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 -5 October
The Good Egg opens new restaurant in Camden
Middle Eastern-inspired restaurant, The Good Egg, has launched its new all-day dining restaurant in Camden. The new restaurant is located in Camden Stables Market and features a 70-cover restaurant (40 inside, 30 outside). Like its sister sites, the independent all-day restaurant will serve up dishes inspired by the flavours of…
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5 October
Italian fast food brand Indegno set to launch in UK
Italian restaurant and fast-casual food brand Indegno is set to launch in the UK this November. The restaurant, which has three sites in Bologna, Italy is set to open a site on Brick Lane in London. The brand specialises in the crescentina, a traditional dish from Emilia Romagna consisting of…
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5 October
Krispy Kreme mulls sale of Insomnia Cookies
Krispy Kreme has announced it is exploring strategic alternatives for Insomnia Cookies, to include considering an all-cash sale. Krispy Kreme acquired a majority stake in Insomnia Cookies in 2018 and expects revenues of approximately $230m (£189.5m) in fiscal year 2023. The recent decision enables Krispy Kreme to unlock shareholder value…
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5 October
Peach Pubs to operate The Three Horseshoes in Hertfordshire
Peach Pubs has been announced as the new operator of The Three Horseshoes in Letchmore Heath, Hertfordshire. The pub, which has been standing for over two Centuries, was acquired by Mark Cherry, director of Caraeno Limited, in 2020. The property underwent a substantial refurbishment programme to “meet the demands of…
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4 October
Today’s news in brief – 04/10/23
Tortilla revenues grew 22% to £32.7m during the 26 weeks ending 2 July, due to eased cost pressures and increased consumer confidence. However, Adjusted EBITDA decreased from £2.5m in H1 2022 to £1.8m due to the absence of government support received in the prior year. The group also integrated Chilango…
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4 October
The Orangery at Blenheim Palace reopens following £2m refurb
Blenheim Palace has announced the opening of its 18th Century Orangery following the completion of a £2m restoration project to replace the glass ceiling with timber and slate back to its original design. The Orangery which offers afternoon teas, Sunday roasts, corporate meetings and even weddings at the UNESCO World…
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4 October
Consumers spend 6.5p per pound on eating and drinking out, says CGA
Consumers spent 6.5 pence of each pound on out-of-home eating and drinking between January and July 2023, according to data from CGA. The new Brand Track Plus combines consumers’ out-of-home preferences with card spending data to deliver analysis of engagement with key hospitality brands. The tracker gives insights into spending…
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4 October
Tortilla revenues increase 22% in H1
Tortilla revenues grew 22% to £32.7m during the 26 weeks ended 2 July, as cost pressures have eased and consumer confidence grew in the UK. However, while adjusted EBITDA reduced from £2.5m in H1 2022 to £1.8m in the current year, the fast-casual chain reports this is in-line with market…
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4 October
City Pub Group acquires two pubs in London and Oxford
The City Pub Group, the owner and operator of 52 premium pubs across Southern England and Wales, has recently announced the completion of the acquisition of two additional pubs in London’s Soho and in Oxford. The group has acquired a premium freehold investment which is currently operated as Simmons in…
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3 October
Today’s news in brief – 03/10/23
Greggs reported a 20.8% increase in total sales for the 13 weeks ending 30 September. Company-managed shop like-for-like sales also rose by 14.2%, driven by extended trading hours and increased app usage. Evening trade contributed to 8.8% of sales, and 13.1% of transactions were made through the Greggs app. The…
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