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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Nov- 2023 -10 November
Piano Works to leave West End for Covent Garden
Live music bar Piano Works has announced that it is moving to Covent Garden this month. It is re-opening within a Nightcap venue at the Gillian Lynne Theatre on the corner of Drury Lane. This comes after the company applied to Westminster Council to increase its licensed capacity at its…
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10 November
Krispy Kreme revenues hit $407.4m in Q3
Krispy Kreme reported net revenues of $407.4m (£333m) in Q3 2023, a 7.9% increase compared with Q3 2022. Total company organic revenues grew 9.6% in the quarter, led by the US, which delivered 10.2% organic growth in the quarter driven by growth across all sales channels, including delivered fresh daily…
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10 November
Hospitality leaders call for ‘urgent action’ in Autumn Statement
Michelin-starred chefs and publicans have joined industry CEOs from more than 230 companies in signing an open letter to the chancellor calling for urgent support ahead of this month’s Autumn Statement. Tom Kerridge, Monica Galetti, Tom Aikens and Jodie Kidd were among the chefs and publicans included in the letter,…
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10 November
Stonegate Group reopens The Hare and Hounds pub
UK-based pub company Stonegate Group has announced the reopening of The Hare and Hounds pub in St Albans after an extensive refurbishment project. The pub which was temporarily closed since mid-August has been refurbished after it received a six-figure investment from the pub group. The revamp has included substantial enhancements…
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9 November
Today’s news in brief – 09/11/23
Domino’s expects its underlying EBITDA for FY23 to be between £132m and £138m, as Q3 like-for-like sales grew by 3.7%. The pizza chain experienced a 5.5% increase in Q3 sales, attributed to the acceleration in new store openings. Domino’s plans to open at least 60 new stores by the end…
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9 November
Marlowe Bar and Restaurant opens in East London
Marlowe Bar and Restaurant has opened at Montcalm East hotel in East London. The new dining and drinking experience is inspired by playwright Christopher Marlowe and boasts three different spaces. First up is the ground floor Café which is an all-day venue, serving from breakfast to dinner. Next is the…
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9 November
Restaurant Associates appoints new culinary director
Restaurant Associates has appointed Adam Thomason as its new culinary director. Thomason, who holds a Master of Culinary Arts degree, spent several years working for Restaurant Associates and the larger Compass Group before leaving in 2021. Currently, he leads the England Culinary Team as captain. Thomason said: “It’s fantastic to…
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9 November
Admiral Taverns EBITDA hits £55.8m in H1
Admiral Taverns has reported an EBITDA of £55.8m reflecting robust growth across the first half of FY23 which ended on 28 May. The group admitted that the second half of the year was impacted by a faltering economy, inflationary pressure and the energy crisis. Turnover reached £182m, compared to £154.3m…
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9 November
Domino’s backs guidance as sales rise 3.7% in Q3
Domino’s expects FY23 underlying EBITDA to be in the range of £132m to £138m, as like-for-like group sales increased 3.7% during Q3 and the pizza chain had a “good” start to Q4. Across the entire group, Q3 sales increased 5.5%, which the company has attributed to its acceleration in new…
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8 November
Today’s news in brief – 08/11/23
J D Wetherspoon has reported a 9.5% like-for-like sales growth for the 14 weeks ended 5 November. During this period, bar sales increased by 10.7%, food by 8.2%, and slot machines by 10%. The group’s hotel room sales also saw a 6.2% increase. In the year to date, total sales…
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