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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Jan- 2022 -24 January
Hell Yeah Hospitality announces four new openings
Hell Yeah Hospitality Group, which operates three hospitality brand concepts; Pizza Punks, Mamasan and Veganizza, is set to double the number of its Pizza Punks restaurants in the UK in 2022 with four new openings. Furthermore, it has announced the appointment of Gordon Fraser as the groups financial director. He…
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21 January
Restaurant Group upgrades FY21 outlook despite Omicron
The Restaurant Group has announced that despite the impact of Omicron in December, it has upgraded its FY21 expectations following a market “outperformance”, and now expects its EBITDA to be at the top end of its previous guidance of £73m – £79m. In addition, FY21 year-end net debt is now…
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20 January
Modest growth seen in new site openings during Q4
Britain’s hospitality sector witnessed “modest” growth in the last quarter of 2021, with a 1.6% increase in site numbers between September and December 2021, marking the first quarter-on-quarter growth for more than five years. According to the new Market Recovery Monitor from CGA and AlixPartners, there was a particularly encouraging…
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19 January
New community-focused grocery concept to launch in Camberwell
A new one stop grocery store, deli, wine vault and cafe is set to open in Camberwell later this year. Gladwell’s is a collaboration between childhood friends and South London local operators James Dye (Camberwell Arms, Frank’s Café and Mike’s) and Stanley Allen (Greensmiths and Peckham Springs). Nestled inside a…
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19 January
Managed groups sales dip 11% in December
Britain’s managed restaurant, pub and bar sector suffered a double-digit drop in sales from pre-pandemic levels in December, following the widespread cancellations of Christmas celebrations, according to the latest Coffer CGA Business Tracker. The research found that total sales in the month were down by 11% on December 2019, following…
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18 January
Temper to launch fourth site in Shoreditch
Open fire barbecue restaurant, Temper, has announced that the group will launch a fourth site to open this summer on Great Eastern Street. The new site will be split over two floors and adds to its current sites in Soho, Covent Garden and the City. Led by MD Sam Lee,…
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17 January
Fridays owner ups guidance following positive December trading
Hostmore, the owner of casual dining brand Fridays, and the cocktail-led bar and restaurant brand 63rd+1st, has said it expects full-year revenue to be ahead of expectations following stronger than expected trading in December. Trading for the month of December 2021 was ahead of early-month expectations despite the fact that…
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14 January
Notts restaurant owner fined £5,000 for breaching Covid rules
The director of a restaurant in Kettering has been fined £5,000 and ordered to pay costs after admitting to flouting Covid regulations by hosting a wedding in May 2021. Wanda Trela-Pyzalska, director of The Tavern and Restaurant Ltd in Bath Road, Kettering pleaded guilty to the charge during a hearing…
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13 January
Hospitality recovery dampened by Omicron as December takes £3bn hit
The hospitality sector has suffered “devastating” sales falls in the last week of the year, according to the latest pub, bar and restaurant market figures from UKH and CGA. The wider hospitality sector witnessed a 40% drop in sales for the month versus the same period in 2019, as depleted…
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13 January
Star to offer rent concessions to Welsh and Scottish tenants
Star Pubs and Bars has announced that it is offering all its pubs on core leased and tenanted agreements in Scotland and Wales 30% rent reductions to support them while they are subject to additional Government restrictions. The move follows its £62m rent support since March 2020, The rent concessions…
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