New research has found that 84% of London restaurants would be forced to close or move away from the capital should rent rises continue. The survey also found that 90% of owners believe rent rises would make their businesses “unmanageable”. The survey carried out by property company Cedar Dean Group…
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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.
Bob’s Lobster, Comptoir Libanais and Greggs are among some of the food retailers set to be added to London Bridge station’s offerings in the coming months. Independent retailer Bob’s Lobster will be one of the first to open its doors in late May. The seafood specialists will make London Bridge…
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Italian restaurant chain Carluccio’s has announced it is to close 34 restaurants as part of a recently announced company voluntary agreement (CVA). As many 103 UK sites are also set to “exit” as part of restructuring at the company. The CVA, yet to be approved by creditors will see the…
Read More » Italian restaurant chain Carluccio will issue a statement this afternoon regarding rumours of a potential company voluntary agreement (CVA), Catering Today can reveal. Accountancy firm KPMG is rumoured to be overseeing the restructuring of the business and did not deny the rumours when asked by Catering Today. The work would…
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Food delivery company Deliveroo has announced that it is to make all of its employees shareholders in the company. The move will mean all permanent staff, present and future, will be given share options in the company. The move will be worth nearly £10m in total for the majority of…
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Around 57,227 British companies are still not complying with new measures brought in to counter fraud and money laundering, according to big data and anti-money laundering (AML) firm Fortytwo Data. The businesses are not yet compliant with new regulations which states they must declare those people with significant control (PSCs)…
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Catering supplier Stephensons has reported a steady rise in sales of paper straws along with a steady decline in sales of plastic straws, and paper has outsold plastic for the first time. Data provided by the catering supplier has shown that sales of plastic straws sat at over 8,000 units…
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Perfumer Miller Harris and M Restaurants have announced a partnership with Odore, a vending and sampling platform, to bring on-demand fine fragrances to customers. Launched in September 2017, Odore’s platform operates as a vending machine and consumer insights data marketplace. The platform works by giving consumers complimentary samples of their…
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Argentinian restaurant chain Cau, owned by Gaucho, is set to cut 750 jobs and the future of all 22 of its restaurants is in doubt. Chain owners Gaucho have fallen out of love with the chain, and have brought in financial advisors KPMG to look at cost cutting options. KPMG’s…
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New research has found that 70% of takeaway consumers would rather the full cost of food went straight to the restaurant as opposed to commission of up to 25% going to food delivery apps. The research by digital ordering technology provider Preoday, shows 82% of restaurants using door-to-door delivery apps…
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