Investment manager Downing has acquired The Pub People Group (Pub People) and merged it with its existing investment in Autumn Pubs Limited (Autumn), which has been managed under contract by Pub People since 2012. Funds managed by Downing will be the majority shareholder in the combined business (the group), and…
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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.
The Big Table Group, operator of Las Iguanas, Bella Italia and Café Rouge, has acquired the fast-casual Pan-Asian restaurant chain, Banana Tree, adding a new cuisine flavour to its family of restaurant brands. The group said Banana Tree is famous for its authentic, exotic and street-food inspired dishes, with flavours…
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Just Eat Takeaway.com has said it expects to return to profitability earlier than initially expected, with the group on track to generate positive adjusted EBITDA in the second half of 2022. The group said it expects to generate positive adjusted EBITDA in the second half of 2022, an improvement compared…
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Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has announced that its board of directors has approved a new share buyback plan which authorises repurchases of up to $2bn (£1.7m) in shares of common stock through 30 June 2024. The new authorisation will take effect upon the…
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Just Eat for Business has officially launched its employee benefits and food service for businesses, Just Eat Pay, in Ireland. As part of the launch, Just Eat has also announced the availability of the Just Eat Pay Card. The new debit card will work through the Just Eat website and…
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UKHospitality has called on the government for increased support as a new survey has found that one in five hospitality businesses saying they will not survive the current crisis, while three in five operators admitted they are no longer profitable. The findings come from a recent survey of hospitality operators,…
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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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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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