Busaba Eathai has now closed all of its branches outside of London after reporting pre-tax losses of nearly £18m. The Thai restaurant chain’s only remaining restaurant outside of the capital was St Albans. The chain also acquired premises in Leeds in 2016 but financial woes and recent closures cast doubt…
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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.
Consumer spending grew 5.1% in May as shoppers experienced good weather and businesses performed strongly, the highest recorded increase since April 2017. According to data gathered by Barclaycard, in-store spending increased 2.6% as the good weather drew punters out to the shops during the Early May Bank Holiday. The data…
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AccorHotels has announced the acquisition of Adoria, a software as a service (SaaS) platform that enables the catering industry to optimise supply management. Founded in France in 2003, Adoria is used by 2,700 organisations (30 catering groups) and brings together 300,000 active users and more than 800 manufacturers and distributors.…
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So-called pan-Asian food chain Wagamama has appointed Goldman Sachs to “review strategic growth options for the business” as it looks to expand into the US. It has been reported that the options put forward by Goldman Sachs will include a potential sale of the company. Wagamama said in a statement:…
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Sri Lankan restaurant chain The Coconut Tree has announced plans to expand throughout major UK towns and cities, appointing leisure property specialists Fleurets to lead the expansion. The chain currently has sites in Cheltenham and Oxford and have agreed terms on a site in central Bristol. It is now looking…
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Thai restaurant chain Rosa’s is on the brink of selling a majority shareholding to US private equity company Tri Span this week. Founders Alex and Saiphin Moore are still set to be involved with the chain as minority shareholders while the company expands overseas. Tri Span has been buying up…
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The former QHotels executive team, comprising co-founders Michael Purtill and Ian Goulding, Vivien Sirotkin, Chris Gaines, and Nichola Roskell have announced the launch of a new hospitality management venture. The firm, Inspiring Hospitality Management Limited (IHM), will provide guidance, advice and bespoke management services to hospitality investors, owners and operators.…
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London-based catering specialist Absolute Taste has announced a partnership with blockchain platform Omnitude to allow customers to track the history of their meals. Absolute Taste provides food experiences to international and domestic events such as Formula E; The British Grand Prix at Silverstone; The Fever Tree Championships at Queens and…
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Harry Ramsden is to offer £20,000 of free fish and chips as part of National Fish and Chip Day, as customers served with a ‘golden fork’ will not have to pay for their meal. The fish and chip chain celebrates 90 years in business and has announced a new menu…
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Trade association UKHospitality has called on the government to ensure that employment in the UK is “fair, transparent and flexible for both employers and employees”. Responding to a series of consultations in the wake of the Taylor Review into modern working, UKHospitality has made a series of recommendations to provide…
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