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 -9 April
Today’s news in brief – 09/04/24
RedCat Pub Company’s net losses after tax have widened to £31m during the year ending 2 April 2023, up from £5.4m in the year before. This comes despite the pub group achieving a turnover of £120.5m, up from £62.8m in 2022, and gross profits of £89.2m, rising from £47.2m. Group…
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9 April
Red Engine secures £60M facility to drive global expansion
Red Engine has announced today that it has secured a new £60m facility from Santander, HSBC and Barclays. The company behind Flight Club Darts and Electric Shuffle has revealed that it plans to use this capital for a global expansion drive. Red Engine will open Electric Shuffle Manchester and New…
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9 April
Pan-Asian restaurant SanHao to open in London’s Chinatown
SanHao, a restaurant focused on hand-pulled noodles and soups, will be debuting within Chinatown London’s food landscape in 3 Gerrard Street. Set to open its doors later this year, SanHao is the latest addition to Chinatown London from the restaurateurs behind Hong Kong style café, The Eight, and Pan-Asian concept,…
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9 April
RedCat losses widen to £31m in FY23
RedCat Pub Company has reported that net losses after tax widened to £31m during the year ending 2 April 2023, up from £5.4m in the year before. This comes despite the pub group achieving a turnover of £120.5m, up from £62.8m in 2022, and gross profits of £89.2m, rising from…
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9 April
Nine Stonegate Group managers gain leadership roles
Stonegate Group is celebrating the graduation of nine managers from its diverse pubs across the UK. The graduation ceremony, held at Stonegate’s Academy in Birmingham, celebrated six new regional managers, one area manager, one general manager and a pub support team manager. The milestone also marks the first-ever Aspirations cohort…
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8 April
Today’s news in brief – 08/04/24
The latest transport strike has widened hospitality revenue losses to over £5bn, according to the NTIA. News follows the recent industrial action announced by the ASLEF union and London Underground, which ran from 5 April until today (8 April) and included a six-day ban on overtime. According to Kill, the…
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8 April
Loungers announces three key appointments
Loungers, the operator of all day restaurants across the UK under the Lounge, Cosy Club and Brightside brands, has made three key appointments to the group. Current Lounge managing director Justin Carter has been promoted to the new role of group managing director. Effective from today (8 April), Carter, who…
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8 April
Strong St Patrick’s Day tips drinks sales into growth
Average drinks sales in the UK’s managed venues for the week ended 23 March were up 1% compared with the same period last year. It follows a 1% increase over the previous week, and 5% growth in the seven days before that. Pubs and bars took advantage of St Patrick’s…
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8 April
Latest travel strike widens industry losses to over £5bn, NTIA says
The Night Time Industries Association’s CEO, Michael Kill, has warned that the latest transport strike action has widened hospitality sector revenue losses to more than £5bn. News follows the recent industrial action announced by the ASLEF union and London Underground, which ran from 5 April until today (8 April) and…
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8 April
Heartwood acquires The White Hart in Lymington
Heartwood Collection has extended its portfolio with the acquisition of a new pub, The White Hart in Lymington, for an undisclosed sum. The acquisition is part of the group’s growth plans, which remains on track to grow to over 60 sites by 2027. Dating back to the 1700’s this historic…
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