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.

Feb- 2025 -

7 February

KFC and Taco Bell boosts Yum Brands sales in Q4

Yum Brands has reported a 16% increase in revenues to $2.36bn (£1.90bn) for the fourth quarter ended December 31, 2024, fueled by strong sales at KFC’s international restaurants and Taco Bell US. Its same-store sales also rose 1% in the quarter, thanks to Taco Bell. Worldwide system sales grew 8%,…
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6 February

Comptoir Group reappoints former CEO

Comptoir Group, owner of the Comptoir Libanais and Shawa restaurant, has announced that it has reappointed Chaker Hanna as its CEO. Hanna takes over from Nick Ayerst who had been due to step down at the end of this month but will now leave the board and role immediately. Hanna…
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6 February

Di Maggio Restaurants eyes expansion as FY turnover hits £49.5m

Di Maggio Restaurants Group (DRG), the operator of 11 French and Italian hospitality concepts, is looking to acquire further sites to expand the business as the group’s turnover rose 7.8% to £49.5m in the year to 28 April 2024. The Glasgow-based operator also revealed that its operating profit before exceptional…
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4 February

Various Eateries revenues rise 9% to £49.5m in FY24

Hospitality group Various Eateries has reported a revenue uplift of 9% to £49.5m in the year ended 29 September 2024, which was largely driven by new site openings. During the year, Various Eateries also managed to hit adjusted EBITDA profits of £0.3m – up from a loss of £2.2m a…
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3 February

Glasgow sees highest volume of F&B deals in 2024

Glasgow city centre saw the highest volume of F&B transactions for over six years in 2024 with over 34 new openings, signifying a 25% rise on the year before, according to Savills. Of those 34 openings, almost 90% were local independent operators. This is a marked change since 2023, when…
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Jan- 2025 -

31 January

Brother Marcus and Hagen to open new sites in Canary Wharf

Brother Marcus and Hagen are set to open new F&B sites at YY London, a newly refurbished 415,000 sq ft Canary Wharf office building. Brother Marcus, London’s Eastern Mediterranean restaurant group, founded by duo Tas Gaitanos and Alex Large, is bringing its brunch, mezze, cocktails and Eastern Med wines to…
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31 January

Loungers agrees to £354.4m Fortress takeover deal

Loungers has revealed that 94% of its shareholders have voted in favour of accepting Fortress Investment Group’s £354.4m takeover bid. News comes after Fortress submitted a revised deal after its first attempt of 310p a share was opposed by Loungers shareholders. The revised deal of 325p implies an enterprise value…
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30 January

TGI Fridays closes Leicester Square flagship

TGI Fridays has confirmed that it has closed its flagship venue in London’s Leicester Square. The casual-dining restaurant had opened the landmark venue in 2015 following a multi-million pound investment. A spokesperson for TGI Fridays said: “Our Leicester Square restaurant closed earlier this month. This was a mutual planned closure…
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27 January

Six by Nico opens bookings ahead of Bristol opening in February

Scottish restaurant group Six by Nico, the experiential dining experience set to bring its affordable six-course tasting experiences to the city of Bristol, has opened bookings for its opening on 17 February with its first menu The Chippie. The Chippie, inspired by Nico Simeone’s personal family heritage, offers his “creative…
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27 January

Tasty expects drop in FY24 sales amid challenging H2

Tasty, the owner and operator of restaurants in the casual dining sector, has announced that it expects to report total sales of £36.6m, down from £46.9m, and adjusted EBITDA of £3.8m in FY24, amid “challenging” trading during the second half of the year. According to the group, although the group’s…
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