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 -4 November
New Mediterranean restaurant Cavo to open in December
New Mediterranean restaurant concept Cavo will open its doors in Central London this winter, in the new Tottenham Court Road Station development The Outernet. Following the launch of hospitality concepts in Greece and Spain, London is the next destination for founder Ivo Dimitrov who has set his sights on the…
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4 November
Las Iguanas to launch in Peterborough
Las Iguanas has announced it will officially launch in Peterborough on 14 November, following a transformation of the new Church Street site. The new restaurant and cocktail bar will create over 30 jobs in the city, and it will have an outdoor terrace which will provide more seating. The site…
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4 November
Cooks Coffee appoints new non-executive director
International “coffee-focused” café chain, Cooks Coffee, has announced the appointment of Elena Garside to the role of non-executive director effective immediately. Garside, who is based in the UK, is said to have “significant” experience in financial and ESG communications with a focus on advising on current and emerging trends within…
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3 November
BoE raises interest rates to 3%
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it warned that the UK is set to face its longest recession since records began. At its meeting ending on 2 November 2022, the Bank’s MPC voted by a majority of…
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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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