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 -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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4 March
Coffee#1 H1 sales rise 18.8% to £29.6m
Coffee shop brand Coffee#1 has revealed that sales rose 18.8% to £29.6m during the first half of the financial year from June 2023 to November 2023. The group’s like-for-likes sales performance for the same period also remained robust at 8%, underpinned by sustained customer growth of 1.2%. During H1, the…
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4 March
Social Pantry announces catering partnership with Tower Bridge
Social Pantry has announced its exclusive catering partnership with London’s Tower Bridge. Founded by Alexandra Head in 2011, Social Pantry will work in tandem with the venue and clients to produce bespoke events and menus from canapés and cocktails to “innovative” food and drink stations. The group will utilise three…
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1 March
Today’s news in brief – 01/03/24
Neapolitan pizza parlour, Motherdough, opened its first restaurant at London Dock, Wapping. Following on from his most recent success of independent brunch café BOBO & WILD – with locations in Shoreditch Park, Clapham Common and South Woodford – Motherdough’s creator Farkhod Najmetdinov is well-versed in creating fresh and exciting F&B…
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