Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including pubs, bars, restaurants, cafes and hotels, according to the latest Hospitality Market Monitor from CGA and AlixPartners. The closures over the last quarter follow a “sharp rise” in prices in energy,…
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The Business section on Catering Today delivers comprehensive coverage of the commercial landscape shaping the UK hospitality and catering industry. It reports on company performance, acquisitions, investments, market movements, and leadership changes across restaurants, pubs, and catering groups. With analysis of financial trends, growth strategies, and sector forecasts, Catering Today provides hospitality professionals with the intelligence needed to understand market dynamics and make informed business decisions in a competitive environment.
Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices as the main contributor, according to the latest figures from the Office for National Statistics (ONS). The increase to the annual inflation rate in September 2022 reflected, principally, rising food…
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Frost Burgers, a vegan burger restaurant in Manchester and Liverpool, has entered into administration following “financial distress”. Paul Stanley and Jason Greenhalgh from Begbies Traynor have been appointed as joint administrators after the vegan restaurant chain ceased trading last month. The firm is now looking for someone to buy the…
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Investment manager Downing has acquired The Pub People Group (Pub People) and merged it with its existing investment in Autumn Pubs Limited (Autumn), which has been managed under contract by Pub People since 2012. Funds managed by Downing will be the majority shareholder in the combined business (the group), and…
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The Big Table Group, operator of Las Iguanas, Bella Italia and Café Rouge, has acquired the fast-casual Pan-Asian restaurant chain, Banana Tree, adding a new cuisine flavour to its family of restaurant brands. The group said Banana Tree is famous for its authentic, exotic and street-food inspired dishes, with flavours…
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Just Eat Takeaway.com has said it expects to return to profitability earlier than initially expected, with the group on track to generate positive adjusted EBITDA in the second half of 2022. The group said it expects to generate positive adjusted EBITDA in the second half of 2022, an improvement compared…
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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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Just Eat for Business has officially launched its employee benefits and food service for businesses, Just Eat Pay, in Ireland. As part of the launch, Just Eat has also announced the availability of the Just Eat Pay Card. The new debit card will work through the Just Eat website and…
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UKHospitality has called on the government for increased support as a new survey has found that one in five hospitality businesses saying they will not survive the current crisis, while three in five operators admitted they are no longer profitable. The findings come from a recent survey of hospitality operators,…
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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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