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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Mar- 2018 -27 March
UKHospitality launches new sector-wide commission
UKHospitality is launching a sector-wide hospitality workforce commission to promote understanding of the importance and potential of the UK’s hospitality sector. UKHospitality Commission 2030 will bring together a wide range of hospitality employers and All-Party Parliamentary Groups, along with other stakeholders, industry bodies and authorities, to deliver an employment foundation…
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27 March
Easter chocolate launches rise by 23%
There has been a 23% rise in Easter chocolate product launches between March 2017 and February 2018. According to Mintel Global New Products Database (GNPD), Brazil accounted for 11% of global Easter chocolate product launches in 2017. Germany is also host to plenty of Easter chocolate innovation, sharing second place…
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26 March
Easter weekend set to boost sales
Brits are set to spend £80m in pubs, restaurants and bars this Easter weekend. The bank holiday weekend will contribute to a £91m in extra spending across the industry in 2018, according to spending analysis from Liberis. On average, Liberis predicts high street retailers’ card transactions within the food and…
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26 March
Craft beers fail to impress consumers
Consumers feel bombarded by multiple craft launches and unusual flavours, claims new research. According to GlobalData, alcoholic beverage consumers feel that they are overloaded with choice. The news that more than half (57%) of beer and cider consumers in Asia-Pacific (APAC) find new experiences more exciting than new products also…
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26 March
Nationality pay gap rivals gender in hospitality industry
An analysis of pay based on candidates registered in 2017 with luxury hospitality recruiter, The Change Group, revealed significant levels of pay disparity by gender, nationality as well as job function. Across all roles and nationalities, there is a 7.3% gender pay gap across the hospitality sector, which equates to…
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23 March
Prezzo to shut 94 restaurants affecting 500 jobs
Italian restaurant chain Prezzo has signed a deal agreeing to shut 94 of its 300 outlets across the UK. The company approved the company voluntary agreement (CVA) in a shareholder meeting today. The CVA proposal was backed by 88% of the company’s creditors, and will see the outlets close in…
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23 March
Restaurant industry experiencing ‘significant increase in financial distress’
New research has shown that subdued consumer spending and ‘fierce’ promotional activity in the UK’s restaurant industry has contributed to a significant increase in financial distress across the sector over the past year. Experts also warned that some restaurant owners may struggle to afford the commercial rent payments due on…
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23 March
Carluccio’s seeks private equity buyer following profit drop
Italian restaurant chain Carluccio’s is looking for a private equity buyer after appointing advisers KPMG to assess its options. The Financial Times reported that KPMG had approached Wagamama owner Duke Street and Pret a Manger owner Bridgepoint over a possible buyout. It has also sought turnaround specialists and private equity…
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22 March
One fifth of European food and drink launches featured a texture descriptor
Texture has risen to become a central feature in food and drink manufacturing with 20% of food and drink launched in Europe in 2017 having a description. New research from Mintel Global New Products Database (GNPD) shows that texture descriptions have increased from 17% the previous year. Europe featured the…
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22 March
HIT Training launches STAR with CPL
Training providers HIT Training and CPL Training have teamed up to launch a new virtual learning environment, providing on-the-go access to high-quality learning facilities for hospitality apprentices. STAR, which stands for Support Training Assessment Resources, is the first of its kind in the apprenticeship training industry and has been built…
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