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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Nov- 2022 -3 November
Hospitality sector confidence plummets further amid inflation crisis
Soaring costs and economic uncertainty have “severely dented” confidence in Britain’s hospitality sector, according to new research from CGA by NielsenIQ and Fourth. The October Business Confidence Survey found that just 8% of leaders of multi-site businesses feel confident about the next 12 months for the eating and drinking out…
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3 November
Jamaica Blue opens café in Manchester Arcade
Café brand Jamaica Blue has opened its first café in Manchester after agreeing to take a 4,206 sq ft two-floor unit in Manchester Arcade on a 10-year lease. Founded in Australia in 1992, Jamaica Blue currently has over 130 cafes, in seven different countries, seventeen of which are in the…
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3 November
Arc Inspirations appoints Mike Tye as chairman
Arc Inspirations has appointed hospitality sector veteran and leader Mike Tye as chairman, and he will support the senior team, led by CEO and co-founder Martin Wolstencroft, in the on-going development of the business. In his new role, Tye will work alongside the team as the group plans for a…
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3 November
Haysmacintyre reveals continued drop in hospitality confidence
Business confidence and outlook within the hospitality sector has reportedly plummeted among hospitality traders, according to new research targeting pubs, restaurants, and hotels by accountancy firm, Haysmacintyre. In light of the current economic crisis, the survey revealed that only 19% of operators are optimistic about the industry’s prospects. This figure…
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3 November
Yum Brands digital sales reach £5.3bn in Q3
Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut, revealed its digital sales reached approximately $6bn (£5.3bn), with digital mix exceeding 40%, during the third quarter ended 30 September 2022. The parent company also revealed that its Q3 GAAP operating profit grew by 4%, while its core…
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2 November
Marugame Udon to open in The Kensington Arcade
Marugame Udon has announced it will open a new restaurant at The Kensington Arcade on December 22, after signing a 10-year lease. It is one of the six new restaurants the noodle brand plans to open in the next six months. It will join existing tenants including Pret A Manger,…
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2 November
Boxpark introduces four new food traders
Boxpark is set to introduce four new food traders across its sites in Shoreditch and Croydon, including two brand-new vegan food traders. Vegan Wing Shack, the sister brand to Wing Shack Co, will open in Boxpark Shoreditch this month. Wing Shack was founded in 2017 by three friends, and after…
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2 November
Young’s Pubs unveils two new acquisitions
Young and Co.’s Brewery has announced the acquisition of two new pubs: The Griffin Inn in Fletching and The Carpenter’s Arms in Tonbridge. Both pubs will continue to open seven days a week, serving locals with a menu of seasonal British dishes, along with an “extensive” selection of Young’s and…
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2 November
Sodexo unveils new strategy plan to target growth
Global catering company Sodexo has reportedly laid out its 2025 strategic plan today (2 November) to generate “sustainable, profitable growth” and to create value for its shareholders and its stakeholders. The group reports that its strategy to “refocus and accelerate” is based on three things; to refocus on food services…
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1 November
UKH calls for Liverpool City Council to scrap late night levy
UKHospitality has urged Liverpool City Council to remove its late night levy, warning that continuing to collect the levy alongside additional pressures could lead to closures, discourage new openings and impact on employment in the city. According to the trade body, during the time they have been in operation, levies…
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