Hugh Osmond’s eponymous Osmond Capital group is said to be one of three companies bidding for struggling steak chain Gaucho. Osmond is thought to have bid less than the £50m owed by Gaucho to its creditors, and according to Sky News, is competing with Core Capital and Limerston Capital for…
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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.
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year of the new business rates revaluation, an investigation has revealed. Real estate advisor Altus Group collated information procured under the Freedom of Information Act (FOI) from all councils in England.…
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Italian restaurant chain Carluccio’s has reported a pre-tax loss of £27.7m for the year ending 24 September 2017. Describing 2017 as a “challenging trading year”, the company attributed its decline in profits to increasing competition and costs. Turnover also declined by 2% to £138.2m. The chain’s EBITDA fell to £6.5m…
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Whitbread is set to cull 250 management roles from its restaurants business in a bid to make the company more “efficient and effective”. It is understood that the decision has not been prompted by the company’s decision to demerge from Costa, which was announced in April. The decision to make…
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Pubs are set to see a resurgence bolstered by the World Cup and warm weather, the BDO Restaurants and Bars report has suggested. Hot weather in May helped boost trade across the UK for pubs, however, the Coffer Peach Business Tracker indicated a decrease in restaurant sales. Overall, pub, restaurant…
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Carluccio’s has announced it will receive £10m of new funding from majority shareholder Landmark Group to “revitalise” 60 restaurants. Funding will also go towards refreshing brand standards and on-going food development. The investment, which will go towards refreshing brand standards and on-going food development, comes after a 28-day ‘challenge’ period…
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England’s penalty shootout victory against Colombia has given the UK economy a £1.33bn boost according to new figures. The figures from the Centre for Retail Research (CRR) show that the UK will benefit from a £2.72bn boost if England make the final. It is thought that the majority of the…
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UKHospitality has cautioned that any increases to the UK music licencing body’s ‘SFE’ tariff will place considerable burdens on venues and limit their ability to offer recorded music. The organisation which provides businesses with licences to play recorded music, PPL, has begun formally consulting on a revised Specially Featured Entertainment…
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The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…
Read More » New research has found the number of restaurants entering a company voluntary agreement (CVA) has increased by 143% over the last six months compared with the previous period. Data analysed by law firm Linklaters shows that there were 12 CVAs in the first quarter of this year. This compares to…
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