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.

Mar- 2021 -

1 March

Wimpy profits surge to almost £1m

Wimpy Restaurants Group, owner of the Wimpy burger chain, has reported a rise in profits to almost £1m for the year ended 29 February 2020. Climbing from £716,319 to £990,663, the firm’s profits for the year represented a year-on-year increase of 38%. While the group’s revenue for the period did…
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Feb- 2021 -

26 February

Various Eateries FY20 revenues fall 36%

Restaurant group Various Eateries has reported revenues for the year ended 27 September 2020 of £16.5m, a year-on-year decline of 36%. The group also revealed that it swung to an EBITDA loss before exceptional costs of £1.7m, down from profits of £817,000 in 2019. While Various Eateries partly attributed its…
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25 February

Bad Vegan to open first site at Buck Street Market

Plant-based restaurant Bad Vegan is to open its first-ever site at Buck Street Market, the “UK’s first eco-conscious consumer market”. The brand said Bad Vegan was born from a lockdown conversation between experienced brand creator Mark Emms and chef Tom Kerridge, who have since co-founded the business. The new food…
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25 February

Mowgli to open new Cheltenham site

Mowgli, an Indian restaurant group, has announced its intentions to expand its portfolio with the opening of a Cheltenham site this summer. The establishment will represent Mowgli’s 12th restaurant and will reportedly create over 30 jobs. Founded in 2014, Mowgli now operates over a number of sites across the UK,…
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24 February

TGI Fridays to ‘emerge strongly’, plans new openings

TGI Fridays is reportedly well-positioned to “emerge strongly” from the pandemic, despite the massively fluctuating trading conditions of 2020, according to parent company Electra Private Equity. It said the restaurant group’s agility in responding to changing conditions, combined with careful financial and cash management, allowed it to end the year…
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23 February

The Bok Shop eyes double-digit portfolio expansion

The Bok Shop, a Brighton-based fried chicken and vegan chicken restaurant group, has announced plans to open 10 sites across the UK over the next two years. Founded in 2017, the group expanded its portfolio a year later with the addition of a 90-cover restaurant in Eastbourne. Despite the constraints…
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19 February

Camile Thai Kitchen announces UK-wide expansion

Thai food chain Camile Thai Kitchen has announced plans to open 15 new locations across the UK and Ireland, creating 300 jobs in the process. Of the new sites, seven will be situated in the UK at locations that include Epsom, Twickenham, and Streatham. The firm is looking to grow…
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18 February

Meat-free dishes to become more ‘prominent’ on menus post-covid, says CGA

Consumers’ focus on health during the Covid-19 pandemic is likely to make vegetarian and vegan dishes more prominent on menus according to the CGA’s MealMetrics service. Drawing on £4bn of aggregated food till sales data from more than 7,000 pubs, bars and restaurants, the metric data was designed to help…
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18 February

Pizza Hut Delivery expands Starboard partnership with franchise deal

Pizza Hut Delivery has expanded its partnership with Starboard Dining, a subsidiary of Starboard Hotels, with the sale of 27 UK delivery and takeaway sites. The establishments will be operated as franchises by Starboard, supporting 540 jobs in the process. The transaction is intended to provide investment into communities across…
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16 February

Mitchells & Butlers seeks £350m cash injection

Mitchells and Butlers has announced its intention to raise £350m through an underwritten open offer. The proposed offer, which follows an original announcement on 7 January 2021, will include a facility for shareholders to apply for any shares not currently held. A £150m three-year unsecured revolving credit facility has also…
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