Selfridges to open two new London dining destinations

Selfridges is set to launch a new dining destination on the fourth floor of the Oxford Street store, welcoming Din Tai Fung and Pizza Pilgrims to its collection of restaurants. According to the retailer, Pizza Pilgrims will be the first to launch on 9 December, bringing its ten-year experience to a new sustainable 108-cover concept, with locally sourced ingredients and a menu of more than 40% Selfridges exclusives. All pizza dough will be made with only regenerative UK wheat in collaboration with Wild Farmed, while further locally sourced ingredients will include Fior di…

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Private equity deals surge in F&B market

Grant Thornton’s latest food and beverage insights found that the total deal value for PE in Q3 has also increased, up from £1.98bn in Q2 2021, to £3.7bn Of the 32 deals announced in the food and beverage sector in Q3, 44% involved private equity (PE), a “significant” increase compared to the 33% in Q2, according to new research from Grant Thornton. The deal value this quarter was notably inflated by PAI Partners’ acquisition of PepsiCo Inc. Excluding this, however, the total disclosed deal value involving private equity for Q3 was…

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UK restaurant. Photo by Robert Bye on Unsplash

CGA says UK hospitality industry still faces “very real” issues

Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA, reiterated that the pandemic has ‘inflicted massive damage’ into the sector, through the forced closure of thousands of businesses Despite some 79% of business leaders expressing optimism for the future, they also face the “very real” issues of staff shortages, rising costs and high debt levels, according to the latest Future Shock report from CGA and UKHospitality. Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA, reiterated that the pandemic has “inflicted massive damage” to the…

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