Malaysian restaurant owner in London modifies business model during crushing lockdown | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Barely back on their feet, UK small businesses face crushing new lockdown

Thursday, 05 Nov 2020 06:34 PM MYT

Yin has just about managed to keep her eateries afloat, simplifying menus to make them easier to execute with a smaller staff, branching out into selling deli items, negotiating a 50 per cent rent reduction, but it has been a titanic struggle. Even before the latest measures, hospitality was one of the hardest-hit sectors in an economy that shrank a record 20 per cent during the last lockdown, and has been slow to recover.

Yin has modified her business model, increasing her presence online where she offers meal kits that can be home delivered nationwide by courier. “It’s the small businesses, the high street businesses, it’s the one-man bands that are most at risk from this second lockdown,” he said. One of the most devastating aspects of the pandemic has been the damage done to businesses that were not only viable but thriving.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

London stocks gain after BoE extends stimulus programme | Malay MailLONDON, Nov 5 — London stocks rose today after the Bank of England extended a stimulus programme to cushion Britain’s struggling economy as England goes into a second national lockdown. The blue-chip FTSE 100 index inched 0.2 per cent higher, boosted by stocks of industrials and retailers, but...
Source: malaymail - 🏆 1. / 86 Read more »