The joint administrators of Jamie Oliver Restaurant Group Limited, Will Wright and Mark Orton from KPMG, announced that they have reached an agreement with SSP Group to take over the operations of the three Jamie Oliver eateries which continue to trade at Gatwick Airport. SSP Group, an operator of food…
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The Business section on Catering Today delivers comprehensive coverage of the commercial landscape shaping the UK hospitality and catering industry. It reports on company performance, acquisitions, investments, market movements, and leadership changes across restaurants, pubs, and catering groups. With analysis of financial trends, growth strategies, and sector forecasts, Catering Today provides hospitality professionals with the intelligence needed to understand market dynamics and make informed business decisions in a competitive environment.
Britain’s managed pub and restaurant groups saw trading flat-line in May, according to latest figures from the Coffer Peach Business Tracker. Collective like-for-like sales growth across the market was zero, compared with the same period last year. Regionally, London saw like-for-like sales down 0.6%, while outside the M25 same-site sales…
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According to research by accountancy group UHY Hacker Young, 15 of the top 20 UK restaurant companies do not have enough cash to cover their debts falling due in the next year. An analysis of the short term liabilities and assets of the UK’s top 20 restaurant companies reveals that,…
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The UK’s top 100 restaurants made an £82m loss in the last year, down from a pre-tax profit of £102m 12 months ago, research by accounting firm UHY Hacker has found. Furthermore, pre-tax profits at the UK’s top 100 restaurant groups have fallen from £345m since the first quarter of…
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Carluccio’s has accelerated its £10m Fresca revitalisation programme with the announcement that the group plans to refresh at least five more sites over the coming months. Following the Fresca pilot at Richmond earlier this year, Carluccio’s at Heathrow Terminal 5 and at Bluewater shopping centre are set to undergo a…
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Crussh Fit Food and Juice Bars launches a range of retail products, including vegan and protein-based lines, into 61 Sainsbury’s convenience stores across London, following a successful trial in 10 Sainsbury’s stores since July 2018. Entering stores on 13 May, the roll-out was part of the healthy food and juice…
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The hot Easter weekend delivered different outcomes for Britain’s managed pub and restaurant groups, latest figures from the Coffer Peach Business Tracker show. While pub sales surged, restaurants took a hit during the month of April. Pub and bar chains reported collective like-for-like sales up 5.3% for the four-day break…
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Virtual restaurant business, Ghost Kitchen, has acquired investment from angel capitalist group Jenson Funding Partners SEIS. The business will create and operate delivery-only food brands, all run of out of singular kitchen locations located in areas that have the highest density in food delivery. A tech-enabled food and brand company,…
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Consumer spending grew by 2.5% year-on-year in April, as milder temperatures encouraged Brits to go out and spend, despite ongoing struggles in the retail sector. According to data from Barclaycard, spending in pubs and restaurants reached double-digit growth of 13.1% and 10% respectively – as Brits made the most of…
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New research has revealed that an estimated 17 million people in Britain have stolen tableware – glasses, cups, napkins, cutlery, condiments – in their homes. Catering equipment supplier Nisbets uncovered the results following a survey in which 1,000 respondents were asked about their attitudes towards stealing such items from bars…
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