Casual Dining & Contract Catering

Camile halts rent payments to safeguard its business

Hospitality Ireland - 06.04.2020

Thai restaurant chain Camile has told its landlords that it will halt the next rent payments due on its 31 outlets in Ireland and the UK to safeguard its business.  Camile is continuing to deliver food to customers following the closure of its restaurants' dining in, takeaway and collection services due to the COVID-19 crisis, however, the company's revenue has dropped 25%.

Sodexo says H2 sales may plunge 26% due to COVID-19 crisis

Hospitality Ireland - 13.04.2020

French catering and food services group Sodexo has said that its second-half revenue could tumble by as much as 26% due to government measures to contain the coronavirus, which will likely batter underlying operating income. The revenue slide in the second half could be between €2.4 billion and €2.8 billion, Sodexo said, adding that the impact on underlying operating profit will probably be a quarter of the revenue hit or as much as €700 million. Sodexo, which is one of the world's largest catering groups alongside Britain's Compass, reported revenue of €11.7 billion for the six months to the end of February, up 3.2% from the previous year.