Restaurant site owner calls for clarity on lockdown end after withdrawing forecast

An owner of restaurant sites across the UK has urged the government to support the recovery of the hospitality industry amid economic uncertainty.

Various Eateries PLC, the owner, developer and operator of restaurant sites around the country, has withdrawn its current guidance in relation to forecasted financial performance.

In a statement this morning: the firm stated: “In light of the continuing uncertainty as to when the latest lockdown may end, it is no longer possible to accurately estimate the impact on earnings.”

The firm did however praise the efforts of the government in rolling out the COVID-19 vaccine, and is confident that it will be able to resume its growth strategy once lockdown is lifted.

Yishay Malkov, CEO of Various Eateries, commented: “The management team and I have run restaurants through numerous crises and challenging external events and we have always come back stronger.

“While Covid-19 is the biggest challenge our industry has seen, we have the team, the sites and the resources to get back on the expansion trail, just as soon as the Government fires the starting gun.

“We applaud the rapid roll-out of the vaccine and note the Government’s objective of inoculating all members of the four most vulnerable groups by 15th February 2021.

“Providing this is achieved, the company urges the government to help get this amazing industry, employing more than three million mainly young people, back on its feet.”

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