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.
-
Jul- 2023 -26 July
One in 18 licensed venues closed for good in past year
Britain has lost roughly one in 18 of its licensed premises, which makes up 5,736 pubs, hotels, restaurants, bars and cafes, in the last 12 months, according to the new Hospitality Market Monitor from CGA by NIQ and AlixPartners. The current closure rate means that about 5% of the market…
Read More » -
25 July
Behrouz Biryani increases number of UK franchises to 40
International food brand Behrouz Biryani increased its number of UK franchises from seven to 40 over the past six months. The brand reports it is representing an expansion rate of nearly 500% and is on track to hit its target of over 50 restaurant partners this year. Over the past…
Read More » -
25 July
TRG investor considering bid for pub and leisure arms
An investor in The Restaurant Group (TRG) is considering a bid for the company’s pub and leisure arms, according to reports from The Telegraph. TMR Capital, which holds a 1.75% stake in TRG, is looking to acquire the Brunning and Price pub arm and the group’s leisure division, which includes…
Read More » -
25 July
The Avocado Show to open new Covent Garden restaurant
The Avocado Show has announced the launch of its new Covent Garden restaurant this summer, following the success of its Mayfair site. The Avocado Show Covent Garden will serve breakfast, brunch, lunch and dinner all made from sustainably sourced avocados. A new addition to the Covent Garden location is a…
Read More » -
25 July
Brighton Pier Group reports ‘widespread decline’ in Q2
Brighton Pier Group has announced that total sales for the six months ending 25 June 2023 are expected to be in the region of £16.2m. The group said that the second quarter “has proved more difficult”, with sales remaining behind 2022. It added that the current macroeconomic environment is leading…
Read More » -
25 July
Compass Group revenues grow 15% in Q3
Foodservice company, Compass Group, has revealed that its performance was strong in the third quarter ended 30 June, with organic revenue growing 15%, despite lapping higher comparators due to recovery of base volumes. The group also revealed that year-to-date organic revenue growth was 21% after benefiting from “excellent” client retention…
Read More » -
24 July
Brian Maule at Chardon d’or in Glasgow announces closure
Maule opened the restaurant in 2001 serving seasonal Scottish food after working alongside chefs like Michel Roux Jr and Albert Roux. In an announcement on Facebook restaurant Brian Maule announced its closure after 22 years of business. Detailing that the closure was due to the ‘financial burden of the new…
Read More » -
24 July
Incipio Group to launch The 411 bar in Angel
Incipio Group, the hospitality business behind eight of London’s food and drink destinations, has announced the opening of The 411 (pronounced ‘The four-one-one’), a neighbourhood bar located in Angel. The 411 venue is inspired by the “creative energy” of New York City and will open in September 2023. Located in…
Read More » -
24 July
Michelin-star chefs team up for Save Windermere campaign
Some top Michelin starred chefs will join forces for the Save Windermere campaign which is aiming to raise money for the protection of Lake Windermere. Across six nights in September 2023 chefs will cook up culinary delights in an intimate tented setting overlooking the lake. The initiative is being spearheaded…
Read More » -
24 July
July drinks sales dip amid cooler weather, CGA says
CGA by NIQ’s drinks recovery tracker, which measures average sales in managed venues, has revealed that sales in the seven days to 15 July were 0.3% down on the same week in July 2022. This represents a drop from sales growth of 5% in the first week of the month…
Read More »
