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 -14 March
Hop Vietnamese Street Eats to open second Manchester restaurant
Manchester Arndale has announced another new addition to its food and beverage line-up after agreeing a 15-year lease with Hop Vietnamese Street Eats. Hop Vietnamese, which has a selection of outlets across London and a kiosk in ‘The Orient’ food court at The Trafford Centre, will bring a taste of…
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14 March
Hospitality sales rise ‘modest’ 1.4% in February
Top hospitality groups across the country saw modest like-for-like sales growth of 1.4% in February, according to the latest CGA RSM Hospitality Business Tracker. The data has shown a slow start to 2024 within the sector, following marginal growth of 0.1% in January in the wake of strong trading over…
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13 March
Today’s news in brief – 13/03/24
Turnover at Honest Burgers rose 26%, up £10.1m to £48.3m to 29 January 2023, as operating losses narrowed by 74% to a loss of just £1.4m compared with £5.4m in FY22. The news comes as Honest Burgers achieved a like-for-like sales rise of 11.3% compared to the year prior. Eating…
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13 March
Honest Burgers turnover rises 26% in FY23
Honest Burgers has reported a “strong” restaurant performance as turnover increased by £10.1m to £48.3m during the year to 29 January 2023, spelling a 26% rise on the previous year. The burger chain also revealed that adjusted EBITDA before exceptional items rose by 247% to £4.2m, as operating losses narrowed…
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13 March
Chopstix continues expansion with Lincoln opening
Chopstix, has continued to grow its portfolio with franchise partner RTL Enterprises by opening a new site in Lincoln. The new unit, located on Lincoln High Street, follows several high-profile openings for the franchisee in 2023 This includes the Baker Street site in central London, which launched in October of…
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13 March
Apple Butter opens in Langham Place
Apple Butter is set to open its second site at 4-5 Langham Place on 15 March. Since opening its first café on Monmouth Street, Seven Dials in January 2020, Apple Butter has become a beloved Instagram-worthy brunch haven known for its perpetual queues down the street. Diverging from the flagship,…
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13 March
Most Britons still prioritise hospitality outings, report finds
Despite the cost-of-living crisis, eating and drinking out remains as important to Britons as ever, with 65% of consumers saying it’s still a priority for them, research from Zonal’s latest GO Technology report with CGA and UKH. Those prioritising hospitality outings among people aged over 65 rises to 71%, while…
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12 March
Today’s news in brief – 12/03/24
Domino’s revenues rose 11.1% to £679.8m for the year to 31 December, due to an increase in system sales volumes, acceleration of store openings and the pass-through of increased food cost. For FY24, the group plans to open a further 70 stores, with 33 of those already underway. Boxpark will…
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12 March
Domino’s revenues hit £679.8m in FY23
Domino’s has seen its revenues increase 11.1% to £679.8m for the year ended on 31 December 2023. The pizza company said group revenue was driven by an increase in system sales volume, acceleration of store openings and the pass-through of increased food cost. Like-for-like sales increased 5.8% to £1.5bn meanwhile…
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12 March
Cinnamon Collection awarded three stars by SRA
Vivek Singh’s modern Indian restaurant group, Cinnamon Collection, has been awarded the three-star Food Made Good Award by the Sustainable Restaurant Association (SRA). The accreditation recognises Cinnamon Collection’s ongoing commitment to operating sustainably across three core pillars, sourcing, society and environment. The group’s highest-scoring impact area in the Society pillar…
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