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.
-
Oct- 2023 -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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
3 October
Greggs Q3 sales up 21% amid store openings and extended trading hours
Greggs has announced that its total sales rose 20.8% for the 13 weeks to 30 September 2023. Alongside this the company-managed shop like-for-like sales were up 14.2% as a result extended trading hours and increased app usage. Evening trade represented 8.8% of company-managed shop sales while 13.1% of company-managed shop…
Read More » -
3 October
UK F&B M&A activity up 68.2% despite absence of higher market deals
UK Food and Beverage M&A activity has seen a 68.2% increase in the volume of deals (37 transactions) compared with the same period in the prior year, according to Oghma Partners’ Food and Beverage M&A report. Deal value has also increased by 49.1% to c. £400.0m compared with the same…
Read More » -
3 October
Foodservice price inflation falls for third consecutive month, says CGA
Inflation decreased for a third consecutive month in August but remains above 20% year-on-year, according to the CGA prestige foodservice price index. Price increases have slowed in both foodservice and supermarkets in recent months. However, the rate of easing has been faster in retail, as month-on-month inflation in supermarkets as…
Read More »
