Groucho Club: Sales rise fails to stop owner sinking further into the red September 27, 2024 A jump in sales at the hospitality group behind London’s Groucho Club failed to stop its sinking further into the red during its latest financial year. Somerset-based Artfarm, which is owned by the Swiss art gallery investors Iwan and Manuela Wirth, has reported a turnover of £42.2m for 2023, up from the £28.6m it achieved [...]
Leonardo Hotels slashes losses by more than £50m September 26, 2024 Leonardo Hotels slashed its pre-tax loss by more than £50m during its latest financial year thanks to the market continuing its post-pandemic recovery. The group, which has hotels in the North West, North East, West Midlands, London, South West and Scotland, has reported a pre-tax loss of £3.7m for 2023. The latest figure comes after Leonardo [...]
Prezzo poaches Brewdog’s James Brown to lead the recovering restaurant chain September 26, 2024 Prezzo has appointed Brewdog’s James Brown as chief executive of the restaurant chain in the latest part of its ambitious post-collapse turnaround plan. Brown served as chief of Brewdog Bars and helped the brand grow from 18 sites to 135 globally. He has held several senior leadership roles at the company since 2015. The bar [...]
Chick-fil-A rolls out first of UK expansion plans as it reveals new locations September 25, 2024 Chick-fil-A has announced its first UK locations set to debut next year as the US fast food chain looks to invest tens of millions of pounds into local communities over the next decade.
Tortilla revenue slumps after cutting ties Deliveroo, but there’s no sign of regret September 25, 2024 Tortilla’s revenue has slumped after the decision to remove itself from takeaway platform Deliveroo, but the company showed no sign of returning to the platform and said it was focused on expansion in continental Europe instead. Like-for-like deliveries fell by 10.3 per cent in the 26 weeks ended 30 June. Tortilla said the decision to [...]
Accor: Novotel, Pullman Mercure hotels return to the black as profit jumps at Ibis September 17, 2024 The company behind Accor’s Novotel, Pullman and Mercure brands in the UK returned to the black in 2023 while profit jumped its Ibis division, it has been revealed. Newly-filed results for both divisions have revealed a significant jump in their turnover and profit for their latest financial years. The accounts, filed with Companies House, also [...]
Pret grows globally as £1 in every £4 now spent outside the UK September 17, 2024 Pret a Manger may be a London lunchtime staple but it has made a firm push for international growth, with over a third of its stores and a quarter of its sales now in international markets. In its half-year results, the sandwich and coffee chain said its sales grew by 10 per cent year on [...]
Inn Collection Group sees revenue jump after adding hundreds of new rooms to portfolio September 16, 2024 The Inn Collection Group, which operates pub accommodation in Wales and Northern England, has seen its turnover tick up after it added hundreds of rooms to its portfolio, according to newly-filed documents. The company, which is headquartered in Newcastle Upon Tyne and has venues across County Durham, the Lake District, Northumberland, Yorkshire and North Wales, [...]
Ghost Ship producer chairman ends 50-year career with historic brewer amid health concerns September 12, 2024 The chairman of beer, spirits and hospitality group Adnams has stepped down from his role, citing health reasons for his immediate departure after nearly half a century with the business.
The City’s salad cult: What’s up with Farmer J? September 12, 2024 People in the City are addicted to Farmer J's large, expensive salad bowls. Why so?