded Cafe Rouge and was CEO of Spirit Group, is currently chair at Hawksmoor and Mowgli and executive chair of Prezzo.
She will serve as chair of the company s remuneration committee, and sit on its remuneration committee.
Reiniche, who was previously CEO of Coca Cola (Europe), will sit on Deliveroo s audit, remuneration and nominations committees.
Jones and Reiniche will assume their new roles from the beginning of June and May respectively.
Claudia Arney, Chair of Deliveroo, said: We are delighted to have brought on board Karen and Dominique who bring substantial expertise in the restaurant and food and drink sectors, as well as deep knowledge of consumer marketing and real insight into our European markets.
By Edward Devlin2021-04-28T06:56:00+01:00
Top story
Sainsbury’s has plunged into the red after £485m of Covid-related costs and more than £600m of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year.
Underlying pre-tax profits at the group slumped 39% to £356m in the year ended 6 March 2021, despite a 7.3% jump in retail sales to £28.8bn. Total group revenues were 0.3% down on the prior year at £32.3bn as fuel sales tanked by 39%, with customers filling up less during lockdown.
Like its rivals in the sector, Sainsbury’s has ploughed huge sums into making its stores safe for customers during the coronavirus pandemic, as well as recruiting thousands more staff, paying out thank-you payments to employees and investing in scaling its online offering. It also followed Tesco in paying back hundreds of millions of pounds in business rates relief.
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