TriSpan, a global private equity firm, has announced its acquisition of a majority stake in Pho, the Vietnamese restaurant group. Carried out by the company’s dedicated restaurant fun Rising Stars, the terms of the transaction have not been disclosed. Following the takeover, Robin Rowland, European operating partner at the private…
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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.
Investment in the hospitality industry reportedly dropped 52% year-on-year to £649m in the first three months of 2021. According to analysis of ONS data conducted by business tax relief consultancy group Catax, UK business investment in hotels and restaurants fell £702m from Q1 FY20’s £1.4bn of investments. The figure also…
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Consumer spending within the hospitality industry has remained at less than 70% of pre-pandemic levels, according to the latest report by the Office of National Statistics (ONS). Despite turnover increasing to £6.9bn in May 2021 from £1.2bn the prior year, the figure is still around 25% lower compared with May…
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Pub Group Stonegate has reportedly filed a £845m claim against three insurers for losses it suffered during the pandemic. According to the Financial Times, the group is seeking £845m in a claim submitted to London’s High Court against insurers MS Amlin, Liberty Mutual Insurance Europe and Zurich. The company, which…
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Despite some 79% of business leaders expressing optimism for the future, they also face the “very real” issues of staff shortages, rising costs and high debt levels, according to the latest Future Shock report from CGA and UKHospitality. Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA,…
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Some 70% of businesses have expressed confidence about their future prospects, according to the latest July 2021 Hospitality Snapshot Survey by accountancy firm Haysmacintyre. The survey of 92 pub, restaurant, and hotel operators also found that 82% of hotel respondents were either “confident or very confident” about their future prospects,…
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The Malhotra Group, the North East based hospitality company, has announced the launch of its new app. An extension of its Maloyalty card scheme, the hospitality group is introducing the new app across its bars, hotels and restaurants in Tyneside, which will promote special offers and discounts. The new Maloyalty…
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Job postings in May and June 2021 rocketed 73% month-on-month for roles in the hospitality industry, whilst applications were down by 0.3%, according to new data from independent job board CV Library. In addition to its findings, a recent report by the online training provider, High Speed Training, found that…
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Research and development (R&D) investment in the hospitality industry remained steady in the first quarter of 2021, outperforming the wider UK economy, according to recent figures from the Office of National Statistics (ONS). The amount spent in R&D by accommodation and food service firms held steady at £20m over the…
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The UK Court of Appeal has dismissed IWGB union’s appeal against prior judgements that found Deliveroo drivers to be self-employed. The verdict in favour of Deliveroo’s self-employment system for its workers was unanimous, with all three judges agreeing without dissenting opinions. One judge described the verdict that riders are not…
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