News
The latest industry news 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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Aug- 2024 -22 August
Punch Pubs and Co appoints Andy Spencer as CEO
UK pub group Punch Pubs and Co has announced the appointment of current chief operating officer Andy Spencer to the role of chief executive officer. Spencer will assume the role of CEO on 27 September, succeeding current CEO Clive Chesser who is stepping down after six successful years to become…
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22 August
EG on the Move expands Cinnabon UK estate
The master franchisee of Cinnabon in the UK, EG on the Move, has opened more stores at the Bullring in Birmingham and in Livingston, Scotland, as part of the brand’s plans to expand its footprint. EG on the Move is also planning to open at least six more stores before…
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21 August
Today’s news in brief – 21/08/24
Top hospitality group achieved YoY growth of 1.5% in July, spelling a downturn since last month’s reported rate of 2.9%. As July started with the peak of the 2024 Euros, including the quarter, semi-final and final games, Britain’s pubs experienced like-for-like growth of 4.9%. However, this positive LFL growth in…
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21 August
The Wolseley Hospitality Group appoints group executive chef
The Wolseley Hospitality Group has promoted Charles Hilton to group executive chef following his eight-year tenure as head chef at Brasserie Zedel.With over 30 years’ experience in professional cooking, Hilton now oversees a team of 200 team members across The Wolseley, The Wolseley City, The Delaunay, Brasserie Zedel, Manzi’s of…
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21 August
Sodexo Live secures five-year contract with Nottingham Forest FC
Sodexo Live has secured a five-year contract with Nottingham Forest Football Club, which will see it deliver an enhanced hospitality and retail experience at the City Ground, as well as non-match day sales, marketing and event delivery. This latest partnership reinforces Sodexo Live’s presence in the Premier League. Sodexo Live…
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21 August
McDonald’s to open 200 UK&I restaurants amid £1bn investment
McDonald’s has announced plans to open over 200 new restaurants across the UK in the next four years, as the fast food group along with its franchisees will invest £1bn in celebration of 50 years in the country. The new openings will create more than 24,000 jobs across the UK…
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21 August
UK hospitality groups report 1.5% YoY growth in July
Britain’s top hospitality groups achieved year-on-year growth of 1.5% in July 2024, down from June’s rate of 2.9%, according to the latest CGA RSM Hospitality Business Tracker. As July started with the peak of the 2024 Euros, including the quarter, semi-final and final games, Britain’s pubs experienced like-for-like growth of…
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20 August
Today’s news in brief – 20/08/24
Rick Stein’s restaurant group has returned to profit in FY23, despite turnover dropping by 5% to just under £11.9m. The group reported an operating profit of £63k for the year to 31 December 2023, up by 106.2% against the prior year, with all bank borrowing fully repaid. As a result,…
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20 August
Hospitality insolvencies rise 13% in June
The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…
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20 August
Rick Stein’s restaurant group returns to profit in FY23
Steins Trading Ltd, which operates Rick Stein restaurants, has returned to profit in FY23, despite turnover dropping by 5% to just under £11.9m. In its latest full-year results, the group reported an operating profit of £63k for the year to 31 December 2023, up by 106.2% against the prior year,…
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