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.
-
Apr- 2024 -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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
5 April
Today’s news in brief – 05/04/24
Majestic Wines has acquired Vagabond Wines out of administration, saving nine of its wine bars from closure. The strategic acquisition provides clarity and job security for 171 Vagabond staff, following a period of uncertainty. Majestic plans to invest in the long-term future of the Vagabond business, with ambitions to open…
Read More » -
5 April
Majestic acquires Vagabond Wines
Vagabond Wines has been bought out of administration by the UK’s largest specialist wine retailer Majestic Wines. The strategic acquisition provides clarity and job security for 171 Vagabond colleagues following a period of uncertainty, after the business went into administration last month. Following the acquisition, Majestic plans to invest in…
Read More » -
5 April
GMB and Deliveroo launch landmark courier charter
GMB Union and Deliveroo have launched a landmark Respect Charter pledging positive relationships between riders and restaurants. A number of national restaurant chains and big-name supermarkets, including Wagamama, Wingstop, Bella Italia, Morrisons, The Co-op, Farmer J, Thunderbird and Whole Foods, have already signed the new charter. The Respect Charter includes…
Read More »
