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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Mar- 2023 -27 March
Tortilla Group revenues rise 20% in FY22
Tortilla Mexican Grill, one of the most successful fast-casual Mexican restaurant groups in the UK, has reported a revenue increase of 20% to £57.7m, according to its FY22 results. The increase, the group argues, is attributable to a variety of factors, including a 16.4% like-for-like revenue growth, the strategic acquisition…
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27 March
JD Wetherspoons returns to profit but warns of inflation impact
Pub chain JD Wetherspoons has returned to profit in H1, with profit before tax reaching £4.6m for the 26 weeks ended 29 January after a £26.1m loss the prior year. Nonetheless, this was still below the £50.3m profit reported for the same period in 2019. However, the group’s like-for-like sales…
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27 March
The Oakman Group appoints new CFO
The Oakman Group has announced the appointment of Tarquin Williams as chief financial officer. Williams was formerly CFO of The City Pub Group where he managed CPG’s listing on the AIM market through an IPO and helped guide the company through the pandemic. Before that, he was a Fullers Inns…
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24 March
The Don restaurant set to reopen in April
The Don in St. Swithin’s Lane, London, is reopening after being closed for the past four years due to a complete refurbishment. The restaurant is located next door to its sister establishment, a Portuguese wine bar called Bar 1790. Both are in Sandeman House, the building to which the Sandeman…
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24 March
Hawksmoor to open second US site in Chicago
Steak restaurant Hawksmoor has announced plans to open a second restaurant in the US in Chicago. The brand plans to open the restaurant in the first half of 2024 in the historic LaSalle Street Cable Car Powerhouse in the windy city. The company aims to restore the site, a 16,500…
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24 March
Shepherd Neame appoints GM of The Evenhill Inn
Shepherd Neame has announced the appointment of Hannah McDonough as the new general manager of The Evenhill in Littlebourne, near Canterbury. McDonough joins the pub with rooms in the heart of the Kent countryside from The Royal Albion Hotel where she has been assistant manager since 2019. She also served…
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24 March
Humdingers opens new patisserie and eatery in Highbury
Humdingers has launched its third bakery and eatery in Highbury, North London, in addition to its existing sites in Hoxton and Hornsey. The brand, which also operates an event catering business working for clients like Alexander McQueen, Amazon, Gucci and Burberry, has designed the new site with a vintage aesthetic…
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23 March
Just Eat to cut around 1700 delivery driver jobs
Just Eat is set to lay off over 1,800 staff and scrap the model of employing its own couriers. The company stated that it was looking to “improve efficiency” after its number of orders in the UK and Ireland dropped 10% to 260m last year. Around 1,700 couriers have been…
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23 March
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate in almost 15 years, following an unexpected rise in inflation last month. The move marks the 11th consecutive increase from the BoE and follows the jump in inflation to 10.4%…
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23 March
Steakhouse Bar and Block opens new site in Birmingham
Whitbread’s contemporary steakhouse brand, Bar and Block, has announced its latest opening in Birmingham, taking its portfolio up to 21 sites nationwide. The new opening marks the continued expansion of Bar and Block across the UK, following on from the launch of two new sites in London last year. The…
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