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 -13 August
Riots drag down hospitality sales by 10%
Violent disorder and the nationwide threat of rioting last Wednesday (7 August 2024) caused a significant 10% drop in sales as businesses closed and customers stayed away, according to CGA by NIQ. The impact on sales in towns where rumoured protests were planned to take place was as high as…
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13 August
Adam Handling MBE names new senior sous chef at The Tartan Fox
Chef Adam Handling MBE has announced the appointment of chef Andrew Tuck to the role of senior sous chef at The Tartan Fox in Cornwall, which just opened in July. Tuck brings a wealth of experience, with an emphasis on creative fire and smoking methods and local ingredient sourcing, having…
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13 August
Soho House Q2 revenues rise 5.6% to $305m
Global members club operator, Soho House and Co, has reported that total revenues rose 5.6% year-over-year to $305.1m (£238.5m) for the second quarter to 30 June. It comes as the group gained approximately 2,969 new members in the second quarter, taking its total members to 264,540. This shows a 6.6%…
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12 August
Today’s news in brief – 12/08/24
Revolution Bars Group will go ahead with its restructuring plan, which was first launched on 31 May. The news comes after the group’s subsidiary, Revolution Bars Limited, which proposed the restructuring plan, was sanctioned by the Court last week (8 August). The board expects this plan to deliver a “significant”…
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12 August
Rhubarb Hospitality acquires The Brewery
Rhubarb Hospitality Collection (RHC) has acquired The Brewery, a large scale event venue in London. The Brewery is located in the City of London and hosts more than 500 events annually, including many corporate events. The existing management team, led by chief executive James Varah, will work with RHC’s chief…
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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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