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.
-
Dec- 2021 -7 December
The Coconut Tree to open in Birmingham
Sri Lankan street food restaurant group The Coconut Tree is continuing its “organic” growth, with a new site set to open in Birmingham in early 2022. The eighth restaurant in its portfolio, following Reading and Bath openings in 2021, will join other branches in Cardiff, Bristol, Oxford, Cheltenham and Bournemouth.…
Read More » -
6 December
One in five restaurants forced to shut amid supply issues
Almost one in five partner restaurants have been forced to close their doors during business hours over the past three months because of supply chain issues, according to a new survey by Deliveroo. Of the restaurants polled, 54% have had to remove items from their menus due to lack of…
Read More » -
6 December
Drink sales fall below pre-pandemic levels, CGA reveals
Drink sales fell 12% in the week to Saturday 27 November compared to the same week in 2019 after Storm Arwen affected weekend trading, CGA’s Drinks Recovery Tracker revealed. Average sales by value for Britain’s managed pubs, bars and restaurants fell below pre-pandemic levels, and Friday and Saturday were the…
Read More » -
3 December
StarStock and Morrisons partner to support hospitality operators
StarStock, the online marketplace which aims to “revolutionise” the on-trade food and drink supply chain, is expanding its existing partnership with Morrisons to “help operators across the UK fulfill their food and drink order requirements”. As part of a revised focus to support hospitality businesses, the platform has reduced its…
Read More » -
3 December
Sticks’n’Sushi posts record profits in FY21
The Danish sushi chain Sticks’n’Sushi has reported record pre-tax profits of 51.5m DKK (£5.89m) for the financial year 2020/2021, up 4% compared to 484m DKK (£55.4m) in 2019/2020. The chain also saw revenues of 503.2m DKK (£57.6m), marking the first time Sticks’n’Sushi has hit the 500m DKK (£57.2m) mark in…
Read More » -
1 December
Loungers to open 25 new sites as profits surge
Loungers has announced plans to open 25 new sites next year after securing pre-tax profits of £12.8m for the 24-week period ended 3 October 2021. During the period, revenue increased to £102.4m from £53.5m in 2020 whilst like-for-like sales grew 26.6% compared to 2019. The business has continued to achieve…
Read More » -
Nov- 2021 -30 November
Nando’s losses double after ‘most challenging year’
Nando’s has revealed that its annual pre-tax losses for the period ending 28 February 2021 have more than doubled to £240m in what it called the “most challenging year in its history”. The company announced that revenues were down by 39.3% during the period to £665m (2020: £1.09bn), after “significant”…
Read More » -
26 November
Fair Shot Café opens Mayfair flagship
Grosvenor Britain and Ireland has announced that social enterprise Fair Shot Café will open its first flagship venue serving European food and specialty coffee in Mayfair’s South Molton Street on 13 December. Founder and CEO of Fair Shot Café, Bianca Tavella, set up the business to address the UK’s current…
Read More » -
25 November
Mitchells and Butlers losses narrow to £42m as sales recover
Mitchells and Butlers (M&B) has reported a pre-tax loss of £42m for-the 52 weeks ending 25 September 2021, compared with £123m a year earlier, as its sales recovery starts to take hold. M&B said it had returned to profitability in recent months and its like-for-like sales were 2.7% higher than…
Read More » -
25 November
Summit boosts Abbeydale Food Group revenues
Abbeydale Food Group has seen its revenues for the year increase to £28.8m, with turnover also rising by 18% driven by the continued growth of its Summit Foods business. Its Summit Foods business, which provides frozen and chilled micro snacks and ‘fresher for longer’ chilled sandwiches, achieved sales of £24.3m…
Read More »
