Covid-19
Our COVID-19 coverage captures the full impact of the pandemic on the UKโs foodservice and hospitality sector, from lockdown trading restrictions and government support schemes to recovery planning, operational adaptations, and long-term business implications. This includes essential reporting for restaurant operators, pub landlords, caterers, chefs, and F&B directors navigating one of the most disruptive periods in industry history.
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Sep- 2021 -24 SeptemberRestaurants
Tortilla confirms plans to float on AIM and open 45 new sites
Mexican restaurant group, Tortilla, has announced its intention to float on the London Stock Exchange and open 45 new sites. The group said that admission is expected to take place on or around 8 October 2021. The group has 62 sites worldwide, comprising 50 sites in the UK operated by…
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23 SeptemberBusiness
Supply chain issues continue to drive up inflation, CGA warns
Some 99% of businesses are currently experiencing supply chain issues, with more than four in five seeing higher costs in their supply chain (82%), according to the latest Business Confidence Survey from CGA. The survey showed that more than four in five businesses have already seen deliveries of products delayed…
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20 SeptemberCoronavirus
UKH states โdisappointmentโ over Welsh Covid passports
UKHospitality has stated its disappointment at the Welsh Governmentโs decision to introduce Covid-19 passports for nightclubs and events. Due to become effective from 11 October, the new regulations will see over-18s need an NHS Covid Pass to enter nightclubs, indoor events of over 500 people, outdoor non-seated events of more…
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17 SeptemberRestaurants
Electra confirms plans to demerge Fridays
Electra Private Equity has confirmed plans to demerge its Fridays and 63rd+1st brands under a new parent company, Hostmore. The firm had previously announced plans to demerge the brands earlier this year.ย It is planned for the shares in Hostmore to be admitted to the main market of The London…
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16 SeptemberCafes and Coffee Shops
Bain Capital acquires Bread Holdings
Gailโs Bakery parent company Bread Holdings, which also owns The Bread Factory, has been sold to Bain Capital Credit in partnership with EBITDA Investments for an undisclosed sum.ย The move is backed by entrepreneurs Henry McGovern and Steven K. Winegar, to support the group as it moves into its 4th…
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15 SeptemberCoronavirus
UKH warns of โdrasticโ Covid-19 contingency measures impact
UKHospitality has warned the Government of the potential โdrasticโ fallout should any of its Covid-19 restrictions currently left on reserve be introduced over the Winter. Announced on 14 September, the Autumn and Winter plan for 2021 targeted vaccines uptake and booster jabs as the key way to limit the spread…
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10 SeptemberBusiness
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the โpingdemicโ taking its hold in July, gross domestic product (GDP) still remains 2.1%…
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9 SeptemberFood and Drink
Costa Coffee to increase staff pay by 5%
Costa Coffee has announced that all 14,500 of its store team members in UK company-owned stores will receive a 5% pay increase. From 1 October 2021, all store team members will receive pay increases of at least 45p per hour, bringing minimum pay to ยฃ9.36 per hour from ยฃ8.91. The…
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9 SeptemberBusiness
Gordon Ramsay Restaurants swings to ยฃ5.1m loss
Gordon Ramsay Restaurants has announced that the group swung to a ยฃ5.1m loss before tax in FY20, down from ยฃ15.2m profits the previous year. Consolidated turnover at the company also fell 36.9% year-on-year to ยฃ34.5m for the year ended 31 August 2020. The celebrity chefโs restaurant group attributed the decline…
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8 SeptemberBusiness
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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