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Tag: Food & drink industry

Fear of Pizza Express closures as chain faces takeover by bondholders | Business

Pizza Express is set to be taken over by its bondholders, with the possibility of restaurant closures as the high street chain struggles with the loss of revenues during the coronavirus pandemic. The chain’s Chinese owner, Hony Capital, could lose control of the company as part of a debt-for-equity swap. A group of investors in …

Fear of Pizza Express closures as chain faces takeover by bondholders | BusinessRead More

Carluccio’s set to file for administration amid coronavirus shutdown | World news

The Italian restaurant chain Carluccio’s and the rent-to-own retailer BrightHouse are expected to be among the first high-street casualties of the coronavirus shutdown, putting about 4,400 jobs at risk. Carluccio’s is understood to be preparing to file for administration. FRP Advisory, the restructuring specialist, confirmed it was working with the chain, which has 73 branches …

Carluccio’s set to file for administration amid coronavirus shutdown | World newsRead More

‘They do taste nice’: consumers spoilt for choice for vegan fast-food options | Food

Forget food storage boxes with leftover nut roast and bean curries, the quarter of a million Britons set to ditch animal products for Veganuary this month are unlikely to be stuck for on-the-go options. On the first working day of 2020 several food retailers started selling new meat-free options, including KFC, which launched its first …

‘They do taste nice’: consumers spoilt for choice for vegan fast-food options | FoodRead More

Flotations, corporate collapses and Brexit: the year in business | Business

For business and finance, 2019 was a year of big-name corporate collapses, investigations into alleged scandals and the inevitable arguments about Brexit. Bankers and tycoons tried to get on with things by attempting huge flotations, large mergers and sizeable refinancings – with mixed results. Here is a review of the year in business. Floats Saudi …

Flotations, corporate collapses and Brexit: the year in business | BusinessRead More

UK firms urge Brazil to stop Amazon deforestation for soy production | Environment

Tesco, Sainsbury’s, Asda and the UK’s largest asset manager are among 87 major companies and investors who have written to Brazil’s far-right president, Jair Bolsonaro, urging his government to stop further deforestation of the Amazon for soy production. The preservation of the Amazon rainforest, a vital sink for carbon dioxide, is widely considered by scientists …

UK firms urge Brazil to stop Amazon deforestation for soy production | EnvironmentRead More

Supermarket luxury mince pies – ranked | Business

This year’s best mince pies are from Marks & Spencer, according to baking experts at Which?, with Iceland the much cheaper runner-up. The panel blind-tested 11 supermarket premium mince pies to uncover the most delicious, as well as the blandest, wettest and least appetising. The best buy went to M&S Collection Mince Pies, priced at …

Supermarket luxury mince pies – ranked | BusinessRead More

Fever-Tree mixes revenue warning with US expansion cheer | Business

The drinks company Fever-Tree has said a slowdown in consumer spending has hit UK retail sales of its popular mixers. The premium tonic water and mixer maker lowered its forecast of global sales this year to £266m to £268m, about 13% year-on-year growth. Analysts had been forecasting sales of about £272m to £275m. Fever-Tree said …

Fever-Tree mixes revenue warning with US expansion cheer | BusinessRead More

Waitrose champagne named best-value bubbly for Christmas | Business

An own-brand champagne from Waitrose has been named the best-value Christmas bubbly after experts said it tasted almost as good as the established brands Piper-Heidsieck and Veuve Clicquot. The supermarket’s fizz, which sells for £20 a bottle, scooped one of the Which? three “Best Buys” this year, after a panel tasted 17 branded and supermarket …

Waitrose champagne named best-value bubbly for Christmas | BusinessRead More

Uber must soon face up to task of picking up some serious money | Nils Pratley | Business

Uber was smart to get itself listed on the New York stock exchange before the WeWork fiasco. There’s now a much-needed mood of scepticism on Wall Street towards cash-burning companies whose horizon for profitability stretches into the middle distance. Uber might find it harder today to raise $8bn (£6.2bn) at a whizzy valuation. As it …

Uber must soon face up to task of picking up some serious money | Nils Pratley | BusinessRead More

Posh crumpets are a thing, says Waitrose … and so is celery juice | Business

The humble crumpet has benefited from a “posh” makeover inspired by top chefs, sales of celery juice have soared after becoming an instagram favourite and consumers are now mad for tahini, according to a report on this year’s food and drinks trends. The findings in the annual – and seventh consecutive – food and drink …

Posh crumpets are a thing, says Waitrose … and so is celery juice | BusinessRead More