Restaurants
The latest news and updates on restaurants, 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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Jul- 2022 -25 July
UK restaurant insolvencies surge 64%
UK restaurant insolvencies have jumped 64% year-on-year from 856 in 2020/21 to 1,406, as rising inflation, decreased consumer spending and labour shortages are driving restaurants out of business, according to new data from UHY Hacker Young. There were 431 restaurant insolvencies in the last quarter alone (in the three months…
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22 July
Las Iguanas adds two more sites to growing portfolio
Las Iguanas has announced it has added two more sites to its growing portfolio in Canterbury and Peterborough. The new 284-cover restaurant and bar on Longmarket in Canterbury will be spread over 7,000sq ft. It is set to open to the public in September. The 160-cover restaurant, bar and terrace…
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22 July
Mitchells & Butlers sales slow amid inflationary pressures
Mitchells and Butlers has reported that like-for-like sales have fallen 0.9% in the 42 weeks ended 16 July 2022 (Q3), compared to pre-Covid levels in 2019, dropping from a 3.8% growth in Q2. The company said inflationary cost pressures continue to present a “major” challenge to the business and to…
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22 July
Franco Manca operator Fulham Shore returns to profit
The Fulham Shore plc has reported operating profits of £6.7m, compared with a loss of £4.8m in 2021 and profits before tax of £3.9m compared with a loss of £7.5m in 2021. During the year ended 27 March 2021, it also reported that its revenues increased 105% to £82.7m (2021:…
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21 July
Chopstix continues expansion with Derby site
Chopstix has continued its 2022 expansion plan with its latest site set to open in Derby later this month. The new site on St Peter’s Street is the latest Chopstix store to open under the management of franchisee RTL who already operate five other locations across the UK, with ambitions…
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20 July
Salt Yard opens restaurant at Westfield London
Salt Yard Group, a chain of tapas bars and restaurants, has announced the opening of its new restaurant at Westfield London in Shepherd’s Bush on 21 July. The restaurant is located in the southern terrace of Westfield London. The new site will be the fifth restaurant for the group. Salt…
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20 July
Vinoteca opens Birmingham wine bar
Vinoteca has announced the opening of its new wine bar in Birmingham. The bar encompasses a 150-cover venue with an on-site wine shop, set across 4,500 sq ft. It follows the opening of six Vinotecas throughout London over the past 17 years. It features a drinks list of over 200…
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20 July
Hospitality sales rise 5% in June, but inflation ‘bites’
Britain’s managed restaurant, pub and bar groups saw like-for-like sales in June rise 5% above pre-Covid levels in June 2019, representing the “strongest” month of like-for-like growth since the start of 2022. However, according to CGA’s Tracker, produced in partnership with The Coffer Group and RSM UK, June’s figures are…
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19 July
Frankie & Benny’s refurbs ‘key’ restaurant sites
Frankie and Benny’s has refurbished its “key” restaurant sites across Wembley, Birmingham, and Ashton Moss. The three updated locations have all been revamped with a new “spacious” layout, complete with more booths, allowing additional families and friends to visit the sites. The chain has also introduced new flowing bars across…
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19 July
Quarter of hospitality businesses facing closure due to energy concerns
A quarter of hospitality bosses are considering closure in the next 12 months, according to new research commissioned by digital energy services company, eEnergy. According to the representative poll of 300 UK business owners and senior executives carried out by Censuswide on behalf of eEnergy, over three quarters have considered…
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