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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Aug- 2023 -7 August
Geode to open in Knightsbridge
Neha Beriwala of Arrow Hospitality, who’s restaurant portfolio includes Kutir in Chelsea and Manthan in Mayfair, has announced the launch of Geode on Beauchamp Place in Knightsbridge. Geode, a vibe-dining concept introduced to Knightsbridge by Salvatore Broccu and Marios Louvaris (formerly of Novikov Group), focuses on contrast and theatrical experiences…
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7 August
Papa John’s global restaurant sales up 2% in Q2
Papa John’s revealed that its global system-wide restaurant sales reached $1.22bn (£0.96bn) in the second quarter ended 25 June, showing a 2% increase from the prior year’s Q2. During the period, the pizza chain also opened a total of 47 stores internationally and is on track to achieve 270 to…
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4 August
The Ship Inn brought to market for £3.7m
A waterside inn situated on the Yealm Estuary has been brought to market for offers in the region of £3.7m. The Ship Inn in Noss Mayo, located just ten miles from Plymouth, is a free house with “characterful” interior and exterior trading areas. The bar, which can accommodate 60 covers,…
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4 August
Taca Tacos to open second site
Taca Tacos has announced that it will open its second bricks and mortar store in Peckham, London this month. Following a successful first year selling tacos from a converted railway arch in Deptford, the new restaurant will be located on Peckham’s famous Rye Lane. The new taco kitchen will be…
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4 August
Compton Verney restaurant reopens after refurb
Compton Verney art gallery has revamped and reopened its restaurant following a refresh led by architectural interior design firm Sculpt. Previously a more functional ‘grab and go’ style café, the new look aims to reflect the evolved multiple course dining offer. The design is inspired by Compton Verney’s art collection,…
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4 August
Yum Brands income surges 86% in Q2
Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has reported that its net income surged 86% to $418m (£328.9m) for the second quarter ended 30 June. By the end of Q2, the group’s total revenues reached $1.69bn (£1.33bn), spelling an increase of 3% from $1.64bn (£1.29bn) in…
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3 August
Stonegate owned Railway pub set to reopen after £200k refurb
The Stonegate Group owned Railway pub in Lancing, West Sussex is set to reopen following a £200,000 renovation. The pub, which is now part of the Craft Union Pub Company, has had works carried out to provide it with a “brand new look and feel”. Inside, will be a new…
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3 August
Chickpea Group acquires its sixth pub with rooms
The team behind the Wiltshire-based Chickpea Group have announced the acquisition of The Silver Plough in Salisbury. The 18th Century pub which is located in the village of Pitton near Salisbury is the sixth addition to Chickpeas’ collection of country boozers with rooms. The management team of the bar, Ethan…
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3 August
BoE raises interest rates to 5.25%
The Bank of England (BoE) has raised interest rates for the 14th consecutive time to 5.25% in a bid to combat inflation. The bank’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target. At its meeting ending on 2 August 2023, the MPC voted by a…
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3 August
CAMRA urges PM to protect UK pubs
The Campaign for Real Ale (CAMRA) has called on the Prime Minister to protect UK pubs and clubs and secure their long-term future. Prime Minister Rishi Sunak recently visited the Great British Beer Festival, CAMRA’s flagship event, to meet key figures from the campaign, and talk with brewers, publicans and…
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