Investment
Our coverage tracks financial activity shaping the UK foodservice and hospitality sector, from venture capital and private equity backing to corporate acquisitions, refinancing deals, and growth funding. Our reporting is focused on the operators, brands, and concepts attracting capital, and what that means for the wider industry. Whether you’re a restaurant group seeking funding, a pub chain monitoring market valuations, or a catering contractor analysing competitor growth, our investment coverage delivers intelligence that helps business leaders understand where money is flowing, and why. Expect deep dives, expert commentary, and deal-by-deal context, all tailored to the foodservice trade.
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May- 2024 -17 MayPeople
RedCat Pub Company appoints new group property director
RedCat Pub Company has announced the appointment of David Roberts as its new group property director, effective from the start of June. He replaces Kamran Aziz who will be entering planned retirement, officially leaving the business at the end of June after an “orderly” handover. Aziz was part of the…
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15 MayNews
Hospitality vacancies remain above pre-pandemic levels
Hospitality vacancies remain “stubbornly” above pre-pandemic levels with little positive movement in five months, the ONS has revealed. According to the latest statistics published yesterday (14 May), there were 107,000 vacancies in hospitality in the quarter to April 2024. This is 15% higher than pre-pandemic levels of 93,000. UKhospitality argues…
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15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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14 MayCafes and Coffee Shops
Greggs sales rise 7.4% to £693m in Q1
Greggs has reported that like-for-like sales rose 7.4% to £693m during the first 19 weeks of 2024, as it remains on track to open between 140 and 160 stores for the full year. The group also progressed its strategic growth plan, with delivery sales, evening trade and increased participation in…
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8 MayRestaurants
Hospitality closures slow in Q1
Closures in Britain’s hospitality sector slowed from eight sites a day in 2023 to four a day in the first quarter of 2024, according to data from CGA. The sector saw a 0.4% decline in total numbers between the start of January and the end of March, the third smallest…
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7 MayNews
Today’s news in brief – 07/05/24
Wet and cool weather brought down drinks sales for the week to 27 April, according to data from CGA. This comes despite daily sales being up by 11% year-on-year on Sunday 21 April, thanks to a strong round of Premier League fixtures. Sales suffered by comparison to a sunny late…
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7 MayPubs and Bars
Heineken to invest £39m in new pubs
Heineken has announced that it is set to invest £39m to upgrade and reopen a number of pubs in its Star Pubs estate in 2024. A quarter (612) of Heineken UK’s 2,400 pubs are in line for improvement, with 94 of these set for makeovers costing on average £200,000. The…
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7 MayPubs and Bars
Hydes reopens Boughton’s The Mount Inn following refurb
Hydes Brewery has reopened The Mount Inn in Boughton, Chester, following a full exterior and interior refurbishment. This latest refurbishment project forms part of an ongoing £10m investment programme across the Hydes’ estate over the next few years. Opened in time for the forthcoming summer of sport, including the Euros…
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1 MayBreweries and Distilleries
Greene King to invest £40m in new brewery
Greene King has announced that it will invest £40m in developing a new state-of-the-art brewery in Bury St Edmunds. The investment into a new custom-built facility builds on the company’s 200-year history of brewing in Bury St Edmunds since its founding in 1799. The proposed new brewery forms a key…
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Apr- 2024 -30 AprilNews
Greene King opens 50th Hive Pub
Greene King Pub Partners has opened its 50 Hive Pub, The Robert Kett in Wymondham, Norfolk. Greene King Pub Partners’ Hive Pubs franchise offer first launched in late 2021, meaning the Hive Pubs franchise concept has grown to 50 pubs in less than three years. Earlier this year, Greene King…
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