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.

  • Mar- 2022 -
    14 March
    Hostmore losses narrow as revenues hit £159m

    Hostmore losses narrow as revenues hit £159m

    Hostmore, the parent company of Fridays and the cocktail-led bar and restaurant brand, 63rd+1st has revealed its group loss after tax for the year narrowed to £0.6m, down from £17.3m the previous year. The improvement comes after the group saw revenues for the 53-week period ended 2 January 2022 increase…

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  • 14 March
    Aspirational Brands to open St Martin’s House in Seven Dials 

    Aspirational Brands to open St Martin’s House in Seven Dials 

    Aspirational Brands is set to open St Martin’s House in London on 23 March with an official launch to follow in April. The group has taken over the former Tredwells site in Seven Dials, near Covent Garden, which was previously owned by chef Chantelle Nicholson.  The new restaurant will span…

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  • 14 March
    Restaurant insolvencies rise to 354 in Q4

    Restaurant insolvencies rise to 354 in Q4

    Restaurant insolvencies jumped by a fifth to 354 in the last quarter of 2021, rising from 296 in Q3, according to UHY Hacker Young, the national accountancy group. UHY Hacker Young said “despite the end of coronavirus restrictions, the sector faces considerable challenges”. The invasion of Ukraine and resulting sanctions…

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  • 14 March
    Hospitality managed groups’ sales up 3% in February

    Hospitality managed groups’ sales up 3% in February

    Managed groups’ like-for-like sales in February were 3% higher than in February 2019, according to the Coffer CGA Business Tracker, produced by CGA in partnership with The Coffer Group and RSM. It revealed the lifting of all Covid-19 restrictions helped Britain’s managed restaurant, pub and bar groups to raise sales…

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  • 11 March
    Burger King suspends corporate support to Russia

    Burger King suspends corporate support to Russia

    Burger King has announced it has suspended all of its corporate support for the Russian market in light of the ongoing Ukraine crisis.  This includes support for operations, marketing and supply chain, in addition to refusing approvals for investment and expansion. The chain has no corporate restaurants in Russia, as…

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  • 11 March
    Takeaways taking preference over eating out, research reveals

    Takeaways taking preference over eating out, research reveals

    Diners are continuing to shun eating out in restaurants in favour of home delivery and takeaway meals despite the end of lockdown restrictions, according to new research from hospitality technology company Epos Hybrid. Its research found that in December 2021, takeaway and home delivery orders accounted for 50.73% of all…

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  • 11 March
    Cornish Bakery expands senior leadership team

    Cornish Bakery expands senior leadership team

    Cornish Bakery has expanded its senior leadership team to enable its journey towards growing the business to 100 bakeries.  Founder Steve Grocutt has bolstered both his board and operational teams, headhunting specialists from across the UK, as well as promoting from within the company. Ralf Goad, previously of Risk Capital…

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  • 10 March
    Debut Mexican restaurant from Adriana Cavita to open this May

    Debut Mexican restaurant from Adriana Cavita to open this May

    Mexican chef Adriana Cavita is set to open her debut solo Mexican restaurant on 6 May on Marylebone’s Wigmore Street. The site will serve Cavita’s takes on traditional Mexican dishes that tell a story of her “heritage and the people who taught her the craft of cooking”. The downstairs of…

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  • 10 March
    SHA announces ‘Pathway to Net Positive Hospitality for the Planet’

    SHA announces ‘Pathway to Net Positive Hospitality for the Planet’

    The Sustainable Hospitality Alliance has announced the launch of the “Pathway to Net Positive Hospitality for the Planet”, a guide aimed at helping businesses achieve net positive environmental impact. To achieve this goal, it said the pathway provides a” practical, four-stage guidance framework as a free resource that supports all…

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  • 10 March
    UK public support maintaining 12.5% VAT, UKH says

    UK public support maintaining 12.5% VAT, UKH says

    There is strong support amongst the public for VAT to remain at its current rate of 12.5% beyond April, according to a new study by YouGov commissioned by UKHospitality. Excluding those who didn’t give a view, only 21% believed the Government should stick with its current plan to increase VAT…

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