In 2013, predictions for UK food and drink prices in 2014 were for continued inflation at around 3.5% - as the graph above indicates, the reality was a very different deflation of up to 1.5%, though this is more like 0.5% inflation for foodservice (see explanation in Summary below). So what at was it that caused the disparity between the forecast and the actual performance? … [Read more...]
Greene King: record results, strong returns, strategic progress
Greene King has today reported its Preliminary results for the 53 weeks to 4 May 2014, with Rooney Anand, Greene King chief executive officer, commenting: “We have delivered four years of record results since the credit crunch and maintained this momentum over the last 12 months by giving our customers what they want, in the right way and at the right price. Profit growth of … [Read more...]
Sale of Rileys Sports Bars to Weight Partners Capital
Sale of Rileys Sports Bars to Weight Partners Capital The Joint Administrators of Rileys have confirmed the sale of its business and assets to the private equity firm Weight Partners Capital. Under the sale, the remaining 43 sites that have been traded by the Joint Administrators since their appointment on 15 September, together with the head office function, have been … [Read more...]
Tulse Hill Hotel re-opens
Following an extensive refurbishment, this historic nineteenth century public house is due to re-open on Monday 8 December as the Tulse Hill Hotel. This exciting new venture is be housed in a beautiful early Victorian period building that dates back to 1840 when it was originally the Tulse Hill Hotel. The boutique hotel has undergone a comprehensive £1.5 million renovation … [Read more...]
UK coffee shop market heads for £16.5 billion turnover by 2020
The total UK coffee shop market is estimated at 18,832 outlets and continues to outperform the UK retail sector with significant sales growth of 10.7% on last year with £7.2 billion total turnover. The total UK coffee shop market is predicted to exceed 27,000 outlets and £16.5 billion turnover by 2020, driven by branded coffee chain expansion and non-specialist operator … [Read more...]