Patron Capital, owner of Generator Hostels, has successfully completed a minority sale of Generator to Invesco Ltd. of up to 23% in exchange for €60m of growth capital. Invesco’s stake in Generator is the inaugural investment by Invesco’s opportunistic strategy, focused on growth businesses, co-managed by Invesco Real Estate, WL Ross & Co, and Invesco Fixed Income. The … [Read more...]
Aramark scoops ‘Sword of Honour’ for offshore safety
Aramark’s offshore team has received the British Safety Council’s ‘Sword of Honour’ for the fourth year running – an award given by the Council to recognise organisations which have demonstrated excellence in the management of health and safety. Aramark, a global provider of food, facilities management and uniform services, is a specialist in the offshore oil and gas … [Read more...]
UK Food and Restaurant Trends for 2015
Leading food research and consulting firm Technomic has turned to the U.K. market to identify the transformative food and restaurant trends for the coming year: Trend 1. Alternative Diet Focus The forthcoming allergen labelling requirements will fuel significant changes at restaurants by compelling operators to be more transparent about the ingredients they use and … [Read more...]
Hospitality Show: Digital Blonde to host expert debate
Karen Fewell, better known as Digital Blonde, is set to chair a thought-provoking debate at the Hospitality Show on Tuesday 20 January at 3:15pm – a date to note for your diary! The expert panel session is focused on technology and the dining experience and will explore the current trends when it comes to eating out. Entitled ‘Should we switch on or switch off at the dining … [Read more...]
The Restaurant Group reports like-for-like 3.0% ahead
The Restaurant Group has provided its trading update for the 45 weeks to 9 November 2014 together with a commentary on the outlook for the remainder of the financial year (52 weeks to 28 December 2014), reporting like-for-like sales 3.0% ahead. Douglas Jack of Numis commented: “Although we are cautiously trimming 2014E forecasts, prospects for 2015E remain strong. RTN should … [Read more...]