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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Sep- 2023 -8 September
Food and beverage sector sees rise in M&A activity
Food and beverage M&A activity has increased 13% in Q2 2023, after welcoming signs of recovery at the start of 2023, according to new research from Grant Thornton UK LLP. The firm’s analysis has found that 42 deals were recorded in Q2 2023, as deal volumes rose for the third…
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8 September
Strong sales unable to keep up with inflation, UKH finds
Turnover increased 6.7% in the last year to £137bn, but compared with 2019, remains almost 20% behind in real terms when accounting for inflation, according to UKH’s quarterly sales tracker. The tracker, in association with CGA, also showed that sales in the last year are 2.3% up on pre-pandemic sales.…
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7 September
Badiani opens flagship store in Windsor
Ice cream brand Badiani has unveiled the opening of its new flagship store in Windsor. The new store with sit in or takeaway options will offer more than 20 artisanal gelato flavours, including vegan sorbets. Alongside this the store will serve fresh-cooked fluffy waffles, crepes, handcrafted coffees, pastries and Badiani…
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7 September
Hospitality food inflation slows in July, CGA finds
Food inflation in hospitality fell marginally to 21.7% year-on-year in July, according to the CGA’s foodservice price index. Despite the slight fall of 0.9 percentage points, inflation remains only just below the index’s previous peak of 22.9% in December 2022. The latest index also reports a month-on-month increase of 0.7%,…
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7 September
Roxy Leisure to open Roxy Lanes Liverpool in November
Roxy Leisure will be opening its Roxy Lanes concept in Liverpool this November, marking the third site and the first venue in the region in the group’s expansion plan. Roxy Lanes Liverpool School Lane will focus on 10 pin bowling and feature a range of activities including American pool, shuffleboard,…
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7 September
BaxterStorey secures London Metropolitan University contract
BaxterStorey has secured a new contract with London Metropolitan University and will see it cater for its Aldgate and Holloway campuses to around 13,500 students. In addition to transforming its four locations, BaxterStorey will reopen the Highbury Canteen by revamping it into a street food market. Dishes on the new…
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6 September
Wolseley Hospitality Group appoints new operations director
Wolseley Hospitality Group has announced the appointment of Simon King as its new operations director. Kings has worked in the hospitality industry for over 20 years and started his career at The Ritz Hotel, London. He has held several senior roles at Gordon Ramsay Restaurants, Danny Meyers USHG, Fat Duck…
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6 September
Wetherspoons to lower prices for Tax Equality Day
Wetherspoon pubs are set to cut the price of all food and drinks by 7.5% on Thursday 14 September, in order to highlight the benefit of a permanent VAT reduction in the hospitality industry. Prices at the pubs will be reduced for one day only to mark Tax Equality Day. …
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6 September
TRG revenues rise 10% to £467.4m in H1
The Restaurant Group (TRG) has reported that total sales in the first half of the year rose by 10% to £467.4m, compared with £423.4m the prior year. Its adjusted EBITDA was also up 15% to £36.3m on a pre-IFRS 16 basis versus the VAT adjusted basis of £31.4m in H1…
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6 September
Comptoir Libanais to open new site in Ealing
Comptoir Group has announced that it has secured a location for the opening of a new Comptoir Libanais restaurant in Ealing, West London. The 3,325 sq ft restaurant is positioned on the high street and is expected to open in early October 2023. The Ealing restaurant, which will be Comptoir’s…
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