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 -4 January
Whitbread sells stake in Pure
Whitbread, owner of Premier Inn, has sold its 49% stake in healthy eating chain Pure, eight years after acquiring it for £6.8m. The company acquired the stake in the company which trades as Healthy Retail Limited in 2016 when it had eight restaurants. A spokesperson for Whitbread stated: “As Pure…
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4 January
Amber Taverns sales jump 20% during festive period
Amber Taverns, the owner of 170 freehold community wet-led pubs, has announced strong trading over the key Christmas and New Year festive period across its pub portfolio with like-for-like sales up 20%. Focusing purely on drink sales enables Amber to provide value for money and a tailored wet-led offer with…
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4 January
Urban Pubs and Bars Xmas appeal raises over £42k for StreetSmart
Urban Pubs and Bars has revealed that its Christmas appeal has raised over £42k for StreetSmart, a charity that helps homeless and vulnerable people across the country. The pub group, which operates 42 pubs, bars and restaurants across London, raised the money as part of its Christmas charity partnership. At…
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3 January
Today’s news in brief – 03/01/24
Black Sheep Coffee turnover has doubled to £21.3m in the year ended 31 December 2022 from £10.7m the year before. The company’s net assets surged to £33.7m from £4.9m in 2021. Expanding aggressively, they opened 11 new stores, now operating over 70 across the UK. With a strategy spanning both…
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3 January
Seven Dials Market to welcome new food traders in January
KERB, a hospitality organisation founded in 2012, has announced that Seven Dials Market is parting ways with four of its most lucrative traders in order to provide opportunity for new food talent. Having built credible reputations supported by KERB and its trading opportunities, the four members – Truffle, Club Mexicana,…
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3 January
Simon Rimmer’s vegetarian restaurant Greens to close after 33 years
Chef Simon Rimmer has announced that the vegetarian restaurant Greens, which he co-founded, has shut with immediate effect after 33 years of trading. Rimmer announced the closure of its site in Didsbury via social media and blamed the rise in rent and running costs and called it a “heartbreaking day”.…
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3 January
Black Sheep Coffee FY turnover doubles to £21.3m
Coffee shop chain Black Sheep Coffee has revealed that turnover doubled to £21.3m during the year ending 31 December 2022, up from £10.7m a year prior. At the year end, the group had net assets of £33.7m compared with £4.9m in 2021. During 2022, Black Sheep Coffee opened a total…
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3 January
Breal Capital acquires Purity Brewing Company
Breal Capital has acquired Warwickshire-based craft brewery Purity Brewing Company and Pure Craft Bars in a deal that secures 60 jobs. The news comes after the brewery fell into administration amid widespread adverse trading conditions in the hospitality industry. Purity Brewing Company was founded in 2005 and is the parent…
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2 January
Today’s news in brief – 02/01/24
The DLUHC has allocated £25m from the Community Ownership Fund to aid over 70 pubs, cinemas, and museums across the UK. This funding aims to sustain the operations of these community assets and ensure safety in communal areas. Each selected project will receive up to £2m, with 26 community centres,…
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2 January
UKH sets out plan for 2024
UKHospitality has unveiled a three-point plan which it will focus on in 2024 to put hospitality at the “front and centre of policy making” ahead of the next General Election. The plan includes generating investment through root and branch reform of business rates, creating jobs through Apprenticeship Levy reform and…
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