News
The News section on Catering Today delivers the latest updates and developments across the UK hospitality and catering industry. Covering restaurants, pubs, quick service brands, and catering groups, it reports on company announcements, market performance, government policy, and sector-wide trends. With a focus on commercial and operational impact, Catering Today’s news coverage keeps hospitality professionals informed of the events and decisions shaping business conditions and strategic opportunities across the sector.
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Jan- 2024 -16 January
Cooks Coffee sales rise 15.8% across UK&I in 2023
Cooks Coffee has experienced a 15.8% rise in sales to $53.8m (£26.9m) across the UK and Ireland for the year ended 31 December 2023. The news comes as, within the UK, store sales rose by 18.6% to reach $35m (£17.5m) compared with the same period last year, while in Ireland…
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15 January
Today’s news in brief – 15/01/24
Drake and Morgan reported record festive trading, with like-for-like sales up 31.7% against the same period in 2022. Christmas bookings were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for the year ended 26 March 2023…
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15 January
More than 4,500 Stonegate pubs at risk amid £2.6bn debt
More than 4,500 Stonegate pubs could be at risk as parent company TDR capital seeks to refinance £2.5bn of debt, GMB Union has warned. Gary Lindsay, boss of TDR Capital which also owns supermarket giant Asda, told the Business and Trade Select Committee on Tuesday [9 January] he was ‘confident’…
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15 January
Drake and Morgan delivers record Christmas
Drake and Morgan has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022. This trading followed “record” Christmas bookings which were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for…
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15 January
UK pubs see drinks sales growth in 2024, CGA finds
Britain’s pubs and bars have started 2024 with year-on-year growth in drinks sales, CGA by NIQ’s Daily Drinks Tracker shows. Average sales in managed venues in the week to Saturday 6 January were 25% ahead of the corresponding week in 2022—though this is inflated by the inclusion of New Year’s…
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15 January
Heartwood Collection appoints new CEO
Heartwood Collection has announced the appointment of Richard Ferrier as its new chief executive officer. Ferrier’s latest promotion this month comes after he joined the brand, which operates Brasserie Blanc and Heartwood Inns, in 2011. During his time at Heartwood Collection, Ferrier held the roles of operations director of Brasserie…
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12 January
Today’s news in brief – 12/01/24
Nightcap revenues jumped to £7.4m, spelling a 65.7% rise over Christmas. As a result, revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since IPO. Total December unaudited group revenues were £9.2m against £5.9m for December 2022, an increase of 55.9% and…
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12 January
Workshop Coffee appoints new chairman
Workshop Coffee has announced the appointment of David Read as the company’s chairman. Read is joining the board of directors with over 50 years of experience in the food, drink and hospitality industry. The news follows a recent run of B2B new business wins that include The Langham, 1 Hotel…
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12 January
Corporate buyers return to pub market in 2023
Tenanted pub companies made up 23% of freehold buyers in 2023, compared with 12% in 2022, according to data from Christie and Co. Furthermore, Christie and Co’s pub price index dropped 8.1% for 2023 as a result of interest rate hikes and a stubborn inflationary environment during 2023. Activity was…
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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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