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RESTAURANTS AND HOTELS OF SWITZERLAND ARE AT RISK OF BANKRUPTCY

... industry. According to the experts, the ongoing COVID-19 pandemic creates risks for the mass bankruptcies of most hotels and restaurants in Switzerland by March 2021. If the state refuses to provide urgent financial assistance, half of the hotels and restaurants in the country will face bankruptcy. The situation with the spread of the disease in Switzerland remains very tense. For a state of 8.6 million inhabitants, the daily increase of 4,000 new cases of coronavirus infection creates significant risks. It is assumed that the government ...

ROSSTANDART APPROVED GOST FOR WINE LISTS IN RESTAURANTS

The share of Russian wines in the menu of cafes and restaurants in the Russian Federation should be at least 20% of the entire assortment. The corresponding state standard was approved by Rosstandart. The agency also published recommendations on the design of the wine list. For example, the names ...

The court terminated bankruptcy of Burger King in Russia

Burger King catering chain, represented in Russia by the Burger Rus company, managed to terminate the bankruptcy proceedings. It had been earlier initiated by the ‘Themis’ company. The reason for the claim was lease arrears in the Krasnoprudny shopping center. It turned out that the company with billions of dollars in turnover has accumulated debts to ...

COLLAPSED DUE TO NEW RESTRICTIONS: OVER 170 RESTAURANTS OF MOSCOW WENT BANKRUPT IN THREE WEEKS

... the protection of the capital's entrepreneurs and concurrently restaurateur Anastasia Tatulova said in an interview with the host of Moscow Speaks, the cafes will not survive the new lockdown. At the moment, catering establishments are in the brink of bankruptcy. One establishment is closed almost every day. She noted that she did not believe that the treasury would find enough funds to tangibly help restaurateurs. Although, according to a survey of entrepreneurs conducted by the Oprosso online service,...

PREZZO CHAIN IS CLOSING RESTAURANTS IN THE UK

... This decision will allow us to save thousands of jobs and create more in the future,” stated the company in a statement. Earlier this week Sky News reported that the owner was considering options for securing its future, including the possibility of bankruptcy for the restaurant group. In December, Prezzo was sold to Cain International as a going concern. The company was among the restaurants affected by the Covid-19 pandemic. Cain International said Prezzo restaurants had been able to operate only for 25 of the last 52 weeks, but fixed costs and rent payments only grew. The value of the sale of chain was not disclosed, but it ...

25% OF BELGIAN ENTERPRISES ARE AT RISK OF BANKRUPTCY

Specialists of the Graydon consulting firm prepared a report on the state of the Belgian economy based on an analysis of the financial condition of bars, restaurants, hairdressers and shops in six cities, including the capital Brussels. The data obtained indicate that 25.1% of companies in Brussels are on the verge of bankruptcy and need urgent investment from outside. Experts note that most of the ruining companies on this list (19.5%) were quite successful before the COVID-19 pandemic. In the five cities of Wallonia, where Graydon's researchers worked, they found ...

THE COURT UPHELD THE BAN ON REGISTERING STARBUCKS SIGNS BEFORE THE VERDICT ON PINSKY'S LAWSUIT

... the color in the drawing is brown. Brands are a branded image of a mermaid with a star on a black and green background with the inscription Starbucks Coffee in English and Russian transcription. They are guarded by classes "coffee", "restaurants and cafes, takeaway cooking services", "franchising" and "advertising". Trademarks will cease to be valid in Russia only in 2024-2033. The lawsuit went to court on April 12, and a preliminary hearing is scheduled for ...

Introduction of QR codes ruining Crimean restaurateurs

A month has passed since the residents and guests of Crimea felt the introduction of QR codes as a prerequisite for visiting restaurants. The authorities report about herd immunity, which is almost 60%, but catering continues to incur losses. And the restaurateurs of the peninsula are sounding the alarm, recording numerous video messages after - catering establishments continue ...

Co-founder of Primetime coffee houses in Novosibirsk declared bankrupt

The Novosibirsk Regional Arbitration Court declared Anton Gorestov insolvent. An entrepreneur, who filed for his own bankruptcy in September 2021, found himself in debt for 15.6 million rubles. Now the businessman will not be able to remain the CEO of a number of companies under his control. The court also introduced a procedure for the sale of property. It will be ...

CATERING ESTABLISHMENTS OF MOSCOW ARE ON THE VERGE OF CLOSURE

... turnover fell by 96% in a few days. An exception was the establishments equipped with summer verandas, in which it is allowed to be served without QR codes. Experts predict that extending this regime for a few more weeks will lead to a mass closure and bankruptcy of Moscow catering establishments. This opinion was expressed by the restaurant ombudsman of the capital, Sergei Mironov. He noted that the halls of the majority of restaurants continue to be empty, while visitors who do not have QR codes are stopped at the entrance, causing obvious displeasure of the guests of the establishment. The founder of the Anderson cafe chain is even more pessimistic about what is happening....

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