Welcome to the May edition of Bord Bia's Ireland Market Foodservice Newsletter.
This month we are undertaking research interviews with key industry representatives as part of the drafting process for our 2021 Irish Foodservice Industry White Paper.
Findings from the White Paper will be presented via a webinar on Thursday, 17th June from 2-3PM. We are delighted to confirm that Gather&Gather will join us as guest speakers on the day, presenting live from Airfield Estate in Dublin.
For more information and to register your attendance at the webinar, visit our website HERE.
General Industry News
Business confidence jumps to higher levels than before pandemic
Business Post – 27.04.2021
Bank of Ireland’s latest pulse index found that business confidence jumped in April to higher levels than seen even before the Covid-19 pandemic, as companies look ahead to the rollout of vaccines and some easing of restrictions. The index rose by 14.3 points from March to 88.9 for the current month, according to a survey of about 2,000 companies. The reading was up 59.3 points on April of last year.
Hospitality sector to receive stimulus plan once restrictions lifted, says Martin
Irish Times – 18.04.2021
Taoiseach Micheál Martin has promised a major stimulus plan for the beleaguered hospitality sector to help it recover once the pandemic restrictions are lifted. In an interview with the Business Post, Mr. Martin said the Government’s National Economic Plan was being worked on by the cabinet sub-committee on economic recovery, with Paschal Donohoe, the Minister for Finance, and Michael McGrath, the Minister for Public Expenditure, being the “key linchpins”. He confirmed that the plan would include a major stimulus package for the 180,000 people working in hotels, pubs and restaurants in the hospitality industry.
Quick Service Restaurant (QSR) & Pub Sector
Domino’s Pizza reports like-for-like sales up 18.7% in Q1
Propel Info News – 22.04.2021
Domino’s Pizza Group has reported trading in the first quarter to 28 March has been strong, with exceptional trading over the new year period, resulting in UK and Ireland system sales of £371.3m, up 18.7% on the first quarter of last year which was largely unaffected by the impact of Covid-19. The company stated: “The sales performance of our delivery business has been particularly good, more than offsetting the lower sales within our lockdown-impacted collection business. At an order count level, we have seen delivery growth of 6.8% in the quarter with collection reporting some recovery, now trading at 65% of 2019 levels”.
Pubs and restaurants in Northern Ireland to resume outdoor trading on 30 April as sector reopening fast-tracked
Propel Info News – 19.04.2021
The reopening of the hospitality and tourism sectors in Northern Ireland have been fast-tracked as part of a series of lockdown relaxations agreed by Stormont ministers. Pubs and restaurants can serve customers outdoors in groups of six from no more than two householders from Friday, 30 April. Operators can then resume indoor operations from Monday, 24 May. Meanwhile, outdoor visitor attractions can reopen from Friday, 23 April, along with hairdressers and beauty salons. Self-contained tourist accommodation, such as caravans and rented holiday homes, can operate from 30 April, when remaining non-essential retail will also reopen. Remaining tourist accommodation can operate from 24 May and indoor visitor attractions can also reopen.
Hotel & Restaurant Sector
Dalata experienced adjusted EBITDA loss of €3.6m during Q1 2021
Hospitality Ireland – 29.04.2021
Dalata Hotel Group plc has revealed that it experienced an adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) loss of €3.6 million during the first quarter of 2021. According to the group's Chairman, John Hennessy, "The Covid-19 pandemic continues to have a significant impact on our business and daily lives. Since the start of January, our hotels have been closed to the general public, serving customers related to essential services only. For the first quarter of 2021, occupancies at our hotels were 14% in Dublin, 16% in regional Ireland and 13% in the UK.” Outlining its current development pipeline, Dalata stated, “We expect the Samuel Hotel and Maldron Hotel Merrion Road to open in Q4 2021 and Q2 2022, respectively. Planning permission has been approved for Maldron Hotel Croke Park in Dublin, with the hotel on track to open in Q1 2024."
Irish chicken and burger concept Coqbull opens second London site
Propel Info News – 14.04.2021
Coqbull, the Irish chicken and burger concept from East London Pub co-founder Patrick Frawley, has opened its second site in the capital. The brand, which operates three sites in Ireland, has taken over the former Blixen restaurant site in Brushfield Street, Spitalfields. Last year, the company took on the former Jamie’s Italian site in Denman Street, for a flagship opening under the brand, which made its London debut earlier in 2020 with a residency at East London Pub Co’s The Lock Tavern in Camden. Founded in 2015, Coqbull has three restaurants in Cork and Limerick.
Casual Dining & Contract Catering Sector
Bread 41 to expand and open new restaurant in €265,000 revamp
Irish Times – 29.04.2021
Bread 41, the popular Dublin City bakery, is undergoing a €265,000 revamp that will see it expand into a new premises next door, as well as open a new restaurant upstairs. The bakery, which is situated directly in front of Trinity College Dublin’s new business school under the Dart bridge, is owned by Eoin Cluskey who has used the months of the Covid-19 pandemic to make some significant changes to the business. “We’ve expanded into the unit next door with a sort of lab concept with alternative sugars and grains. That’s been open for about 12 weeks. When Covid is done you’ll be able to walk in there and see the pastry room working. There’ll be a click-and-collet option there also. “We’ve transformed that (upstairs) into an eatery and we’re trying to figure out what way it will look with people sitting indoors”.
Compass Group invests in delivered office food solution
Business & Finance – 23.04.2021
Compass Group Ireland has launched a solution to the hybrid-working situation companies now face, as employers and employees decide on returning to work and, or, continued part-time working from home. The launch of the company’s Feedr app in Dublin, partnered with the catering group’s new virtual kitchen facility, Copper Pan Kitchen, will give employers a flexible and scalable way to feed their teams whether on-site in the workplace or at home. Compass Group acquired Feedr, a UK developed Cloud Canteen solution, in March last year to accelerate digital transformation of its workplace foodservices and as a key element in its ‘return to work’ strategy. The Feedr service, which will only be available in the Dublin area during 2021, will increase flexibility for corporate customers and facilitate social distancing thanks to app-based pre-order and pre-payment, agreed workplace collection points and notifications when food is ready.