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.

Oct- 2024 -

2 October

Trio of F&B brands to open at Festival Place

Boswells, Heavenly Desserts and Wagamama are set to open new locations at the shopping destination in Basingstoke. Opening in Bedford Square, Boswells is a family-run cafe business established in 1972, operating throughout the South, South West and Wales. The cafe will offer a menu of made to order food, including…
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Sep- 2024 -

24 September

D&D London owners in talks over TGI Friday’s rescue deal

Breal Capital and Calveton, owners of D&D London, are reportedly in talks over a bid to rescue the UK operations TGI Friday’s, according to Sky News. TGI Friday’s UK parent company Hostmore fell into administration last week (19 September). Industry sources told Sky the deal was likely to see the…
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24 September

Newcastle’s Landmark Oriental restaurant looks for new owners

Landmark Oriental, a restaurant and bar in Newcastle upon Tyne, has recently hit the market. Occupying a “prominent” position on Stowell Street, also known as China Town, Landmark Oriental is positioned amongst an established drinking and dining circuit, and the long-established business is considered a “household name” in the city…
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24 September

Five Guys European sales surge £90m in 2023

US burger chain Five Guys has reported that sales at its European arm rose by more than £90m to £542.9m for the year to 31 December 2023. According to the group’s accounts with Companies House, pre-tax losses were also reduced from £35.6m to £16.2m over the same 12-month period. In…
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23 September

Briar restaurant opens at Number One Bruton in Somerset

Briar, the debut restaurant of chef Sam Lomas, has opened its door at Number One Bruton in Somerset. The restaurant marks a partnership between Sam Lomas and husband-and-wife team Claudia and Aled Rees, owners of the Number One Bruton hotel. Briar is a “neighbourhood restaurant”, with a menu that celebrates…
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20 September

Wingstop UK appoints head of acquisitions amid expansion plans

Wingstop UK has announced the appointment of Adrian Saunders as its new head of acquisitions. Saunders previously led the acquisition of approximately 90 restaurants for The Restaurant Group, including Frankie and Benny’s and Chiquito locations. He also successfully acquired 45 prime high street and shopping centre sites for Wagamama, including…
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19 September

Pubs outperform licensed sector despite ‘disappointing’ weather

Managed pubs have outperformed the licensed sector as a whole in August, with year-on-year growth of 2.9% despite disappointing weather, according to the latest edition of the CGA RSM Hospitality Business Tracker. Restaurants recorded a 0.8% increase, while the on-the-go segment achieved 5.0% growth. However, bars continued a long run…
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19 September

TGI Friday owner calls in administrators, 4,500 jobs at risk

Hostmore, the group behind TGI Fridays restaurants in the UK, has officially appointed administrators from Teneo Financial Advisors. A total of 87 TGI Fridays restaurants have been put up for sale, endangering some 4,500 jobs. Hostmore said it is hopeful that all UK-based restaurants sell to new owners by the…
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18 September

Restaurants and hotels help keep inflation steady at 2.2% in August

The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of England’s target of 2%.It follows downward contributions from hotels and restaurants, with costs in the segment falling to 4.4% in the month, down from 4.9% in the year to July,…
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18 September

Comptoir Group losses widen to £1.7m in H1 despite revenue rise

Comptoir Group, the operator of Comptoir Libanais, Kenza, Shawa and Yalla Yalla, has seen its loss after tax widen from £0.8m to £1.7m in the six-month period to 30 June, despite reporting a revenue rise of 7.4% to £15.9m. Adjusted EBITDA loss before highlighted items also widened to £0.6m from…
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