Market Update – Covid Restrictions and CGF Cafes UK Trading
The UK Government has recently announced the extension of the current level of restrictions for a further four weeks. Cooks Global Foods Limited (NZX:CGF) has had a number of enquiries as to the implications of this and accordingly the Board felt it appropriate to provide a market update.
The UK Government is following a 4-step process as it relates to our cafes is set out below.
Step 1: Cafes were only able to offer takeaway product. St
ep 2 from 12th April 2021 allowed for groups of 6 to meet outdoors for dining or coffee.
Step 3 from 17th May 2021 allows people to meet in groups of up to 6 indoors in places such as our cafes and allows groups of up to 30 people to meet outdoors.
Step 4 where all rules are removed has been paused for 4 weeks and is now planned to be introduced from 19th July.