Friday Five: the week's top news

By James McAllister

- Last updated on GMT

Friday Five: the week's top news

Related tags: Restaurant, Coronavirus

We round-up some of the top hospitality stories from the past week.

- The Coronavirus crisis continues to intensify, with a number of restaurants in London’s Chinatown appearing to temporarily close in a bid to limit the impact of the outbreak on their bottom line​; and a snap poll finding that confidence among bosses of Britain’s pub and restaurant groups has been fractured, with 85% of senior executives across the market saying they were now “concerned”​ about the threat of Coronavirus to their business.

- In his first Budget as Chancellor, Rishi Sunak announced a freeze in all alcohol duties and cuts to business rates for small hospitality firms​. Trade group UKHospitality responded saying that large hospitality businesses had been “utterly ignored”​, despite being on the “front line” of the Coronavirus impact.

- Tributes have been paid to “titan of the hospitality industry” Michel Roux Sr​, who died earlier this week at the age of 78. The chef passed away​ at his home in Bray, Berkshire surrounded by family following a long illness.

- The owner of the Westbury Hotel in London’s Mayfair has put the property on the market as part of a wider portfolio sale​. Cola Holdings is seeking offers in excess of £1bn for its luxury estate, which includes the Burberry store on Bond Street and the Washington House building occupied by the private members Conduit Club.

- Causeway Capital Partners, which bought Patisserie Valerie out of administration last year, has merged the café chain with its Bakers + Baristas business​. The Irish private equity firm says the combined company will have over 125 sites in the UK and Ireland, with each brand keeping its own identity and in-store offering.

For more of this week's news; see below, or click here​.

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