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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Aug- 2022 -3 August
D&D revenues at 90% of pre-covid levels
D&D has revealed its group revenues in the 15 months since reopening after lockdown stand at £163m, 90% of its pre-covid levels. UK revenues stand at £143m, 91% of pre-covid levels, while overseas revenues are at £20m. 83% of pre-covid levels. Meanwhile, group EBITDA stands at £17m, 122% of pre-covid…
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1 August
KFC pauses offers amid chicken shortages
KFC has reportedly been forced to pause one of its weekly food offers due to a shortage of chicken, according to The Sun. In a company memo sent to branches, seen by the paper, it is alleged that company bosses issued urgent update warnings of shortages. The shortages experienced by…
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1 August
Star Pubs & Bars to launch £200,000 pub package for World Cup
Star Pubs and Bars have announced it will launch a £200,000 investment package into its portfolio ahead of the winter World Cup. The “comprehensive” package incorporates funding discounts on Sky subscriptions, an online hub offering insight on executing sport, and fresh point-of-sale material aimed to enable Star pubs to establish…
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Jul- 2022 -29 July
Din Tai Fung to launch third London site
Din Tai Fung is set to launch its third London site at the Centre Point building. Opening on 22 September, Din Tai Fung Centre Point will serve their trademark Xiao Long Bao — steaming hot soup dumplings. It will serve the same menu as its sister sites in flagship Covent…
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28 July
Chopstix to open four new sites in Wales
Chopstix has announced plans to open at least four sites in Wales this year, building upon existing stores in Cardiff, Swansea and Bridgend. Starting a period of expansion in Wales, Chopstix opened its second site in the capital this month, with the St David’s Shopping Centre store launching to a…
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28 July
Food and drink industry administrations surge 60% in H1
The number of administrations filed for businesses in the food and drink industry surged 60% year-on-year between 1 January and 30 June 2022 (H1 FY21), according to analysis by Shakespeare Martineau. Overall, the food and drink industry accounted for 6% of administrations in the first six months of the year.…
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27 July
Two-thirds of hospitality business feel abandoned by government
Almost two-thirds of hospitality businesses feel abandoned by the government, according to new research from Peckwater Brands. The virtual brand operator surveyed 201 senior decision-makers within hospitality businesses. It found that nearly seven-in-10 (69%) of respondents are in favour of the government’s actions which protect hospitality businesses which accumulated debts…
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26 July
Henrique Sá Pessoa to open new restaurant at BPS
Henrique Sá Pessoa is set to open Joia, an Iberian restaurant and bar at the new art’otel London Battersea Power Station later this year. The new skyline destination restaurant and bar will span over the top floors of the hotel and will also feature a rooftop bar with infinity pool…
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25 July
The Ivy Asia to open in St David’s Cardiff
The Ivy Asia is set to open a new site at St David’s shopping centre in Cardiff after agreeing a deal with Landsec. The Asian-inspired concept is a first for the brand in Wales, and will launch later this summer on The Hayes, next to its sister restaurant The Ivy,…
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25 July
91 M&A deals delivered in hospitality sector in last year
Some 91 merger and acquisition deals were delivered during the year up to June 30 2022 in the hospitality sector, of which 77% were completed by UK buyers, according to Shaw and Co. The corporate advisory firm has launched its second annual in-depth report into the Food and Drink sector.…
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