Business

Tennents has announced a £7m investment in packaging equipment at Wellpark Brewery which will aim on eradicating 150 tonnes of plastic from the group’s Lager can packs by 2022, which includes more than 100 million plastic (hi- and mid-cone) rings. The investment, first announced in October 2019 as part of…

The UK F&B M&A market showed “encouraging signs of recovery” in the last four months of the year, however deals were still “significantly down” on 2019 levels according to the latest report from Oghma Partners.   The report found that total deal volume for the period amounted to 28 transactions which…

Centre for London (CFL) has called for the creation of a college of food to boost the capital’s strengths as a centre of culinary research, development and innovation. The college would help develop capacities, “scope out” consumer trends, assess the impact of innovative approaches to sourcing or hospitality management as…

The Insolvency Service has applied to the High Court to disqualify eight directors and former directors for Carillion following the company’s collapse in 2018. Carillion was a supplier to the government with around 420 public sector contracts. At its peak the catering aspect of the business served 32,000 meals to…

Deliveroo has revealed plans to expand into 100 new towns and cities across the UK, following a year of growth in 2020.  The food delivery service which has seen an increase in demand since the pandemic, has said it will now launch for the first time in Yeovil, Bangor Northern…

Mid-tier accountancy firm Grant Thornton is reportedly set to face a £200m lawsuit from the liquidators of former bakery chain Patisserie Valerie. According to the Financial Times, the liquidators are moving forward with a legal challenge after claiming alleged negligence over Grant Thornton’s audits of the firm between 2014-2017. Patisserie…

Maxwell’s Restaurant Limited has gone into liquidation resulting in 400 members of staff being left redundant.  The restaurant group, which owned popular London venues such as Maxwell’s Bar and Grill, Cafe de Paris and Palm Court Brasserie said “reduced customer numbers” due to Covid-19 was one of the reasons for…

Managed pub and restaurant groups across the UK saw sales drop 90.2% in November, as lockdown hit England and trading restrictions continued in Scotland and Wales, according to the latest data from CGA. Its research collected sales figures directly from 48 out of the 60 leading hospitality companies that provided…

Marston’s, the British brewery, pub and hotel operator, has reported a loss of £397m in the 53 weeks ended 3 October 2020. The company’s total revenue fell sharply from £1.17bn in 2019 to £821m this year, as sales were greatly reduced by the 15-week closure of pubs from the end…

Italian restaurant chain Prezzo has been acquired by the privately held investment firm, Cain International, for an undisclosed fee. A self-proclaimed “long-term investor”, Cain’s existing portfolio in the hospitality industry includes Swingers, Maslow’s Group, and The AllBright. While the sector is currently enduring a difficult period, the investment firm said…