The Goose

Catering bosses question Olympic contract profits

"Ego and PR" are the only reasons to cater at the London 2012 Olympics, according to contract caterers who question the profitability of the games... View more
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Latest Caterersearch headlines

  • Merchant Inns report found 'simplistic' forecasts and 'weak' control

    Merchant Inns report found 'simplistic' forecasts and 'weak' control

    An extensive review of Merchant Inns for its bankers warned that its financial forecasts were "simplistic" and its financial control "weak", more than three months before it went into administration. The boutique pubs-with-rooms operator, owned by property magnate Sir John Ritblat, called in administrators Deloitte in October last year, following the sacking of its chairman, Robert Breare, in August.

    Posted: 29 Jul 2010 | FULL ARTICLE

  • Carlson buys TGI Friday's UK from AAC

    Carlson buys TGI Friday's UK from AAC

    Carlson, a privately held global hospitality and travel company, has bought the remaining 60% stake in TGI Friday’s UK Holdings and plans to remodel and expand the casual restaurant chain over the next five years. The deal sees Carlson acquire TGI Friday’s from AAC Capital Partners for $50m (£32m).

    Posted: 29 Jul 2010 | FULL ARTICLE

  • Eating-out report warns of long-term effect of recession

    Eating-out report warns of long-term effect of recession

    The UK eating-out market is starting to see green shoots of recovery, but while the amount spent on dining out of the home in 2010 is marginally up from last year the recession will have an enduring impact on consumer attitudes, according to new research in the Eating Out in the UK 2010 report.

    Posted: 29 Jul 2010 | FULL ARTICLE

  • Barclay brothers sell 10% stake in IHG

    Barclay brothers sell 10% stake in IHG

    Shares in the InterContinental Hotels Group (IHG) fell yesterday by 7.4% following the news that the Barclay brothers had sold their 10% stake in the company for around £335m. Ellerman Corporation, an investment company owned by David and Frederick Barclay, offloaded almost 30 million shares.

    Posted: 28 Jul 2010 | FULL ARTICLE

  • Center Parcs to open more luxury accommodation

    Center Parcs to open more luxury accommodation

    Luxury accommodation at Center Parcs in Nottinghamshire and Wiltshire is to be increased with the opening of three tree houses and five exclusive lodges, in 2011. The two-storey, four-bedroom tree houses at Center Parcs Sherwood Forest in Nottinghamshire will each feature en-suite bathrooms and balconies to all bedrooms.

    Posted: 28 Jul 2010 | FULL ARTICLE

  • Compass reports a fall in revenue in third quarter

    Compass reports a fall in revenue in third quarter

    Compass Group has seen a 2.1% year on year fall in organic revenue for the third quarter despite reporting a "slight acceleration" in new and retained business. The world's largest contract caterer blamed the fall on challenging economic conditions, which it says continue to impact like for like volumes in the UK business and industry sector in the nine months to June 2010.

    Posted: 28 Jul 2010 | FULL ARTICLE

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