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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Oct- 2023 -27 October
Star Pubs and Bars opens The Unicorn in Cardiff
Star Pubs and Bars has launched The Unicorn pub in Cardiff following a £1.4m upgrade. The pub group stated that with the new opening, it has completed its “biggest single investment” in the UK this year. Closed for five years, the pub has been transformed into a Just Add Talent…
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27 October
Punch Pubs revenues increase to £313.5m in FY23
Punch Pubs has today (27 October) announced total revenues of £313.5m for FY23, up from £284.4m in FY22. Over the 52 week period Management Partnership revenue has increased 24% from £112.8m to £139.8m. All three divisions for the group – leased and tenanted, management partnership and laine – delivered like-for-like…
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27 October
JKS Restaurants turnover doubles in FY22
The operator of Gymkhana, Hoppers, Sabor and Kitchen Table, JKS Restaurants, has revealed that turnover has almost doubled to £50m during FY22 ended 1 January 2023. The company, which is part of the group headed by Yum Midco Limited, also reported that for the period EBITDA reached £5.5m from £1m…
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26 October
Today’s news in brief – 26/10/23
TRG has confirmed it received a request from Wheel Topco, the owner of Pizza Express, to evaluate a possible takeover offer for the company. However, TRG clarified that no formal proposal, including terms, price, or consideration, has been made by Wheel Topco. This follows reports that Pizza Express is considering…
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26 October
Restaurants’ delivery sales rise 10% but takeaways drop 3%
Britain’s top managed restaurant groups saw a 10% increase in delivery sales compared with September 2022, according to data from CGA. Despite this, takeaway and click-and-collect sales were down by 3% compared with the same period in 2022. Combined delivery and takeaway sales in September were up by 7% year-on-year.…
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26 October
Shepherd Neame partners with Maidstone United
Independent family brewer and pub company Shepherd Neame has agreed a new three year pouring rights partnership with Vanarama National League South team Maidstone United. Shepherd Neame has been an official drinks partner for the Kent club, known as ‘The Stones’, since it moved into the County Town’s Gallagher Stadium…
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26 October
Urban Baristas opens largest site at London Dock
Australian-inspired artisanal coffee shop, Urban Baristas, has officially opened its largest site at London Dock. Sustainably sourcing its coffee, Urban Baristas joins a growing mix of modern restaurants, interactive water features and green spaces at Gauging Square. Once a historical trading dock for luxuries, such as coffee, London Dock is…
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26 October
TRG confirms takeover counterbid from Pizza Express owner
The Restaurant Group has confirmed this morning (26 October) that it has received a request from Wheel Topco, the owner of Pizza Express, to evaluate a possible takeover offer for the company. However, TRG said that no written or verbal indicative proposal relating to a possible offer – including as…
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25 October
Today’s news in brief – 25/10/23
Arc Inspirations has appointed Lee Woolley as its new people and culture director. With over 30 years of experience in the industry, Woolley will focus on developing Arc Inspirations’ teams and continue to drive talent development programmes. His previous roles include director of learning and organisation development at Stonegate Group.…
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25 October
UberEats adds Bang Bang Oriental Foodhall to its roster
UberEats has added Bang Bang Oriental Foodhall, London’s newest Asian food court based in Colindale, to its roster, with 50% of the restaurants signing up exclusively to the delivery service. Bang Bang Oriental Foodhall boasts a wide range of specialist Asian restaurants in the UK, with over twenty-five different restaurants…
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