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.
-
Nov- 2022 -15 November
Byron Burgers hires consultant in search for new investors
Calveton, the parent company of Byron Burgers, has reportedly hired business management consultants Interpath Advisory in a bid to find new investors as the business is to be flipped to a new owner. The news comes as the hospitality industry tackles stiff economic headwinds, while casual dining chains contend with…
Read More » -
15 November
Art’otel set to officially launch in February
Art’otel London Battersea Power Station has announced that it will officially launch on 21 February 2023, with doors open from 12 December 2022 for first stays. The first UK opening for the art’otel brand, the launch is aiming to offer a “one-of-a-kind hotel experience that fuses art, design and hospitality…
Read More » -
14 November
Contract catering Q3 sales up 41% but remain below 2019 levels
Sales in the contract catering sector have increased 41% between July and September this year, however still remain below pre-Covid levels, according to the latest contract catering tracker from CGA. Sales in this years’ third quarter were down 9% when compared with the same three month period in 2019 and…
Read More » -
14 November
Ewe Restaurant and Bar set to open
Newly conceived Ewe Restaurant and Bar is set to open in Bolton’s Westhoughton on 18 November. The million-pound project has a capacity of 150 and will welcome live music from local musicians. Headed up by the team behind Manchester’s ‘Yours’ restaurant and bar, the new venue will be led by…
Read More » -
14 November
Hospitality faces £900m business rates hike
Hospitality businesses will face a £3.6bn bill next April if business rates increase in line with inflation and current relief is ended, a business rates increase of £900m, on top of the £2.7bn the sector currently pays. Ahead of the Autumn Statement this week, UKHospitality CEO Kate Nicholls is urging…
Read More » -
14 November
BBPA calls for beer duty freeze
The British Beer and Pub Association (BBPA) has called on the chancellor to reconsider freezing beer duty to help keep the cost of a pint affordable this Christmas in an open letter ahead of the chancellor’s autumn statement. It is reported that the letter highlighted that the average costs for…
Read More » -
11 November
Hospitality sales rise by 4% in British cities
Pubs, bars, and restaurants have reported positive sales in Britain’s major cities, despite high inflation making real-terms growth “very difficult”, according to CGA. Its latest ‘Top Cities’ report found that combined sales in Britain’s 10 most populous cities in the four weeks to 22 October 2022 were 4% higher than…
Read More » -
11 November
Various Eateries appoints interim CFO
Various Eateries has announced that James Darwent is joining its board as director with immediate effect, where he will act as interim CFO following the news Oli Williams has stepped down from the role. According to the company, Darwent has been working alongside Williams since joining the company on 26…
Read More » -
11 November
Danieli Group to deliver two new north east Stack sites
Newcastle-based leisure company Danieli Group has revealed its plans to invest £7m in the creation of two new Stack leisure hubs in County Durham. As a result, Danieli has submitted a planning application to convert the former M&S store at Silver Street, Durham into a Stack site, while also unveiling…
Read More » -
10 November
Youngs revenues rise 25% as ‘normal’ trading returns
Young’s has seen revenues rise by 24.7% to £186.5m in the half-year ended 26 September, as the group welcomed a return to a “normal pub environment”. Over the period, profit-before-tax was up by 14.7% to £25m, while adjusted EBITDA rose by 5.4% to £45m. Managed house EBITDA was £55.5m, up…
Read More »
