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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Jan- 2024 -16 January
New Aslef strike action could cost hospitality £350m
New Aslef strike action planned for the end of January into early February could cost hospitality businesses almost £350m, according to UKHospitality. Aslef announced another series of strikes between 30 January and 5 February, affecting different train operators each day. Furthermore, an overtime ban will also be in place from…
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16 January
Scales Cocktail Bar opens in Marylebone
Scales Cocktail Bar, the brainchild of mixologists Din Jusufi and Engji Shala, who have honed their craft for five years at Farzi London, has officially opened its doors in Marylebone. Tucked away beneath Drink with Sasha, the new site features a discrete door in the wine shop and a dimly…
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16 January
Cooks Coffee sales rise 15.8% across UK&I in 2023
Cooks Coffee has experienced a 15.8% rise in sales to $53.8m (£26.9m) across the UK and Ireland for the year ended 31 December 2023. The news comes as, within the UK, store sales rose by 18.6% to reach $35m (£17.5m) compared with the same period last year, while in Ireland…
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15 January
Today’s news in brief – 15/01/24
Drake and Morgan reported record festive trading, with like-for-like sales up 31.7% against the same period in 2022. Christmas bookings were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for the year ended 26 March 2023…
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15 January
More than 4,500 Stonegate pubs at risk amid £2.6bn debt
More than 4,500 Stonegate pubs could be at risk as parent company TDR capital seeks to refinance £2.5bn of debt, GMB Union has warned. Gary Lindsay, boss of TDR Capital which also owns supermarket giant Asda, told the Business and Trade Select Committee on Tuesday [9 January] he was ‘confident’…
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15 January
Drake and Morgan delivers record Christmas
Drake and Morgan has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022. This trading followed “record” Christmas bookings which were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for…
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15 January
UK pubs see drinks sales growth in 2024, CGA finds
Britain’s pubs and bars have started 2024 with year-on-year growth in drinks sales, CGA by NIQ’s Daily Drinks Tracker shows. Average sales in managed venues in the week to Saturday 6 January were 25% ahead of the corresponding week in 2022—though this is inflated by the inclusion of New Year’s…
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15 January
Heartwood Collection appoints new CEO
Heartwood Collection has announced the appointment of Richard Ferrier as its new chief executive officer. Ferrier’s latest promotion this month comes after he joined the brand, which operates Brasserie Blanc and Heartwood Inns, in 2011. During his time at Heartwood Collection, Ferrier held the roles of operations director of Brasserie…
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12 January
Today’s news in brief – 12/01/24
Nightcap revenues jumped to £7.4m, spelling a 65.7% rise over Christmas. As a result, revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since IPO. Total December unaudited group revenues were £9.2m against £5.9m for December 2022, an increase of 55.9% and…
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12 January
Workshop Coffee appoints new chairman
Workshop Coffee has announced the appointment of David Read as the company’s chairman. Read is joining the board of directors with over 50 years of experience in the food, drink and hospitality industry. The news follows a recent run of B2B new business wins that include The Langham, 1 Hotel…
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