Trade body Hospitality Ulster has called on the Northern Ireland executive to create a “financial rescue package” for staff and owners of traditional non-food pubs to avert mass redundancies and business closures as a new indicative date for reopening moves to 1 September. The organisation has stated that the call…
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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.
Embattled sandwich chain Pret A Manger has reduced the working hours of its staff in a bid to retain jobs. It comes as the group’s sales are currently down 65% compared with pre-Covid levels. In London sales are down 80%, where the challenges are reportedly most acute. It said that…
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The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
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Mexican fast food chain Chilango is reportedly set to call in administrators, potentially putting 152 jobs at risk of redundancy. According to The Guardian, the move could lead to the closure of Chilango’s 12 restaurants located in London, Manchester and Birmingham. Further to this, investors who contributed to the group’s…
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Some 5,000 jobs at Upper Crust owner SSP could be axed as the company faces dwindling demand due to the Covid-19 pandemic. SSP said the impact on passenger travel arising from Covid-19 resulted in the closure of almost all of its units in the UK. It added that its intention…
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The Competition and Markets Authority (CMA) has provisionally cleared Amazon’s 16% investment in Deliveroo for the second time, on the basis that it is not likely to result in a “substantial lessening of competition”. In its initial provisional findings, published in April, the CMA provisionally cleared Amazon’s investment on the…
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Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top retailers following a court ruling which found that the two payment companies had breached competition laws. The Supreme Court today (17 June) unanimously upheld the conclusion of the Court of Appeal that the…
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Just Eat Takeaway has entered a “definitive agreement” with Grubhub that will see it acquire 100% of Grubhub’s shares in a $7.3bn (£5.75bn) deal. Once the takeover is finalised, the combined group will be the world’s largest online food delivery company outside of China, measured by gross merchandise value and…
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The Competition and Markets Authority (CMA) has given Just Eat and Takeaway.com’s £6.2bn merger deal the green light. The CMA said both companies’ platforms link customers to hundreds of restaurants or food outlets, where they can browse takeaway options and order online. As part of its investigation, the CMA considered…
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Some 66% of hospitality businesses do not think they can survive a further three months of lockdown measures. According to a study by Kam Media, which involved 211 hospitality companies – ranging from businesses operating pubs and bars to restaurants, cafes and street food venues believe they will not survive…
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