Raising finance for hospitality ventures of all kinds is being transformed by crowdfunding and the opportunities it brings for entrepreneurs to raise funds for investment directly from members of the public. The offers, and their success, are very diverse: for every Chapel Down winery (their offer was fully subscribed in just a few days) there are others who fail to convince … [Read more...]
Sale of Roadchef announced
Delek Group, owners of Roadchef Motorway Services, has announced that it has entered into a binding agreement for the sale of its entire holdings (100%) in Roadchef Ltd to Antin Infrastructure Partners, a European infrastructure fund, in consideration of approximately GBP 153 million. The sale is expected to complete by the end of September 2014. No further information on … [Read more...]
Declining customer satisfaction with restaurants
Customer satisfaction with restaurants declines this year, according to the latest results of the National Customer Satisfaction Index (NCSI-UK). Nearly every large restaurant chain shows deteriorating customer satisfaction, and for the first time, customers are more satisfied with quick-service restaurants than full-service restaurants. Customer satisfaction with limited … [Read more...]
Greggs: full year profits to be ahead
Greggs, the leading bakery food-on-the-go retailer in the UK with almost 1,700 retail outlets, has reported strong performance for the 11 weeks to 13 September in its Interim Management Statement: Own shop like-for-like sales up 5.4% for the 11 weeks to 13 September (2013: 1.0% decline) Year to date own shop like-for-like sales up 3.9% Total sales growth 3.5% year to … [Read more...]
Wahaca’s perfect wake-up call
Wahaca, the award winning Mexican street food restaurant launched by Thomasina Miers and Mark Selby, is introducing a new breakfast menu inspired by fresh British produce and the vibrant flavours of Mexican cuisine. The perfect wake-up call Coinciding with the opening of Wahaca Great Portland Street on 11 September the menu will be served at the new site from 7:30 am on … [Read more...]