Cerelia to sell Jus-Rol after appeal to allow pastry merger blocked in court September 2, 2023 A pastry manufacturer will be forced to sell off a rival business after an appeal to allow the merger was blocked by a judge, the UK’s competition watchdog has said. Cerelia, the UK’s largest producer of bake-at-home products in the UK, agreed to buy rival pastry maker Jus-Rol for an undisclosed amount in 2021. But [...]
Brexit to blame? Pubs lost £22m over August Bank Holiday due to staff shortages August 29, 2023 Pubs lost out on a whopping £22m over the bank holiday weekend due to staff shortages which continue to cripple the UK hospitality sector post-Brexit. While the August bank holiday led many punters to the pub to enjoy extended weekend, a new study from the British Beer and Pub Association (BBPA) showed that staff shortages [...]
Best places in London to drink wine by the glass August 26, 2023 There have been many reports about the trend for reducing alcohol in-take, particularly among Gen Z and younger. As a wine lover and professional I can never fully support tee-totalism (unless for medical reasons) but what I can get on board with is the ethos of drinking less but drinking better. Gone are the days [...]
Subway sold to Dunkin Donuts’ owner Roark Capital in £7.55bn mega-deal August 24, 2023 Subway has agreed to sell itself to private equity firm Roark Capital, the owner of Dunkin Donuts and Arby’s, in a deal rumoured to be worth $9.55bn (£7.55bn). Earlier this year the sandwich maker said it was exploring options to sell the business, which has been in hands of the DeLuca and Buck families for [...]
From Jamie Oliver to Jeremy King and Jason Atherton: Top restaurants opening in London in 2023 and beyond August 23, 2023 London may be in that strange, midsummer quiet period but the restaurant industry is already gearing up for the autumn rush, with some of the most exciting launches since the pre-Covid times lined up over the coming months. Whether it’s the iconic The Wolseley opening its second venue on King William Street in the City, [...]
Breakfasts are back! Why The Wolseley chose the City for its £10m new restaurant August 23, 2023 The owners of iconic restaurant The Wolseley gave the City a vote of confidence yesterday, saying it is the “perfect” location for its second site. The £10m The Wolseley City is set to open this autumn on the historic King William Street with a venue even bigger and more glamorous than the original, with features [...]
The Tamil Prince new menu review: Still a star gastropub August 16, 2023 The Tamil Prince is the sort of London boozer-cum-restaurant that’s so achingly cool it could do with being taken down a peg or two. It’s a shame I can’t be the one to do that. If you’ve been to The Marksman, another hipster pub-turned-restaurant (this one in east London), you’ll know the vibe The Tamil [...]
Wellbeing disruptor UNTIL bags Dragon Steven Bartlett in bid to mend ‘broken’ industry August 14, 2023 Entrepreneur and star of Dragon’s Den, Steven Bartlett, has pumped cash in to London wellness disruptor UNTIL, as he joins the brand in a top executive role to drive its expansion. The investor joined as its new marketing co-founder to help fix the “broken” sector, following investment into the industry which is worth £3.5tn . [...]
Coca-Cola bottling firm raises outlook on revenue spike as Russia volumes tank August 9, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported a 19.3 per cent rise in revenues in its half year results as the group raised its outlook for the year. Operating profit for the bottler rose 15.9 per cent to €170m (£146m) as the group said it benefited from price increases in [...]
Beyond Meat: Pricey vegan alternative’s revenue falls 30 per cent as forecast slashed August 8, 2023 Beyond Meat slashed its annual forecast for the year as its revenues plummeted 30 per cent in the second quarter due to customers becoming more reluctant to buy into pricey fake meat alternatives amid the cost of living crisis. The US company, which supplies its vegan plant based burger patties to the likes of McDonald’s, [...]