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- 2024 -9 October
Today’s news in brief – 09/10/24
Loungers’ total revenues rose 19.2% to £178.3m during H1, as it opened a total of 17 new locations. It comes as Loungers’ like-for-like sales rose by 4.7% over the period. According to the operator of brands Lounge, Cosy Club and Brightside, its performance during H1 demonstrates its ability to “consistently…
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9 October
Arc Inspirations to bring Box to Sheffield
Arc Inspirations has announced that it is set to open its sports bar and kitchen brand Box in Sheffield in November. Located near Sheffield City Hall the new venue is part of the ‘Heart of the City’ redevelopment project bringing an investment of £2.7m that will create 55 new jobs.…
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9 October
Loungers H1 revenues rise 19.2% to £178.3m
Loungers has reported that total revenues rose 19.2% to £178.3m for the 24-week period to 6 October, as it opened a total of 17 new locations. It comes as Loungers’ like-for-like sales rose by 4.7% over the period, representing a continuation of the like-for-like sales growth of 5% that was…
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9 October
Marston’s sales increase 5.8% in FY24
Marston’s total retail sales increased 5.8% according to its preliminary results for the 52 weeks to 28 September 2024. The UK operator of 1,339 pubs said it also saw its like-for-like sales increase 4.8%, outperforming the broader market. The group said that both food and drink have shown “good momentum”…
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9 October
Compass Group UK&I generates £2bn of Social Value in three years
Compass Group UK and Ireland has generated £2.14bn in Social and Local Economic Value since 2021, measured and validated by Social Value Portal. In 2023 a Social and Local Economic Value of £838.1m was achieved (an increase of 42% from £591m in 2021) as a result of the company employing…
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8 October
Today’s news in brief – 08/10/24
TGI Fridays has been acquired by D&D London owners Breal Capital and Calveton UK for an undisclosed sum. The sale, which is based on 51 restaurants, should secure the future of some 2,000 jobs across those sites. Breal Capital and Calveton are also hopeful that they may be able to…
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8 October
Mildreds Soho announces reopening
London’s vegan restaurant Mildreds has announced its anticipated reopening after a major renovation. The vegan restaurant closed two months ago to completely refurbish the Grade II listed heritage building on Lexington Street, Soho. The new design of the Mildreds townhouse has created more space as well as a second floor…
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8 October
D&D London owners complete TGIF acquisition
TGI Fridays has been acquired by D&D London owners Breal Capital and Calveton UK through its acquisition vehicle Liberty Bar and Restaurant Group Limited for an undisclosed sum. The sale, which is based on 51 restaurants, should secure the future of more than 2,000 jobs across those restaurants. Breal Capital…
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8 October
Admiral Taverns unveils Travellers Rest refurb
Admiral Taverns has reopened The Travellers Rest in Stoke-on-Trent following a £196,000 refurbishment. Inside, the pub has received a full refurbishment including updates to both the bar and lounge area complete with a new dartboard and four televisions. Outside, the pub hosts a garden complete with a brand new, 65-inch…
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8 October
Epiris acquires Amber Taverns
Epiris has announced that Epiris Fund III has agreed to acquire pub operator Amber Taverns for an undisclosed sum. The acquisition is Epiris Fund III’s fifth investment, following Delinian, LoneStar, Pure Cremation and GSF Car Parts. Amber Taverns operates 178 freehold, wet-led pubs, predominantly in the North of England, the…
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