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.
-
Mar- 2024 -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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
22 March
Loungers appoints new CFO
Loungers has announced the appointment of Stephen Marshall to the role of chief financial officer and as a director of the hospitality operator, effective 23 April. The news comes as current CFO Gregor Grant will step down from the board in April. However, he will remain with the company to…
Read More » -
22 March
RedCat appoints new director of F&B and area manager
RedCat Pub Company has announced the appointment of David Peevers as the new director of Food and Beverage, and James Killick as area manager within the operations team, effective from 25 March. Peevers, who takes up a newly-created role at the group, has extensive experience in the hospitality industry, particularly…
Read More » -
21 March
Today’s news in brief – 21/03/24
Shepherd Neame has reported record revenue growth of 4.3% to £89m in H1 2024. For the 26 weeks ended 23 December 2023, the group also saw its underlying EBITDA increase 5.2% to £12m and its underlying profit before tax grew by 9.9% to £3.8m. Retail like-for-like drink and food sales…
Read More » -
21 March
Chipotle to open new Tottenham Court Road location
Chipotle Mexican Grill has announced it is opening a new restaurant at 64 Tottenham Court Road in London on 28 March. Chipotle currently has 18 locations in the greater London area and is the only company of its size that owns and operates all of its restaurants in the US,…
Read More »
