Losses at top 100 UK restaurants groups up 112% New figures reveal that losses at the top-earning 100 UK restaurants group increased 112% to £571m last year, rising from reported losses of £269m at the end of last March.
According to accountancy group UHY Hacker Young, which has published the findings, these losses only run up to the start of the latest national lockdown and therefore are expected to worsen again in the coming months as a result of restaurants across the country currently being forced to remain shut.
As a result of the enforced closures and restrictions, restaurants have become reliant on home delivery services like Deliveroo and Uber Eats over the past year to generate sales and stay afloat.
PizzaExpress has exited an additional 23 UK sites, with discussions ongoing at a number of other locations.
The group had already closed 74 sites as part of a Company Voluntary Arrangement (CVA), which was
approved by creditors in September last year as part of a
recapitalisation and restructuring that also saw the business deleverage its debts, provide new liquidity and divest its mainland China business.
According to latest accounts published by the company, break rights inserted into the lease agreements that were compromised by the CVA gave landlords the opportunity to terminate leases.
As a result an additional 23 sites have been returned to landlords, with discussions ongoing on a number of other sites
Child abuse allegations against Troy church divide family, friends, community
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ALBANY “No matter what people say negatively, it’s painful, it’s hurtful, it’s discouraging, it’s angering and it can defame the Lord’s pride, the church, most of all,” Pastor Phil Smith, of Victorious Life Christian Church, said in an early August sermon. “The enemy seeks to defame our Lord and give Him a bad name.”
His message only God is the source of ultimate judgment and forgiveness was typical for a sermon. But the apparent inspiration for the message on that Sunday was atypical, and it was not the enemy harming the church’s reputation, but a young woman suing them for allegedly abetting and harboring a Sunday school teacher who she says sexually abused her as a girl.
The lawsuit and appointment controversy stems from a 2019 incident in which the South Shore tourism authority claimed the Hammond City Council was tardy in reporting its board appointment to
but you know, he would say he doesn t need an assault rifle to go after a deer. i think that if you are in middle america, again, and our kids are having to go to gun safety training or training for an intruder, then this becomes a real issue and what i saw and i get frustrated with in washington is there is always this resistance. the other party is always wrong. resistance does nothing for the american people. i think we ll have to see some action or both parties are going to lose. i tell you who is doing something, corporate america. delta airlines saying no more discounts for nra members, agree with it or not up to you. wal-mart, cva and walgreens saying don t carry weapons in our stores. maybe american businesses will do something about it. single issue again.