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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Sep- 2020 -29 September
Greggs warns of job cuts amid financial uncertainty
Greggs has warned of possible job cuts amid ongoing uncertainty in its third quarter results, despite noting that activity levels have increased as it came into September. While in September like-for-like sales improved to 76.1% of 2019 levels in the four weeks to 26 September 2020, business activity levels still…
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29 September
Harwood Arms becomes first Michelin star site to offer vegan meat
The Harwood Arms has partnered with plant-based meat company THIS to become the UK’s first Michelin star restaurant to offer vegan meat on its menu. The menu at the London gastropub will now feature the “meat-free Glamorgan scotch egg”, using THIS plant-based bacon to “mimic the taste, texture and appearance”…
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29 September
Government enforces music ban on pubs
Loud music, singing and dancing have all been banned under new emergency Covid-19 laws. Under the new legislation, pubs and restaurants are not allowed to play music which exceeds 85 decibels. These new measures state landlords and venue owners must take ‘‘all reasonable measures’’ to stop singing and dancing by…
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28 September
Partners Group acquires Côte Restaurants
Côte Restaurants has been acquired by global private markets investment manager Partners Group. It comes as the group said that coronavirus has had a “huge impact” on the business, despite “trading well” before lockdown, with “record” sales and strong EBITDA growth in the last financial year. Partners Group said it…
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28 September
Gusto CVA approved, 600 jobs saved
Italian restaurant chain Gusto is to go ahead with its CVA plans, which it said secures the future of the business and more than 600 jobs. Amid the “most challenging trading conditions seen for the casual dining sector in a generation”, the firm said the CVA was “overwhelmingly” supported by…
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28 September
Revolution Bars eyes CVA
Revolution Bars Group has announced it is considering a CVA after the company admitted it is “exacerbated “ by the further COVID-19 related restrictions announced by the Government last week. In a statement the board of Revolution confirmed that it “has been working with advisers to assess various strategic options for…
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28 September
Hospitality sector faces potential fortnight lockdown
Ministers are considering proposals to enforce new ‘social lockdown’ measures in the coming days across ‘areas of concern’ in the UK. According to The Times, the emergency measures would force restaurants, pubs and bars to close completely for two weeks, in an effort to regain control over a “spiralling second…
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28 September
15,000 new riders to join Deliveroo, as food delivery demand rises
Deliveroo has announced plans to increase the number of its riders by 15,000 by the end of the year, in order to meet food delivery demand. The UK food delivery company has already started to work alongside 15,000 new riders during the pandemic, marking a year-on-year rise of 286%. The…
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25 September
Star Pubs and Bars re-opens Dundee pub after four year closure
A local Dundee pub has re-opened its doors following a four-year closure and a £630,000 investment from Star Pubs and Bars. Previously called the Mercantile pub, the bar has been renamed The Barrelman and has undergone a £630,000 refurbishment by Heineken-owned company and its new licensees Tommy and Jacqueline Fox. …
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25 September
Various Eateries raises £25m in AIM listing
Various Eateries has confirmed it has raised £25m by way of a placing of 34,246,576 new Ordinary Shares with institutional and other investors at a price of 73p per Ordinary Share, during its first day of trading on the AIM market of the London Stock Exchange. Various Eateries said its…
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