Consumer spending in the entertainment sector saw its “strongest growth” since June 2017 due to an increase in expenditure at pubs and restaurants. Spending at pubs increased by 11.5% in September while restaurants enjoyed an increased spend of 9.5%. Entertainment spend – including ticket sales – was recorded as 11.6%…
Read More »Business
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.
Pub chain, Marston’s has announced the acquisition of 15 new former Mitchells & Butlers pubs from Aprirose, a property investment company, along with an annual pre-tax profit of £104m, slightly ahead of last year’s figure of £100.1m. Despite the slight increase on last year, the figure fell below analysts Liberium’s…
Read More »
Some 91% councils in England believe the night time economy will play an important role in “preventing the decline of high street retail”, a survey by Local Government Information Unit (LGiU) and the Portman Group has found. The survey ran for a month between 17 July and 15 August 2018 and…
Read More »
Brewdog is to offer shareholders the opportunity to open craft bars under the Brewdog name with a new franchise agreement. Announced by the pub chain in an update today laying out the “blueprint” for the future of the company. Brewdog is to trial the franchise agreement with 10 UK trial…
Read More »
Independent drinks company Global Brands said it was “bucking industry trends” as it reported a second consecutive year of on-trade growth for its flagship ready to drink (RTD) brand VK. According to CGA data, on-trade value sales of VK have increased by 16% since 2016, while volumes have grown 12%…
Read More »
Karaoke has a “significant positive influence” in attracting people to restaurants and bars, encouraging them to stay longer and resulting in increased sales, a study by Aalto University has revealed. Singa, Helsinki-based entertainment software specialists, collaborated with the university to conduct the research into the power of karaoke which has…
Read More »
Frankie and Benny’s and Chiquito owner, The Restaurant Group (TRG) has put nine of its restaurants up for sale following the successful sale of 31 of its restaurants. International real estate advisor Savills has been instructed to sell its former sites in England and Scotland. The units are available on…
Read More »
City Pub Group’s sales are up 24% to £16.1m for the 26 weeks to 1 July 2018, as the group focused on wet-led sales and increased its portfolio. The pub company has saw its adjusted EBITDA increase by 25% increase to £3m compared with £2.4m in 2017. Its adjusted profit…
Read More »
American food delivery and ride share company Uber is reportedly looking at purchasing UK-based delivery firm Deliveroo. Deliveroo was recently valued at just over £2bn and according to a Bloomberg report, sources close to the companies say the deal could be worth “several billion dollars”. The interest comes as Uber…
Read More »
The food-to-go market has become one of the fastest growing segments of Britain’s out-of-home (OOH) foodservice industry, as Britons increasingly eat pre-prepared food and drink on-the-go. Latest figures from global information company, The NPD Group, showed that off-premise consumption (excluding delivery and drive thru) was growing while on-premise was shrinking.…
Read More »