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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Sep- 2021 -8 September
August consumer spending rose 15.4%, Barclaycard reveals
Consumer card spending rose 15.4% in August, compared with the same period in 2019, with growth recorded across all sectors apart from international travel, according to new data from Barclaycard. For the hospitality and leisure sector, restaurant spending broke into positive growth for the first time since the pandemic hit…
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7 September
Jollibee to open new location in Reading
Fast-food chain Jollibee has announced that its new Reading store will launch on Thursday 9 September 2021. The restaurant is located on Broad Street, one of the town’s main shopping streets and pedestrianised areas. The opening in Reading is a strategic move from Jollibee who are branching out to reach…
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Aug- 2021 -27 August
Spirit of Speyside Festival appoints new chairman
Spirit of Speyside, the annual whiskey festival, has appointed George McNeil as its new chairman. Previously managing director of Johnston’s of Elgin retail division, McNeil’s appointment comes ahead of the return to an in-person festival in November. McNeil will officially take over as chairman from James Campbell, who had held…
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24 August
July delivery and takeaway sales begin to stabilise, CGA reveals
Deliveries and takeaways sales in July have begun to stabilise showing a 206% increase compared with the same period in 2019, but lower than in June (225%) and May (273%) 2021, according to the latest CGA and Slerp Hospitality at Home Tracker. Although the lifting of all restrictions across hospitality…
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17 August
Just Eat Takeaway.com sees losses widen to £414m
Just Eat Takeaway.com saw its losses widen for the six-month period ended 30 June 2021 to €486m (£414m) from a previous year’s loss of €59m (£50). The company’s UK profits dropped 156% to €71m (£60m) from €127m (£108m) and reflected the group’s continued fight to win online share, including increased…
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16 August
Over 7,000 licensed premises still in ‘limbo’, CGA warns
Over 7,000 licensed premises still remain in “limbo” either planning their restart, are waiting for trading conditions to improve, or will permanently remain closed, according to the latest Market Recovery Monitor from CGA and AlixPartners. The monitor found that just under 5,000 of Britain’s licensed premises opened their doors again…
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11 August
London’s ‘Design District’ launches new dining concept
A new food and drinks destination is set to open in London’s ‘Design District’ in Greenwich this September. Entitled the ‘Design District Canteen’, the venue aims to bring six global street food operators to the area which is a hub for the capital’s creative industries. The six restaurateurs set to…
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11 August
Deliveroo sees H1 losses narrow to £104.8m
Deliveroo has reported a statutory pre-tax loss of £104.8m in its half-year report, improving 18% from its previous year’s loss of £128.4m. Despite remaining in the red, revenue for the six-month period ended 30 June 2021, improved 82% to £922.5m from £507.2m in 2020. Gross transaction value was also up…
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11 August
Market Halls tops crowdfunding target
Food hall brand Market Halls has topped its £600,000 Seedrs crowdfunding target with 28 days still remaining. The London-based food and drinks group has achieved £702,159 at the time of writing, from 240 investors. Founded in 2017, Market Halls now operates with three venues across London, namely in Fulham, Victoria,…
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9 August
Delivery Hero takes 5% stake in Deliveroo
Deliveroo has announced that Delivery Hero, a Berlin-based food delivery group, has gained a 5% stake in the company. The two company’s act as rivals in the Middle East through Delivery Hero’s Talabat brand, and in Hong Kong and Singapore via its Foodpanda arm. However, according to The Financial Times,…
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