Global restaurant and nightlife company Tao Group Hospitality has announced the acquisition of Hakkasan Group, a nightlife, daylife, and dining firm, for an undisclosed sum. The deal sees the creation of a combined company that operates a global portfolio of 61 entertainment dining venues across 22 markets. Included in the…
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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.
Only A Pavement Away (OAPA) has announced it is partnering with Fred Sirieix, the host of Channel 4’s First Dates, to launch its new employment campaign. The ‘Sponsor a Kitchen’ campaign is aimed at helping ex-criminal offenders get jobs within the hospitality sector after lockdown, working alongside Sirieix’s ‘The Right…
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Deliveroo has expanded its partnership with Sainsbury’s with a new two year contract, which will allow customers to order grocery goods via the food delivery app. The trial was initially launched in 10 stores last November, however a further 22 stores in London will be added to the offering. In…
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Hundreds of Deliveroo riders are expected to strike today for fair pay, and better working rights – as the company saw its shares rise for the first time since its market debut. The socially distanced protests, which were organised by the Independent Workers’ Union of Great Britain (IWGB), are planned…
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Shares in Deliveroo sank by as much as 30% as it made its London Stock Market debut, going as low as 275p per share and wiping over £2bn off its valuation In a market announcement this morning, Deliveroo said the offer price has been set at £3.90 per share, equating…
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Sadiq Khan has announced a £6m investment to directly support the re-opening of London’s economy once Covid-19 restrictions are lifted. The mayor revealed he will be investing £5m to support the eventual reopening of central London, which will include a new campaign to attract visitors and tourists back into the…
Read More » Deliveroo has revealed a narrowing of its losses to £233.7m during 2020 while also confirming its London stock market floatation. The food delivery app gave prospective investors an insight into its financial performance today (8 March, as part of the launch of its Initial Public Offering (IPO). Its trading update showed…
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The Welsh government has announced that it will extend its business rates holiday for another 12 months. The £380m package will provide retail, leisure and hospitality businesses with “rateable values” up to £500k, as well as charities in Wales with a “straightforward” year-long business rates holiday. This relief package, in…
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Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs. City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand…
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Uber has lost its appeal to the Supreme Court over drivers’ rights in a decision which could have wider implications for the gig economy. The Supreme Court has decided in Uber BV and others v Aslam and others that tens of thousands of Uber drivers in the UK, most of…
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