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 -12 August
Kricket to launch fifth London site in Shoreditch
Modern-Indian restaurant group Kricket has confirmed plans to launch its fifth site in late 2024. Its second opening this year, co-founders Rik Campbell and Will Bowlby will open a 120-cover all day restaurant and bar in Shoreditch. The duo founded Kricket in 2015 as a pop-up in a shipping container…
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12 August
White Rabbit Fund acquires Island Poke
Hospitality incubator White Rabbit Fund has announced the acquisition of Island Poke’s assets, having recently undertaken a voluntary restructuring. Island Poke, which serves Hawaiian poke bowls, opened its first permanent restaurant in Soho in 2016. However, due the economic turmoil of the pandemic coupled with the impact of inflation, the…
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12 August
Revolution Bars to go ahead with restructuring plan
Revolution Bars Group, the operator of the Revolution, Revolucion de Cuba and Peach Pubs brands, has announced that its restructuring plan – which was launched on 31 May – has been approved. The news comes after the group’s subsidiary, Revolution Bars Limited, which proposed the restructuring plan, was sanctioned by…
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9 August
Today’s news in brief – 09/08/24
RBI’s total revenues for Q2 leapt 17.2% to $2.08bn (£1.63bn), as group-wide sales grew 5.4% to $11.25bn (£8.82bn). Tim Hortons saw a 5.4% rise in group-wide sales to $1.93bn (£1.51bn), while Burger King experienced a slight 0.7% decline to $2.92bn (£2.29bn). Popeyes also saw sales growth of 4.6%, reaching $1.55bn…
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9 August
Itsu to open first shopping centre site in Manchester
Itsu, the Asian-inspired restaurant brand with over 80 locations across the UK, has announced it is set to open its first shopping centre site in the North at retail and leisure destination, Trafford Centre. Set to open in Autumn 2024, the new Trafford Centre location will take over a 2,900…
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9 August
Proper Pubs launches ‘Meet the Team’ initiative
Proper Pubs, a wet-led operator division of Admiral Taverns, has launched a brand-new ‘Meet the Team’ initiative to address the nationwide hospitality recruitment issue. Since the end of July, Proper Pubs has been hosting a series of open days at several of its sites across the country to combat this…
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9 August
The Salad Project to open sixth site on Fenchurch Street
The Salad Project will be opening its sixth location on London’s Fenchurch Street on 16 August. Fenchurch Street will not only serve as one of the chain’s healthy lunch spots, but will also house The Salad Project Training Academy and the SP Testing Lab for “the latest recipe development and…
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9 August
Restaurant Brands International Q2 revenues hit $2bn
Restaurant Brands International (RBI) has revealed that total revenues leapt by 17.2% to $2.08bn (£1.63bn) from a year prior, as group-wide sales grew 5.4% to $11.25bn (£8.82bn) in the second quarter to 30 June. It comes as net incomes during the period rose by 13.5% to $339m (£265m), which the…
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8 August
Today’s news in brief – 08/08/24
Deliveroo has returned to profit following a strong performance in H1. This comes after sustaining a loss of £82.9m in the year before. The group attributed its performance to “encouraging early signs in consumer behaviour”, with frequency returning to growth and retention improving due to improvements made to its consumer…
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8 August
HOSPA Professional Development launches IT leadership workshop
HOSPA Professional Development has announced the official launch of its Empowering Hospitality IT Leadership Workshop, following a successful pilot programme. Sponsored by Siemlus the workshop is designed to equip senior hospitality leaders with critical insights and strategies in IT. Taking the form of a two-hour webinar/seminar with options for hybrid…
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