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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Apr- 2025 -30 April
Starbucks Q2 net revenues rise 2% to $8.8bn
Starbucks has announced that its consolidated net revenues rose by 2% to $8.8bn (£6.5bn) in the second quarter ended 30 March, 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…
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29 April
Today’s news in brief – 29/04/25
The Ivy Collection has seen its turnover rise by 3.5% to £314.7m in the year to December 2023 despite having not opened any new venues during the period. The Richard Caring-backed group also saw its profits before tax jump by 30% to £37.7m during the period, with its adjusted EBITDA…
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29 April
Pubs sales grow 3.6% thanks to good weather in March
Britain’s leading managed pub groups achieved 3.6% growth in like-for-like sales in March thanks to bright weather, the new CGA RSM Hospitality Business Tracker has revealed. As well as the sunshine, pubs benefited from March events including Mother’s Day and St Patrick’s Day. It means that for the fourth month…
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29 April
Carlsberg sees ‘soft start’ to 2025 amid Britvic merger
Carlsberg has had a “soft start” to the year according to group chief executive Jacob Aarup-Andersen following the completion of its merger with Britvic. The Danish company posted a revenue increase of 17.4% for the three months ended 31 March 2025 but saw a 1.5% organic revenue development loss globally.…
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29 April
Accent Catering appoints new regional director
Staines-based Accent Catering Services Limited has appointed Rachel Wilson to its new regional directorship post to support its growing business in the Midlands. Wilson joined the independent catering company in February. She is now responsible for Accent’s strong portfolio of independent and state schools, as well as B&I contracts throughout…
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29 April
The Ivy Collection FY turnover rises 3.5% to £314.7m
The Ivy Collection’s parent company, Troia Restaurants, has reported a turnover rise of 3.5% to £314.7m in the year to 31 December 2023 despite having opened no new venues during the period. The Richard Caring-backed group also saw its profits before tax jump by 30% to £37.7m during the period,…
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28 April
Today’s news in brief – 28/04/25
Hospitality insolvencies were down 11% to 3,402 in the 12 months to February 2025, according to data from the Office for National Statistics. Insolvencies in the sector fell 20% to 271 in February 2025, compared with the same month last year (339). However, they remain historically higher than pre-pandemic levels.…
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28 April
Hospitality insolvencies remain ‘historically’ high despite Feb fall
Accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025, according to data from the Office for National Statistics. Insolvencies in the sector fell 20% to 271 in February 2025, compared with the same…
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28 April
Punch Pubs acquires The Crown pub in Market Drayton
Punch Pubs and Co has expanded its portfolio with the acquisition of The Crown in Market Drayton. The town centre pub, located on Queen Street, will now be part of Punch’s leased and tenanted estate. It will be managed by experienced, multiple operators Ami Sanobar and Darren Paul, who will…
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28 April
Woolwich pub reopens after six-figure refurb
Woolwich pub the George IV has reopened following a six-figure investment, creating four new jobs in the local community. Offering live sports, the pub has improved its amenities with three new Sky Q boxes enabling the pub to show Sky, Sky Sports+, TNT Sports plus sport on Prime. As a…
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