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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Nov- 2020 -6 November
Pizza Express names new chairman and group chief exec
Pizza Express has announced that Allan Leighton and David Campbell have been appointed as chairman and group chief executive. Along with the appointments, Pizza Express revealed the completion of its recapitalisation, giving the company a “strong balance sheet and significant funds to invest in growth in the years ahead”. The…
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6 November
Papa John’s revenues surge 17% in Q3
Papa John’s has announced that total group revenue increased 17.1% to $472m (£360.4m) in the third quarter ended 27 September, compared with $403m (£307.6m) in 2019. Pre-tax income rose to $20.8m (£15.9m) in Q3 from $678,000 (£516,324) last year, attributed to an increase in demand during the global pandemic. In…
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4 November
Camino co-founders secure rescue deal
Camino, a Spanish tapas restaurant and bar group, has been acquired out of administration by its former founders through a newly created holding company, saving 77 jobs in the process. Camino Trading Limited was recently created by Camino co-founders Nigel Foster and Richard Bigg, who now own the entirety of…
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2 November
Tasty reports £11m loss
Tasty, a restaurant group that owns Wildwood and Dim T, has reported a loss of £11m for the six month period ending 28 June. According to the company’s interim report, Covid-19 restrictions caused total sales to fall 59% from £21.1m to £8.7m. All of the firm’s sites closed from 24…
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Oct- 2020 -30 October
Former Blumenthal staff launch new Spanish restaurant
Former staff members of Heston Blumenthals’ Hind Head restaurant have launched their own debut Spanish restaurant in Amersham. Pluma is the debut restaurant from couple Arantxa Fuentes and Charlie Baxter – both seasoned front and back of house experts. Pluma aims to serve regional Spanish dishes, with a “small, adaptable…
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30 October
Gordon Ramsay opens new restaurant amid calls to ‘kick-start’ economy
Gordon Ramsay has taken to Twitter to announce the opening of a new Street Pizza venue in Southwark on 5 November, as he tells followers the industry must “bounce back” from Covid-19. In a video posted on the chef’s social media site, he said: “You may think it’s crazy opening a…
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30 October
Pizza Express to axe a further 1,300 jobs
Pizza Express will reportedly cut 1,300 additional jobs across its 370 UK restaurants attributed to poor sales and the continued impact of Covid-19, according to the BBC. The losses come weeks after the firm launched a CVA bid that proposed 1,100 jobs would be cut and 73 restaurants close. The…
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28 October
Latymer at Pennyhill Park retains four-AA rosette status
Fine-dining restaurant Latymer, based at the five-star Pennyhill Park hotel in Surrey, has retained its four-AA rosette status. The award comes shortly after the establishment appointed Steve Smith as head chef. Smith made an immediate impact by changing the menu layout at the restaurant, introducing a “Discovery Tasting Menu” for…
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27 October
Delivery services saved 100,000 restaurant jobs, study finds
A new study by Capital Economics has reported that delivery services such as Deliveroo protected around 100,000 restaurant jobs in the UK from being lost or furloughed over the period between April and June. The survey shows that Deliveroo’s partners used the furlough scheme at a lower rate than the…
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26 October
Iberica closes two sites in CVA, 135 jobs saved
Iberica, the Spanish tapas restaurant and bar group owned and operated by Iberica Food and Culture Limited, has preserved 135 jobs after a successful CVA restructuring. The Iberica CVA was approved in late September, securing over 99% support from creditors, with every landlord among them voting in favour. Although Iberica’s…
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