Cafes and Coffee Shops
The latest news and updates on cafes and coffee shops, 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.
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May- 2018 -17 May
34 Carluccio’s restaurants to close after it announces CVA
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…
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10 May
Greggs shares sliced after bad weather and high street woes
Shares in Greggs have dropped 13% in the wake of disappointing sales figures following bad weather in March. The bakery chain had reported sales growth of 3.2% compared with year’s figures, but the company has said they are “cautious” of worse than expected profits in a statement. Greggs had expected…
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8 May
Cote Restaurants ‘outperforms market’ with 15.8% sales growth
Cote Restaurants has seen a 15.8% rise in sales for the 52-week period to 30 July 2017. Revenue was at £140.7m, up from £121.5m the previous year, with operating profit remaining flat at £10m. Its like-for-like growth stood at 4.1% while it had EBITDA growth of 8.9% versus the 52-week…
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Apr- 2018 -25 April
Whitbread to split Costa Coffee off into separate firm
Whitbread has announced that it will spin off the Costa Coffee brand into a separate business of its own as investors pressurised the company to do so. The split is expected to happen within two years and will allow shareholders to invest in “two distinct, focused and market-leading businesses” and…
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20 April
Costa, Wetherspoon, Greggs and Mitchells & Butlers named customers’ favourite brands
Costa, JD Wetherspoon, Stonehouse Pizza & Carvery, Miller & Carter and Greggs are among the businesses with the most momentum in the out of home eating and drinking sectors at the moment, a new report reveals. The ‘CGA EI | Stone & River Brand Momentum Report’ analyses CGA data to…
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19 April
Plastic straws set to be banned in the UK
The prime minister has set out plans to ban plastic straws and stirrers, which she said formed part of “one of the greatest environmental challenges facing the world”. May discussed this at the Commonwealth Heads of Government Meeting, using examples such as the plastic bag ban to show how the…
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18 April
Starbucks to close all US stores for racial bias training
Starbucks is set to close more than 8,000 stores across America for racial bias education on the afternoon of 29 May 2018. The training will be undertaken by 175,000 employees and will become part of training for new employees. The decision has come after two African-American men were arrested in…
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18 April
Pret ads banned over ‘misleading’ natural claims
Adverts claiming that bakery chain Pret A Manger baked its goods in store and was free of additives has been ruled as misleading by the Advertising Standards Agency (ASA). Three adverts by the food company were investigated by the ASA, all of which were seen in December 2016. The first…
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18 April
Costa Coffee promises to recycle half a billion takeaway cups per year
Costa Coffee has promised that it plans to recycle up to 500 million cups by 2020, the same amount that the chain puts on the market, and the equivalent of a fifth of the 2.5 billion takeaway coffee cups consumed by the nation per year. The announcement came in partnership…
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