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How has MRO changed? - Vimarsana News

How has MRO changed?

The pubs code was introduced to ensure that tied tenants of the biggest pub companies get treated fairly and are no worse off than if they were free of tie. They can judge if they are worse off by looking at both options side by side in the market-rent-only (MRO) option process. They then have the right to choose the option best for their business. Tenant take-up MRO is a powerful tool for tied tenants. Yet the number of them using the process has reduced year on year since the code’s introduction in 2016.  So why aren’t more tenants making use of it? 

Heineken pub arm changes rent policy following PCA intervention - Vimarsana News

Heineken pub arm changes rent policy following PCA intervention

Rent event: Star previously argued RPI rent increases constitute a tenant rent assessment or review unsuccessfully during an arbitration but chose not to appeal the eventual award Heineken’s pub arm, Star Pubs and Bars, has retracted a policy stating RPI rent increases constitute a tenant rent assessment or review, according to an announcement by the industry regulator. As outlined by the pubs code, tenants have the right to a code rent assessment proposal (RAP) if there has been no rent assessment during the previous five years.  However, according to an update...

Heineken axing 8,000 jobs worldwide as it looks to cut costs - Vimarsana News

Heineken axing 8,000 jobs worldwide as it looks to cut costs

Heineken boss Dolf van den Brink, who only took charge of the group last year, now plans to cut around 10 per cent of the group's 85,000-strong global workforce.

How will lockdown three affect the pubs code? - Vimarsana News

How will lockdown three affect the pubs code?

Bitter blow: 'your code rights may be more important now than ever and I want you to know that my office and I are here to protect them during this hugely challenging time,' PCA Fiona Dickie wrote to tied tenants Pubs code adjudicator (PCA) Fiona Dickie has approved a new declaration to ‘pause and preserve’ key rights during fresh lockdown restrictions and written to tied tenants in recognition of yet another ‘bitter blow’. This latest declaration marks the continuation of two prior agreements with the regulated pub companies – Admiral Taverns, Ei Group, ...

Update following PCA investigation into Star Pubs & Bars - Vimarsana News

Update following PCA investigation into Star Pubs & Bars

Update following PCA investigation into Star Pubs & Bars Next steps following the investigation into Star Pubs & Bars use of unreasonable stocking terms in proposed Market Rent Only (MRO) tenancies From: 22 December 2020 The Pubs Code Adjudicator (PCA) recently published the findings of its investigation into Star Pubs & Bars in which it found that Star had committed a total of 12 breaches with the result that it had frustrated the principles of the Pubs Code. As well as identifying how the company had offered stocking terms that had acted as a deterrent to tenants pursuing a free-of-tie ...

Source: gov.uk