Cambridge
Coverage highlights foodservice and hospitality developments in this prominent university city, including restaurant and pub openings, independent concepts, student-driven trade patterns, and local investment activity. Reporting provides insights for operators and suppliers navigating a market shaped by academic footfall, affluent demographics, and demand for both casual and premium dining experiences.
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Sep- 2024 -27 SeptemberPeople
Greene King appoints new CFO
Greene King has announced the appointment of Jonathan Fearn as its next chief financial officer, following news that Richard Smothers will be retiring from the role in April 2025.ย Fearn will join the pub company and brewer from Abcam, a Cambridge-based global life science company which provides products for scientists…
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25 SeptemberNews
Punch Pubs acquires further 14 pubs
Punch Pubs and Co. has announced the acquisition of the Milton 1 and 2 portfolio from real estate investment company Aprirose, adding a further 14 pubs to its 1,300-strong estate. The newly acquired pubs, currently operated by Blackrose Pubs, will benefit from Punchโs commitment to investment and development. This is…
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Aug- 2024 -12 AugustRestaurants
White Rabbit Fund acquires Island Poke
Hospitality incubator White Rabbit Fund has announced the acquisition of Island Pokeโs assets, having recently undertaken a voluntary restructuring. Island Poke, which serves Hawaiian poke bowls, opened its first permanent restaurant in Soho in 2016.ย However, due the economic turmoil of the pandemic coupled with the impact of inflation, the…
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6 AugustFood and Drink
Wingstop UK business up for sale
Wingstop has hired Goldman Sachs to conduct a sales process for its UK business, according to reports from Sky News. Sources told the outlet that the process was initiated in response to unsolicited expressions of interest from potential buyers. Goldman is understood to have begun issuing information about Wingstop UK…
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Jul- 2024 -4 JulyRestaurants
Pizza Pilgrims profits improve as expansion bears fruit
Pizza Pilgrims has seen its pre-tax profits more than double to ยฃ0.7m for the year ended 25 June 2023, up from ยฃ0.3m in 2022. Furthermore, its revenues increased by 37% to a record ยฃ28.7m, compared with ยฃ21m in 2022. Alongside this, the companyโs EBITDA rose to ยฃ2.4m, up from ยฃ1.1m…
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May- 2024 -13 MayRestaurants
Pizza Pilgrims to expand in Scotland and Wales amid โrecordโ FY
Pizza Pilgrims has unveiled plans to expand into Scotland and Wales as revenues rose by 37% to a โrecordโ ยฃ28.7m during the year ended 25 June 2023.ย The pizza chain, which currently trades from 20 locations, has also revealed that pre-tax profit more than doubled to ยฃ700k and EBITDA before…
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Mar- 2024 -8 MarchNews
Todayโs news in brief – 08/03/24
BM Caterers has won contracts worth more than ยฃ10m over the last six months, with clients across the legal, investment, real estate and media sectors. The groupโs new clients include global real estate investor, developer and manager Hines, law firm Lewis Silkin, and power tools business STIHL. The NTIA has…
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8 MarchRestaurants
Deliveroo announces exclusive Sticks n Sushi partnership
Deliveroo has announced that sushi and yakitori restaurant, Sticks’n’Sushi, will be available exclusively on the platform. Takeaway from the restaurant will now be available exclusively on Deliveroo from all of its 14 sites across the UK. Deliveroo customers will be able to order from Oxford, Cambridge, and from areas all…
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7 MarchNews
Todayโs news in brief – 07/03/24
Youngโs Pubs has acquired City Pub Group for ยฃ162m. The deal has added 51 wet-led pubs to the groupโs managed trading estate, taking its overall estate to 279. Youngโs has also expanded into new markets including Norwich and Cambridge thanks to the deal. UKH Scotland urged the Scottish government to…
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7 MarchPubs and Bars
Youngโs acquires City Pub Group for ยฃ162m
Youngโs Pubs has announced the completion of its acquisition of City Pub Group for ยฃ162m. As a result Youngโs now adds 51 wet led pubs to its managed trading estate, taking its overall estate to 279. The deal will also see Youngโs expand into new markets including Norwich and Cambridge.…
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