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 -6 January
Locanda Locatelli closes after 23 years
Locanda Locatelli has announced the closure of its Marylebone Italian restaurant after 23 years. The restaurant owned by husband and wife Giorgio and Plaxy Locatelli was located within the Hyatt Regency London on Seymour Street. A statement on its website said: “With a heavy heart, for reasons out of our…
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6 January
Hospitality Action welcomes latest patron and trustee
The industry charity, Hospitality Action, has welcomed Charlie Hodson, director of Hodson Norfolk, as its newest patron and Helen Milligan-Smith, Aramark UK president and CEO, as a trustee in the new year. Hodson joins the charity as a patron, having demonstrated his commitment to championing the wellbeing of hospitality workers…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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