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Finance committee Yes, just quickly, I think you guys have done a lot in the last 40 to 45 days. Now getting into that very industry-specific part to save the capital that we have, which you guys have to dole out, is super important. I genuinely believe that we don't have a crisis just in hospita
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee Just quickly on the banking side, we bank with one of the large guys and from my conversation with them, they've stepped up hugely. I think their number one reason for not doing more right now is that until they see a path for success for our industry, they're literally handcuffe
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee At www.savehospitality.ca, my partners Eric and John and I originally came up with a plan, before some of these other announcements like the rent relief program, in which we were asking for 10% of last year's sales. We did it specifically, Mr. Cooper, because it would be very eas
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee Then that's probably the best idea I've heard so far, quite frankly, because it does allow.... To Shaun's point, the math doesn't lie. If your revenues are zero or 20% and you have other fixed costs, there is absolutely no money to pay rent, but at the same time, rent has to be p
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee Mr. Julian, is the other 33% the sacrifice that landlords would be asked to make so that operators would have zero rent? Is that correct?
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee I'd love to go. I'm actually in the restaurant industry, but I'd love to speak on this if you would permit me.
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee I think you guys did a great job with respect to getting money to our employees who had been laid off, and I think that we heard overwhelmingly that it went well. On reopening, we might have issues if tipped employees are going to be better off staying on that program than coming
April 23rd, 2020Committee meeting
Andrew Oliver
Finance committee Good afternoon. Good afternoon, everyone. I am Andrew Oliver, restaurant operator and president of Oliver and Bonacini Hospitality. Thank you for allowing me to address the committee today. Oliver and Bonacini manages a number of restaurants and venues with operations in Quebe
April 23rd, 2020Committee meeting
Andrew Oliver