Food and Drink Industry

In a significant strategic shift, KFC has withdrawn its commitment to source chickens from slower-growing breeds in the UK by 2026, citing critical supply chain limitations. The decision marks a substantial reversal of the company's 2019…

In a dramatic turn of events, Just Eat Takeaway has finalised the sale of its American subsidiary Grubhub for £650 million to Wonder, a New York-based startup, marking a devastating 91% reduction from its initial £7.3 billion purchase price…

Sarah Stewart has been "overwhelmed by the response" of cheese lovers around the globe since she made public the story of a fraudster who stole £300,000.00 worth of the best cheddar in the world from Neal's Yard Dairy. After the news…

Meta Platforms has fired staff after they allegedly used their meal vouchers worth $25 to buy household items, such as wine glasses and detergent. Executives at the social media firm found it too much to spend credits meant for food for…

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…

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…

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,…

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…

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…

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…

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 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…

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 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…

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…

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…

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 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…