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 -8 February
Six Nations opening weekend boosts pub sales by 42%
Star Pubs, the pub arm of Heineken UK, has reported that total sales across the Six Nations opening weekend were up 42% as rugby fans flocked to their local pubs to watch live sport. With afternoon and evening games on Saturday, the data suggested that punters chose to spend much…
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8 February
Hawksmoor revenues jump 20% to £90m in 2023
British steak restaurant company Hawksmoor has announced a revenue increase of 20% to £90m, with its established restaurants delivering EBITDA margins in excess of 20%. In 2023 the company opened another international restaurant – Hawksmoor Dublin opened in May, hitting weekly sales highs in excess of €230k (£196k) – and…
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8 February
UberEats revenues hit $17bn in Golden Quarter
Uber Technologies, which operates UberEats, revealed that delivery revenues increased 19% year-on-year to $17bn (£13.4bn) during the fourth quarter of 2023. According to the group, its total booking revenues increased by 22% year-on-year to $37.6bn (£29.8bn) during the same period. This led to revenues growth of 15% year-on-year to $9.9bn…
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7 February
Today’s news in brief – 07/02/24
Liberation Group revenues rose by a “record” 22.5% to £140m for the year ended 27 January, as sites saw an 8% rise in like-for-like growth. Additionally, the tenanted division also recorded a 4.3% increase in sales compared with the same period last year. Six Nations rugby is set to deliver…
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7 February
Just Eat appoints new CFO
Just Eat has announced that Mayte Oosterveld has been appointed as chief financial officer and member of its management board. Oosterveld joins from PLUS Holding B.V., a Dutch supermarket retailer with an annual consumer turnover of approximately €5bn (£4.2bn), where she served as chief financial officer. She is an experienced,…
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7 February
Pubs and bars gear up for Six Nations sales bump
After a challenging start to 2024 for pubs, bars and drinks suppliers, the Six Nations rugby tournament is set to deliver a welcome boost to sales, according to data from CGA. CGA research confirms the appetite for sport, with one in nine (11%) consumers visiting a venue to watch a…
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7 February
Liberation Group revenues hit £140m
Liberation Group, a privately owned premium pub operator and brewing group, has reported a “record” performance for the year ended 27 January 2024, as its total group revenues were up 22.5% to £140m versus the same period last year. With sites stretching from Mayfair in London to St Aubin in…
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7 February
Bunsik to open sixth location in Earl’s Court
Korean street food chain, Bunsik, will be opening its sixth location in Earl’s Court, Kensington. The new venue, which will span 1,625 sq ft, will offer 40 covers in a space inspired by the energy of K-culture. Continuing its commitment to a quick-service restaurant model, Bunsik Earl’s Court will feature…
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6 February
Today’s news in brief – 06/02/24
Ormer Mayfair by Sofian in Mayfair has been awarded its first Michelin star in the 2024 Great Britain and Ireland Guide. The star was announced at the Michelin Guide Ceremony Great Britain and Ireland Guide 2024 in Manchester on 5 February. Compass Group UK&I has spent over £3m of its…
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6 February
Pavyllon London awarded Michelin star
Pavyllon London, set within Four Seasons Hotel London at Park Lane, has been awarded its first Michelin star. Michelin commended Pavyllon London for its “unique style” praising head chef Benjamin Ferra Y Castell for “cooking Yannick’s food with great skill, adeptly balancing the classic and the modern”. The restaurant is…
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