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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Mar- 2021 -1 March
Chancellor to unveil £5bn support package
Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as part of a £5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new ‘Restart Grants’ will be directly distributed from local authorities from April…
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1 March
Wimpy profits surge to almost £1m
Wimpy Restaurants Group, owner of the Wimpy burger chain, has reported a rise in profits to almost £1m for the year ended 29 February 2020. Climbing from £716,319 to £990,663, the firm’s profits for the year represented a year-on-year increase of 38%. While the group’s revenue for the period did…
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Feb- 2021 -26 February
Yo Sushi appoints new chair
Yo Sushi has announced that John Walden has joined the group as its new chairman. It comes as present chairman Eric Nicoli is stepping down to pursue other interests, having joined the group in 2015 following the acquisition of the company by Mayfair Private Equity. According to the group, he…
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26 February
Deliveroo partners with Costa Coffee as growth plans for 2021 continue
Deliveroo has announced a new delivery partnership with Costa Coffee, which will see customers able to order goods from the chain via the Deliveroo app. The service will be available across 500 of Costa Coffee’s stores in England, Scotland and Wales and will launch 1 March. It comes as part…
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26 February
Over 200 hospitality leaders plead for emergency support
More than 200 industry leaders and trade bodies representing the UK’s hospitality and pub sectors have warned the Government that, unless a “substantial package of support” is announced at the Budget, nearly two thirds of businesses may not be able to make it to the end of lockdown. UKHospitality, the…
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26 February
Various Eateries FY20 revenues fall 36%
Restaurant group Various Eateries has reported revenues for the year ended 27 September 2020 of £16.5m, a year-on-year decline of 36%. The group also revealed that it swung to an EBITDA loss before exceptional costs of £1.7m, down from profits of £817,000 in 2019. While Various Eateries partly attributed its…
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25 February
Bad Vegan to open first site at Buck Street Market
Plant-based restaurant Bad Vegan is to open its first-ever site at Buck Street Market, the “UK’s first eco-conscious consumer market”. The brand said Bad Vegan was born from a lockdown conversation between experienced brand creator Mark Emms and chef Tom Kerridge, who have since co-founded the business. The new food…
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25 February
Mowgli to open new Cheltenham site
Mowgli, an Indian restaurant group, has announced its intentions to expand its portfolio with the opening of a Cheltenham site this summer. The establishment will represent Mowgli’s 12th restaurant and will reportedly create over 30 jobs. Founded in 2014, Mowgli now operates over a number of sites across the UK,…
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25 February
Chester Pub manager found guilty of watering down spirits
A pub in West Chester and its manager faces a £2,454 fine after the manager was found to be watering down the alcohol it served to customers. Jia Tong Chen, manager of the Dunham Arms on Chester Road, Dunham on the Hill, pleaded guilty to nine offences in respect of…
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25 February
Hospitality leaders ‘optimistic’ of long-term future, CGA finds
Hospitality leaders are reportedly optimistic about the long-term future of the sector, though “urgent” support is still required to help them navigate reopening, according to the CGA Business Leaders’ Survey 2021. The survey, which was conducted in collaboration with UKHospitality, British Beer and Pub Association and the British Institute of…
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