Sweden

Today’s news in brief – 17/01/25

Deliveroo has achieved the upper end of its earning guidance of between £110m-130m range. It comes as Deliveroo has seen a 7% rise in GTV year-on-year to £1.97bn and reported that revenues rose by 6% to £545m in Q4. In Q4, the group’s orders also increased 3% YoY and its…

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Directional Capital acquires Pizza Hut’s UK franchisee in pre-pack deal

Directional Capital has acquired Heart With Smart, one of the UK’s leading hospitality franchise operators which manages the operations of the UK Pizza Hut dine-in restaurants, in a pre-pack transaction which sees the transfer and continuing operation of 139 restaurants across the UK. Directional Capital is a US-based private equity…

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Today’s news in brief – 14/01/25

Pizza Hut’s biggest UK franchisee is close to finalising a rescue deal, according to Sky News. Directional Capital, which already controls a majority of Pizza Hut’s dine-in operations in Denmark and Sweden, would save the jobs of some 3,000 employees and acquire 140 sites across the UK. The deal could…

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Pizza Hut’s UK franchisee nears rescue deal

Pizza Hut’s biggest UK franchisee, Directional Capital, is reportedly close to finalising a rescue deal later this week, according to Sky News.  Directional Capital, which already controls a majority of Pizza Hut’s dine-in operations in Denmark and Sweden, would save the jobs of some 3,000 employees and acquire about 140…

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Hospitality sector claims leap 100% YoY in July

Claims in the UK’s hotel and catering sector have spiked by 100% in July, compared with the same time last year, according to trade credit insurer Atradius. This comes despite overall claims in the F&B sector declining by 75% in July, a pivotal time for tourism in the UK.  According…

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Thomas Kelly joins Espresso House as CEO

Espresso House, the premium café and coffee brand in the Nordics, has announced the appointment of Thomas Kelly as its new group chief executive officer, starting from September 2024. The news comes after Honest Burgers promoted Kelly from CEO to chair within a year’s time. Kelly will remain chair while…

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Today’s news in brief – 23/11/23

Ole and Steen has appointed Joachim Knudsen as its new CEO, commencing January 2024. Formerly the MD of McDonald’s Sweden and Denmark, he joins as the bakery chain has doubled in size over the last five years, expanding to London and New York. The board anticipates Knudsen’s leadership will drive…

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Ole and Steen appoints new CEO

Ole and Steen – known as Lagkagehuset in Denmark – has announced the appointment of Joachim Knudsen as its new CEO, effective from 1 January 2024.  Knudsen, who succeeds Jason Cotta, joins the bakery chain from a previous role as managing director of McDonald’s Sweden and Denmark.   Over the past…

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Peckwater Brands acquires Eatclever

The UK-based operator of virtual food brands, Peckwater, has announced its acquisition of Eatclever, a virtual delivery brand in the DACH region (Germany, Austria and Switzerland).   The UK company will take over Eatclever’s operations in almost 100 restaurants across the DACH region, expanding their presence into three new countries across…

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Peckwater Brands acquires Honest Food operations in four countries

Restaurant operator, Peckwater Brands, has announced its acquisition of the operations of Honest Food Company (HFC) in four European countries, operating from over 500 “unique” locations.  The news comes as the brand aims to become the “continent’s largest” operator of virtual food brands.   Peckwater, which already has operations in five…

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