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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Mar- 2022 -17 March
Big Table Group launches Rouge concept in Birmingham
The Big Table Group has launched ‘Rouge’, a new concept restaurant in the Bullring, Birmingham, after a £250,000 refurbishment. The newly renovated restaurant is the second site nationwide, and first in the Midlands, to trial a refreshed design concept and French-inspired menu options. Located on the upper level of the…
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16 March
UK food to go market to grow to a value of £21.3bn in 2022
The UK food to go market is forecast to grow by +31.8% in 2022, to a value of £21.3bn, according to the new Lumina Intelligence UK Food To Go Market Report 2022. The report revealed this will see the market fully recover to and exceed its 2019 pre-pandemic market value…
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16 March
Wagamama owner reports strong sales in FY results
The Restaurant Group (TRG) has announced that its total sales hit £636.6m in the year ended 2 January 2022, marking an improvement from the £459.8m reported in FY20. Meanwhile, its adjusted EBITDA totalled £81.2m on a pre IFRS 16 basis, up from £8.7m in 2020, while profit before tax was…
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16 March
UKH welcome ‘positive news’ from ONS figures, but warn industry ‘remains fragile’
UKH has said the latest figures from ONS are “positive news” for the industry, after it reported that jobs in the hospitality sector are up 252,000 in the last 12 months, and unemployment has dropped to 4%, below pre-pandemic levels. However, it warned that the sector “remains fragile”, and renewed…
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15 March
Acquisitions drive Nightcap revenues to surge 700%
Nightcap has reported a 700% increase in revenues to £15.8m during the 26-week period ended 26 December 2021 boosted by a series of acquisitions. The group also revealed like-for-like revenues increased 22.4% compared with the same period in 2019. Excluding the ‘Plan B’ period, group revenue increased by 28.3% on…
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15 March
Lu Ban wins ‘best restaurant in Liverpool’ award
Lu Ban Liverpool has been crowned the city’s best restaurant at the 2021 Liverpool City Region Tourism awards. The Chinese restaurant, based in Liverpool’s Baltic Triangle, also won the Resilience and Innovation award. On being named the best restaurant in Liverpool, Lu Ban executive head chef Dave Critchley said: “This…
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14 March
Hostmore losses narrow as revenues hit £159m
Hostmore, the parent company of Fridays and the cocktail-led bar and restaurant brand, 63rd+1st has revealed its group loss after tax for the year narrowed to £0.6m, down from £17.3m the previous year. The improvement comes after the group saw revenues for the 53-week period ended 2 January 2022 increase…
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14 March
Aspirational Brands to open St Martin’s House in Seven Dials
Aspirational Brands is set to open St Martin’s House in London on 23 March with an official launch to follow in April. The group has taken over the former Tredwells site in Seven Dials, near Covent Garden, which was previously owned by chef Chantelle Nicholson. The new restaurant will span…
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14 March
Restaurant insolvencies rise to 354 in Q4
Restaurant insolvencies jumped by a fifth to 354 in the last quarter of 2021, rising from 296 in Q3, according to UHY Hacker Young, the national accountancy group. UHY Hacker Young said “despite the end of coronavirus restrictions, the sector faces considerable challenges”. The invasion of Ukraine and resulting sanctions…
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11 March
Burger King suspends corporate support to Russia
Burger King has announced it has suspended all of its corporate support for the Russian market in light of the ongoing Ukraine crisis. This includes support for operations, marketing and supply chain, in addition to refusing approvals for investment and expansion. The chain has no corporate restaurants in Russia, as…
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