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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Dec- 2023 -7 December
Hydes Brewery appoints new GM at the Hornsmill
North West brewery and pub retailer Hydes Brewery has appointed Sam Self as the new general manager at its premium dining pub, the Hornsmill at Helsby. With almost 15 years of experience in the hospitality trade and having worked at managerial level in and around Merseyside and Cheshire, Self was…
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7 December
Birmingham’s Land restaurant to extend premises
The independent fine dining restaurant in Birmingham, Land, will be extending its premises to add a welcome area for guests, bar seating and two lounge chairs, as well as a wine table and up to six more covers. The extension, which will be designed by 2G Design and Build, will…
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6 December
Today’s news in brief – 06/12/23
SSP reported a 38% rise in revenues to £3bn and doubled its EBITDA during FY23. This success was fueled by revenue growth and profit conversion, with a notable 25% H2 revenues increase on a constant currency basis. While North America, APAC, and EMEA regions contributed strongly, the UK and Europe…
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6 December
Drake and Morgan EBITDA slides amid ‘record’ xmas bookings
Drake and Morgan has seen its adjusted EBITDA fall to £4.1m for the year ended 26 March 2023, down from £5m in the same period last year. However, the company saw its turnover increase to £43.3m up from the £35.9m it posted last year. The company put the EBITDA fall…
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6 December
The Langham, London, to open Mimosa in 2024
Luxury hotel The Langham, London, will be opening French restaurant Mimosa in early 2024, bringing the “flavours and spirit” of the French Riviera to the Capital. Operators of Mimosa, Moma Group, first launched the restaurant in Paris in 2021. The London Mimosa restaurant will be the first international outpost and…
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6 December
EG Group to sell 218 KFC franchise restaurants
EG Group has announced that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division. The transaction agreed by EG Group – the largest KFC franchisee in the UK and Ireland – is an additional…
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6 December
SSP Group revenues hit £3bn in FY23
SSP Group revenues rose 38% to £3bn for the full year ended 30 September, as EBITDA doubled to £280m compared with last year. The group attributed its performance to strong revenue growth and profit conversion, with H2 revenues growing by 25% on a constant currency basis. While the group saw…
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5 December
Today’s news in brief – 05/12/23
Marston’s swung to a £30.7m loss despite revenues rising 9.1% to £872.3m, due to interest rate hikes and property valuations. Yet, with optimistic Christmas bookings, the pub chain noted encouraging revenue figures. Meanwhile, the group has appointed a new CEO, Justin Platt, effective 10 January. The group’s focus is on…
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5 December
Red Oak Taverns confirms debt refinancing
Red Oak Taverns, the independent pub company, has revealed it has refinanced its debt with Oaknorth Bank OakNorth previously financed the business for six years, ahead of Red Oak moving to Hayfin in March 2022. Red Oak Taverns was founded by Mark Grunnell and Aaron Brown in 2011 and has…
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5 December
Relais & Châteaux chefs pledge to stop serving eel
Relais and Châteaux’s World Culinary Council have voted to immediately remove eel from its own menus, as the fish is considered critically endangered and features on the International Union for Conservation of Nature’s (IUCN) red list of threatened species. The association has called on the rest of its 580 hotels…
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