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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Mar- 2022 -23 MarchRestaurants
Revolution Bars raises wages ahead of NMW
As part of the groupโs โfair dayโs pay for hard dayโs workโ pledge, Revolution Bars Group has implemented wage enhancements that exceed the new increased National Minimum Wage, due to be introduced in April. Revolution Bars Group, the operator of bars including Revolution, Revoluciรณn de Cuba, Playhouse, and Founders and…
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21 MarchPubs and Bars
MPs call for end of ‘draconian’ pub tax
The All-Party Parliamentary Beer Group (APPBG) of MPs has released a new report which calls on the Government to โurgently address the business rate iniquity which is threatening the future of pubs and their communities while online giants continue to swerve the taxmanโ. The report, โLevelling the Bar: reforming outdated…
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18 MarchRestaurants
Burger Kingโs Russian operator refuses to shut operations
The owner of Burger King, Restaurant Brands International, has issued a statement clarifying why Burger King operations are unable to be suspended in Russia, as its operator in the country refuses to shut the groupโs restaurants. The group confirmed it had contacted the main operator of the business and โdemandedโ…
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18 MarchCatering Companies
J D Wetherspoon returns to normal trading amid improving sales
In the most recent three-week period, to 13 March 2022, J D Wetherspoon has revealed it has seen sales improve to just 2.6% lower than the equivalent period in 2019. In its preliminary results for the 26 weeks ended 23 January 2022, the group reported revenues of ยฃ807.4m, down by…
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14 MarchRestaurants
Hostmore losses narrow as revenues hit ยฃ159m
Hostmore, the parent company of Fridays and the cocktail-led bar and restaurant brand, 63rd+1st has revealed its group loss after tax for the year narrowed to ยฃ0.6m, down from ยฃ17.3m the previous year. The improvement comes after the group saw revenues for the 53-week period ended 2 January 2022 increase…
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11 MarchRestaurants
Burger King suspends corporate support to Russia
Burger King has announced it has suspended all of its corporate support for the Russian market in light of the ongoing Ukraine crisis.ย This includes support for operations, marketing and supply chain, in addition to refusing approvals for investment and expansion. The chain has no corporate restaurants in Russia, as…
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8 MarchCafes and Coffee Shops
Greggs to open 150 sites as sales surge to ยฃ1.2bn
Greggs has announced plans to open 150 new sites as its sales increased by 5.3% on 2019 levels to ยฃ1.2bn, according to its preliminary results for the 52 weeks ended 1 January 2022. It revealed pre-tax profits of ยฃ145.6m in contrast to ยฃ13.7m loss in 2020 and said it is…
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4 MarchRestaurants
UKH calls for permanent pavement licences
UKHospitality has said it believes making pavement licences permanent will โhelp the Covid-ravaged hospitality sector make a faster post-pandemic recoveryโ. It comes as outdoor drinking and dining areas have become popular over the past two years, which UKH said has โin some cases ensured the survival of those hospitality businesses…
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3 MarchNews
Nisbets selects Ireland for new national distribution centre
Nisbets, one of Europeโs suppliers of catering equipment, marks its commitment to the Irish hospitality sector with its planned opening of a new, 61,000 sq. ft national distribution centre in Cork, Ireland. According to the firm, its multi-million-euro investment will almost double the companyโs facilities in Ireland, and will open…
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2 MarchFood and Drink
Just Eat revenues surge 33% despite โpeak yearโ of losses
Just Eat has reported its revenues surged 33% to โฌ5.3bn (ยฃ4.41bn) for the full year in 2021, up from โฌ4bn (ยฃ3.33bn) in 2020, despite Just Eat reporting a โpeak yearโ for losses. Losses for the period on an IFRS basis were โฌ1.04bn (ยฃ8.69m) in 2021, widening from a loss of…
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