Business articles

Caffe Nero cup

Caffè Nero hires new CEO to grow 600-strong UK business

Caffè Nero hires new CEO to grow 600-strong UK business

High street coffee shop chain Caffè Nero has appointed a hospitality guru as its new CEO to spearhead its ambitious growth plans. Will Stratton-Morris joins Caffè Nero from SSE retail, where he was divisional CEO. He has previously been the CEO of the Intercontinental Hotel Group for UK and Ireland and has more than 25 years’ experience

Just East website

BREAKING NEWS: CMA clears way for delivery firms to merge their businesses

The Competition and Markets Authority (CMA) has cleared Just Eat’s acquisition of Hungryhouse, following an in-depth phase 2 investigation. A group of independent panel members found that the merger does not raise competition concerns. The web-based food ordering platforms give restaurants the opportunity to reach a wider pool of people, as well as offer consumers the convenience of

CHARLOTTE, NC - NOVEMBER 13:  Cam Newton #1 of the Carolina Panthers runs onto the field to warm up before their game against the Miami Dolphins at Bank of America Stadium on November 13, 2017 in Charlotte, North Carolina.  (Photo by Streeter Lecka/Getty Images)

Sodexo splashes big with £500m takeover of rival caterer

Sodexo has shaken up the contract catering market by splashing out $675m (£513m) to acquire sports and leisure catering specialist Centerplate from private equity firm Olympus Partners. The acquisition doubles the size of Sodexo’s sports catering business in one move. Centerplate is the fourth largest operator by revenues in the US sports and leisure market,

Restaurant service

Industry rocked by shock job drop

The ALMR has reacted to yesterday’s “shock” news that job creation in the sector has fallen, by calling on the government to take action to support eating and drinking out businesses. New figures reveal that employment in the sector dropped by almost 25,000, or 1.4%, in the latest quarter. ALMR chief executive, Kate Nicholls, said:

Horizons predicts foodservice trends for 2016

Pret boosts global roll-out plans with Autogrill partnership

Coffee shop chain Pret A Manger has cemented a deal with a multinational catering giant to enact its ambitions of expanding in North America and Europe. Through the partnership with Autogrill, Pret shops will open in major airports in North America and in airports and railway stations in Europe, including the Netherlands and Denmark. Autogrill Group will manage the

LONDON, ENGLAND - NOVEMBER 09:  <> on November 9, 2017 in London, England.  (Photo by Tottenham Hotspur FC/Tottenham Hotspur FC via Getty Images)

Spurs sign up two more top chefs to complete line-up for new stadium

Tottenham Hotspur and its catering partner Levy UK have revealed the full line-up of world-renowned chefs bringing their expertise to the premium offering at the club’s new stadium, with Bryn Williams and Dipna Anand unveiled as the final additions. Award-winning Williams and Anand join the Roux family and Chris Galvin, as revealed by FEJ last month, at the On

Chopstix acquisition

Chopstix Group snaps up rival chain after waiting for the right deal to emerge

The Chopstix Group, which owns and operates the eponymous chain of 75 noodle restaurants across the country, has completed its first ever acquisition. The group has purchased the popular Yangtze chain of restaurants from Wok Ltd for an undisclosed sum, in a deal backed by Metro Bank. Yangtze, which launched in 2006 and employs 70


Kellogg’s crunches into foodservice market with permanent cereal café

The emergence of ‘cereal cafes’ has been a trend in cities such as London during recent years, but food manufacturer Kellogg’s is aiming to trump everything that has gone before it with a cafe that takes the concept to a whole new level.  The Cornflakes and Frosties giant has revealed that it will bolster its business portfolio by opening a cereal


£43k wiped off the value of the average London restaurant this year

The value of a typical restaurant in London has plummeted by more than £43,000 during the past year following a ‘perfect storm’ engulfing the market, it has been claimed. The value of a restaurant in the capital was estimated at £140,000 in 2016, but that figure has now fallen to £97,000, according to online business transfer

JD Wetherspoon pub

JD Wetherspoon continues to dash Brexit fears with optimistic sales

UK-based pub chain JD Wetherspoon has followed up its better-than-expected financial year report with an equally optimistic update for the first quarter of the new trading season. Like-for-like sales increased by 6.1% and total sales by 4.3% for the 13 weeks to 29 October 2017. The underlying operating margin, excluding property gains, was 8.6%, although