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 -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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May- 2024 -31 May
Today’s news in brief – 31/05/24
Revolution Bars has ended its formal sales process after it did not receive any proposals relating to the acquisition of the entire issued and to be issued share capital of the company. It comes just days after the company turned down what it called a “highly conditional” offer from rival…
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31 May
Increased VAT has restaurants worried about survival, says RAI
More than nine-in-10 respondents have said that the reduced VAT rate of 9% for the food-led hospitality sector, which increased to 13.5% last September, had been critical to the survival of their business, according to a new survey conducted by Interpath Advisory and the Restaurants Association of Ireland (RAI). The…
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31 May
Revolution Bars ends formal sales process
Revolution Bars has announced that it has ended its formal sales process after it did not receive any proposals relating to the acquisition of the entire issued and to be issued share capital of the company. It comes just days after the company turned down what it called a “highly…
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31 May
Red Oak Taverns acquires 19 pubs from Marston’s
Red Oak has announced the acquisition of 19 tied tenanted pubs from Marston’s, marking the third transaction between the two companies in the last 15 months. With this latest acquisition, Red Oak’s portfolio has now grown to 246 pubs. This strategic acquisition further strengthens Red Oak’s relationship with Marston’s, bringing…
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31 May
Leon launches ‘cheapest’ high street coffee subscription
Natural fast food chain, Leon, has announced the launch of Roast Rewards, which it claims to be the UK’s “cheapest” high street coffee subscription. For £25 a month, Roast Rewards will allow customers to purchase up to five barista-made drinks a day. The new subscription will also offer a 20%…
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30 May
Today’s news in brief – 30/05/24
Top UK restaurants saw takeaway sales rise 4.5% year-on-year. CGA’s latest Hospitality at Home Tracker found that strong like-for-like trading is nearly double the country’s 2.3% rate of inflation in the year to April, as measured by the Consumer Price Index. Deliveries also attracted 57.9% of all at-home orders by…
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