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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Mar- 2024 -26 March
Nearly 75% of consumers visited a pub or bar over Christmas
Nearly three quarters (73%) of consumers visited a licensed venue over the festive season, according to data from CGA. However, the number of people going out fell by five percentage points year-on-year, as high inflation put pressure on spending. Nearly all (97%) consumers told CGA they had been affected by…
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26 March
The Woodman Inn in Yorkshire unveils wedding venue refurb
The Woodman Inn has revealed it has undergone a refurbishment of its events space, elevating its status as a wedding venue in Yorkshire. The pub was acquired privately by Robinsons Brewery in June 2022 and has been central to its wedding strategy in the five pubs it owns with wedding…
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25 March
Today’s news in brief – 25/03/24
Gail’s owner, Bread Holdings, is readying for a potential sale for more than £200m, according to Sky News. The news comes as Gail’s, which is also part-owned by Risk Capital Partners, has grown rapidly after Bread Holdings acquired it in September 2021. According to sources, a formal sale process is…
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25 March
Al Dente announces new opening
Al Dente has announced the opening of its new restaurant in Angel, marking its fifth location in London. The restaurant chain is set to launch the new eatery in April 2024, following a string of successful openings that began in 2018. Following the opening in Angel, Al Dente aims to…
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25 March
Gail’s owner in talks over potential sale
Gail’s owner, Bread Holdings, is reportedly readying to appoint advisers for a sale of the bakery and coffee chain for more than £200m, according to Sky News. It is understood that Bain Capital Credit and EBITDA Investments, a fund backed by restaurant investor Henry McGovern, are planning to appoint bankers…
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25 March
Piccolino Caffé Grande in Manchester officially reopens
Piccolino Caffé Grande in Manchester city centre has reopened its doors following a refit and refurbishment to deliver an Italian dining experience in the city. Located on Clarence Street, overlooking Manchester Town Hall, the restaurant has been a restaurant institution for 23 years and its latest investment is set to…
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25 March
Arc Inspirations raises £7m for UK-wide expansion
Arc Inspirations, the operator of Banyan, BOX and Manahatta, has raised £7m towards an accelerated expansion plan across the UK. The news comes after the hospitality group secured a £4m load from HSBC, alongside a £3m equity boost from shareholders, including BGF, which has backed the group since 2022. Arc…
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22 March
Today’s news in brief – 22/03/23
JD Wetherspoon revenues rose 8.2% to £991m in H1. The pub group said that like-for-like sales were stronger than total sales due to a small number of pub disposals and lease terminations. So far, sales continue to improve. In the last 7 weeks to 17 March, like-for-like sales increased by…
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22 March
July to open in Fitzrovia in April
July, Solynka Dumas and Julian Oschman’s new Alsatian restaurant and wine bar, is set to open on Fitzrovia’s Charlotte Street on 25 April. The restaurant will be open all day, serving breakfast pastries and coffee in the morning, a concise lunchtime offering, and an evening menu featuring bar snacks, seasonal…
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22 March
Wetherspoon profits jump 81% to £67.7m as revenues soar
JD Wetherspoon profits rose 81% to £67.7m as revenues increased 8.2% to £991m during the 26 weeks ended 28 January 2024. Like-for-like sales increased by 9.9% compared to FY23. Like-for-like bar sales increased by 11.6%, food sales by 7.6%, slot/fruit machine sales by 10.5% and hotel rooms by 2.8%. The…
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