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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Aug- 2022 -19 August
Just Eat sells its stake in iFood
Just Eat has entered into a definitive agreement to sell its equity stake of approximately 33% in the iFood joint venture to Prosus N.V. in return for a cash consideration totalling up to €1.8bn (£1.5bn). The news comes as the takeaway delivery company entered into an agreement with MIH Movile…
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18 August
Hospitality numbers ‘stable’ in Q2 but costs crisis threatens recovery
The number of licensed premises was just under 106,000 at the end of June 2022, almost exactly the same number as in both June 2021 and March 2022, according to the latest Market Recovery Monitor from CGA by NielsenIQ and AlixPartners. The CGA’s research recorded nearly 1,000 closures over the…
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18 August
New hospitality award launched aimed at providing career progression
A new hospitality award has been launched by the National Hospitality Academy, The Professional Hospitality Award. It is an accredited award issued by Laser Learning Awards, an awarding organisation approved by Ofqual, QAA and SIA. The award has been created to recognise competence in the hospitality sector for people in…
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18 August
Eddy’s Food Station opens its third site
Eddy’s Food Station has announced the opening of its third location today in Larbert, Scotland. This follows its Alloa store which opened just a few months ago, and the Greenock store last week (9 August). The newest venture from Stephen Thompson, former CEO and co-founder of Morning, Noon and Night,…
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18 August
The Franklin London appoints new head chef
Five-star hotel, The Franklin London in Knightsbridge, has announced the appointment of Claudio Covino as head chef of the hotel’s fine dining Italian restaurant, The Franklin Restaurant by Alfredo Russo. Covino brings over 25 years of industry experience and a wealth of knowledge to the role. He will be responsible…
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18 August
Coppa Club unveils Bath Townhouse opening
Coppa Club announced it has opened a new site, The Bath Townhouse, marking the brand’s 11th location and second property in the South-West of England. The Bath Townhouse comprises a bi-level concept, comprising two separate floors. The ground floor hosts the main restaurant, bar and café space, and the second…
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17 August
Wilson Vale announces Social Enterprise partnership
National contract caterer Wilson Vale has announced its Social Enterprise UK (SEUK) partnership, confirming its goal to partner with businesses that put at least half of their profits into social or environmental projects. Wilson Vale’s ESG report on their commitments and progress – The Full Works, includes social responsibility actions…
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17 August
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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17 August
Nightcap agrees £10m debt refinancing facility
Nightcap plc has agreed a £10m debt refinancing facility with HSBC UK as the owner of the Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars continues its expansion. Nightcap is using the bank’s support to consolidate existing debt facilities worth £5.5m across 34 sites, three…
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17 August
Hostmore appoints non-executive director
Hostmore plc, the hospitality business with brands including Fridays, 63rd+1st, and Fridays and Go, announced the appointment of Stephen Welker to the company’s board as a non-executive director, effective as of this week. It is reported that Welker brings a wealth of experience both from investment companies and the hospitality…
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