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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Feb- 2024 -12 February
Oakman Group sees sales rise to £57.8m
Oakman Group Plc has reported a 6% rise in sales from £54.4m to £57.8m and EBITDA of £1.8m for the financial year ending 2 July 2023. The group also recorded a “strong” end to the first half of financial year 2023/24 with sales over the Christmas trading period showing growth…
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12 February
Azzurri Group revenues hit £258m in FY23
Azzurri Group has reported a 9% revenue increase to £258m for FY23 which ended on 30 June. The group – which owns Zizzi, Ask Italian and Coco di Mama – reported “strong” trading performance by all brands, with increases in volume and spend per head. EBITDA was also up 21%…
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12 February
Franklin and Baines set for March opening in Clapham
Franklin and Baines, a new British and American steak and cocktail restaurant, is set for opening on Monday 4 March in Clapham. The new concept was brought about by restaurateur Olivier Cohen, owner of south London French steak restaurant Bordelaise, and leisure entrepreneur Ashley Letchford, who has seen success from…
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9 February
Today’s news in brief – 09/02/24
Yum Brands total Q4 revenues rose 1% to $2.03bn (£1.6bn), as net incomes rose 24% to $463m (£367.3m) during the period ending December 2023. The news comes as the group’s global operations of KFC, Pizza Hut and Taco Bell saw a 5% rise in sales – driven by a 6%…
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9 February
Chopstix to open second Butlins site
Chopstix is opening its second site with Butlin’s with a launch at Butlin’s Minehead in time for February half term. The location is the brand’s fifth new site this year and continues Chopstix’s impressive growth trajectory, with strong franchise partners. The Chopstix site forms part of a broader £1.2m investment…
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9 February
Borough Market appoints new chair and vice chair
Borough Market, London’s food destination, has appointed Shane Holland as chair and Claire Pritchard to the role of vice chair for the charitable trust. Holland, executive chairman of Slow Food in the UK, previously held the position of vice chair and replaced Adrian Bunnis who is stepping down after four…
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9 February
Indian concept restaurant Dosa Darlings opens in Oxford
A new Indian restaurant and cocktail bar, Dosa Darlings, is opening its doors in Oxford this month. Officially opening today (9 February) at 56-60 Cowley Road, Dosa Darlings aims to “disrupt” the perception of traditional Indian cuisine by offering South Indian inspired small plates and a playful cocktail menu. Part…
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9 February
Yum Brands Q4 revenues hit $2.03bn
Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has reported that total revenues rose 1% to $2.03bn (£1.6bn) by the end of Q4, as net incomes rose 24% to $463m (£367.3m) during the period ending December 2023. The news comes as the group’s global operations saw a…
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8 February
Today’s news in brief – 08/02/24
UberEats revenues rose 19% year-on-year to $17bn (£13.4bn) during Q4 2023. According to the group, its total booking revenues increased by 22% year-on-year to $37.6bn (£29.8bn) during the same period. Combined mobility and delivery revenues at the company also grew 22% year-on-year to $8.7bn (£6.8bn). Star Pubs reported total sales…
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8 February
NFL announces three UK sports bar partners for 2024
The NFL has announced ETM Group, ARC Inspirations and Regional Taverns as its official UK sports bar partners for the 2024 season. ETM Sports Pubs and Kitchens will serve as the home of NFL hospitality in London while ARC Inspirations and its BOX venues serve as flagships in the Midlands…
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