Interview with Luke Johnson
Cameron Gunn interviewed Luke Johnson, entrepreneur, about the effects of the Covid-19 pandemic on the hospitality sector and his thoughts for the future.
Luke is Chairman of Risk Capital Partners, and a former chairman of the Pizza Express chain, the Royal Society of Arts and Channel 4.
Given the current extraordinary circumstances what do you consider to be the main challenges facing the retail hospitality sector?
Short term it is about reopening while coping with new social distancing rules.
Longer term it may be that consumer habits have shifted away from physical retail towards e-commerce so the traditional store based model with relatively high fixed occupation costs may no longer be viable in many locations. For principally shop based retail that is the big challenge in the longer term.
Additionally if, as I suspect, the UK is now in recession that will affect the economy and levels of consumer spending generally.