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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Jan- 2024 -17 JanuaryFood and Drink
Mitchells and Butlers sees LFL sales rise to 7.7% in Q1
Hospitality group Mitchells and Butlers has reported strong Q1 results as it recorded a 7.7% like-for-like sales growth, with total sales growth of 9.7%, for the 15 weeks ended 13 January 2024. It also stated that trading continued to strengthen over the festive season. The company’s like-for-like sales grew by…
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15 JanuaryPubs and Bars
Drake and Morgan delivers record Christmas
Drake and Morgan has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022. This trading followed “record” Christmas bookings which were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for…
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12 JanuaryNews
Today’s news in brief – 12/01/24
Nightcap revenues jumped to £7.4m, spelling a 65.7% rise over Christmas. As a result, revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since IPO. Total December unaudited group revenues were £9.2m against £5.9m for December 2022, an increase of 55.9% and…
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12 JanuaryRestaurants
TDR secures majority stake in Popeyes UK
Private equity firm TDR Capital has secured a majority stake in Popeyes UK following a subsequent investment. The news comes after TDR made a £50m investment in Popeyes last year and has since raised its ownership to effectively overtake dual partner Ring International Holdings, who hold a minor stake. The…
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10 JanuaryPubs and Bars
Wetherspoon agrees deal with Haven for on-site pub
JD Wetherspoon has announced that it has agreed a deal with holiday park operator Haven to operate pubs on its sites. The agreement will see £1.1m invested into the first Wetherspoon pub, which will open its doors in March at Primrose Valley in North Yorkshire. The deal means that Haven…
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8 JanuaryNews
The Raby Hunt restaurant hits the market ahead of closure
The Raby Hunt, a two-Michelin-starred restaurant near Darlington, has hit the market for an undisclosed amount. The restaurant has announced it will close its doors later this month as its two Michelin star chef, James Close, plans to step away and embark on a new challenge at Darlington’s Rockliffe Hall. …
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4 JanuaryNews
Amber Taverns sales jump 20% during festive period
Amber Taverns, the owner of 170 freehold community wet-led pubs, has announced strong trading over the key Christmas and New Year festive period across its pub portfolio with like-for-like sales up 20%. Focusing purely on drink sales enables Amber to provide value for money and a tailored wet-led offer with…
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2 JanuaryNews
Today’s news in brief – 02/01/24
The DLUHC has allocated £25m from the Community Ownership Fund to aid over 70 pubs, cinemas, and museums across the UK. This funding aims to sustain the operations of these community assets and ensure safety in communal areas. Each selected project will receive up to £2m, with 26 community centres,…
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2 JanuaryTrade Associations
UKH sets out plan for 2024
UKHospitality has unveiled a three-point plan which it will focus on in 2024 to put hospitality at the “front and centre of policy making” ahead of the next General Election. The plan includes generating investment through root and branch reform of business rates, creating jobs through Apprenticeship Levy reform and…
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Dec- 2023 -21 DecemberRestaurants
Gino D’Acampo to open new Manchester restaurant and bar
Gino D’Acampo has announced he is to open a new restaurant and bar at the INNSiDE by Melia Manchester hotel in February. This opening will follow an extensive £800k refurbishment of the First Street venue, which the chef’s team currently operates under the First Street Bar and Kitchen brand. Designed…
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