IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) for $430 million in cash. The leading to a prompt comment from Wyn Ellis of Numis: “It is some time since IHG has made a meaningful acquisition and, in our opinion, this looks a sound financial and strategic move.” Highlights IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) … [Read more...]
Stansted Airport for Leon with 12 to follow in 2015
Naturally Fast Food chain Leon has opened the doors to their 21st restaurant at Stansted Airport, furthering their mission to allow everyone to eat good food. Over 70 food and drink businesses competed for the 12 units in Stansted’s revamp, which aims to make the airport the best in London. Leon co-founder and CEO John Vincent says, ‘This year marks our 10th birthday, and … [Read more...]
Michelin star chef joins Rockliffe Hall
One of the UK’s most celebrated chefs is joining Rockliffe Hall in Hurworth, County Durham. Richard Allen, who has held a Michelin star since 2011, will be taking over the running of The Orangery at Rockliffe Hall in January when he joins the 5* resort as executive head chef. In addition, Richard will work with the teams in Rockliffe Hall’s other two restaurants, The … [Read more...]
Two new premium coffees for foodservice market
UCC Coffee UK & Ireland has strengthened its out of home range with the launch of two unique coffees - Grand Crü version 2.4 and Orang Utan Coffee. Grand Crü version 2.4 is the pinnacle of the UCC Coffee range, made up of three premium speciality coffees from this season’s crop - Mexico Finca Muxbal, Nicaragua Finca El Bosque and Kenya Thiriku AB. Each of the individual … [Read more...]
Tea sales in the out-of-home coffee shop market reach £300 million
Tea sales in the out-of-home coffee shop market are estimated at £300 million, according to a new report on tea drinking by Allegra World Coffee Portal. In a nation of 64 million people, 165 million cups of tea are consumed every day in the UK. The majority of cups are consumed at home or at work. Polarisation of tea brands The market is split between premium brands … [Read more...]