Food and Drink

The latest news and updates on food, 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.

Dec- 2023 -

19 December

Knoops revenues jump 67% to £4.43m in FY23

Knoops, the retailer of crafted chocolate drinks, has reported a revenue increase of 67% to £4.43m for the year ended on 30 September. Operating EBITDA for the group was up 206% to £269k, compared with £87k in 2022. Online sales were also up 48% on a like-for-like basis, with 63%…
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19 December

SSP further expands in North America and Middle East

SSP Group has acquired Calgary-based ECG Ventures Limited and has signed a new contract with Jeddah Airport to operate three F&B packages. The group’s expansion within North America and the Middle East comes as SSP aims to pivot into higher growth markets. SSP’s acquisition of ECG in Canada will see…
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18 December

Hackney Gelato secures £1.3m investment

Hackney Gelato has secured a £1.3m follow-on investment from venture capital trust Pembroke VCT to fuel global expansion. The new funding will support increased production, recruitment into the team and a consumer marketing drive. Hackney Gelato is also targeting an expansion into new international markets and further growth in the…
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12 December

Shake Shack to open in Oxford

Shake Shack has announced that it is set to open in Oxford on 18 December, its 15th UK location. Shake Shack Oxford is set over three floors, with a prime location on Cornmarket Street, a major pedestrian shopping hub in the city’s historic centre. The interior is inspired by local…
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6 December

SSP Group revenues hit £3bn in FY23

SSP Group revenues rose 38% to £3bn for the full year ended 30 September, as EBITDA doubled to £280m compared with last year. The group attributed its performance to strong revenue growth and profit conversion, with H2 revenues growing by 25% on a constant currency basis. While the group saw…
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Nov- 2023 -

30 November

Mitchells and Butlers sees profits dip to £98m in FY 2023

Restaurant group Mitchells and Butlers has revealed that its operating profits dropped from £124m to £98m for the 53 weeks ending 30 September, driven by weaker property valuations and increased costs, which also included higher wage bills. However, the group’s sales increased to £2.5bn, up from £2.2bn last year, with…
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21 November

The Upper Place welcomes The Boil Club and Pad Thai Café

The Upper Place, the food market based in Holloway, London, has added two new vendors – The Boil Club and Pad Thai Café – to its offering. The Boil Club specialises in jumbo seafood boil bags: customers can enjoy a wide selection of seafood with the “Pick ’N’ Mix” style…
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20 November

Roxy Lanes Liverpool officially opens

Roxy Leisure has officially opened its Roxy Lanes concept in Liverpool on School Lane. Roxy Lanes Liverpool features a range of activities including American pool, shuffleboard, ice-free curling, tech darts, karaoke booths, beer pong, 10-pin bowling and more. The ‘Booze and Ball Games’ venue is the 18th site for Roxy…
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9 November

Domino’s backs guidance as sales rise 3.7% in Q3

Domino’s expects FY23 underlying EBITDA to be in the range of £132m to £138m, as like-for-like group sales increased 3.7% during Q3 and the pizza chain had a “good” start to Q4. Across the entire group, Q3 sales increased 5.5%, which the company has attributed to its acceleration in new…
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3 November

KFC owner net revenues rise 26% in Q3

Yum! Brands, the owner of KFC, has revealed that net incomes increased 26% to $416m (£340m) for Q3 ended 30 September, as total revenues rose by 4% to $1.71bn (£1.4bn). This comes as KFC contributed 13% to the overall global sales growth, followed by 11% by Taco Bell and 4%…
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