Macdonald Hotels & Resorts back in the red as cost increases bite September 9, 2024 Macdonald Hotels & Resorts slumped back into the red during its latest financial year as it battled a rise in its costs. The group, which is headquartered in East Kilbride, Scotland, has reported a pre-tax loss of £3.5m for the year to 28, September, 2023, after having posted a pre-tax profit of £44.5m in the [...]
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Bottoms up: Central London set for a new rooftop bar as Maven Leisure raises £2m April 25, 2024 Maven plans to raise the money via the private equity investment firm Growthdeck, which offers “tax-efficient investment opportunities in UK growth businesses”.
Tortilla Mexican Grill to ‘double down’ on franchising as revenue leaps April 24, 2024 Tortilla Mexican Grill said it will “double down” on franchising to help capitalise on growth opportunities in both the UK and internationally.
Pret A Manger names new chair as it sets sights on international expansion April 24, 2024 Pret A Manger has named its new chairman and announced the return of one of its co-founder as it shakes up its board amid a period of international growth.
Over 400 Stonegate pubs in London risk closure, GMB claims April 19, 2024 Almost 450 pubs in London face closure after one of the UK’s biggest hospitality groups Stonegate warned on its profitability, the GMB Union has said.
Wingstop: How a fast food chain targeted at Gen Z is transforming London’s hospitality scene April 13, 2024 Owners of a fast food chain targeted at social media obsessed Gen Z, have said they plan to open up to 100 stores over the next five years, in a boost for Britain's ailing hospitality market
Trading resumes in Revolution Bars after firm secures £12.5m in emergency fundraising April 11, 2024 Troubled Revolution Bars last night announced an emergency multi-million pound fundraising backed by serial hospitality investor Luke Johnson.
Majestic saves Vagabond’s wine bars – but one London branch to shutter April 5, 2024 Retailer Majestic Wines has bought Vagabond Wines out of administration, saving nine of its wine bars from closure.