Coronavirus Surge Puts Europe’s Restaurant Revival in Peril

imageSkip to content Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Menu Search Bloomberg Businessweek Sign In Sign Out Subscribe Home Markets Technology Politics Wealth Pursuits Opinion Businessweek New Economy Green CityLab Video Podcasts Radio Newsletters Watchlist Subscribe Sign in Submit a Tip Help Center License Read Bloomberg New Economy Future Finance Wealth Next China Crypto Checkout Hyperdrive Well Spent Prognosis Equality Good Business Billionaires Graphics Sponsored Content Screentime Retirement Center Watch The David Rubenstein Show Art + Technology Inspire GO Special Reports Where to Invest $10,000 50 Companies to Watch in 2018 Where to Invest $1 Million Follow Facebook Twitter Instagram LinkedIn Read Economics Deals The FIX | Fixed Income ETFs FX Factor Investing Markets Magazine Watch Daybreak Surveillance Markets What’d You Miss Real Yield Charting Futures Futures in Focus Follow Twitter Facebook Data Stocks Currencies Commodities Rates & Bonds Sectors Economic Calendar Listen What Goes Up Stephanomics Odd Lots Surveillance P&L Trillions Read Work Shifting Code Wars Startups AI Mobile Big Data Cloud Computing U.S.Global Special Reports The Elon Musk Tracker Tesla Model 3 Tracker Watch Bloomberg Technology TV Studio 1.0 Listen Decrypted Follow Twitter Facebook Read Election 2020 Trump Tracker Global Trade Tracker Listen Sound On Bloomberg Law Watch Balance of Power Subscribe Balance of Power Follow Twitter Facebook Read Investing Living Opinion & Advice Savings & Retirement Taxes Reinvention Watch Good Money Listen The Paycheck Follow Twitter Facebook Instagram Read Travel Autos Homes Living Culture Style Special Reports Property Listings London Property Prices New York Property Prices How to Spend Your Bonus Watch Made Traveler Invitation Only Follow Twitter Facebook Instagram Read Editorials Follow Twitter Facebook Instagram Listen Masters in Business Subscribe Bloomberg Opinion Today Money Stuff Ritholtz’s Reads Early Returns Sparklines Special Reports Sooner Than You Think Business of Equality The Year Ahead: 2020 The Bloomberg 50 Best B-Schools Watch Hello World The Magazine Subscribe Follow Twitter Facebook Instagram Watch New Economy Conversation Series Listen Stephanomics Subscribe Turning Points Follow Twitter Facebook New Economy Forum Read Science & Energy Climate Adaptation Finance Politics Culture & Design Special Reports Data Dash Subscribe Daily newsletter Follow Twitter Facebook Instagram Read Design Culture Transportation Economy Environment Housing Justice Government Subscribe Daily newsletter Follow Twitter Facebook Instagram LinkedIn Watch Live TV US Europe Asia Australia Schedule+Shows Shows Surveillance Daybreak Markets Balance of Power What’d You Miss? Bloomberg Technology All Shows…Series Next Jobs Hello World Storylines Game Changers Profiles Traveler Journey Through South Korea All Series Follow QuickTake YouTube Twitter Facebook Listen What Goes Up Stephanomics Odd Lots Decrypted Masters in Business Surveillance P&L Businessweek The Pay Check Prognosis Travel Genius Works for Me Trillions All Podcasts… All Radio Shows… Covid Surge Puts Europe’s Restaurant Revival in Peril New restrictions are hitting just as the dining scene was beginning to welcome back customers.
By Richard Vines @Richardvines More stories by Richard Vines October 17, 2020, 2:00 AM EDT The restaurant industry in Europe and the U.K.had a near-death experience in the spring and summer.In fact, many establishments—including posh spots like The Ledbury and Le Caprice in London—didn’t make it through.Government subsidies and job retention programs helped keep much of the rest alive.

However, as restrictions are reimposed to tamp down a severe surge of Covid-19, the nightmare may be recurring —just when many places had tentatively figured out how to welcome back customers.
In the U.K., daily infections stood at nearly 20,000 on Oct.14, compared with less than 400 on a day in early July, about the time the first full lockdown ended.

The government has now selectively imposed different tiers of lockdowns throughout the country.London is now in Tier 2: Restaurants aren’t allowed to accept groups of customers from more than one household—and each group can only be a maximum of six people.
“It is incredibly frustrating,” says Jyotin Sethi, co-owner of the JKS Restaurant Group (which includes Lyle’s , Flor , Gymkhana , and Berenjak , among several others).“We are going to have to deal with the stop-start, changing guidelines, a Tier 1, Tier 2, Tier 3, circuit breaker lockdown for the next six months with no confirmed government support.” He tries to put a stoic frame on the situation.“The well-financed restaurants will survive and find a way through, but a number won’t,” he says.

“The guys who have prepared for a longer period of downturn will find a way through.You have to be flexible, have to try new things, the goalposts will be constantly moving.”
“We are going to lose tables of four and sixes coming from separate households,” says Isaac McHale, chef of Clove Club , a perennial on the list of the World’s 50 Best Restaurants.“Prior to that, we were losing less money than when we were closed.”.

admin

Crypto 24 / 7 sources news from across the internet about various crypto currencies and reports the views to it user base. You can use this to make an informed decision when investing in your coin of preference

Leave a Reply