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 -8 March
Wagamama owner to shut 35 sites as FY losses widen
The Restaurant Group has revealed that for the year ended 1 January 2023, its statutory loss before tax increased from £35.2m in 2021 to £86.8m. As a result, the Wagamama owner has made plans to shut around 35 “loss making” locations. This decision will take its portfolio from 166 restaurants…
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8 March
Big Mamma opens new trattoria in Marylebone
Big Mamma, an Italian restaurant group, has announced the opening of its fifth London restaurant Carlotta in May 2023. The site features a ruby red terrace, skylit dining room with leather furnishings, golden drapes and a soft suede ceiling. The bar is also made of Venetian marble and the basement…
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7 March
M Restaurants and Gaucho owner confirms two closures
Gaucho and M Restaurants owner Rare Restaurants has confirmed the closure of two of its restaurants in London. The company stated that it would not be renewing the leases for the M Victoria and Gaucho Smithfield Market as they “no longer meet our requirements”. It also said that all the…
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7 March
Greggs sales rise 23% in FY22
Greggs has welcomed a strong performance in FY22, with total sales up by 23% to £1.5bn, and like-for-like sales in company-managed shops up by 17.8% year-on-year. Over the period, pre-tax profits were also up 1.9% to £148.3m, against £145.6m the prior year. It comes as the group reported a “record”…
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7 March
Atul Kochhar Restaurant Group appoints new group operations director
Atul Kochhar Restaurant Group has announced the appointment of Jatin Parmar as group operations director of UK sites. Parmar has over 20 years of experience within the hospitality industry and has previously held managerial positions in some of the UK’s most prestigious restaurants. In his new role, he will oversee…
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7 March
New Liverpool restaurant Nord confirms March 23 opening
Nord, a new restaurant in Liverpool, has revealed it is set to open its doors on 23 March 2023. The restaurant is operated by GSG.Hospitality and chef Daniel Heffy and is set to open at the Plaza. The restaurant will offer “relaxed” dining with a focus on ingredients from regional…
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7 March
Gordon Ramsay Restaurants acquires Pizza East
Gordon Ramsay Restaurants has announced the completion of its acquisition of Pizza East in Shoreditch, East London. Following its acquisition, the restaurant is due to officially reopen its doors on Wednesday 15 March, with the venue also accepting reservations ahead of the opening. Ahead of the opening, Pizza East has…
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6 March
Goldman Sachs amongst bidders for Subway
An arm of Goldman Sachs is amongst potential bidders to acquire Subway after the business was put on sale, according to Sky News. Sources said that the Goldman Sachs Asset Management (GSAM) joins Bain Capital, TPG and Asda shareholder TDR Capital as potential new owners of the business, all of…
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6 March
Mollie’s appoints Dan Gover as group innovation and development chef
Mollie’s motel and diners, has appointed Dan Gover as group innovation and development chef following the launch of its Manchester-based site in late 2023. Gover plans to assist with the brand’s creative F&B development. He started his hospitality career as a head chef at the White Horse Hotel in Romsey…
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6 March
Costa Coffee to increase staff pay by 6.7% on average
Costa Coffee has announced plans to increase pay for over 16,000 staff members by an average of 6.7%. From 1 April 2023, base pay rates for Costa baristas will increase from £10 per hour to at least £10.70 per hour. Alongside this, more experienced barista maestros will see an uplift…
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