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 -12 January
TDR secures majority stake in Popeyes UK
Private equity firm TDR Capital has secured a majority stake in Popeyes UK following a subsequent investment. The news comes after TDR made a £50m investment in Popeyes last year and has since raised its ownership to effectively overtake dual partner Ring International Holdings, who hold a minor stake. The…
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12 January
Nightcap revenues jump 65.7% amid bumper Christmas trading
Nightcap has revealed that group revenues jumped to £7.4m during the four-week period ended 31 December 2023, spelling a 65.7% rise compared with the same period last year. As a result, Nightcap’s revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since…
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11 January
Today’s news in brief – 11/01/24
Arc Inspirations has reported record sales for December 2023, as like-for-like sales increased by 19.9% compared with the same period last year. The news comes as like-for-like sales at BOX rose by 30%, 24% at Manahatta and 10% at Banyan, while recent openings in Nottingham, Sheffield and Birmingham all significantly…
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11 January
Shake Shack set to refurb Leicester Square site
Fast food restaurant Shake Shack has announced that it is set to reopen its venue in Leicester Square, London following a refurbishment. The site closed its doors on 8th January and will reopen later in the month after the revamp. The company stated that the new venue will transform into…
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11 January
D&D London sees double-digit sales growth across sites in December
Restaurant group D&D London has reported double-digit revenue growth across its restaurants for the month of December. For the six weeks to 31 December, this was achieved across a number of restaurants, including Skylon and Madison with a 13% growth, Butlers Wharf Chophouse increased by 18%, New Street Warehouse by…
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11 January
Young’s Pubs to reopen The Constitution in Camden
The Constitution pub in Camden is set to reopen its doors in February 2024, following an extensive refurbishment. Located on St Pancras Way, the canal side pub has undergone a complete transformation, including the addition of a new rooftop terrace. The Constitution, acquired by Young’s & Co’s Brewery PLC in…
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11 January
Arc Inspirations reports ‘record’ sales for December 2023
Arc Inspirations, the operator of bar brands Banyan, BOX and Manahatta, has reported record sales for December 2023, as like-for-like sales increased by 19.9% compared with the same period last year. The news comes as like-for-like sales at BOX rose by 30%, 24% at Manahatta and 10% at Banyan, while…
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10 January
Today’s news in brief – 10/01/24
Greggs plans to open between 140 and 160 new shops in 2024, as total sales in FY23 increased 9.6% to £1.8bn. The food-to-go retailer saw a 9.4% increase in like-for-like sales during Q4 of the year. By the end of the year, Greggs had extended its delivery service with Uber…
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10 January
Wetherspoon agrees deal with Haven for on-site pub
JD Wetherspoon has announced that it has agreed a deal with holiday park operator Haven to operate pubs on its sites. The agreement will see £1.1m invested into the first Wetherspoon pub, which will open its doors in March at Primrose Valley in North Yorkshire. The deal means that Haven…
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10 January
The Pem names new head chef
Chef Sally Abé has announced the appointment of Jennifer Collins as head chef at The Pem, her signature restaurant at Conrad London St. James in the heart of Westminster. Collins joins from Kol restaurant in Marylebone, where she served as senior sous chef and gained valuable experience in British produce…
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