Welcome to the September edition of the Bord Bia Irish Market Foodservice Newsletter.
We are delighted to announce that this year’s Irish Foodservice Seminar is taking place on Thursday, November 3rd at the Killashee House Hotel.
The theme of the event is Reimagined Channels, reflecting the acceleration in cross-over between foodservice, retail and direct to consumer channels and ultimately meeting the changing behaviors of today’s consumer, wherever they are at.
Speakers and panel members will share relevant industry and consumer trends taking place both in Ireland and overseas and the full line-up and agenda will be available from early October.
Registration is now open via our website HERE. In-person numbers are limited to 250 places and will be allocated on a first come, first served basis, so register early to avoid disappointment!
General Industry News
No final figure currently set for Budget 2023 - Taoiseach
Budget 2023 will include cost-of-living measures, but there is no final figure currently set on what that amount will be, according to the Taoiseach. Micheál Martin said the response of the Government will be aimed at helping families to offset the rising costs that "are going so high at an unprecedented level, the likes of which we have never seen, not even in the late 1970s, when we had faced real experiences of oil crisis". He said the specifics are being worked out, but the principle of saving jobs - as was done during the Covid-19 pandemic - will also apply in this crisis.
Cabinet to approve 80 cent rise to minimum wage
RTE Business – 14.09.2022
The Cabinet is tomorrow set to approve an €0.80 rise to the minimum wage, bringing it to €11.30 per hour from the beginning of next year. Tánaiste Leo Varadkar will bring a recommendation from the Low Pay Commission to Government in the morning. This is one of the biggest increases in the minimum wage but the Commission has warned that the rate alone cannot compensate workers for inflation and recent increases in the cost of living. It recommends that additional measures are taken to support low paid workers. The commission also sets out an indicative rate for what is called a Living Wage. It is set to replace the minimum wage by 2026 and it will be set at 60% of the average wage.
Quick Service Restaurant (QSR) & Pub Sector
Pret A Manger opens first shop in Ireland
RTE – 26.08.2022
British food chain Pret A Manger has opened its first shop in Dublin as part of a planned expansion into the Irish market. The company has more than 450 outlets in the UK as well as premises across Europe, North America and Asia. It plans to open 20 shops on the island of Ireland over the next decade, creating 500 jobs in the process.
A lot of dough - Krispy Kreme's Irish revenues surge to €134,326 a week
RTE - 31.08.2022
The Krispy Kreme business last year recorded weekly revenues of €134,326 as the doughnut maker expanded its business and recovered from the early phases of the Covid-19 pandemic. New accounts filed by Krispy Kreme Ireland Ltd show revenues surged by 51% to €6.98m on the back of a new a store opening at the Pavillions Shopping Centre at Swords in north Dublin last November.
Hotel & Restaurant Sector
Dalata Publishes its Results for H1 2022
Hospitality Ireland – 31.08.2022
Dalata Hotel Group has published its results for the six-month period that ended on 30 June 2022. According to a statement published on DalataHotelGroup.com, the group’s business levels surpassed those of pre-pandemic H1 2019, with revenue increasing by 9%, to €220.2 million. The group has added 1,600 rooms in the year to date, after adding five hotels in H1 2021, and a further hotel opened in August.
Positive Carbon and Adare Manor Team Up to Tackle Food Wastage
Hospitality Ireland – 16.08.2022
Positive Carbon, an APX-backed social enterprise based out of Co. Roscommon, has added Co. Limerick hotel and golf resort Adare Manor to its network of partner hotels. Positive Carbon co-founder and CEO Mark Kirwan stated, "We couldn't be happier to announce our partnership with Adare Manor. Our aim is to bring carbon neutrality to food operations and Adare Manor is a perfect example of a truly circular system - tackling food waste at every stage. Implementing our technology throughout the estate demonstrates their genuine commitment towards sustainability and we are excited to be working with them."
Contract Catering & Trade Sector
Just Eat launches new employee benefit service in Ireland
The Irish Times – 06.09.2022
Food delivery platform Just Eat has launched a new employee benefit service through its corporate arm that will help companies provide daily or monthly meal allowances to staff. Digital food platform Just Eat Pay has no fixed costs, with companies managing their own accounts through a customised dashboard. It will also include a new debit card option that can be used to order food online from the company’s 3,525 partners, and also in person from hospitality businesses who are not part of Just Eat’s network, but support Mastercard and Maestro payments.
Compass raises more than £680m towards net zero ambitions
www.thecaterer.com – 13.09.2022
Compass Group, the world's largest food services company, has issued two sustainable bonds which will be used to fund its global net zero target. The bonds will be used on projects that will enhance responsible sourcing, among other initiatives and will include:
- Goods which are certified sustainable, Fairtrade or organic;
- Goods from local, socially diverse or minority suppliers;
- Expenditure in support of the group's net zero commitment, such as the costs of electrifying fleet, use of renewable energy, promotion of plant-based products, and investment in regenerative food production;
- Food waste reduction projects including measurement technologies and systems;
- Waste reduction projects including tackling plastic waste, and the promotion of reusable items; and
- Investment in healthy eating initiatives, including in unit education, labelling and staff training.