Retail insolvencies set to surge as Budget bites, experts warn December 30, 2024 A wave of insolvencies could be coming to the retail and hospitality sectors next year as businesses crumble under the tax bill brought on by Labour’s Budget, bosses have warned. Insolvencies and restructuring could rise further over the start of 2025 as firms face increased cost pressures, industry experts have said, with the retail, hospitality [...]
Cosy Club owner Loungers reports strong growth amid new openings October 8, 2024 Cafe and bar operator Loungers has said it delivered “like for like sales growth” of 4.7 per cent, amid a string of new hospitality openings boosting its portfolio. The Cosy Club, Loungers and Brightside chains owner recorded revenue of £178.3m in the half year to 6 October, up by 19.2 per cent on the previous [...]
Shepherd Neame: Britain’s oldest brewer ups dividend on ‘positive and encouraging’ results October 2, 2024 Britain’s oldest brewer Shepherd Neame have reported record revenue for the full financial year despite ongoing cost headwinds. The Faversham-based brand, which owns and operates 291 pubs across the southeast, told markets this morning that revenue for the 53 weeks to 29 June grew by 3.6 per cent to a record £172.3m, from £166.3m in [...]
Bistrot Pierre cuts jobs and closes restaurants as it tumbles further into the red July 2, 2024 French restaurant chain Bistrot Pierre has more than 100 staff and closed multiple sites as its goal as it battled to return to profitability.
‘Nothing equates to a British pub’: TV hardman and ex-Eastenders star Ross Kemp on the perfect pint June 12, 2024 TV’s favourite hardman Ross Kemp has been everywhere from Albert Square to Afghanistan but admitted “nothing equates to a British pub” as he hints at possibly opening his own boozer one day.
Urban Pubs and Bars aims to double estate as expansion continues June 10, 2024 Bosses at Urban Pubs and Bars have said they hope to double the size of the London pub group amid continued strong demand from punters.
Boxpark sets sight on new Camden location as it takes over Buck Street Market June 5, 2024 Boxpark will come to Camden, as the trendy hospitality firm has taken over Buck Street Market with plans for a “comprehensive renovation” of the site. Boxpark said on Tuesday it had agreed a long-term property management deal with Places for London, Transport for London’s Property Company, for Camden’s shipping container food and retail complex, Buck [...]
Barking mad! Here is how you can get paid to go the pub June 5, 2024 Lovers of both pints and puppies now have the opportunity to get paid to bring their dog to the pub, as part of an exciting new competition to rate the most pooch friendly pub across Britain.
TGI Fridays owner Hostmore shutters another cocktail bar amid sales slump June 3, 2024 TGI Friday's owner Hostmore said sales fell this year and confirmed the closure of another cocktail bar just three years after its launch.