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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Jan- 2025 -14 January
Pizza Hut’s UK franchisee nears rescue deal
Pizza Hut’s biggest UK franchisee, Directional Capital, is reportedly close to finalising a rescue deal later this week, according to Sky News. Directional Capital, which already controls a majority of Pizza Hut’s dine-in operations in Denmark and Sweden, would save the jobs of some 3,000 employees and acquire about 140…
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14 January
Azzurri Group reduces GHG emissions by 7% in 2024
Azzurri Group, investor in businesses such as ASK Italian, Zizzi and Coco Di Mama, has revealed that it has reduced its GHG emissions by 7% in 2024. During FY24, the company delivered a strong financial performance, opening additional restaurants, expanding retail offerings and growing its portfolio with Boojum, Dave’s Hot…
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14 January
Comptoir sees revenues rise 9.5% to £34.5m
Comptoir Group, the owner and operator of Lebanese, Middle Eastern and North African inspired restaurants has reported a 9.5% increase in revenues to £34.5m for FY24 (FY23: £31.5m). The group’s restaurant sales also recorded a positive increase, with like for like sales in the second half year of +2.9% and…
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13 January
Today’s news in brief – 13/01/25
Arc Inspirations has reported a “record” sales rise of 10.8% for December 2024, with the help of three new flagship openings. The bar group saw total sales hit £2m, with average weekly sales across its 19 venues peaking at a “record” £106k of revenue per site. The three new venues…
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13 January
Hospitality accounted for 10% of UK administrations in 2024
The hospitality industry accounted for 10% of administrations in 2024 – the fourth highest sector in the UK – according to analysis by full-service law firm Shakespeare Martineau. A total of 1,718 businesses, 172 of which came from the hospitality sector, filed for administration – marking a 28% and 5%…
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13 January
Three Chimneys appoints new head chef
The Three Chimneys on the Isle of Skye has appointed Paul Green as its new head chef to lead its kitchen teams. Green has over 20 years’ international experience under the mentorship of some of the UK’s most acclaimed chefs, including Simon Rogan, Michael Smith, Martin Wishart and Adam Reid.…
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13 January
Consumer confidence rebounds as dining out surges in November
Consumer confidence recovers as 75% of people have gone out to eat in November 2024, CGA by NIQ’s latest On Premise Consumer Pulse Report revealed. The research, which provides suppliers and operators with insights into consumers’ latest habits and priorities, indicates that 92% visited the On Premise in November, up by…
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13 January
Various Eateries appoints new CEO
Various Eateries, the owner, developer and operator of restaurant, clubhouse and hotel sites, has announced the appointment of Mark Loughborough as chief executive officer, effective 20 January 2025. Loughborough brings over 30 years of experience in the hospitality industry, including most recently 14 years at Young & Co Brewery PLC,…
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13 January
Arc Inspirations sales rise record 10.8% in December
Bar group Arc Inspirations has reported a “record” sales rise of 10.8% for the five-week period to the end of December 2024, with the help of three new flagship openings. The operator of Banyan, BOX, and Manahatta saw total sales hit £2m, with average weekly sales across its 19 venues…
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10 January
Today’s news in brief – 10/01/25
The Alchemist has seen its total FY sales surpass £60m for the first time. The bar and restaurant chain ended the year to 31 March 2024 with net assets of £9,930k and cash of £2,956k, while profits after tax amounted to £113k, compared to £2,586k a year prior. However, as…
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