Insolvency Service alerted to ‘stooge’ arrangement by liquidators called in to wind up business
Middleby buys ventless cooking supplier as operators look to lower kitchen costs
Manufacturer thinks the “significant costs” associated with the installation of traditional ventilation will drive shift in operator purchasing decisions
OPINION: London ‘off the boil’ in 2019, predicts RSM’s head of hospitality
Paul Newman highlights the fight for lunchtime spending and a continued social conscience dominating next year’s marketplace
Deliveroo to offer restaurants data to make their kitchen operations more efficient
Deliveroo is promising to give its restaurant partners access to the huge volume of data it captures so that they can improve efficiency and gain a greater understanding of kitchen performance. The delivery giant has built up a comprehensive picture of consumer habits through the use of its ‘Frank’ algorithm and it now intends to…
Boparan Restaurant Group serves up discounts for Britain’s frontline heroes
Boparan Restaurant Group is introducing a raft of new offers especially for Britain’s frontline services. With another testing winter in store for Britain’s frontline service personnel, the casual dining group said it would help to reduce the pressure on the pockets of the tens of thousands emergency sector workers across its Giraffe, Ed’s Easy Diner…
Takeaways coin in more than restaurant groups for the first time after dramatic profits swing
The top 100 takeaway businesses in the UK are now more profitable than their counterparts in the traditional restaurant sector, it has been claimed. Analysis from finance specialist Funding Options shows that profits at the UK’s top takeaway businesses increased 13% from £160m to £180m last year. That contrasted sharply with the top 100 UK…
Companies that pay their CEO modestly perform better, claims study
Companies that pay their CEOs more modestly perform better financially, new research has claimed. Vlerick Business School examined the pay levels and habits of CEOs and CFOs in 861 companies in the major stock indexes across Europe, including the FTSE 100 and 250 in the UK, the OMXS60 in Sweden and all listed firms across…
Catering supplier to trade under new name following integration under new parent
Wrap Film Systems, the producer of commercial catering dispensers, has been renamed ‘Melitta UK Ltd’, which itself will comprise of three business divisions from now on. The three divisions include Melitta UK (Retail/C&C, Bacofoil and Melitta), Cofresco Foodservice (Wrapmaster and Caterwrap) and Cofresco Operations UK. The name change is in response to Cofresco Frischhalteprodukte GmbH…
Raymond Blanc’s White Brasserie Company ramps up business with upcoming opening
The White Brasserie Company, part of Brasserie Bar Co, is set to open its 17th site, the Boot in Histon in Cambridgeshire in February 2018. The opening is part of The White Brasserie Company’s plan to roll out 20 pubs over the next three years. The business is the sister brand to Raymond Blanc’s well-known…
Itsu suffers 70% blow to EBITDA amid store expansion strategy
Itsu, a British chain of Asian-inspired fast food shops and restaurants, has made a notable drop in EBITDA and overall losses, despite securing high revenues. In the company’s annual report for the period 29 Dec 2016, it is reported revenues saw a healthy boost of +17% to £95.9m, while the sushi chain’s EBITDA was down…
