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 -4 June
Today’s news in brief – 04/06/24
Hostmore’s year-to-date LFL sales fell 10% during the same 20-week period in 2023. This comes despite the group’s EBITDA continuing to perform ahead of last year during the period, with the first four months to the end of April being higher by £3.3m. According to CFO Matthew Biddy, the board…
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4 June
Drinks sales drop 3% as rain returns
Drinks sales in the UK dropped 3% in the week ended 25 May, compared with the same period last year, as wet weather continued to dampen performance, according to data from CGA. Year-on-year sales plunged 22% after heavy rain on 22 May, and they were down by between 8% and…
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4 June
JKS to open new Indian restaurant in Mayfair
JKS Restaurants is set to launch its first Indian concept in five years, Ambassadors Clubhouse, this summer at 25 Heddon Street, Mayfair. The newest restaurant will celebrate food, drink, music and culture from the region of Punjab. Named after the Sethis’ maternal grandfather, a former Indian Ambassador, the restaurant will…
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4 June
Hostmore year-to-date LFL sales fall 10%
Hostomer has revealed that year-to-date like-for-like sales were 10% lower than during the same 20-week period in 2023. This comes despite the group’s EBITDA continuing to perform ahead of last year during the period to 19 May, with the first four months to the end of April being higher by…
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4 June
Sea Containers London appoints new head chef
Sea Containers has announced the appointment of Tom Morgan as the new head chef, taking over culinary leadership for both Sea Containers Restaurant and the Lyaness Bar. Born and raised in London, Morgan embarked upon his culinary journey aged 16, quickly ascending from commis chef to chef de partie within…
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3 June
Today’s news in brief – 03/06/24
Liberation Group’s revenues rose 20% to £144.4m in the year ended 27 January, with strong underlying growth resulting in LFL Managed Pub EBITDA increasing 19%. The group’s UK managed pubs produced a “strong” performance, with an 8% increase in LFL growth, ahead of the industry CGA RSM Hospitality Business Tracker…
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3 June
Cooks Coffee UK&I sales jump 18% in FY24
Cooks Coffee, parent company of the Esquires, The Organic Coffee Co brand, has revealed that total franchisee store sales in UK and Ireland were up 18% at NZ$58.2m (£28.1m) in the financial year ended 31 March. Store sales in the UK grew 21% with like for like sales up 6%.…
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3 June
Stockport pub reopens after 10 years
The White Lion pub in Stockport, the town’s oldest pub dating back to the 15th Century, is set to reopen after being vacant for 10 years. The Grade II listed building was acquired by Stockport Council as part of the £7m investment into the regeneration of the Market Place and…
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3 June
Liberation Group welcomes record sales of £144.4m
Liberation Group, the privately owned premium pub operator and brewing company, has announced record revenues of £144.4m, up 20% for the year ended 27 January 2024. Strong underlying growth also resulted in LFL Managed Pub EBITDA increasing 19%. The group’s UK managed pubs produced a “strong” performance, with an 8.0%…
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3 June
Arc Inspirations to expand in Nottingham and Sheffield
Arc Inspirations, which operates Banyan, BOX and Manahatta chains, has announced its plans to open new sites in Nottingham and Sheffield this year. The new openings aim to build on Arc’s city centre growth strategy, which will see the group operate 50 bars by 2030. After launching Manahatta Sheffield in…
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