Russia

Analysis of how geopolitical tensions, trade restrictions, and global events tied to Eastern Europe are influencing the UK foodservice landscape. This section covers supply chain disruption, commodity pricing, operational risk, and consumer sentiment, helping restaurant groups, pub operators, caterers, and procurement professionals understand how international developments affect costs, availability, and long-term planning across UK kitchens and venues.

  • Aug- 2023 -
    29 August
    NewsHeineken sells Russian business for €1

    Heineken sells Russian business for €1

    Heineken has sold its Russian beer business to Arnest Group for only €1 (£86p) a year after initially vowing to pull out of the country following the invasion of Ukraine. Arnest Group owns a major can packaging business and is the largest Russian manufacturer of cosmetics, household goods and metal…

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  • 23 August
    NewsDomino’s Pizza to exit Russia

    Domino’s Pizza to exit Russia

    DP Eurasia, the company that oversees the Domino’s pizza brand in Russia, has announced its intention to file for bankruptcy and pull out of the country.  In an official announcement, the company said that in December 2022 it had already evaluated its presence in Russia, the impact of sanctions and…

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  • May- 2023 -
    5 May
    NewsYum! Brands income falls by 25% to $300m in Q1

    Yum! Brands income falls by 25% to $300m in Q1

    Yum! Brands, which operates restaurant chains KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has announced that net income fell by 25% to $300m (£238m) in Q1, down from $399m (£316m) the prior year.  Despite this, revenues for the brand rose by 6% to $1.6bn (£1.4bn) in the first…

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  • Dec- 2022 -
    22 December
    BusinessEnergy price cap to rise by 80% to £3,549 from October

    Energy price cap to rise by 80% to £3,549 from October

    Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual fuel for an average household from 1 October 2022.  The rise will affect those on standard variable tariffs, with the record annual bill only being based on typical usage. At…

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  • Nov- 2022 -
    3 November
    RestaurantsYum Brands digital sales reach £5.3bn in Q3

    Yum Brands digital sales reach £5.3bn in Q3

    Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut, revealed its digital sales reached approximately $6bn (£5.3bn), with digital mix exceeding 40%, during the third quarter ended 30 September 2022.  The parent company also revealed that its Q3 GAAP operating profit grew by 4%, while its core…

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  • Sep- 2022 -
    13 September
    BusinessYum Brands approves $2bn share buyback plan

    Yum Brands approves $2bn share buyback plan

    Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has announced that its board of directors has approved a new share buyback plan which authorises repurchases of up to $2bn (£1.7m) in shares of common stock through 30 June 2024. The new authorisation will take effect upon the…

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  • Aug- 2022 -
    8 August
    Food and DrinkFoodservice inflation hits 11.5% in June

    Foodservice inflation hits 11.5% in June

    Inflation in the foodservice sector hit 11.5% in June, marking the fifth consecutive month of double-digit percentage inflation, according to the CGA Prestige Foodservice Index. All 10 food and drink categories in the Index moved upwards year-on-year, with three (fruit, dairy, and oils and fats) recording inflation of more than…

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  • 1 August
    RestaurantsKFC pauses offers amid chicken shortages

    KFC pauses offers amid chicken shortages

    KFC has reportedly been forced to pause one of its weekly food offers due to a shortage of chicken, according to The Sun. In a company memo sent to branches, seen by the paper, it is alleged that company bosses issued urgent update warnings of shortages.  The shortages experienced by…

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  • Jul- 2022 -
    15 July
    Food and DrinkFoodservice inflation hits double digits for fourth month in a row 

    Foodservice inflation hits double digits for fourth month in a row 

    Inflation in the foodservice sector topped 10% for the fourth successive month in May, according to the new edition of the CGA by NielsenIQ and Prestige Foodservice Price Index. All 10 of the index’s food and drink categories recorded both year-on-year and quarter-on-quarter inflation in the month. The Oils and…

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  • 5 July
    PeopleMcDonald’s unveils leadership promotions

    McDonald’s unveils leadership promotions

    McDonald’s has announced it has promoted Kevin Ozan to senior executive vice president of Strategic Initiatives, Ian Borden to chief financial officer, and Marion Gross to global chief supply chain officer, effective 1 September 2022. Current global chief supply chain officer, Francesca DeBiase, is set to retire from McDonald’s, effective…

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