Nightcap: Cocktail group’s revenue stirring but shaken by rail strikes Nightcap Nightcap, the cocktail bar chain owned by Dragons Den star Sarah Willingham, has reported a 29 per cent leap in revenues during the year to £46.4m. However, the late bar operator, which owns the likes of London Cocktail Club and Barrio, said that like-for-like revenue declined by 12.5 per cent following “record breaking” figures last [...]
Nightcap shares jump as bar chain bucks trend with record Christmas Nightcap London Cocktail Club owner Nightcap had a “record” Christmas despite ongoing rail disruption and cost of living pressures.
Not so thirsty Thursday as Nightcap blames ‘targeted’ rail strikes for £1.2m earnings loss Rail strikes Cocktail bar operator Nightcap has estimated that 13 days of rail strikes over the last year has cost the company £1.2m. The bar company, which operates a number of venues across Clapham and central London, claimed rail strikers “deliberate targeting” of Thursdays and Saturdays, the most lucrative trading days for the hospitality sector, caused a [...]
Bar chain owned by ex-Dragons’ Den investor receives £10m cash injection for expansion August 17, 2022 The owner of the Cocktail Club bar chain has received a £10m funding injection from HSBC UK in order to continue its expansion plans. Nightcap, which was founded by former Dragons’ Den investor Sarah Willingham and Michael Toxvaerd in 2020, is eyeing almost two dozen additional sites. The chain – which owns The Cocktail Club, [...]
400 jobs saved in Dirty Martini deal June 13, 2023 Some 400 hospitality jobs have been saved thanks to Night Cap bar group’s acquisition of Dirty Martini and Tuttons Brasserie following a pre-pack administration sale for close to £5m. The deal includes five Dirty Martini bars in London and five across Birmingham, Bristol, Leeds, Manchester and Cardiff. Tuttons Brasserie, a restaurant in Covent Garden, which [...]
Farringdon’s iconic Piano Works snapped up by listed bar giant February 20, 2024 Alan Lorrimer, founder of The Piano Works, said: "We now have the potential to expand The Piano Works and prove that customers across the country will love our immersive audience requested live music experience."
Coronation: 250,000 tourists set to serve up a multi-million pound boost to London’s pub and retail sector April 18, 2023 London’s retail and pub businesses are gearing up for a multi-million pound boost in trade over the weekend of the King’s Coronation in May as tourists flocking to the city will send sales in drinks and shopping to new highs. Sarah Willingham, owner of bar group Nightcap PLC, told City A.M that the celebration is [...]
Fancy a Mayor of London cocktail? Bar chain may name drink after Khan over Friday tube fare trial March 2, 2024 Pubs, bars, restaurants and entertainment venues were breathing a sigh of relief this morning, after the Mayor of London announced a three month trial for off-peak tube and rail tickets on Fridays.
Demand for corporate Christmas parties through the roof as offices ‘make up’ for Covid November 16, 2022 Work Christmas do’s are back with a bang this year, as City bar and pub chains report strong bookings. Publicans are excited about the industry’s first full Christmas trading season in three years, void of Covid-9 restrictions. Although consumers are caught in the teeth of what’s set to be a protracted recession, Young’s boss, Simon [...]
Barrio Familia snaps up ‘world’s largest tequila bar’ in Covent Garden August 22, 2022 Barrio Familia has bought the world’s largest tequila bar, the former Tropicana Beach Club in Covent Garden. It is the first new opening for the bar chain since it was snapped up by Nightcap in November 2021. The flagship bar will open in November and will be the fifth venue for the group, alongside bars [...]