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.
-
Sep- 2018 -3 September
GBK ‘appoints restructuring advisors’ prompting CVA suspicions
Burger chain Gourmet Burger Kitchen (GBK) has reported appointed restructuring advisors Deloitte leading to suspicions that the company could be set to enter a company voluntary arrangement (CVA). According to The Times, Deloitte is seeking rent reductions and site closures for the chain which recently reported a loss of £2.24m…
Read More » -
3 September
Mille Patisserie to open Paddington site
Mille Patisserie has announced it is to open a new Paddington site this month offering the mille crepes made famous in London by Kova Patisserie. The mille crepe consists of layers of crepe and creme patisserie stacked together to form a cake. Ingredients for the company’s chocolate, lemon, matcha, and…
Read More » -
3 September
Buzzworks acquires second venue in east Scotland
Scottish hospitality business, Buzzworks Holdings, has confirmed the purchase of The Bridge Inn in Linlithgow making it its second property in the east of Scotland. Buzzworks is set to launch its first venture in the east of Scotland when Scotts bar and restaurant at Port Edgar Marina, South Queensferry opens…
Read More » -
3 September
Sarnia Hotel Group invests £1m in Guernsey bar
Sarnia Hotel Group has announced it has completed a £1m refurbishment of its Guernsey bar, JB Parker’s Bar & Cellar, located at Moores Best Western Hotel. The refurbishment comes after the company invested £1.5m in its Copenhagen Restaurant, located at Les Rocquettes Hotel. The project, which took six months to…
Read More » -
Aug- 2018 -31 August
Frankie and Benny’s owner The Restaurant Group reports drop in sales
The Restaurant Group, owner of American chain Frankie and Benny’s, has reported a number of losses in its half year financial results. Its EBITDA suffered a decline of 14%, down to £38.1m from last year’s £44.3m. Its like-for-like sales fell by 3.7% for the 26-week period, while total revenue fell…
Read More » -
31 August
Pachamama to open in Shoreditch
Modern Peruvian restaurant Pachamama is set to open its second restaurant in Shoreditch four years after opening its first in Marylebone. Pachamama East will open at 73 Eastern Street where it will offer its signature modern take on traditional Peruvian dishes. When first opening in 2014 the restaurant said it…
Read More » -
31 August
Abba restaurant to open at O2 Arena after defeat at Waterloo
An Abba themed restaurant led by band member Bjorn Ulvaeus is set to open at the O2 Arena. The restaurant was originally set to open in Waterloo, however protesting residents ensured it abandoned its plans in the area. Mamma Mia! The Party, is set to open its 500-cover restaurant in…
Read More » -
31 August
Brexit will force hospitality businesses to embrace the ‘now economy’
Brexit, coupled with a weaker pound, will push UK businesses to embrace the ‘now economy’ and use technology to plug staffing gaps with temporary workers, digital recruitment platform Adia has said. The group’s new white paper – Future of Flexible Work – Recruiting in the ‘now economy’ – says that…
Read More » -
31 August
New World Trading Company secures £5.6m investment
Bar and restaurant group, The New World Trading Company (NWTC), which operates 22 venues across the UK, has secured a £5.6m investment from NatWest, to help fund its roll-out programme. The group which operates 22 venues across the UK has expanded with seven further openings since its last funding round…
Read More » -
31 August
Coca-Cola to acquire Costa Coffee from Whitbread for £3.9bn
Coca-Cola is to buy the coffee chain Costa from Whitbread in a £3.9bn deal. Whitbread, which acquired the brand in 1995 for £19m when it had only 39 outlets, had intended to spin off the chain as a separate business but the transaction was unanimously agreed by the Whitbread board…
Read More »
