Business Model
Our Business Model coverage explores how UK foodservice operators, from restaurants and pubs to caterers and café groups, are adapting and innovating their commercial strategies in response to shifting consumer habits, economic pressures, and competitive dynamics. We report on emerging revenue streams, franchising, delivery models, subscription dining, tech integrations, cost structures, and diversification strategies that define successful operations across the hospitality landscape.
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Dec- 2023 -6 DecemberFood and Drink
SSP Group revenues hit £3bn in FY23
SSP Group revenues rose 38% to £3bn for the full year ended 30 September, as EBITDA doubled to £280m compared with last year. The group attributed its performance to strong revenue growth and profit conversion, with H2 revenues growing by 25% on a constant currency basis. While the group saw…
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Nov- 2023 -10 NovemberNews
Krispy Kreme revenues hit $407.4m in Q3
Krispy Kreme reported net revenues of $407.4m (£333m) in Q3 2023, a 7.9% increase compared with Q3 2022. Total company organic revenues grew 9.6% in the quarter, led by the US, which delivered 10.2% organic growth in the quarter driven by growth across all sales channels, including delivered fresh daily…
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Oct- 2023 -4 OctoberFood and Drink
Tortilla revenues increase 22% in H1
Tortilla revenues grew 22% to £32.7m during the 26 weeks ended 2 July, as cost pressures have eased and consumer confidence grew in the UK. However, while adjusted EBITDA reduced from £2.5m in H1 2022 to £1.8m in the current year, the fast-casual chain reports this is in-line with market…
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Aug- 2023 -4 AugustPubs and Bars
The Ship Inn brought to market for £3.7m
A waterside inn situated on the Yealm Estuary has been brought to market for offers in the region of £3.7m. The Ship Inn in Noss Mayo, located just ten miles from Plymouth, is a free house with “characterful” interior and exterior trading areas. The bar, which can accommodate 60 covers,…
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Jul- 2023 -25 JulyBusiness
Behrouz Biryani increases number of UK franchises to 40
International food brand Behrouz Biryani increased its number of UK franchises from seven to 40 over the past six months. The brand reports it is representing an expansion rate of nearly 500% and is on track to hit its target of over 50 restaurant partners this year. Over the past…
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Jun- 2023 -16 JuneNews
F1 Arcade announces expansion plans following £30m funding
F1 Arcade, the pioneering social hospitality concept and the first official Formula 1 simulator racing experience, has announced a successful £30m investment to fuel the next phase of international growth. Following the “resounding success” of its flagship site in St. Pauls, London, which continues to surpass revenue expectations, F1 Arcade…
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1 JuneCatering Companies
OVG acquires Rhubarb Hospitality Collection
Oak View Group (OVG), a global development, service, and investment company for the sports, live entertainment, and convention industries, has acquired Rhubarb Hospitality Collection (RHC), a high-end hospitality provider in the catering industry. The purchase of the premium hospitality group from LGT Private Debt aims to “elevate the experience for…
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May- 2023 -5 MayNews
Yum! Brands income falls by 25% to $300m in Q1
Yum! Brands, which operates restaurant chains KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has announced that net income fell by 25% to $300m (£238m) in Q1, down from $399m (£316m) the prior year. Despite this, revenues for the brand rose by 6% to $1.6bn (£1.4bn) in the first…
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Apr- 2023 -25 AprilBusiness
Whitbread’s profits hit £413m amid strong Premier Inn performance
Premier Inn owner Whitbread Plc has reported that its annual adjusted pre-tax profit increased to £413m, for the 12 months to March 2, 2023 against a loss of £16m the previous year. The report revealed that the result topped the pre-pandemic annual profit level of £358m achieved in 2019-20. Revenue…
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18 AprilCafes and Coffee Shops
Bob and Berts continues expansion with six new stores
Independent coffee shop chain Bob and Berts has announced plans to open up to six new stores this year in Scotland and England. The opening of these new coffee shops will take its total footprint to more than 30 sites across England, Scotland and Northern Ireland. The brand operates from…
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