Food and Drink
The latest news and updates on food, from the business journalists at Catering Today. We bring you the latest on whatโs happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Mar- 2024 -21 March
KERB welcomes most profitable year as sales exceed ยฃ23.5m
Hospitality business KERB has announced its most profitable year at its annual member summit last week, as gross sales surpassed ยฃ23.5m in 2023 across a membership base of 150 traders.ย This comes as KERB bounced back from the pandemic, delivering almost 1,800 market trading days, almost 500 event opportunities, and…
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14 March
Hospitality sales rise โmodestโ 1.4% in February
Top hospitality groups across the country saw modest like-for-like sales growth of 1.4% in February, according to the latest CGA RSM Hospitality Business Tracker. The data has shown a slow start to 2024 within the sector, following marginal growth of 0.1% in January in the wake of strong trading over…
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13 March
Chopstix continues expansion with Lincoln opening
Chopstix, has continued to grow its portfolio with franchise partner RTL Enterprises by opening a new site in Lincoln. The new unit, located on Lincoln High Street, follows several high-profile openings for the franchisee in 2023 This includes the Baker Street site in central London, which launched in October of…
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13 March
Most Britons still prioritise hospitality outings, report finds
Despite the cost-of-living crisis, eating and drinking out remains as important to Britons as ever, with 65% of consumers saying itโs still a priority for them, research from Zonalโs latest GO Technology report with CGA and UKH.ย Those prioritising hospitality outings among people aged over 65 rises to 71%, while…
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12 March
Dominoโs revenues hit ยฃ679.8m in FY23
Dominoโs has seen its revenues increase 11.1% to ยฃ679.8m for the year ended on 31 December 2023. The pizza company said group revenue was driven by an increase in system sales volume, acceleration of store openings and the pass-through of increased food cost. Like-for-like sales increased 5.8% to ยฃ1.5bn meanwhile…
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5 March
Greggs profits and sales soar
Greggs has reported pre-tax profits of ยฃ188.3m for the 52 weeks ended 30 December 2023, compared with ยฃ148.3m from the previous year. Its sales also increased 19.6% to ยฃ1.8bn and its underlying profit before tax excluding exceptional income was up 13.1% to ยฃ167.7m. The group opened a โrecordโ 220 new…
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4 March
Papa Johns set to close 50 โunderperformingโ UK sites
Papa Johns has announced that it is set to close 50 takeaways in the UK as a result of underperformance. The pizza chain, which runs more than 450 UK sites, has stated that the sites signposted for closure had accounted for two thirds of its Q4 operating losses in the…
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1 March
KFC UK&I launches first nutrition progress update
KFC UK&I has unveiled its first ever nutrition progress update, which tracks the progress it has made on nutrition across its menu and aims to increase transparency for consumers and wider industry. The update has outlined KFCโs steps on its nutrition journey, which included reformulating its fries by removing around…
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Feb- 2024 -21 February
Bam Karaoke Box appoints new consultant culinary director ahead of UK launch
Bam Karaoke Box, the Parisian-born โpremium luxuryโ karaoke brand, has announced the appointment of chef Sabrina Gidda as consultant culinary director, ahead of its UK debut. The new site, which will open this Spring, will become the โlargest karaoke venue in Europeโ with 22 private karaoke rooms, the Bam Bam…
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19 February
Layers Bakery launches in East London
Destination bakery Layers has opened the doors to its new waterfront store and cafe in Goodluck Hope, East London. The store will be open from 8am to 4pm, Tuesday to Sunday, offering freshly baked sourdough goods, coffees, grab-and-go breakfasts as well as an all-day brunch menu. The store is founded…
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