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 -

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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Oct- 2023 -

30 October

Poor weather sees drinks sales fall despite England rugby games

Year-on-year average drink sales in managed venues fell marginally by 0.2% in the week to 21 October, according to data from CGA. Bad weather as a result of Storm Babet offset the benefits of two England rugby world cup games causing a decline in sales after eight weeks of growth…
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23 October

Drinks sales up 3% due to warm weather and rugby

Drinks sales were up 3% year-on-year for the week ended 14 October as a result of unseasonably warm weather and rugby world cup games involving Ireland and Wales according to data from CGA. This increase makes it eight weeks of drinks sales growth out of the last nine. The rugby…
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