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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Oct- 2024 -25 October
Michael’s Coffee House to launch in Manchester Arndale
Michael’s Coffee House has announced that it is set to open a new store in the Manchester Arndale. The independent Manchester brand has revealed it has signed a 10-year lease to occupy a 544 sq ft space on Halle Place. As well as serving a variety of hot beverages, Michael’s…
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23 October
Starbucks suspends FY guidance as Q4 revenues fall 3% to $9.1bn
Starbucks has decided to suspend its financial guidance for 2025, as consolidated net revenues dipped 3% to $9.1bn (£7bn) during the fourth quarter due to global sales falling 7% during the period. In light of the group’s recent performance, newly-appointed CEO Brian Niccol has said “it’s clear we need to fundamentally…
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16 October
Starbucks acquires 23.5 Degrees
Starbucks has announced its acquisition of franchise group 23.5 Degrees in the UK earlier this week for an undisclosed amount. This deal will bring on board the largest Starbucks-licensed business partner in the market, encompassing approximately 113 stores and 1,650 employees. According to the coffee chain, the deal will further…
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14 October
Parisian chef Cyril Lignac and LV open new Heathrow café
Parisian chef Cyril Lignac has announced the opening of a new café in collaboration with Louis Vuitton at Terminal 2 of the London Heathrow Airport. Centrally located in a “futuristic” open-air pavilion, Le Café Cyril Lignac at Louis Vuitton adjoins a new Louis Vuitton store, which features an “aerodynamic” façade…
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11 October
Cooks Coffee appoints new CFO
Cooks Coffee has announced the appointment of Katherine Scott as its new chief financial officer, effective immediately. Scott joins the group with a track record in financial management, accounting, and strategic planning, bringing over 15 years of diverse experience across multiple industries to her new role. Throughout her career, Scott…
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10 October
Cooks Coffee UK&I sales surge to £16.4m
Cooks Coffee, the international coffee focused café chain, has reported a 26.0% increase in its group store sales to £16.4m for the 26 weeks of its financial year to 29 September 2024. UK store sales were up 36.0% at £11.4m, while Ireland store sales increased 6.7% to £5.1m. The group…
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3 October
Blank Street Coffee UK turnover leaps 517% in first full year
New York-based coffee chain Blank Street Coffee has reported that UK turnover rose sharply by 517% to £11.4m ($15.2m) in the year ended 31 December 2023. Group revenues in the UK were also higher than the £1.9m ($2.3m) generated in its first six months in the market. According to its…
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2 October
Trio of F&B brands to open at Festival Place
Boswells, Heavenly Desserts and Wagamama are set to open new locations at the shopping destination in Basingstoke. Opening in Bedford Square, Boswells is a family-run cafe business established in 1972, operating throughout the South, South West and Wales. The cafe will offer a menu of made to order food, including…
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Sep- 2024 -30 September
Two Magpies Bakery launches Mini Magpies site
Two Magpies Bakery has launched its fourth Mini Magpies site, consolidating its restaurant in Holt to meet the rising demand from customers looking to eat on-the-go. The bakery and cafe group, which has six bakery and cafe sites across Suffolk and Norfolk, along with three Mini Magpies outlets in Southwold,…
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20 September
Knoops raises £1m on first day of crowdfunding campaign
Knoops has raised over £1m since launching its campaign on Wednesday 18 September via Crowdcube, the world’s largest equity crowdfunding platform. The Crowdcube campaign went live on Wednesday (18 September) with an initial target of £1m, which had already been comfortably surpassed by the end of yesterday (19 September). The…
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