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.

Mar- 2021 -

16 March

Greggs swings to £13.7m FY20 loss

Greggs has posted a £13.7m loss-before-tax for the 53 weeks ended 2 January 2021, down from profits of £108.3m in 2019. The group attributed its first annual loss since the firm became a listed business in 1984 to “lower-than-normal sales levels” throughout the pandemic. The company’s revenues for the period…
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12 March

Takeaway and delivery sales up 317% in Feb, CGA tracker finds

Sales of deliveries and takeaways from UK hospitality groups have more than tripled over the last 12 months, according to The Hospitality at Home Tracker from CGA.CGA’s hospitality tracker complements CGA’s Coffer Peach Business Tracker, which has monitored total sales across more than 10,000 sites of leading restaurant and pub…
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10 March

Langham Hospitality Group appoints new F&B director

Langham Hospitality Group has announced the appointment of Chris King as its new director of food and beverage. King began his career at the hotel group over 10 years ago as head chef at Roux at the Landau, having worked alongside many Michelin-starred chefs previously. Prior to his new role,…
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10 March

Just Eat sees 2020 revenues soar 54%

Just Eat Takeaway.com (Just Eat) has revealed total group revenues of £2.06bn for the year ended 31 December 2020, a year-on-year growth of 54%. Adjusted EBITDA for the period also increased from £185.9m in 2019 to £256m in 2020, a jump of 18% for the year. As for the group’s…
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8 March

Domino’s offloads Swedish arm to focus on UK operations

Domino’s Pizza has announced that it has reached an agreement to offload its Swedish arm in order to allow the group to focus on its core UK and Ireland operations. Its entire shareholding in PPS Foods AB, or Domino’s Sweden, has been sold to Eyja fjárfestingafélag III EHF, a wholly…
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5 March

Deliveroo outlines potential £5bn London float

Deliveroo has announced plans for a future listing on the London Stock Exchange that could fetch a value of £5bn. The food delivery company has chosen to float on the London market due to its roots in the English capital. The firm was founded in 2013 by Will Shu, now…
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Feb- 2021 -

11 February

Uber sees food-delivery revenues double in Q4

Uber has announced that its food delivery platform has experienced a 224% year-on-year revenue increase for Q4 2020. Despite the £984m in global revenues, the firm’s delivery arm posted an adjusted EBITDA loss of £105m for the period. While Uber’s delivery business did experience losses during the quarter, these had…
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3 February

Consumers eager to return to going out, CGA finds

Well over half (59%) of consumers said they “couldn’t wait” to go out again, while 51% hoped to get back to venues within a few weeks of reopening, according to the latest CGA Hospitality Consumer Forecast. CGA’s forecast was based on a survey of a nationally representative sample of 3,000…
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Jan- 2021 -

25 January

Milestone Group to open new Liverpool food hall

The Milestone Group, which operates under its brand General Post Office (GPO), will open a new food hall at the repurposed Metquarter in Liverpool in late Spring 2021, creating 132 jobs. GPO will be located on the Victoria Street entrance at Metquarter adjoining Everyman and will focus on a wide…
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22 January

Papa John to expand into ‘non-traditional franchises’

Papa John’s has announced it will be looking for additional “non-traditional” franchised outlets to join the franchise as the company expands into further venues in 2021. The group suggested that help is provided for businesses wanting to join the franchise from location selection, growth incentives and full turn-key opening of…
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