The British Kebab Awards: Westminster’s unlikely mainstay event August 18, 2021 For the uninitiated, the British Kebab Awards probably sound like something attended exclusively by shop owners and those people from YouTube who eat the same food for every meal. While these two categories of people should not be taken for granted, the event is in fact better known in SW1 as a mainstay on the [...]
Franco Manca’s Fulham Shore eyes expansion despite sliding revenue August 17, 2021 Hospitality group Fulham Shore, which owns Franco Manca, has seen its annual revenue nearly sliced in half due to the restrictions on restaurants for most of the year. The group pulled in £40.3m in revenue in the year to 28 March, after it had plunged 41.3 per cent from the £68.6m it raked in last [...]
Just Eat posts revenue surge of 52 per cent but struggles to turn a profit in fight for market share August 17, 2021 Strong demand for food delivery amid the last of the Covid restrictions persisted in the first half of the year and boosted Just Eat Takeaway’s revenue, but efforts to increase its share of the crowded market impacted profitability. Revenue in the first six months of the year grew to €2.6 bn (£2.2bn) – a 52 [...]
One of the world’s finest wines is Kent’s Squerryes 2011 Brut August 16, 2021 Get ready for something seriously tasty to tickle your tastebuds. Over 18,000 wines were blind-tasted at the largest, most renowned wine competition internationally, The Decanter Awards. The Judges then allocated the select few winners Bronze, Silver, Gold and Platinum medals, but this is not the pinnacle. Get ready to feel patriotic. Of those 18,000 wines, [...]
DoorDash swings to loss in second quarter since IPO August 13, 2021 Aggressive expansion into a crowded global grocery delivery market plunged SoftBank-backed DoorDash into a wider than expected loss in the second quarter since its December 2020 IPO. The NYSE-listed food delivery firm reported a net loss of $102m in the second quarter, wider than the $74.6m loss Wall Street had been expecting. This translated to [...]
Big screen bonanza: Londoners set for film fest with free Trafalgar Square screenings August 12, 2021 Trafalgar Square will play host to a string of free film screenings later this month as part of a major campaign to bring people back into London and boost the UK film industry. Over the Bank Holiday weekend Londoners and visitors will be able to enjoy the red carpet experience with six free matinee and [...]
Deliveroo shares slip despite revenue soaring and lockdown orders doubling August 11, 2021 Lockdown favourite Deliveroo revenue jumped 82 per cent to £922m in the first half of the year, results out this morning showed. The number of orders doubled to shy of 150m in the first half of 2021 compared with 75m during the same period last year when the first national lockdown was introduced. Deliveroo said [...]
Burger chain Wendy’s to launch ‘ghost kitchens’ in UK August 11, 2021 U.S. burger chain Wendy’s has announced plans for 700 delivery kitchens including in locations across the UK. The company announced a development commitment by REEF to launch 700 ‘ghost kitchens’ over the next five years across the U.S., Canada and UK. The delivery kitchen concept will target consumers keen to maintain at-home leisure habits beyond [...]
Gino D’Acampo chain rescued in £12.9m pre-pandemic bailout August 10, 2021 Celebrity chef Gino D’Acampo’s restaurant chain received a £12.9m bailout before venues were struck by Covid closures. The money was lent by D’Acampo’s co-investors and Iceland bosses, Sir Malcom Walker and Tarsem Dhaliwal, who run the linked company Individual Restaurants. Gino D’Acampo Worldwide Restaurants owes the Piccolinos owner £12.9m, including a £7.125m bank loan taken [...]
The future of film: Big screen’s make or break moment August 9, 2021 As blockbuster season explodes into action and Cannes finally reconvenes, it may seem like business as usual for cinema. But peek behind the scenes and there are still huge challenges to overcome. Three CAs in the sector tell Christian Koch about the big screen’s make-or-break moment. This article first appeared in ICAS’ CA magazine. Hollywood and [...]