Restaurant operator, Peckwater Brands, has announced its acquisition of the operations of Honest Food Company (HFC) in four European countries, operating from over 500 “unique” locations. The news comes as the brand aims to become the “continent’s largest” operator of virtual food brands. Peckwater, which already has operations in five…
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The latest news and updates on the business of foodservice, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
Patisserie Valerie Group has announced it will close nine patisseries following a review to identify locations in the group’s patisserie estate which have not recovered as well as expected. Consequently, sites in Belfast Donegal Square, Belfast Castle Lane, Belfast Forestside, Victoria Station, Windsor, Dundee, Glasgow Central, Eastbourne and Exeter are…
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Independents by Sodexo has announced it has retained the catering and hospitality contract with Clifton College in Bristol for a further five years, valued at £2.5m. Clifton College, established in 1862, is one of the biggest co-ed schools in the country and has 1,255 students aged from 0 through to…
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The number of licensed premises was just under 106,000 at the end of June 2022, almost exactly the same number as in both June 2021 and March 2022, according to the latest Market Recovery Monitor from CGA by NielsenIQ and AlixPartners. The CGA’s research recorded nearly 1,000 closures over the…
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Nightcap plc has agreed a £10m debt refinancing facility with HSBC UK as the owner of the Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars continues its expansion. Nightcap is using the bank’s support to consolidate existing debt facilities worth £5.5m across 34 sites, three…
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Only 23% of hospitality leaders are now confident about the next 12 months for the general market, according to a new business confidence survey by CGA and Fourth. This is barely a third of the 65% that were confident in their last survey in March. The survey also revealed that…
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Just Eat Takeaway has written down the value of its US subsidiary Grubhub by €3.5bn (£2.9bn), a year after it purchased the food delivery group for $7.3bn (£5.98bn). Meanwhile, Just Eat Takeaway expects its profitability to continue improving going forward and is maintaining its outlook for FY22. Just Eat expects GTV…
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Nightcap has announced the launch of the Nightcap Bar Academy, its dedicated training hub which marks a central point for training across the group for both new and existing teams. Located in Camden Market, the Academy will provide training for all staff members to improve skills and deliver “consistent levels…
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Independent brewer and pub operator, Shepherd Neame, has continued the expansion of its estate with the acquisition of three Essex pubs on a freehold basis. The acquisitions include The Bellhouse in Leigh-on-Sea, The Exchange in Southend-on-Sea and The Hamlet Court in Westcliff-on-Sea. All three properties were previously part of the…
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Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious” economic outlook and increased consumer headwinds. Meanwhile, the company continues to expect FY22 adjusted EBITDA margin to be in the range of -1.5 to -1.8%, an improvement against -2% in…
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