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.
-
Jul- 2024 -10 July
Turkish restaurant Leydi to open in Farringdon
Leydi, a new eatery inspired by Istanbul’s eating culture, is set to open in the historic Spiers and Pond building, Farringdon in September 2024. The all-day restaurant, created in collaboration with renowned chef Selin Kiazim, features a 90-cover dining room, “plush” banquettes, warm lighting, and references to Istanbul’s architecture and…
Read More » -
9 July
Today’s news in brief – 09/07/24
Loungers has achieved a record revenue growth of 24.7% to £353.5m in FY24, after opening 36 new sites during the year – seven more than in the prior year. The operator of Lounge, Cosy Club and Brightside has attributed its performance to a combination of decreasing inflationary pressures and its…
Read More » -
9 July
Loungers revenues rise 24.7% to £353.5m in FY24
Loungers has revealed it achieved record revenue growth of 24.7% to £353.5m for the 53-week period to 21 April, after opening 36 new sites during the year – seven more than in the prior year. During the year, the operator of Lounge, Cosy Club and Brightside dining concepts saw like-for-like…
Read More » -
9 July
Drinks sales rise 6% as Euros continues
Drinks sales in the UK’s managed venues rose 6% in the week ended 29 June, according to data from CGA. This upswing was mostly caused by England’s final group game at the European Championship vs Slovenia. The game on Tuesday 25 June saw sales rise 71% compared with the same…
Read More » -
9 July
Cheltenham’s Tivoli pub to open in late July
West country’s pub landlord pair Tom Noest and Peter Creed are set to open a new pub in Cheltenham on 26 July. Bringing their portfolio up to five venues, The Tivoli marks the first foray into a “slightly more urban domain”, with the new venue opening in the heart of…
Read More » -
9 July
Marston’s to dispose of 40% stake in Carlesbeg JV
Marston’s has announced the sale of its 40% interest in Carlsberg Marston’s Limited to a subsidiary of Carlsberg for £206m in cash to create a business entirely focused on pubs. According to Marston’s, pubs are at the “heart of UK socialising and the UK pub market offers significant opportunities to…
Read More » -
8 July
Today’s news in brief – 08/07/24
Insolvencies of pubs and bars have jumped 30% in a year, according to data from UHY Hacker Young. For the year ended 30 April 2024, pub and bar insolvencies continued to rise over the last year with fewer and fewer people willing or able to pay an average of £4.75…
Read More » -
8 July
Bohem Brewery opens second London bar
London’s Bohem Brewery has opened its second venue after taking on the lease of the Nicholas Nickleby pub in Finsbury Park. The pub has reopened after an extensive refurbishment, serving a range of beers brewed in “authentic Czech style” at the Bohem Brewery in Tottenham. Beer dispensing at the Nicholas…
Read More » -
8 July
Slug and Lettuce posts pre-tax loss of £3.1m
Slug and Lettuce has reported a pre-tax loss of £3.1m for the 12-month period to September 2023 after the bar chain initially recorded profits of £2.2m in 2022. Slug and Lettuce has attributed its performance to revenues inching down from £48.6m to £48.5m due to “the impact of the macroeconomic…
Read More » -
8 July
Pub and bar insolvencies jump 30% in past year
The number of insolvencies of pub and bar companies has jumped 30% in the past year, according to data from UHY Hacker Young. For the year ended 30 April 2024, 784 hospitality businesses went under compared with 602 insolvencies in the year ended 30 April 2023. Pub and bar insolvencies…
Read More »
