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.
-
Jan- 2025 -6 January
Tasty agrees to £2.5m settlement with its insurer
Casual dining group Tasty has agreed a full and final settlement with its insurer for the amount of £2.5m relating to a pre-pandemic insurance claim. In a stock exchange announcement, Tasty detailed that it would receive approximately £1.5m, net of creditor costs and legal costs and the settlement sum is…
Read More » -
3 January
Today’s news in brief – 03/01/25
Boxpark’s turnover for the year to April 2024 dropped marginally to £19.9m, though the food operator said it is “confident” in its ability to secure further sites in 2026 and beyond. The group’s financial performance was impacted by a tougher macroeconomic environment with a drop in beverage sales partially offset…
Read More » -
3 January
Boxpark turnover drops to £19.9m amid ‘confident’ expansion plans
Boxpark’s turnover for the year ended 30 April 2024 dropped marginally to £19.9m, though the food operator said it is “confident” of securing further sites in 2026 and beyond. The group’s financial performance was impacted by a tougher macroeconomic environment with a drop in beverage sales partially offset by an…
Read More » -
3 January
Wasabi eyes expansion amid return to profit
Wasabi has revealed that it posted a profit of £21.9m for the year ended 31 December 2023. The company stated that this was down to a “solid performance” which improved profitability as it balanced inflationary pressure with value for money for customers. As a result of this, the company stated…
Read More » -
3 January
Hospitality sales rise 2.7% in run-up to Xmas
Hospitality groups recorded year-on-year sales growth of 2.7% in the run-up to Christmas during the week beginning 16 December, according to CGA by NIQ’s Hospitality Business Tracker. It comes as year-on-year sales failed to meet inflation in six out of the past 11 months, which left operators to balance fine…
Read More » -
3 January
CH&CO CEO recognised in His Majesty The King’s New Year Honours List
CEO of catering firm CH&CO, Bill Toner, has been awarded an MBE for services to the Hospitality Sector in His Majesty The King’s New Year Honours List 2025. Toner has been awarded an MBE in recognition of his “illustrious” career and his “outstanding” contribution to the hospitality industry. From his…
Read More » -
2 January
Today’s news in brief – 02/01/25
Pizza Hut’s UK operator is “in advanced talks” with potential bidders to wrap up a deal to secure its futures, according to Sky News. Heart With Smart (HWS), Pizza Hut’s biggest UK franchisee, which operates roughly 140 Pizza Hut dine-in restaurants, is expecting to select a preferred bidder in January.…
Read More » -
2 January
Eataly sees losses reach £5m
Italian food hall and market Eataly has seen its pre-tax losses rise to £5m for the year ended 31 December 2023, compared with a loss of £1.29m in 2022. The company stated that its sales and margins increased, and labour cost decreased from the previous year, however energy prices had…
Read More » -
2 January
More than 34 pubs a month stopped trading in 2024, data finds
The number of pubs that stopped trading permanently across England and Wales rose by 6.7% on 2023 levels, with more than 34 a month calling last orders for the final time in 2024, according to analysis of official government data by Altus Group. The commercial real estate adviser found that…
Read More » -
2 January
Star Pubs to invest £60k in Six Nations support for pubs
Star Pubs has announced it will invest over £60,000 in Six Nations 2025 Championship rugby pub support. Following unprecedented demand for its Six Nations 2024 Championship rugby materials, the £60,000 will be the group’s biggest ever package of free support and will include 1,400 promotional kits, staff training and a…
Read More »
