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 -1 February
800 licensed premises lost in Q4
The number of licensed premises in the UK dropped by 0.8% in the fourth quarter of 2023, with a net loss of 803 in the three months, according to data from CGA. It represents an acceleration of closures from the third quarter of last year, when numbers fell by only…
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1 February
Various Eateries reports FY23 losses despite 12% rise in revenues
Various Eateries has reported an adjusted EBITDA loss of £2.2m, despite revenues growing 12% to £45.5m during the year ending 1 October 2023. The loss has been attributed to the board’s decision to absorb the majority of price rises in a bid to strengthen Various Eateries’ long-term prospects. While total…
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Jan- 2024 -31 January
Today’s news in brief – 31/01/24
Incipio Group revenues hit £26.4m after a “record” December trading period. The company, which operates hospitality venues including The Libertine and The Prince, also reported an increase of 38% in guest visits compared with the previous year. Admiral Taverns has invested over £27m to improve its community pubs in 2023.…
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31 January
Caffè Nero to open first drive thru store at Stansted Airport
Coffee house brand Caffè Nero has today (31 January) announced it will open its first drive thru store in the world at Stansted Airport this Spring. The drive thru store will be located 500 yards from the main terminal building on the main road into and out of the airport.…
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31 January
Admiral Taverns invests over £27m into community pubs
Admiral Taverns has announced that it invested over £27m to improve its community pubs in 2023. The group, which owns approximately 1,500 pubs across England, Scotland and Wales, has invested the funds into over 300 pubs across both its leased and tenanted estate and its community wet-led division, Proper Pubs.…
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31 January
Swinton Estate appoints Josh Barnes as head chef
The Chef’s Table at the Swinton Estate has appointed Josh Barnes as its new head chef. All of Barnes’ cooking will be performed in full view of the select group of diners joining him for chef’s Table at the hotel. Just 12 seats will be available for each evening, with…
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31 January
Incipio Group revenues hit record £26.4m amid bumper Xmas
Incipio Group has reported that like-for-like sales rose 66% on the same period last year, contributing to a “record” year in sales of £26.4m after it experienced its strongest ever month of trading in December 2023. The company, which operates hospitality venues including Pergola on the Wharf, The Libertine and…
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30 January
Today’s news in brief – 30/01/24
Tortilla will be opening four new locations with SSP this year, with a further pipeline of sites to open as part of the franchise partnership in 2025. Currently, the SSP and Tortilla franchise partnership includes five sites across the UK, with the Manchester Piccadilly train station being the most recent…
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30 January
Stonegate to reopen Red Cross Inn following 200k investment
Stonegate Group’s Red Cross Inn in Reigate is set to open its doors on 1 February following a £200,000 investment by the Craft Union Pub Company. The grade II listed building has received works inside and out. The venue features new fixtures and fittings, decorative “enhancements” and an outdoor area.…
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30 January
Farmer J to receive £5.5m funding to further growth
Farmer J has announced a £5.5m fundraise, led by Beringea, the transatlantic venture capital firm, to power further growth for the brand, with five new sites planned for 2024. Aptly described by owners as “forkin’ good food”, Farmer J provides build-your-own Fieldtrays with nutritious food sourced from high welfare, predominantly…
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