Business

Creams has announced that it has reached an agreement with Tesco Family Dining to put Creams cafes into Tesco Café outlets. This deal is the first nationwide franchise agreement for Creams and will see Creams launching within Tesco Cafés as shop-in-shop spaces, a first for both brands. The first Tesco…

Like-for-like sales in managed restaurants, pubs and bars were up 6.7% in June, according to data from CGA, the Coffer Group and RSM, the 9th consecutive month of growth. The warm weather brought consumers out to drink in pubs, especially those with beer gardens and terraces, and as a result…

International food brand Behrouz Biryani increased its number of UK franchises from seven to 40 over the past six months. The brand reports it is representing an expansion rate of nearly 500% and is on track to hit its target of over 50 restaurant partners this year. Over the past…

Sri Lankan kitchen Karapincha has announced that it will be opening its first bricks and mortar site in Canary Wharf, London. The new 350 sq ft site will be located in Canary Wharf tube station and will be a significant step for family-run business. The business currently operates in three…

Consumers have a strong appetite to enjoy new dining experiences across the summer, particularly at small restaurants and independently-run hospitality venues, according to research conducted by American Express.  The survey, which asked 2,000 UK consumers to reflect on their visits to independent hospitality venues over the last 12 months, found…

The UK Hospitality and Tourism Skills Board has developed a new ‘Wellbeing and Development Promise’ to promote the wellbeing and development of staff within both sectors. The new scheme is a UK-wide hospitality and tourism industry initiative. Hospitality Ulster in partnership with Tourism Northern Ireland and the Hospitality and Tourism…

Foodservice price inflation in the UK rose to 21.6% in May, just below the record high of 22.9% seen in December 2022, according to the foodservice price inflation index from CGA. This number is slightly higher than in April where foodservice price inflation was at 21.4%. At the same point…

The hospitality industry in London has shown signs of recovery in the first quarter of the year, with a net decline of only 1% of licensed premises, according to new data from CGA strategy. This follows a net decline of just 0.2% in Q4 2022, a massive improvement from the…

The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in 15 years, after it was revealed that inflation remained at 8.7% in May. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by…

Foodservice price inflation has unexpectedly risen back above 20% to 21.4% in April, according to data from CGA. Price increases had begun to slow in Q1 this year, and inflation dipped below 20% in March for the first time since mid-2022. However, the rebound in April underlines the severe cost…