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 -7 March
Gaucho launches VAT-free Friday lunches
Gaucho has decided to launch VAT-free lunches on Fridays during March in all its ten central London locations. The decision follows the decision for the Chancellor not to abandon the ‘tourist tax’ in the Spring Budget as well as the Mayor of London’s campaign to bring back Friday trading in…
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7 March
The Guinea Grill reopens following expansion
Young’s pub, The Guinea Grill in Mayfair, has reopened its doors following an expansion of the pub to create additional dining space and two new private dining rooms. Located on Bruton Place, the pub has increased its ground-floor dining area by an additional 60 covers, whilst upstairs is now home…
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7 March
UKH Scotland urges govt to use extra £295m for sector support
UKHospitality Scotland has urged the Scottish government to allocate £295m towards supporting the hospitality industry. Calls from UKH to increase the government’s monetary support of the industry comes as Scotland will receive around £295m in additional funding through the Barnett formula. Since the start of the pandemic, Scotland has lost…
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6 March
Today’s news in brief – 06/03/24
The Gentlemen Baristas has been bought out of administration and sold for £785k. The chain previously called in an administrator from Parker Getty Limited back in January, after being “adversely affected” by higher costs of materials as well as the costs of sales and staff. Darwin and Wallace reported a…
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6 March
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…
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6 March
The Gentlemen Baristas bought out of administration
Coffee shop chain The Gentlemen Baristas has been bought out of administration and sold for £785,000. The chain previously called in an administrator from Parker Getty Limited back in January, after being “adversely affected” by higher costs of materials as well as the costs of sales and staff. According to…
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6 March
Brasseria Familia exceeds crowdfunding target for third site
Brasseria Familia has exceeded its target for crowdfunding the opening of its third site, raising £1.2m in the first 48 hours. The company launched the campaign to support the opening of its third site on Brompton Road this May and received 82 investors in the first two days. After the…
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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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