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- 2023 -22 May
Quercus to open in London
Quercus, a British-East Asian cuisine restaurant, is set to open its doors on 25 May near Shoreditch. The Sun Street-based Quercus restaurant aims to provide a “distinctive” dining experience that combines the best of British produce with East Asian flair inspired by its owner’s Malaysian origin. Quercus derives its name…
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22 May
Fazenda’s sales hit £20m in FY23
South-American restaurant brand, Fazenda Group, which operates five regional sites across the UK, reported a 37% year-over-year growth in FY23. Sales for the group surpassed £20m for the first-time in the thirteen years that the company has been trading, even with the closure of its Chester site in 2021 as…
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22 May
May drinks sales remain strong despite inflation
Drinks sales increased 5% year-on-year for the seven days ended 13 May following the long weekend for the coronation, according to the Drinks Recovery tracker from CGA Strategy. Sales surged over the coronation long weekend but a combination of cooler weather and rail strikes depressed sales between the 9 and…
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22 May
200 Degrees to open 19th location in Chester
The specialty coffee shop 200 Degrees will be opening its 19th location on the historic Bridge Street, Chester, on Saturday 27 May. The unit, which will be housed in a Tudor building that has sat empty since 2019, has undergone a refurbishment to make the space “cool and cosy”. Customers…
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19 May
TRG comes under renewed pressure from activist investor
The Restaurant Group (TRG), owner of Wagamama, has reportedly come under renewed pressure from activist investors, according to reports from The Times. Oasis Management Company, the hedge fund leading the rebellion, has accused TRG of excluding “certain” shareholders from key information ahead of the company’s AGM. Oasis has used its…
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19 May
Côte turnover hits £144.9m in FY22
Côte Restaurant Group has reported turnover of £144.9m for the year ended in September 2022. Like-for-like turnover was flat compared to the one in 2019, reflecting the Omicron impact on Christmas trading and the impact of the cost of inflation being borne by guests. Adjusted EBITDA for the year was…
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19 May
The Bovey Castle to reopen the Great Western Grill
The Bovey Castle in Devon has announced it will reopen The Great Western Grill restaurant on 30 June. The building features neo-Elizabethan architecture and is set within 275 acres of countryside and rolling valleys on Dartmoor National Park, Devon. The relaunch of the restaurant will also see the opening of…
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19 May
German Doner Kebab opens 150th restaurant
German Doner Kebab (GDK) has recently opened its doors to another site in Weston-super-Mare, Somerset marking its 128th location in the country and 150th internationally. The news comes as the brand has experienced rapid expansion, with the fast-casual dining option now employing over 4,500 people across its 150 restaurants worldwide. …
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18 May
Social Pantry appoints new non-executive chairman
Social Pantry, a leading sustainable events and workplace caterer, has recently announced the appointment of James Spragg as new non-executive chairman. Spragg will work closely with CEO and founder, Alex Head, to accelerate the growth of the business, whilst maintaining its core values across sustainability and ex-offender hiring. He joins…
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18 May
The Stables reopens after multi million-pound refurb
The Stables in Newcastle, has reopened its doors after completing a multi million-pound refurbishment. Bought by The Inn Collection Group in late 2020, the first phase of the refurbishment has seen the replacement of the original bar near the main entrance with a new installation, creating a near three-fold increase…
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