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 -6 March
Pizza Pilgrims earns B Corp Status
Pizza Pilgrims has officially secured B Corp certification, joining over 8,000 businesses globally and more than 1,500 in the UK. Over the last two years, the whole team at Pizza Pilgrims has been working to secure B Corp accreditation across every element of the business. To achieve B Corp certification,…
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6 March
Darwin and Wallace sales rise 1.8% in ‘challenging’ year
Darwin and Wallace, the operator of eight Greater London bar-restaurants, has reported a 1.8% rise in sales to £17.8m for the year ended 28 May 2023, despite macroeconomic challenges over the period. The group has attributed the erosion of its sales conversion and profits to an “incredibly” tight labour market…
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5 March
Today’s news in brief – 05/03/24
Greggs reported pre-tax profits of £188.3m for 2023, as sales increased 19.6% to £1.8bn. The group opened a “record” 220 new shops in 2023 and 75 closures (145 net openings), growing the estate to 2,473 shops as at 30 December 2023. Looking ahead, Greggs expects no change to management’s expectations…
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5 March
Chiave cocktail bar to open on 12 March
Brand new cocktail bar Chaive has announced it is set to open on 12 March in Shoreditch, London. The concept is a cocktail bar split across two floors with the main focus on bespoke drinks. There will also be carefully selected music by renowned DJs, amplified by an “exceptional custom…
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5 March
Thirty7 restaurant to open in Covent Garden
New all-day dining concept thirty7 will open its debut location in Covent Garden, London. Conceived by Hampton Lovell and Co, the founders of seafood and oyster restaurant The Oystermen, the launch of thirty7 marks their third hospitality venue within the Covent Garden neighbourhood, further reemphasising the destination’s commitment to…
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5 March
Cornish Bakery’s Southwold site closes for refurb
Cornish Bakery has temporarily closed its Southwold location on Sunday 3 March to complete refurbishment works. The bakery is expected to reopen on Friday 15 March and reveal a new interior and exterior. Located on the corner of High Street and Victoria Street for the past six years, the site…
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5 March
Greggs profits and sales soar
Greggs has reported pre-tax profits of £188.3m for the 52 weeks ended 30 December 2023, compared with £148.3m from the previous year. Its sales also increased 19.6% to £1.8bn and its underlying profit before tax excluding exceptional income was up 13.1% to £167.7m. The group opened a “record” 220 new…
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4 March
Today’s news in brief – 04/03/24
Foodservice price inflation decreased to 12.6% in January, according to new figures by the CGA Prestige Foodservice Price Index. It stated that the figures male up the seventh successive month-on-month fall in inflation as markets adjust to falling commodity pricing. Papa Johns will be closing 50 takeaways across the UK…
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4 March
Papa Johns set to close 50 ‘underperforming’ UK sites
Papa Johns has announced that it is set to close 50 takeaways in the UK as a result of underperformance. The pizza chain, which runs more than 450 UK sites, has stated that the sites signposted for closure had accounted for two thirds of its Q4 operating losses in the…
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4 March
Foodservice inflation slows in Jan, CGA finds
Foodservice price inflation decreased to 12.6% in January marking a drop of 1.2 percentage points from December’s rate of 13.8%, according to new figures by CGA. The CGA Prestige Foodservice Price Index stated that the figures male up the seventh successive month-on-month fall in inflation as markets adjust to falling…
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