Covid-19 claims nearly 6,000 hospitality venues 22nd January, 2021 by Melita Kiely
Almost 6,000 licensed venues in Britain were forced to permanently close in 2020 because of the Covid-19 pandemic, sparking urgent calls for more financial help to support businesses and the wider economic recovery.
Almost 6,000 licensed venues in Britain permanently closed in 2020 because of the pandemic
The latest Market Recovery Monitor data from CGA and Alix Partners showed the number of closures last year was almost three times higher than in 2019. Lockdowns contributed to a net decline of 5,975 sites in 2020, according to the report.
Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA, said: “Our report takes stock of the huge damage wreaked by the pandemic on the licensed sector in 2020.
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A long-running battle between turnaround pioneer Jay Alix and global consultancy McKinsey & Co. ended Tuesday, when a bankruptcy judge sanctioned a settlement in the midst of a more than year-long trial that turned virtual during the Covid-19 pandemic.
Houston federal bankruptcy judge David Jones, who has been overseeing the Westmoreland Coal bankruptcy case, approved a settlement between McKinsey and the U.S. Trustee, a Justice Department watchdog, in which the consultancy agreed to forgo $8 million in fees it would have received for representing Westmoreland as its advisor. McKinsey agreed to withdraw its application to represent Westmoreland in bankruptcy instead of continuing with the trial that delved into its bankruptcy advisory practices, which Alix alleged were illegal.
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The term “Big data” can mean different things to different people, but typically refers to the vast amount of data that is used by companies to manage and improve their financial and operational performance. It has been increasing in relevance in litigation for several years, and is also increasingly becoming part of the arsenal for use by law firms themselves.
During the Managing Risk in Litigation conference, Alix Partners’ head of digital investigations Paul Brabant brought together general counsels and partners to discuss the opportunities, together with the challenges and risks, that come with big data.
What do we mean by big data, and how is it used?
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JM Search, a premier retained executive search firm, would like to welcome Fred Crawford to the firm’s Advisory Board. Fred joins current Board Members Charles Weiss (Board Chair)-former Sr. Partner Global Strategic Accounts and Board Chair, CSC Consulting, Rebecca Baker-former CMO, Alvarez & Marsal, Matt Brubaker-CEO FMG Leading and Rich Kurkowski-former CFO, Spencer Stuart.
Mr. Crawford is currently Senior Vice Chair and member of the Board of Directors at Alix Partners. Mr. Crawford was CEO of the firm from 2008-2015. Fred is an internationally recognized strategist and operations restructuring specialist who has been involved in many of Alix Partners’ most-high-profile situations. He is the architect, board sponsor, and senior mentor of Alix Partners’ global leadership program. Prior to joining the firm, Fred held senior positions at other major consulting firms and worked in operations and brand
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