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- 2021 -27 May
Inflation returns to food and non-alcoholic drink prices, CGA reveals
Inflation has started to return to food and non-alcoholic drinks after months of falling prices, according to the latest CGA Prestige Foodservice Price Index. March figures from the Index showed a “firming of prices” year-on-year as lockdowns moved towards loosening and deflationary pressures related to Brexit receded. As hospitality gradually…
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26 May
Revere Pub Company announces new opening in Cheshire
Revere Pub Company – the premium arm of Marston’s – is set to expand its portfolio with the launch of Hartford Hall on School Lane in Northwich, Cheshire next month. The pub has undergone a £500,000 refurbishment and become part of the now 16-strong Revere Pub Company group. Formerly a…
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26 May
Revolution Bar Group raises £21m in bid to reduce debt
Revolution Bars Group has revealed that it has raised £21m through the issuing of new ordinary shares on the London stock exchange in a bid to reduce its debt. Prior to the onset of the Covid-19 pandemic, the group was demonstrating profitable signs. However, due the pandemic and lockdown measures,…
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26 May
Institute of Hospitality appoints new head of membership
The Institute of Hospitality has announced its appointment of Duvall James as its new head of membership. James, previously senior relationship manager at the Institute of Directors (IOD) in London, will start his role with the global trade association on 1 June 2021. He will join the Institute of Hospitality’s…
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26 May
Wingstop invests in UK franchisee
US-based chicken wing restaurant group Wingstop has announced a minority investment into its UK franchisee-owned Lemon Pepper Holdings (LPH). The group claimed that the investment follows the UK’s strong performance, and represents the firm’s confidence in the market as a lever for global expansion. Wingstop made a 100-restaurant sole UK…
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25 May
Hospitality sector ‘facing jobs crisis’ despite rise in vacancies
The hospitality sector is currently “facing a jobs crisis” that threatens to hold back its recovery, according to Paul Newman, head of leisure and hospitality at RSM. In a statement, which comes one week after venues resumed indoor trading, Newman called on the government to consider the “relaxation of visa…
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25 May
The Restaurant Group reveals return to pre-pandemic sales
The Restaurant Group has confirmed a return to pre-pandemic levels of trading since the easing of restrictions across the UK. The owner of Wagamama, Frankie and Benny’s, and Chiquito claimed that “no meaningful ‘like-for-like sales’ comparisons” can be made for the first 20 weeks of FY21. Instead, the group revealed…
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25 May
April delivery and takeaway sales increase fourfold on pre-Covid levels
Delivery and takeaway sales for April 2021 saw a “fourfold” increase from pre-Covid-19 levels, according to the latest CGA Hospitality at Home Tracker. The results showed that combined delivery and takeaway sales were 345% higher than in April 2019, when the sector was fully open for eating out. Sales grew…
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25 May
79% of hospitality sector leaders optimistic about future
Some 79% of managed restaurant, pub and bar sector business leaders feel optimistic about the next year, according to CGA’s latest business confidence survey. This represents the highest confidence level since February 2015, and has risen very sharply from the quarterly survey’s results in October (18%) and February (50%). Furthermore,…
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24 May
Riviera Restaurants and Luxury launches third London site
Riviera Restaurants and Luxury group has launched its third ‘Wine Workshop and Kitchen’ in London. 28°- 50° Wine Workshop and Kitchen Chelsea on King’s Road, London, will serve a European, brasserie-style menu alongside a diverse wine selection, offering both old and new world wines plus a small, unique range from…
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