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- 2023 -31 MayCatering Companies
Sodexo’s Good Eating Company appoints new MD
Sodexo Corporate Services has appointed Alex Kristall as managing director for the Good Eating Company in the UK and Ireland, from 1 June. The news follows the catering company’s investment plans to grow the business and its footprint globally. Kristall will take over full operational and P&L responsibility for the…
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30 MayNews
Victoria pub reopens following £148k refurb
The Victoria pub in Chesterfield has recently reopened to the public having completed a renovation, following a £148,000 investment by the award-winning Craft Union Pub Company. During the pub’s renovation, enhancements have been made to both the interior, exterior and garden, creating a modern and relaxing space. Inside still holds…
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26 MayGovernment
UKH warns immigration rules ‘not working effectively’ for businesses
In a response to the publication of legal migration figures, UKHospitality chief executive Kate Nicholls has warned that the immigration system is “not working effectively for businesses”. Her response comes as significant shortages of staff across hospitality are still persisting, as 132,000 vacancies are yet to be filled. This is…
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25 MayPubs and Bars
Young’s revenues hit £369m in FY22
Young’s and Co total revenues reached £368.9m in the 53 weeks ended 3 April, showing an increase of 19.4% against the prior year, while managed pub like-for-like revenue increased 12.9% on a 52-week basis. Despite facing cost headwinds, the pub group’s adjusted profit before tax was 8.1% higher at £45.2m.…
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23 MayNews
Famous Brands FY revenues up 15% to £310m
South African restaurant company Famous Brands, which operates 65 restaurants in the UK, has reported revenues of R7.4bn (£310m) in FY23, a 15% increase compared to last year. The group has attributed the revenue increase to improved trading conditions across most markets thanks to the lifting of Covid restrictions. Operating…
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23 MayFood and Drink
I am Döner signs first forecourt franchise deal
Think Hospitality-backed kebab brand, I am Döner, has signed a new franchise deal for a site in Windsor to be opened this summer. The latest franchise deal, which has been facilitated by Seeds Consulting, will see a South-Eastern multi-site fuel station operator, Four Crosses Filling Station Limited, operate the first…
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19 MayComment
Is the Green Transition hospitable for hospitality?
At a recent conference I overheard a business leader decry, “how can we go green when we’re in the red?”. If that was true for the sector in which his business operated, it’s no less true for the hospitality sector which is facing a tsunami of knockbacks ranging from the…
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19 MayNews
Côte turnover hits £144.9m in FY22
Côte Restaurant Group has reported turnover of £144.9m for the year ended in September 2022. Like-for-like turnover was flat compared to the one in 2019, reflecting the Omicron impact on Christmas trading and the impact of the cost of inflation being borne by guests. Adjusted EBITDA for the year was…
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18 MayPubs and Bars
The Stables reopens after multi million-pound refurb
The Stables in Newcastle, has reopened its doors after completing a multi million-pound refurbishment. Bought by The Inn Collection Group in late 2020, the first phase of the refurbishment has seen the replacement of the original bar near the main entrance with a new installation, creating a near three-fold increase…
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17 MayComment
How can the hospitality sector prepare for the busy summer months?
Despite current economic headwinds, many businesses in the hospitality sector are looking for new ways of furthering growth opportunities in the upcoming summer months. In their 2023 sector outlook, Barclaycard revealed that consumer card spending on hospitality and leisure increased 10.6% year-on-year in 2022, as the lifting of all Covid-19…
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