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 -2 May
Starbucks revenues dip 2% to $8.6bn in Q2
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during the 13 weeks ended 31 March. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the North America segment of $6.4bn (£5.1bn)…
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2 May
Rarebreed Dining appoints Savills on strategic business and real estate review
Rarebreed Dining has appointed international real estate advisor Savills to assist with a strategic review of the business and its property assets as it gears up to consider options. The steak focussed pub company currently operates from The Plough Inn, Cobham (leasehold), The Shurlock Inn, Twyford (freehold) and The Waverley…
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2 May
Domino’s Q1 in line with expectations despite ‘slow’ January
Domino’s has revealed in a trading update that Q1 performance is in line with expectations, as it experienced positive like-for-like sales and total orders across February and March after a “slow” January. While like-for-like sales are down 0.5% on the same period last year, Domino’s Q1 like-for-like sales increased 8.4%…
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1 May
Today’s news in brief – 01/05/24
Compass Group UK&I has acquired CH&CO, which will see the catering company’s portfolio of brands – including Gather and Gather, Vacherin and Company of Cooks – join Compass’ group of companies. CH&CO has operations covering workplace catering, events, venues, visitor attractions, stadiums, education, healthcare and hospitality. Greene King will invest…
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1 May
Compass Group completes CH&CO acquisition
Compass Group UK and Ireland has announced that it has completed the deal to acquire catering company, CH&CO. The acquisition sees CH&CO’s portfolio of brands, which include Gather and Gather, Vacherin and Company of Cooks, join Compass’ group of companies, resulting in a broad client proposition. CH&CO has operations covering…
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1 May
Rhubarb Hospitality Collection refurbs Fenchurch Restaurant
Rhubarb Hospitality Collection (RHC) has announced that it has refurbished its Fenchurch Restaurant, located on the 37th floor of the Sky Garden building. The interiors have been reimagined to reflect head chef Kerth Gumb’s Caribbean roots and “playful approach” to fine dining. Alongside tropical-themed accents, pops of colour and botanical…
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1 May
Greene King to invest £40m in new brewery
Greene King has announced that it will invest £40m in developing a new state-of-the-art brewery in Bury St Edmunds. The investment into a new custom-built facility builds on the company’s 200-year history of brewing in Bury St Edmunds since its founding in 1799. The proposed new brewery forms a key…
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1 May
Administration cases within hospitality double, NTIA finds
The hospitality and night-time economy sectors have experienced a significant increase in businesses going into administration, a recent report by Shakespeare Martineau for the NTIA has revealed. The year-to-date data for April 2023 to March 2024 was concerning, with 193 administrations in the hospitality and night time economy industries accounting…
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Apr- 2024 -30 April
Today’s news in brief – 30/04/24
Foodservice price inflation has fallen below 10% for the first time in two years, according to data from CGA. This comes after a 1.4% decline in foodservice price inflation in March, the largest month-on-month decline ever recorded by the Foodservice Price Index. Inflationary pressures have also been relieved by an…
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30 April
Greene King opens 50th Hive Pub
Greene King Pub Partners has opened its 50 Hive Pub, The Robert Kett in Wymondham, Norfolk. Greene King Pub Partners’ Hive Pubs franchise offer first launched in late 2021, meaning the Hive Pubs franchise concept has grown to 50 pubs in less than three years. Earlier this year, Greene King…
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