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Food and drink industry
TGI Fridays’ rescue is overshadowed with closures and 1,000 jobs losses
After a failed rescue by private equity of the struggling British restaurant group, TGI Fridays has lost more than 1,000 jobs and closed 35 branches.
D&D London, the owners of top City restaurants such as Coq D'Argent, Le Pont De La…
Wine sellers protest against alcohol duty plan
Retailers are usually quick to announce price reductions and quiet about price increases, but some wine retailers have broken ranks to alert customers to the looming increase due to changes in taxation.
The campaign is being led by…
TGI Fridays could save up to 2,000 UK jobs
Administrators have reportedly reached a deal to save over 2,000 jobs at the UK branch of the TGI restaurant chain.
Calveton & Breal Capital, the private equity owners of upmarket restaurants such as Le Pont de la Tour, Quaglino's,…
How City High-Flyers have Fuelled UK Wine-Growing Boom
A report compares the UK's growing wine industry to California in the 1970s, with production increasing by more than twofold to 12m bottles per year. Will Banham is a partner in Knight Frank's viticulture department. He said that there has…
As the new tip-sharing legislation comes into effect, restaurants are considering price hikes.
New legislation that comes into effect this week will force restaurants to decide whether they want to raise prices for food and drinks or face legal action for sharing tips and service charges with employees. The government will introduce…
Labour to reduce Tory green tax on packaging
After a backlash by the food and beverage industry, ministers will water down the "packaging tax" of £1 billion proposed by the previous Conservative government. From April of next year, businesses that supply packaging or handle it for…
Gusbourne Wine Harvest Hit by “challenging Conditions”
Lord Ashcroft's Gusbourne estate, which is controlled by him, may be for sale at a high price but the harvest this year will face "challenging vineyard conditions". After building up strong stock, the group does not expect any interruptions…
The rise in chocolate prices may scare shoppers this Halloween
The price of chocolate has risen by 11% over the last year, far exceeding the increases in other food items across UK supermarkets. According to Which?, consumers who open their doors for trick-or treaters may decide to reduce spending on…
TGI Friday UK’s future is in doubt after owner announces plan to enter into administration
The UK branch of TGI Fridays has announced that it will appoint an administrator, which puts the future of all 87 restaurants and its 4,500 employees at risk.
Hostmore is a London-listed company that has announced it will appoint…
Knoops wants £5 million for expansion globally
Knoops raises £5 million through a deal valued at £34million. The chain of fast-growing chocolate drink cafes aims to open 5,000 outlets worldwide within the next decade.
Since William Gordon-Harris first tried a Ugandan hot chocolate…
The increase in grocery shopping is due to the back-to-school season.
Last month, households increased their grocery expenditures by stocking up on essentials for lunchboxes. Inflation in Great Britain's supermarkets dropped.
Kantar, a retail analyst, says that the rate of inflation in grocery prices fell…
Wetherspoons Boss Defends Pre-Flight Drinking Amid Ryanairs Call for Two-Drink Limit
Sir Tim Martin, the head of Wetherspoons, has come out in defence of pre-flight drinking, stating that the pub chain removed two-for-one alcohol deals and "shooters" from their airport menus "years ago". This statement comes in response to…
Non Alcoholic Guinness Could Surpass Traditional Variant as Demand Soars
In a surprising turn of events, an executive at Diageo, the parent company of Guinness, has predicted that the non-alcoholic version of the iconic beer could one day outshine its traditional counterpart. Anna MacDonald, marketing director…
Starbucks Replaces CEO Amid Declining Sales, Appoints Chipotle’s Brian Niccol
Starbucks Corporation has announced a significant leadership change, appointing Brian Niccol, the current head of Chipotle Mexican Grill, as its new chairman and chief executive. This move comes in response to declining sales and mounting…
Majority of Britons Support New Tax on Junk Food and Ultra-Processed Food Manufacturers
A recent poll conducted by Ipsos for the Health Foundation thinktank has revealed that a majority of people in Britain are in favor of introducing new taxes on companies that produce junk food or ultra-processed foodstuffs. The aim of these…
Newcastle Takeaway Ban Tackles Obesity Crisis as UK Economy Struggles
In a bold move to combat soaring obesity rates, Newcastle upon Tyne, the birthplace of the iconic Greggs bakery chain, has implemented a ban on new takeaway and fast food openings.
The city council's decision comes amidst complaints that…
Can McDonald’s prevent Greggs from eating their lunch?
Commentators and institutional investors wondered if the first global sales drop since the pandemic was the result of a larger malaise.
Chris Kempczinski's chief executive acknowledged that "it is clear that our leadership in value has…
Diageo warns of ‘extraordinary consumer environment’ after sales decline
Diageo's head has warned consumers that they are in an "extraordinary" environment, as the company reported its first drop in global sales since 2020.
The company that makes Smirnoff, Casamigos, and Johnnie Walker whiskey expects…