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 -1 December
Today’s news in brief – 01/12/23
The RMT Union has approved a pay deal from the Rail Delivery Group, halting strike actions until at least spring 2024. The accepted offer includes a 5% pay rise retroactively applied to 2022/23 and a guarantee against compulsory redundancies until the year-end in 2024. While RMT has ceased strikes, Aslef,…
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1 December
Greggs and Fenwick launch Bistro Greggs pop-up
Family-owned department store Fenwick is collaborating with leading food retailer Greggs on a pop up at Fenwick Newcastle. Launching on Friday 1 December, and running to New Year’s Eve, Bistro Greggs will be an all-day dining destination, from 9am to 8pm serving breakfast, brunch and lunch dishes from a Parisian-inspired…
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1 December
RMT accepts pay offer ending strikes until at least spring 2024
The RMT has announced that it has accepted a pay deal from the Rail Delivery Group, ending strike action until at least spring 2024. Members of the union have accepted a 5% pay increase which is backdated to 2022-2023 alongside a guarantee of no compulsory redundancies until the end of…
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1 December
Hell Yeah Hospitality Group appoints three new directors
Hell Yeah Hospitality has announced the appointment of James Richardson in the newly-formed role of director of operations and people, David Moffat as the new commercial director, and Louise McCabe as sales, marketing and brand director. The group has strengthened its senior team ahead of its next stage of growth,…
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1 December
Claude and Lucy Bosi to open Josephine in Fulham
Michelin-starred Claude Bosi and Lucy Bosi are set to open their new French bistro Josephine on Fulham Road at the end of January 2024. Inspired by and named after Claude’s late grandmother, this will be the couple’s first joint venture to date – a restaurant “reminiscent of the traditional Bouchons…
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Nov- 2023 -30 November
Today’s news in brief – 30/11/23
Mitchells and Butlers reported a drop in operating profits to £98m for the year ended 30 September due to weaker property valuations and increased costs, including higher wages. Sales, however, rose to £2.5bn, marking a 9.1% like-for-like growth. The group noted a 7.2% rise in like-for-like sales at the start…
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30 November
Knoops to double in size following £8.3m fundraising
Knoops, the chocolate cafe, has announced plans to more than double in size in 2024 following a £8.3m fundraising which leaves the business debt-free and positioned for higher profits next year. The fundraising, led by a £5.5m investment from the London-based retail and property group Morleys Stores Limited, allows Knoops…
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30 November
Bavette to open in Leeds in February
Neighbourhood bistro Bavette is set to open in Horsforth, Leeds in February next year. Bavette is the first venture from ex-Culpeper Group MD and head chef Sandy Jarvis and his husband, restaurant manager and sommelier Clément Cousin, formerly of Brawn and The Buxton. The seasonally led bistro menu will feature…
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30 November
Pizza Punks appoints FRP to assist with 2024 expansion plans
Pizza Punks has appointed FRP Corporate Finance to assist the chain in raising capital, as it looks to speed up its expansion plans during 2024. The firm’s appointment comes as the pizza chain has spent the past six months consolidating after opening four new restaurants last year in Leicester, Nottingham,…
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30 November
Mitchells and Butlers sees profits dip to £98m in FY 2023
Restaurant group Mitchells and Butlers has revealed that its operating profits dropped from £124m to £98m for the 53 weeks ending 30 September, driven by weaker property valuations and increased costs, which also included higher wage bills. However, the group’s sales increased to £2.5bn, up from £2.2bn last year, with…
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