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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May- 2024 -13 May
Pizza Pilgrims to expand in Scotland and Wales amid ‘record’ FY
Pizza Pilgrims has unveiled plans to expand into Scotland and Wales as revenues rose by 37% to a “record” £28.7m during the year ended 25 June 2023. The pizza chain, which currently trades from 20 locations, has also revealed that pre-tax profit more than doubled to £700k and EBITDA before…
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13 May
PizzaExpress to open first airport restaurant at London Gatwick
PizzaExpress has announced it is set to open its first UK airport restaurant at London Gatwick’s South Terminal on Monday 20 May. It will be the first and only PizzaExpress in the UK serving a breakfast menu, available from 3:30am – 11:00am daily, with dishes including an Italian Bacon and…
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10 May
Today’s news in brief – 10/05/24
Krispy Kreme’s revenues increased 5.7% to $442.7m (£353.2m) in Q1. Organic revenue for the group grew 6.7%, fueled by a 19.4% increase in points of access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts. Transactions at pubs, bars and clubs reached a 2024-high…
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10 May
Over 70% of venues to invest in refurbs despite rising costs
Some 71% of hospitality operators are set to invest in venue refurbishments in the next year, a new survey from trade organisations has revealed. Despite cost pressures, 95% of operators are planning to invest in customer service, 92% in staff training, all up significantly on last quarter. The survey was…
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10 May
Krispy Kreme revenues hit $442.7m in Q1
Krispy Kreme’s revenues increased 5.7% to $442.7m (£353.2m) during the first quarter ended 31 March 2024. Organic revenue for the group grew 6.7% to $440.9m (£351.8m), fueled by a 19.4% increase in points of access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts…
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10 May
Pubs sales up 16.8% in wake of bank holiday weekend
Transactions at pubs, bars and clubs reached a 2024-high on Saturday 4 May, as the sunny weather and bank holiday weekend encouraged Brits to make a trip to their local area, according to Barclays Consumer Spend data. Transactions were up 16.8% in comparison to the previous Saturday, and 2.5x as…
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10 May
Greggs opens 2,500th shop in five-year growth plan
Greggs has announced the opening of its 2,500th shop, hitting a “significant” milestone in its estate expansion strategy. This comes as, in 2021, the group launched its five-year growth plan, which outlined its ambition to reach over 3,000 shops across the UK in the long-term. For the rest of 2024…
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9 May
Today’s news in brief – 09/05/24
Brewdog co-founder and CEO James Watt will step down after 17 years in charge. He informed the board of his decision last year and will be replaced by the company’s chief operating officer, James Arrow. He will still own 21% of the company and will hold the newly created title…
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9 May
Brewdog CEO steps down
Brewdog co-founder and CEO James Watt has announced that he is set to step down after 17 years in charge. He informed the board of his decision last year and will be replaced by the company’s chief operating officer James Arrow. He will still own 21% of the company and…
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9 May
Pubs granted extended hours for Euros
The government has announced that pubs will be allowed to stay open till 1am should either England or Scotland make the semi finals of this summer’s European Championship. The decision will only cover venues in England and Wales as Scotland and Northern Ireland have their own licensing laws. Home Secretary…
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