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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Jun- 2024 -25 June
Urban Greens to open fifth location
Urban Greens has announced it is set to open its fifth location in July, five years after its first opening. This new site will be the first of a number of impending openings and will be situated near London Wall. The new space will offer Urban Greens salads and the…
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25 June
Stonegate appoints new non-exec director
Stonegate Pub Company has appointed Mark Davies as a new non-executive director. Davies is the CEO of Primary Health Properties, the FTSE 250 UK real estate investment trust, and a non-executive director of Palace Capital, a regional focused REIT. He was previously a co-founder and CEO of NewRiver REIT and…
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25 June
Chef Labron-Johnson to open restaurant with rooms
Chef Merlin Labron-Johnson has announced plans to relaunch his Osip as a new restaurant with rooms. Located at Number One Bruton in Somerset, Osip will relocate to a 16th century inn just outside the village. The last service at Number One Bruton will be on June 30th. The new Osip…
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25 June
Bangladeshi restaurant Dakaah to open in Camden Market
Casual dining restaurant Dhakaah is set to open its doors in Camden Market’s Hawley Wharf on 24 July, with a series of soft launch activations in the run-up to the opening. Dhakaah is a celebration of the street food and specialities of Bangladesh and is named after the country’s capital…
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25 June
Tortilla acquires French competitor Fresh Burritos for €3.95m
Tortilla Mexican Grill has announced its strategic acquisition of Fresh Burritos, a France-based European fast-casual Mexican restaurant, for a total of €3.95m (£3.34m). The deal has been funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It…
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24 June
Today’s news in brief – 24/06/24
Stonegate revenues hit £916m in H1 ended 7 April, as its leased and tenanted estate demonstrated “consistent” growth with like-for-like sales rising 6.2% on the equivalent period in the prior year. EBITDA margin in H1 was up 1.3% to 21.3%, highlighting the “positive impact” of Stonegate’s performance improvement and efficiency…
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24 June
Stonegate revenues hit £916m in H1
Stonegate group’s revenues reached £916m in the 28 weeks ended 7 April 2024. Adjusted H1 EBITDA for the group was up 7.7% to £196m, compared to £182m for the same period in 2023, with a particularly strong performance from L&T and operator-led businesses. During the period, the leased and tenanted…
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24 June
Red Engine opens Electric Shuffle Manchester
Red Engine has opened the doors to its latest Electric Shuffle venue in Manchester’s Deansgate. Electric Shuffle Manchester is the second bar from Red Engine to hit the city, following the opening of Flight Club back in 2018. The latest launch from Red Engine creates 75 new job opportunities in…
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24 June
Market Halls FY revenues jump 155% to £22m
Food hall operator Market Halls has reported a “remarkable” 155% rise in revenues to £22m in the 12-month period to July 2023, which will set the stage for its plans to open more food halls across the country. At the same time, the Gees Court-backed company has secured a prime…
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24 June
Young’s Pubs profits and revenues surge
Young’s Pubs has revealed its profit-before-tax has increased 9.3% to £49.4m as its revenues increased 7.4% to £388.8m on a comparable 52-week basis and 3.4% on a like-for-like basis in 2023. The pub group’s adjusted EBITDA also increased 7.8% to £92.2m and its managed house adjusted EBITDA for the period…
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