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 -20 MayPubs and Bars
Stonegate Group to reopen The Grove pub in Leeds
The Grove is set to re-open its doors on 30 May, following a substantial, restorative six-figure investment from the largest pub company in the UK, Stonegate Group. The Grove has been closed since November after an unfortunate fire incident last year. The refurbished pub now features new ceilings, windows, and…
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17 MayNews
Todayโs news in brief – 17/05/24
Joe and the Juice reported a 42% revenue rise to ยฃ275.9m for 2023. For the first time in several years, the group also saw a positive operating profit, which reached ยฃ20.4m. The increase in operating profit was primarily driven by a continued focus on profitability and on the opening of…
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17 MayPubs and Bars
Wetherspoon to invest ยฃ5m in Mile Castle redevelopment
JD Wetherspoon has announced that it is set to invest ยฃ5m in the redevelopment of its Mile Castle pub in Newcastle. The pub will undergo a full internal refurbishment, to include decoration, new carpet, upgraded lighting, extending the bar on the third floor and creating a new cellar. As part…
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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.ย He replaces Kamran Aziz who will be entering planned retirement, officially leaving the business at the end of June after an โorderlyโ handover.ย Aziz was part of the…
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15 MayNews
Hospitality vacancies remain above pre-pandemic levels
Hospitality vacancies remain โstubbornlyโ above pre-pandemic levels with little positive movement in five months, the ONS has revealed.ย 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.ย UKhospitality argues…
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15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britainโs hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQโs 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 monthsโdown by seven percentage points…
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14 MayCafes and Coffee Shops
Greggs sales rise 7.4% to ยฃ693m in Q1
Greggs has reported that like-for-like sales rose 7.4% to ยฃ693m during the first 19 weeks of 2024, as it remains on track to open between 140 and 160 stores for the full year.ย 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 Britainโs 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
Todayโs 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 ยฃ39m in new pubs
Heineken has announced that it is set to invest ยฃ39m to upgrade and reopen a number of pubs in its Star Pubs estate in 2024. A quarter (612) of Heineken UKโs 2,400 pubs are in line for improvement, with 94 of these set for makeovers costing on average ยฃ200,000. The…
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