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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Sep- 2022 -2 September
The Fulham Shore reports resilient trading despite disruption
The Fulham Shore has revealed its trading remains “resilient and running in line with management expectations” despite train disruption and the rise in the cost of living. As part of its recent AGM, the group said that during the current financial year ending March 2023, the group has opened nine…
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2 September
McKirdy’s Steakhouse brought to market for £450,000
McKirdy’s Steakhouse, located in the Edinburgh city centre, has been brought to market by DM Hall as a result of the owner’s impending retirement. It is inviting offers over £450,000 for the business which is supplied by McKirdy Butchers, which has been active in Edinburgh and East Lothian since 1895.…
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2 September
Deliveroo Q2 growth slows amid increased consumer headwinds
Deliveroo has revealed that its growth slowed in Q2, reporting growth of only 2%, against growth of 12% in Q1, reflecting the impact of increased consumer headwinds. However, Deliveroo said it continues to grow in the current “challenging” market with H1 2022, showing an increase of 12% in revenue to…
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2 September
Starbucks names Laxman Narasimhan as new CEO
Starbucks has announced that Laxman Narasimhan will become the company’s next chief executive officer (CEO) and a member of the Starbucks board of directors, joining as incoming CEO on October 1 2022. Narasimhan will relocate from London to the Seattle area and will work closely with Howard Schultz, interim CEO,…
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1 September
BrewDog to close six sites due to rising costs
BrewDog CEO James Watt has announced it is set to close six of its sites amid rising costs and has called on the government to “get a grip” and provide assistance to the sector. In a LinkedIn post, Watt said that there has been “no prospect of any help” from…
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1 September
Delivery and take-away sales fall 19% in July
Combined sales for delivery and take-away in July 2022 were 19% down on July 2021, when the delivery and takeaway sector was inflated by lingering trading restrictions and consumers’ hesitations about going out, according to the latest data from CGA. It is the ninth month in a row that the…
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1 September
Patisserie Valerie to close nine sites
Patisserie Valerie Group has announced it will close nine patisseries following a review to identify locations in the group’s patisserie estate which have not recovered as well as expected. Consequently, sites in Belfast Donegal Square, Belfast Castle Lane, Belfast Forestside, Victoria Station, Windsor, Dundee, Glasgow Central, Eastbourne and Exeter are…
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1 September
Red Oak Taverns appoints property and acquisitions director
The independent pub company, Red Oak Taverns, has announced the appointment of Graeme Bunn to the role of property and acquisitions director. It is reported that in his new role Bunn will spearhead the group’s pub acquisitions programme aided by the capital raised in the Red Oak’s recent refinancing. He…
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Aug- 2022 -31 August
Sparrow Mayfair appoints executive chef and GM ahead of opening
Sparrow Mayfair announces the appointment of Ivan Simeoli as its executive chef and Miles Butler as its general manager ahead of the new restaurant opening. Simeoli will work alongside the group’s executive chef AJ McCloud on menu development. Simeoli, who was born and raised on the southern Italian coast near…
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31 August
Meatliquor closes Clapham location after less than a year
Meatliquor has announced that it has permanently closed its Clapham location less than a year after its opening. It confirmed the news via its instagram, but gave no reason for the closure. It now leaves the brand with a total of 10 UK-wide restaurants, eight of which are located in…
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