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 -26 July
Henrique Sá Pessoa to open new restaurant at BPS
Henrique Sá Pessoa is set to open Joia, an Iberian restaurant and bar at the new art’otel London Battersea Power Station later this year. The new skyline destination restaurant and bar will span over the top floors of the hotel and will also feature a rooftop bar with infinity pool…
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25 July
The Ivy Asia to open in St David’s Cardiff
The Ivy Asia is set to open a new site at St David’s shopping centre in Cardiff after agreeing a deal with Landsec. The Asian-inspired concept is a first for the brand in Wales, and will launch later this summer on The Hayes, next to its sister restaurant The Ivy,…
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25 July
91 M&A deals delivered in hospitality sector in last year
Some 91 merger and acquisition deals were delivered during the year up to June 30 2022 in the hospitality sector, of which 77% were completed by UK buyers, according to Shaw and Co. The corporate advisory firm has launched its second annual in-depth report into the Food and Drink sector.…
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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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