The owner of street food market place Dinerama has announced it will close permanently this weekend on the 4 October. The Shoreditch-based venue which houses a cluster of stalls, bars, and late-night entertainment has been running for five years. In a statement published on Twitter, owner Jonathan Downey said: “Dinerama…
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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.
Two thirds (66%) of the UK’s hospitality sector saw summer trade decrease during Q3 despite the chancellor’s Eat Out to Help Out scheme, according to the BCC’s quarterly economic survey published yesterday (1 October). The survey reported that overall business conditions remained “weak” in the third quarter. Drawing data from…
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Revolution Bars Group has announced it is considering a CVA after the company admitted it is “exacerbated “ by the further COVID-19 related restrictions announced by the Government last week. In a statement the board of Revolution confirmed that it “has been working with advisers to assess various strategic options for…
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A local Dundee pub has re-opened its doors following a four-year closure and a £630,000 investment from Star Pubs and Bars. Previously called the Mercantile pub, the bar has been renamed The Barrelman and has undergone a £630,000 refurbishment by Heineken-owned company and its new licensees Tommy and Jacqueline Fox. …
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Mexican themed restaurant Wahaca will have a total of £25m in debt written off in a bid to salvage the brand as part of a Company Voluntary Agreement (CVA). According to Sky news, Wahaca proposed a CVA that will also see its lenders and shareholders pump £5m of new money…
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Stonegate Pub Company has announced further business support within its leased and tenanted business, Ei Publican Partnerships. The business, which has been adversely affected by the economic downturn resulting from Covid-19, now has access to a support package in excess of £36.5m. Additional support also includes rent reductions of 30%…
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Salad bar brand Tossed has been acquired out of administration by former directors Neil Sebba and Angeila Harrison. In July the company filed to appoint administrators, as the brand grappled with the challenges brought on by the Covid-19 crisis. However, Sebba and Harrison now have plans to save the new…
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Loungers has announced it plans to restart its roll-out plans after a successful post-lockdown reopening of its sites, citing the results have ‘‘strengthened” its belief in the scalability. The hospitality operator revealed like-by-like sales increased by 30% over the past 10 weeks across both its Lounges and Cosy Club brands.…
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Spending in the food service market reached 63% of the level seen prior to lockdown in the last week of August, according to figures released by The NPD Group. The global information company’s statistics revealed that the government’s Eat Out to Help Out scheme helped give the industry an economic…
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A group of hospitality professionals have launched a new platform to help “struggling” industry owners in a post-Covid-19 climate. Entitled ‘Hospitality Titans’, the programme aims to set up key events so members can network with peers, investors and innovators as well as listen to guest speakers and receive important industry…
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