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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Jul- 2022 -26 July
Henrique Sá Pessoa to open new restaurant at BPS
Henrique Sá Pessoa is set to open Joia, an Iberian restaurant and bar at the new art’otel London Battersea Power Station later this year. The new skyline destination restaurant and bar will span over the top floors of the hotel and will also feature a rooftop bar with infinity pool…
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26 July
Compass Group raises forecast amid post-pandemic recovery
The Compass Group has increased its FY22 organic revenue growth guidance from 30% to 35%, due to a “significant acceleration” in growth and ongoing recovery of its base business. The announcement comes as the company reported that its revenues for the third quarter ended 30 June 2022 (Q3) were at…
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26 July
Agellus Hotels appoints new director
Agellus Hotels has announced the appointment of chef patron, Lee Bye, to the family-owned hospitality group’s board of directors. Bye reportedly worked his way through the Tuddenham Mill kitchen to become head chef in 2014 and has been recognised in the high achievers under the age of 30 working in…
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25 July
The Ivy Asia to open in St David’s Cardiff
The Ivy Asia is set to open a new site at St David’s shopping centre in Cardiff after agreeing a deal with Landsec. The Asian-inspired concept is a first for the brand in Wales, and will launch later this summer on The Hayes, next to its sister restaurant The Ivy,…
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25 July
The White Cross named Great Pub Awards finalist
The White Cross in Lancaster has been shortlisted as a finalist in the ‘Best Young Pub Chef’ and ‘Pub of the Year Award’ at the Great British Pub Awards 2022. The White Cross is set within a refurbished cotton mill warehouse, which was transformed into a pub in the early…
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25 July
91 M&A deals delivered in hospitality sector in last year
Some 91 merger and acquisition deals were delivered during the year up to June 30 2022 in the hospitality sector, of which 77% were completed by UK buyers, according to Shaw and Co. The corporate advisory firm has launched its second annual in-depth report into the Food and Drink sector.…
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25 July
UK restaurant insolvencies surge 64%
UK restaurant insolvencies have jumped 64% year-on-year from 856 in 2020/21 to 1,406, as rising inflation, decreased consumer spending and labour shortages are driving restaurants out of business, according to new data from UHY Hacker Young. There were 431 restaurant insolvencies in the last quarter alone (in the three months…
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22 July
Las Iguanas adds two more sites to growing portfolio
Las Iguanas has announced it has added two more sites to its growing portfolio in Canterbury and Peterborough. The new 284-cover restaurant and bar on Longmarket in Canterbury will be spread over 7,000sq ft. It is set to open to the public in September. The 160-cover restaurant, bar and terrace…
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22 July
RedCat Pub Company acquires two new sites
RedCat Pub Company, an investment vehicle founded to invest in the UK pub sector, has announced its acquisition of The Meynell Ingram Arms and The Cock Inn Mugginton from Berkeley Inns Limited. The Meynell Ingram Arms Hotel was re-opened by Berkeley Inns in 2019. This historic Staffordshire pub was closed…
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22 July
Mitchells & Butlers sales slow amid inflationary pressures
Mitchells and Butlers has reported that like-for-like sales have fallen 0.9% in the 42 weeks ended 16 July 2022 (Q3), compared to pre-Covid levels in 2019, dropping from a 3.8% growth in Q2. The company said inflationary cost pressures continue to present a “major” challenge to the business and to…
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