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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Apr- 2024 -30 April
Punch Pubs expands portfolio with acquisition of 24 pubs
Punch Pubs and Co has completed the acquisition of the Milton 3 portfolio, adding 24 pubs to the Burton-based, independent pub company’s 1,300-strong portfolio. The pubs are located in the North East and Yorkshire, including The Black Bull in Morpeth, The Cross Keys in Washington, and The New Inn in…
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30 April
Foodservice price inflation below 10% for first time since 2022
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. The softening of inflation has also been seen…
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30 April
St Austell Brewery and Rick Stein Group unveil partnership
St Austell Brewery has signed a three-year deal with the Rick Stein Restaurant Group, to supply its beer in Rick Stein locations. This comes as the two Cornwall-born businesses have had close working relationships for many years, with the Stein family having run St Austell Brewery’s The Cornish Arms in…
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29 April
Today’s news in brief – 29/04/24
Chipotle’s revenues rose 14.1% to $2.7bn (£2.3m) during Q1 ended 31 March. The group has attributed its performance to sales increasing 7% due to transactions growing by more than 5% as margins expanded, as it opened 47 new restaurants. For the remainder of 2024, Chipotle is anticipating full-year comparable restaurant…
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29 April
APPG inquiry launched into hospitality recruitment and retention
Parliament has announced the launch of an All Party Parliamentary Group (APPG) inquiry into hospitality recruitment and retention. The inquiry into ‘recruitment and retention of staff in hospitality’ will be led by an influential group of parliamentarians and explore the reasons behind high vacancy rates, ask what more the sector…
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29 April
The Albion pub hits the market after 20 years
The Albion, a popular pub in Roker Sunderland, has recently hit the market for the first time in 20 years for an undisclosed amount. Occupying a two-storey property in a busy housing area, The Albion is located along an established drinking circuit, within walking distance to the Stadium of Light,…
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29 April
Chipotle revenues rise 14% to $2.7bn in Q1
Chipotle has reported that total revenues rose 14.1% to $2.7bn (£2.3m) during the first quarter to 31 March. The group has attributed its performance to sales increasing 7% due to transactions growing by more than 5% as margins expanded. During Q1, Chipotle opened 47 new restaurants, with 43 locations including…
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29 April
Gorse permanent restaurant to open on 28 May
Chef Tom Waters is set to open his pop-up restaurant Gorse from a permanent venue in Pontcanna, Cardiff on 28 May. Having earned his stripes in “prestigious” London kitchens, including stints at Heston Blumenthal’s The Fat Duck, The Square and Bonhams, Tom Waters returned to his Welsh roots with his…
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26 April
Today’s news in brief – 26/04/24
Loungers revenues rose 24.7% to £353.5m during FY24. During the year to 21 April, the group’s sales performance was accompanied by “disciplined management of costs” and a continued easing of inflationary cost pressures. Loungers also opened 36 new sites, a record number compared to the 29 opened in FY23. At-home…
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26 April
Heavenly Desserts to open in Milton Keynes
Heavenly Desserts has announced that it is set to open its latest restaurant in Milton Keynes on Saturday 27 April. Located at the MK1 Shopping and Leisure Park, the new restaurant has a capacity for 76 guests spread over two floors. Owned by Javid and Surhya Rana from the local…
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