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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Nov- 2023 -22 NovemberBusiness
Confidence in hospitality sector climbs again
Nearly half (49%) of hospitality business leaders feel confident about the hospitality market over the next 12 months, up by four percentage points from August’s figure of 45%. Only 5% of leaders say their business is currently at risk of failure, down from 11% last quarter. The number feeling pessimistic…
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20 NovemberCatering Companies
Compass profits hit £1.89bn amid surging sales
Catering company Compass Group has reported a 26.1% increase in operating profit to £1.89bn for the year ended 30 September 2023. The group also recorded a 21.6% increase in revenues to £31bn compared with the previous year. Its operating margin was also up 60bps to 6.8% year on year. The…
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17 NovemberNews
Today’s news in brief – 17/11/23
Marston’s has appointed Justin Platt as the new CEO, effective 10 January 2024, following Andrew Andrea’s immediate departure. Andrea, who steered the company through the pandemic and economic challenges, will assist in a smooth transition. Platt, previously chief strategy officer at Merlin Entertainment, brings over 30 years of consumer-facing business…
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14 NovemberNews
Today’s news in brief – 14/11/23
UK pubs and bars saw a 7% source in average drinks sales in the week ending 4 November, driven by Halloween, Bonfire Night, and major sporting events. This performance, the best since September, follows a flat second half of October due to adverse weather. All drink categories, including cider, beer,…
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14 NovemberNews
Joe & the Juice acquired by General Atlantic
General Atlantic, a leading global investor, has announced it has entered into an agreement to acquire Joe and the Juice, a fast-growing freshly-made juice, coffee, and sandwiches concept, from Valedo Partners. General Atlantic first partnered with Joe and the Juice through a strategic minority growth investment in 2016. Since this…
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13 NovemberCafes and Coffee Shops
Loungers roll-out continues with four new sites
Loungers, a UK-based café, bar and restaurant operator under the Lounge, Cosy Club and Brightside brands, has revealed that its accelerated site roll-out plan remains firmly on track, with the launch of four new sites since it announced its landmark 200th Lounge opening on 13 September 2023. The three new…
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10 NovemberNews
Today’s news in brief – 10/11/23
Krispy Kreme reported net revenues of $407.4m (£333m) in Q3, marking a 7.9% increase compared with the same quarter in 2022. The international segment saw a 15.4% growth in net revenue. The company reported a GAAP net loss of $40.3m (£32.9m) for the quarter. Adjusted EBITDA in the quarter grew…
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10 NovemberPubs and Bars
Stonegate Group reopens The Hare and Hounds pub
UK-based pub company Stonegate Group has announced the reopening of The Hare and Hounds pub in St Albans after an extensive refurbishment project. The pub which was temporarily closed since mid-August has been refurbished after it received a six-figure investment from the pub group. The revamp has included substantial enhancements…
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9 NovemberNews
Today’s news in brief – 09/11/23
Domino’s expects its underlying EBITDA for FY23 to be between £132m and £138m, as Q3 like-for-like sales grew by 3.7%. The pizza chain experienced a 5.5% increase in Q3 sales, attributed to the acceleration in new store openings. Domino’s plans to open at least 60 new stores by the end…
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9 NovemberNews
Admiral Taverns EBITDA hits £55.8m in H1
Admiral Taverns has reported an EBITDA of £55.8m reflecting robust growth across the first half of FY23 which ended on 28 May. The group admitted that the second half of the year was impacted by a faltering economy, inflationary pressure and the energy crisis. Turnover reached £182m, compared to £154.3m…
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