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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May- 2025 -2 May
Fortress and Lion Capital secure £30m loan to support Loungers deal
Lion Capital and Fortress Investment Group have secured a £30m club loan from OakNorth to support the acquisition of Loungers, the UK’s all-day café-bar operators. Under Fortress and Lion’s ownership, Loungers plans to continue its proven site rollout strategy, opening over 30 new sites a year to capture further market…
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2 May
McDonald’s US sales see biggest drop since 2020 in Q1
McDonald’s has seen its international comparable sales dip 1% in the first quarter ended 31 March 2025, with US sales falling by 3.6% over the period. That is the steepest decline in like-for-like sales in the US since the three months to the end of June 2020 during the pandemic,…
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2 May
Rhubarb Hospitality appoints new executive chef of events
Rhubarb Hospitality Collection (RHC) has announced the appointment of Kieran Reilly as its new executive chef of events. Reilly brings a wealth of experience in luxury hospitality and event catering, having most recently served as culinary director at Rocket Food. Prior to that role, he was executive chef at Lush…
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1 May
Today’s news in brief – 01/05/25
Prezzo has been renamed to Prezzo Italian as part of a refreshed brand identity, as it aims to revitalise its store estate ahead of the chain’s 25-year anniversary. The rebrand involved a new logo and “extensive” refurbishment programme across its portfolio, starting with its Kensington restaurant in London. Prezzo Italian…
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1 May
Prezzo launches new name, menu and brand identity
Italian restaurant chain Prezzo has announced it has been renamed to Prezzo Italian as part of a refreshed brand identity as part of plans to revitalise its store state as it marks 25 years in business. The rebrand also includes a new logo and an extensive refurbishment programme across its…
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1 May
Restaurant in Eldon Chambers development hits the market for £450k
A restaurant venue in the Eldon Chambers development, close to Nottingham city centre, has hit the market with an asking price of £450,000. The restaurant is currently operated by acclaimed local chef Ritchie Stainsby with his award winning, high-end plant-based restaurant No. Twelve, and was previously home to French restaurant…
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1 May
Edinburgh’s Stockbridge Tap sold for almost £1m
The Stockbridge Tap in Stockbridge, Edinburgh has been sold to new operators off of an asking price of £950,000. The pub has been sold on behalf of Edinburgh Real Ale Company, a family-owned business, who owned and operated the business for over 20 years. The pub has been sold to…
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1 May
Chartwells partners with The University of Kent
Campus caterer Chartwell Universities has announced a new partnership with The University of Kent, and will begin delivering catering services across the Canterbury campus from 1 June 2025. Following a competitive tender process, the new collaboration will see modernised dining facilities and expanded food options for students, staff, and visitors…
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1 May
HIT Training launches new Hospitality Academy
HIT Training has announced the launch of its new Hospitality Academy, a training initiative designed to help hospitality businesses raise service standards, develop future leaders, and build long-term success through “exceptional” customer experiences. The launch comes in response to the major challenges hospitality businesses across the country are facing, which…
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Apr- 2025 -30 April
Today’s news in brief – 30/04/25
Starbucks has seen its consolidated net revenues rise by 2% to $8.8bn (£6.5bn) in Q2, despite global comparable store sales declining 1% due to a 2% fall in transactions. In North America, comparable store sales saw a 1% fall that was driven by a 4% decline in transactions, though this…
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