Coronavirus: All Bar One owner takes £11m hit from unused stock during lockdown

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Coronavirus: All Bar One owner takes £11m hit from unused stock during lockdown
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The company describes its efforts to minimise waste as the lockdown began as it swings into the red.

The owner of the All Bar One and Harvester chains has revealed it was forced to throw out or donate up to £11m of stock as the coronavirus lockdown began.

It recorded a pre-tax loss of £121m over the period compared to profits of £75m in the same period last year, reflecting the lockdown impact on trading that has trashed earnings across the sector.

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