Food and Drink
The latest news and updates on food, 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.
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Oct- 2024 -15 October
Papa Johns UK losses widen to £18.5m in FY23
Papa Johns’ UK arm has reported a pre-tax loss of £18.5m for the year ended 31 December 2023, which widened from a previous loss of £2.9m in 2022. According to the group’s filings with Companies House, Papa Johns in the UK saw its turnover rise slightly from £95.1m to £95.9m…
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14 October
Chopstix launches new Portsmouth site
Chopstix has announced the launch of a new site in Portsmouth alongside franchisees Darren and Naomi Godfrey. The new site on Commercial Road follows a site opening earlier this year for the pair in Guilford. The new site is the first to open in the city and boasts brand-new state…
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11 October
Boxpark receives planning permission for Birmingham site
Boxpark has received planning permission approval for its new location in Birmingham. Located in Digbeth, Boxpark has signed a 15-year lease in the iconic Floodgate Street Arches. Investing around £5m into the local area, the new opening is expected to create approximately 200 new job opportunities and is set to…
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4 October
SSP Group sees UK sales rise 12% in Q4
Operator of F&B outlets in travel locations, SSP Group, has reported that UK sales rose by 12%, with a like-for-like jump of 9%, during the fourth quarter ended 30 September. The group’s UK performance was driven by high demand in the air travel sector, a lower level of disruption in…
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2 October
QSRP acquires majority stake in Chopstix
QSRP has announced a strategic investment in Chopstix, acquiring a majority stake in the QSR chain for an undisclosed sum. The partnership is aiming to accelerate growth and innovation for both QSRP and Chopstix across the UK and Europe. The investment aligns with QSRP’s strategy to enlarge and diversify its…
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2 October
UK F&B M&A up 32.4% in Q2 2024
The UK Food and Beverage M&A activity saw an increase of 32.4% year on year in Q2 2024, with 49 transactions completed, according to a new report from corporate finance house, Oghma Partners. The estimated deal value surged to approximately £6.0bn, primarily driven by a few large deals such as…
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1 October
Greggs sales rise 10.6% in Q3
Greggs has reported “good” like-for-like sales growth over the Q3 ended 28 September, as total sales rose 10.6% and like-for-like sales in company-managed shops rose by 5% against the same period last year. According to the high street bakery chain, September proved to be the strongest month of the quarter,…
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Sep- 2024 -30 September
September sunshine brings drinks sales back into growth
Average sales in Britain’s managed venues in the week ended 21 September were 3% ahead of the same period in 2023 after a bout of sunny weather. Widespread sunshine brought consumers out to beer gardens and terraces, and sales were up by between 8% and 11% from Monday 16 to…
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30 September
Incipio Group ‘record’ FY sales hit £25.9m
London-based hospitality operator, Incipio Group, has reported record sales of £25.9m for the year to 31 December 2023, having increased 32% against 2022. Meanwhile, the group also reported “record” adjusted EBITDA on continuing operations of £2.5m – a £1.8m improvement on the previous year. It comes as the group focused…
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27 September
Chick-fil-A targets UK expansion
Atlanta-based fast food restaurant Chick-fil-A has announced that it is targeting sites in London, Leeds, Liverpool and Belfast as it looks to expand into the UK market. The brand has stated that it is “in the process of selecting operators” for the four cities and hopes to open a total…
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