The UK’s top 100 restaurant groups grew their collective debt pile by 19% in the last year, from £1.65bn to £1.96bn, according to new analysis. Accountancy group UHY Hacker Young says many restaurant chains are still increasing their borrowing in order to acquire and fit out new sites, even as…
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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.
Slingsby Gin and UK hotel chain Hotel du Vin have partnered to create a series of suites inspired by Slingsby’s gin and the 24 botanicals used to create it. The ‘Slingsby Ginspiration Suites’ aim to offer guests a one-of-a-kind hotel experience, with each element of the room – from the…
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London-based catering provider, Vacherin, has won a five-year contract with television broadcaster ITV. The contract will see Vacherin delivering a variety of catering services at the company’s existing site in Gray’s Inn Road and new temporary offices in Waterhouse Square, both in London. ITV was looking to appoint a service…
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Hoteliers and restaurateurs estimate that a third of their annual revenue now comes from the millennial generation, according to new research. In a report, ‘Finding the balance: human touch vs high tech’, international law firm CMS showed millennials – people who reached adulthood in the early 21st Century – were…
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Casual Dining Group, the owner of Cafe Rouge, Las Iguanas and Bella Italia has announced it is to invest £30m in its 300 restaurants to enhance their performance as part of a refinancing of the company. The group’s restaurants are already performing ahead of the market with the company reporting…
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Food delivery app firm Deliveroo has paid compensation to 50 of its riders who said they were denied employment rights, including National Minimum Wage and paid holiday. The riders, represented by law firm Leigh Day, all worked as couriers for the company which labelled them as ‘self-employed suppliers’. Lawyers from…
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The total turnover of hospitality businesses is expected to reach £100bn this year, analysis of data from the Office of National Statistics (ONS) by hospitality recruitment platform, Adia suggests. The analysis also found that over the last five years, the total turnover of all companies in the sector has steadily…
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East Coast Concepts is to open its third Victor’s bar and restaurant in Alderley Edge, Cheshire, the restaurant will open on the site of The Alchemist and will undergo a £1.2m refurbishment. Living Ventures launched The Alchemist just two years ago however this will now be closed to make way…
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A UK shortage of CO2 gas has led to Coca-Cola and several beer producers temporarily pausing production at two of its three production plants. John Smith’s, Amstel and Heineken have also been affected by the shortage, but Coca-Cola says the shortage has not yet affected supplies. Online supermarket Ocado is…
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Starbucks’ recent US store closures announcement “does not affect” its UK stores”, Catering Today has learned. The clarification comes days after the US business said it would increase its US store closure rate up to 150 amid weak sales forecasts that predicted and a falling share price. Historically the company…
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