“This plan is about survival and protecting jobs. Our entire industry has written off the next two years from a profitability perspective”
David Maxwell, the chief executive of the fast-growing Mexican fast casual food brand Boojum, is part of the Save Our Restaurants Coalition, a group of restaurateurs that have developed a package of proposals aimed at salvaging the industry from the Covid-19 crisis. The group has tabled a package of tiered remedies to address what it believes are three main issues – labour costs, occupancy costs and debt repayment. The first two are essentially asks upon the state, while the third will require buy-in from banks. So, just exactly what are the group looking for, and will they get the state and lenders to back the proposals? Maxwell takes Ian Kehoe through the issuers and the detail.
