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.

Aug- 2024 -

12 August

White Rabbit Fund acquires Island Poke

Hospitality incubator White Rabbit Fund has announced the acquisition of Island Poke’s assets, having recently undertaken a voluntary restructuring. Island Poke, which serves Hawaiian poke bowls, opened its first permanent restaurant in Soho in 2016. However, due the economic turmoil of the pandemic coupled with the impact of inflation, the…
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9 August

Itsu to open first shopping centre site in Manchester

Itsu, the Asian-inspired restaurant brand with over 80 locations across the UK, has announced it is set to open its first shopping centre site in the North at retail and leisure destination, Trafford Centre. Set to open in Autumn 2024, the new Trafford Centre location will take over a 2,900…
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9 August

The Salad Project to open sixth site on Fenchurch Street

The Salad Project will be opening its sixth location on London’s Fenchurch Street on 16 August. Fenchurch Street will not only serve as one of the chain’s healthy lunch spots, but will also house The Salad Project Training Academy and the SP Testing Lab for “the latest recipe development and…
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8 August

Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour

Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from a loss of £82.9m the prior year, as improved consumer retention and growing retail partnerships boosted sales. GTV was up by 6% to £3.7bn, with a constant currency GTV growth…
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8 August

Tortilla unveils its first app with new loyalty scheme

Tortilla has launched its first ever app, which includes a new loyalty programme – The Burrito Society. This latest announcement builds on the group’s new strategy which focuses on investing in technology along with the Tortilla brand to drive growth. The new app, which climbed to second spot in the…
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7 August

Yum Brands revenue hits $1.7bn in Q2

Yum Brands, which owns KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has reported a 4% revenue growth to $1.7bn (£1.3bn) for the second quarter ended 30 June 2024. Worldwide system sales grew 3% including a 1% same-store sales decline. GAAP operating profit for the group increased 6% to…
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7 August

Danish steakhouse KöD to open second site in Soho

DiningSix restaurant brand KöD, London’s only Danish steakhouse, is set to open a second site in Soho in mid August. Behind the brand is London based founding partner Morten P. Ortwed who, along with five friends, launched KöD in Denmark in 2014 before expanding into Norway and moving to the…
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6 August

Domino’s lowers FY profit forecast

Domino’s has downgraded its FY profit forecast saying it now expects underlying EBITDA to be on the lower range of £144.3m – £149.2m. In the 26 weeks ended 30 June 2024, the pizza company saw its statutory profit-before-tax plummet 35.2% to £59.4m. However, underlying PBT slightly increased 0.8% to £51.3m.…
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1 August

Brother Marcus to open new restaurant in Covent Garden

Eastern Mediterranean restaurant Brother Marcus has selected The Yards, Covent Garden, to launch its largest location to date. Located at 23 Slingsby Place, Brother Marcus’ new 4,190 sq ft two-floor venue will include two terraces overlooking The Yards’ St Martin’s Courtyard and will have two bars – one on each…
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Jul- 2024 -

31 July

AngloThai restaurant to debut in London

Debut restaurant AngloThai, from husband and wife team John and Desiree Chantarasak, will open in Autumn in partnership with MJMK Restaurants. Following on from a number of pop-ups and residencies, the pair will be bringing their take on Thai-British cuisine with a European focused wine list to their first bricks…
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