Today’s news in brief – 22/10/24

The Revel Collective has seen its FY losses before tax widen to £36.7m. The group said that the result was mainly due to non-cash exceptional impairment charges from its restructuring plan. Despite strong festive trading and the annualisation of the acquisition of Peach Pubs, the closure of 13 loss-making bars affected sales, which were 2% at £149.5m. 

Big Mamma has reported that its UK turnover almost doubled to £40m in 2023, while pre-tax profits hit £3.7m – rising exponentially since the £359k recorded in 2022. The group has attributed its strong performance to the social media buzz it has garnered, both through its own accounts and from guests who post about visiting its London locations. 

Chef Rohit Ghai, along with a business partner, will open Vatavaran on Beauchamp Place on 7 November. The new Indian dining destination will join the duo’s restaurant portfolio, which includes Kutir in Chelsea and Manthan in Mayfair. Vatavaran, meaning “atmosphere,” in Sanskrit, draws its inspiration from the “serene” landscapes of the Himalayas. 

Rosa’s Thai has entered into partnerships with Uber Eats and Just Eat. This marks the TriSpan-backed restaurant group’s departure from Deliveroo, which it has used as its exclusive delivery partner for seven years. There are now 42 Rosa’s across the UK in places such as London, Liverpool, Leeds, Cardiff, Birmingham and Manchester.