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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May- 2022 -25 May
Food and drink sales in major cities return to growth
Restaurants, pubs and bars in Britain’s major city centres are achieving solid growth in sales from pre-Covid levels, according to new research from CGA and Wireless Social shows. The joint ‘Top Cities’ report combines CGA’s sales data with device log-in data from Wireless Social, to provide a ‘vibrancy’ ranking of…
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25 May
EG Group revenues hit £5bn as foodservice profits surge 54%
The EG Group has reported that its revenues surged 25.1% year-on-year from $5.52bn (£4.4bn) to $6.91bn (£5.5bn) in the three months ending 21 March 2022 (Q1), driven by growth in its foodservice business. Foodservice operations saw a 54% rise in gross profits to $175m (£139.7m), compared to $114m (£91m) in…
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24 May
Jamaica Blue launches first Northern Irish store
Jamaica Blue has opened its first casual dining coffee shop in Ireland at the Forestside shopping centre, Belfast, as part of the coffee chain’s UK wide expansion. The new site has seen the business invest £350,000 in fit out costs, and it will employ up to 15 people as part…
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24 May
Tortilla acquires Chilango in £2.75m deal
Tortilla, the fast-casual Mexican restaurant group, has announced the acquisition of Chilango Limited for a total consideration of up to £2.75m from investment firm RDCP Group Ltd. Chilango is a fast-casual restaurant chain specialising in Mexican food including burritos, salads and tacos. The business operates from an estate of eight…
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24 May
Compass Group names chief climate and sustainability advisor
Compass Group UK and Ireland has announced the appointment of Charles Godfray as chief climate and sustainability advisor to its executive team. In the role he will shape the organisation’s commitment of reaching climate net zero by 2030. Godfray is a population biologist with interests in the environmental sciences and…
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24 May
SSP revenues surge 212.9% as travel rebounds
The SSP Group has reported its revenues surged 212.9% year-on-year to £803.2m for the six month period ended 31 March 2022 (H2), recovering “strongly” with 64% growth compared to pre-Covid levels as the travel sector rebounds. SSP operates brands such as Upper Crust and Ritazza, as well as franchises for…
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23 May
J&S takes on fifth Star Pubs site
The North Yorkshire multiple operator, J&S Pub Company, has taken on its fifth Star Pubs and Bars site, Mist Bar and Lounge in Scarborough, taking its pub estate to a total of seven. The company has also completed a £205k joint refurbishment with Star Pubs, transforming the high street pub…
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23 May
Drinks sales continue to rise for fourth week in a row
A warm Saturday helped Britain’s On Premise to end the week’s drinks sales just ahead of pre-COVID-19 comparatives, according to CGA’s latest Drinks Recovery Tracker. Average sales by value in managed pubs, bars and restaurants in the seven days to (14 May) were 1% up on the same week three…
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23 May
McDonald’s to sell Russian arm to local businessman
McDonald’s has announced it has initiated a process to sell its Russian business, having entered into a sale and purchase agreement with its existing licensee, Alexander Govor. Last week (16 May), Mcdonald’s announced that it will exit the Russian market after more than 30 years of operations in the country.…
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23 May
UKH: hospitality the ‘solution’ to gov’s levelling up policy
UKHospitality has released a new report, Level up hospitality – level up society, which aims to “highlight how the sector is positioned to deliver growth and opportunity across the country and play its part in generating jobs and economic growth”. The report identifies the six areas in which the UKH…
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