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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Oct- 2018 -10 October
Patisserie Valerie faces winding up order as £1.14m unpaid tax bill is found
Patisserie Holdings has revealed that high street bakery chain Patisserie Valerie faces a winding up petition after it discovered a £1.14m unpaid tax bill. HMRC has filed the petition against its parent company Stonebeach Limited on 14 September and was later advertised in the legal Gazette on 5 October. However,…
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10 October
Pub and restaurant spend sees ‘strong growth’, according to Barclaycard
Consumer spending in the entertainment sector saw its “strongest growth” since June 2017 due to an increase in expenditure at pubs and restaurants. Spending at pubs increased by 11.5% in September while restaurants enjoyed an increased spend of 9.5%. Entertainment spend – including ticket sales – was recorded as 11.6%…
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10 October
Marston’s adds 15 new pubs as it reports profit rise
Pub chain, Marston’s has announced the acquisition of 15 new former Mitchells & Butlers pubs from Aprirose, a property investment company, along with an annual pre-tax profit of £104m, slightly ahead of last year’s figure of £100.1m. Despite the slight increase on last year, the figure fell below analysts Liberium’s…
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10 October
Roti King to open in London’s Market Halls Victoria
Roti King has announced it is to open a second restaurant in London’s Victoria following its Euston branch. The Malay specialist will open in Victoria’s new Market Halls Victoria development alongside Koya and The Marksman. Kalpana Sugendran Sugendran, Roti King’s owner has been looking for a location for a second…
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10 October
Patisserie Valerie suspends CFO following ‘potential fraud’ discovery
High street bakery Patisserie Valerie has temporarily suspended trading and the company’s chief financial officer following a discovery of “potentially fraudulent” accounts. At 7.30am on 10 October, the company suspended its shares as it awaited clarification on its financial position. Patisserie’s directors were notified of “accounting irregularities” and therefore a…
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9 October
Bars, restaurants and clubs could ‘prevent high street decline’
Some 91% councils in England believe the night time economy will play an important role in “preventing the decline of high street retail”, a survey by Local Government Information Unit (LGiU) and the Portman Group has found. The survey ran for a month between 17 July and 15 August 2018 and…
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9 October
Brewdog launches craft beer bar franchise
Brewdog is to offer shareholders the opportunity to open craft bars under the Brewdog name with a new franchise agreement. Announced by the pub chain in an update today laying out the “blueprint” for the future of the company. Brewdog is to trial the franchise agreement with 10 UK trial…
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9 October
Global Brands posts second year of on-trade growth for flagship brand VK
Independent drinks company Global Brands said it was “bucking industry trends” as it reported a second consecutive year of on-trade growth for its flagship ready to drink (RTD) brand VK. According to CGA data, on-trade value sales of VK have increased by 16% since 2016, while volumes have grown 12%…
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9 October
Latest Pret A Manger allergy victim-link identified
A second Pret A Manger customer who is believed to have died after an allergic reaction after eating a ‘super-veg rainbow flatbread’ at one of the coffee chain’s outlets has been named. Celia Marsh, 42, from Melksham, Wiltshire, died in December shortly after eating the flatbread, and her family said…
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8 October
The Gladwin Brothers to serve ‘UK’s youngest wine’ at its restaurants
London restaurateurs and vineyard owners, The Gladwin Brothers, will become the first to serve the UK’s “youngest and freshest wine” in their restaurants, The Shed, Rabbit and Nutbourne. This is to celebrate what the company claims to be its “best harvest to date” from its West Sussex vineyard, Nutbourne. Made…
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