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 -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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26 April
Loungers revenues jump 24.7% to £353.5m in FY24
Loungers revenues were up 24.7% to £353.5m during the 53 weeks ended 21 April 2024. Excluding the benefit of the 53rd week total sales were up 22.2%. This sales performance reflects both continuing “strong” like-for-like sales growth (7.5% across the 53 weeks) and the ongoing success of the operator’s new…
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26 April
At-home restaurant sales flatline in March
At-home sales for the top managed restaurant groups were “virtually flat” year-on-year in March, according to CGA by NIQ’s latest Hospitality at Home Tracker. During the last month, like-for-like sales of deliveries and takeaways were just 0.8% ahead of March 2023. According to CGA, this was a 10th consecutive month…
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26 April
IoH appoints Martin Traynor OBE as director
The Institute of Hospitality (IoH) has appointed Martin Traynor OBE FIH, the retiring small business crown representative at the UK government’s cabinet office, to its board of trustees as a non-executive director. The appointment comes as a direct result of feedback from His Majesty’s Most Honourable Privy Council that the…
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