Britain has suffered a net decline of 4,593 licensed premises in the last year to March 2023, according to the Hospitality Market Monitor from CGA Strategy. The drop is equivalent to 4.3% of the licensed sector since March 2022, and an average of 12.6 closures a day. In better news,…
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The latest news and updates on the business of foodservice, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
Trade body UK Hospitality has called for all parties involved to “redouble” their efforts to reach a resolution ahead of planned strike action by train drivers. Train drivers from the ASLEF union are set to strike on three dates across May and June dashing hopes of a resolution to the…
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Premier Inn owner Whitbread Plc has reported that its annual adjusted pre-tax profit increased to £413m, for the 12 months to March 2, 2023 against a loss of £16m the previous year. The report revealed that the result topped the pre-pandemic annual profit level of £358m achieved in 2019-20. Revenue…
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Some of the world’s biggest buyout firms are exploring the possibility of a joint bid for Subway for around $10bn (£8.3bn), according to Sky News. Advent International, Bain Capital and TPG are considering teaming up in a so-called “club deal” as the second round of bidding comes to a close.…
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All About The Cooks, an online food marketplace, has announced its launch in Bath this month. The online marketplace is a platform for home cooking enthusiasts to share their meals with residents in their area. The company said that its launch in Bristol saw over 1,000 orders of home-cooked food…
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An arm of Goldman Sachs is amongst potential bidders to acquire Subway after the business was put on sale, according to Sky News. Sources said that the Goldman Sachs Asset Management (GSAM) joins Bain Capital, TPG and Asda shareholder TDR Capital as potential new owners of the business, all of…
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Award-winning West African restaurant Chishuru has launched a crowdfunding page to help raise money for a new opening in central London. Drawing from her Nigerian heritage, chef and founder Joké Bakare opened the restaurant in 2020 in a 32-cover location in Brixton Village which was originally supposed to only last…
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Jamie Oliver Restaurants has planned to treble its footprint and expand to new geographies in India by opening 40 more casual dining sites. Jamie’s in India is a partnership between Dolomite Restaurants Pvt, the master franchisee of Jamie’s Italian, Jamie’s Pizzeria and Jamie’s Diner in India, and Jamie Oliver Restaurant…
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One in three people in the UK said they can’t afford to tip in restaurants, according to data from digital payments provider Take Payments. From a survey of 2000 people, Take Payments found that 36% of people will always leave a tip with 15% of people saying they have had…
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UKHospitality has revealed that 32% of hospitality firms are at risk of failure within the next year, despite hospitality sales in 2022 surpassing pre-Covid levels. The hospitality association said this is because sales remain “significantly behind 2019” in real terms due to inflation. The UKHospitality Quarterly Tracker, in association with…
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