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 -8 August
Greene King trials scheme to reuse and refill glass bottles
Greene King is participating in a reusable bottle scheme where glass bottles used in some of its pubs are returned to drinks producers for refilling as a way to cut the number of single-use glass bottles. The refillable bottle initiative which reuses beer, cider, spirits, wine and soft drinks bottles…
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8 August
Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour
Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from a loss of £82.9m the prior year, as improved consumer retention and growing retail partnerships boosted sales. GTV was up by 6% to £3.7bn, with a constant currency GTV growth…
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8 August
Restaurant Associates acquires Grazing
Restaurant Associates, part of Compass Group UK&I, has acquired Grazing, the delivered-in workplace and venue catering specialists, for an undisclosed sum. Founded in 2007 by CEO Sam Hurst, Grazing has grown from one café to a corporate catering business offering delivered-in meeting, office and contract catering services to London’s business…
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8 August
Tortilla unveils its first app with new loyalty scheme
Tortilla has launched its first ever app, which includes a new loyalty programme – The Burrito Society. This latest announcement builds on the group’s new strategy which focuses on investing in technology along with the Tortilla brand to drive growth. The new app, which climbed to second spot in the…
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7 August
Today’s news in brief – 07/08/24
Yum Brands has reported a 4% revenue rise to $1.7bn (£1.3bn) in Q2. The owner of KFC, Taco Bell, Pizza Hut and Habit Burger Grill saw company-wide sales grow 3%, as it opened 598 new restaurants across 57 countries during the period. KFC revenues increased 5% to $717m (£563m) in…
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7 August
Heineken partners with AND Digital to implement new sales platform
Heineken UK has partnered with AND Digital to launch HeiDeal, a new “data-driven” sales platform. The brewer stated that the new platform would “transform” how its sales teams build valuable contracts, providing customers with a smoother experience and more tailored deals. HeiDeal will model multiple deal scenarios that optimise margin,…
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7 August
Yum Brands revenue hits $1.7bn in Q2
Yum Brands, which owns KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has reported a 4% revenue growth to $1.7bn (£1.3bn) for the second quarter ended 30 June 2024. Worldwide system sales grew 3% including a 1% same-store sales decline. GAAP operating profit for the group increased 6% to…
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7 August
Fuller’s acquires Lovely Pubs for £22.5m
Fuller’s has announced the acquisition of Lovely Pubs, a collection of seven pubs in Warwickshire – for a total consideration of £22.5m. The news comes as the portfolio of Warwickshire pubs are “a perfect fit” with Fuller’s existing managed pub estate, both geographically and operationally. Lovely Pubs is made up…
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7 August
Danish steakhouse KöD to open second site in Soho
DiningSix restaurant brand KöD, London’s only Danish steakhouse, is set to open a second site in Soho in mid August. Behind the brand is London based founding partner Morten P. Ortwed who, along with five friends, launched KöD in Denmark in 2014 before expanding into Norway and moving to the…
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6 August
Today’s news in brief – 06/08/24
Domino’s has downgraded its FY profit forecast, as PBT plummeted 35.2% to £59.4m as total orders were down 0.9% compared with the same period last year. As a result, group revenues were down 1.8% to £326.8m in the half-year period, with lower supply chain revenue offset by increased corporate store…
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