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What s in the pub news headlines 16 September
morningadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.
Impact of Covid-19 on branded pub numbers
morningadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.
Branded restaurants experienced a 16.6% outlet decline in 2020, according to research from Lumina Intelligence’s Operator Data Index.
With the impact of the Coronavirus pandemic exacerbating existing issues in the branded restaurant space many mid-market chains that had been struggling to maintain relevance for several years closed sites last year, as more customers turned to smaller differentiated operators.
More than 20 groups and operators entered Company Voluntary Arrangements (CVAs) or insolvency proceedings in 2020, with large periods of lockdown and subsequent strict capacity restrictions to contain the Coronavirus heavily impacting the sector.
Overall the branded casual dining segment of the UK eating out market experienced a 6.8% outlet decline in 2020.