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 -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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25 April
Today’s news in brief – 25/04/24
Rupert Thompson has agreed an investment deal with London craft brewer Mondo, which secures the future of the Mondo brands, as well as its brewery and taproom in Battersea. Following a pre-pack administration, the deal will see brewing continue at Mondo’s Battersea site. Searcys has announced a new partnership with…
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25 April
Hogs Back owner saves Mondo brewery in pre-pack deal
Brewing industry veteran Rupert Thompson has agreed an investment deal with London craft brewer Mondo, which secures the future of the Mondo brands, as well as its brewery and taproom in Battersea. Following a pre-pack administration, the deal will see brewing continue at Mondo’s Battersea site. As well as delivering…
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25 April
Hare and Hounds Nuneaton reopens after £286,000 refurb
Proper Pubs has announced that the Hare and Hounds pub in Nuneaton has reopened after a £286,000 refurbishment. Inside the pub features brand new furniture, fixtures, fittings and flooring and two separate trading areas. One half is a lounge for intimate gatherings with family and friends and the other half…
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25 April
Pasture to open first Birmingham restaurant
Steak-house and late night bar Pasture is set to open the doors of its first Birmingham restaurant on 27 May. Pasture restaurants are known for their fire-based cooking and local ingredients. With existing restaurants in Bristol and Cardiff, Pasture Birmingham will soon occupy 6,500 sq ft across one floor of…
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25 April
Searcys to manage and host private events at 22 Bishopsgate
Searcys has announced a new partnership with 22 Bishopsgate, which will see the catering group manage and host corporate and private evening events at Horizon 22. Horizon 22 is anticipated to become one of London’s “most exclusive” private events locations, as it launches its private hire experiences that will be…
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