Subscriptions success for Opentable September 30, 2024 A rise in subscriptions helped the international arm of restaurant booking service Opentable, which is controlled by Booking.com’s owner, increase its turnover and pre-tax profit during its latest financial year. The London-headquartered division has reported a turnover of £31.7m for 2023, up from the £29.4m it posted for 2022. Newly-filed accounts with Companies House also [...]
Leon: Restaurant chain’s loss-making streak continues amid Asda takeover September 30, 2024 Restaurant chain Leon lost almost £20m in the year it was sold by the billionaire Issa brothers to Asda, it has been revealed. The company had been purchased by the brothers’ Lancashire-based EG Group in 2021 before most of the group’s UK operations were sold to the supermarket giant for £2bn in October 2023. At [...]
Dishoom creates hundreds of jobs and serves up record sales September 30, 2024 Dishoom created almost 300 jobs as its sales surged past the £100m mark during its latest financial year, it has been revealed. The London-headquartered restaurant chain has posted a turnover of £116.8m for 2023, according to newly-filed accounts with Companies House. The latest figure comes after Dishoom reported a turnover of £94.9m for the previous [...]
Hard Rock Cafe nears return to profit as UK sales rise September 27, 2024 Hard Rock Cafe took a huge step towards returning to the black in 2023 as it continued its recovery from the Covid-19 pandemic. The themed restaurant chain’s London-headquartered division reported a pre-tax loss of £1m for the 12 months, after having posted a loss of £9.4m for 2022. The last time the company reported a [...]
TGI Fridays UK collapses into administration as all restaurants put up for sale September 18, 2024 The company behind TGI Fridays restaurants in the UK has collapsed into administration as it attempts to see all its 87 sites across the country. London-listed Hostmore has appointed administrators from Teneo to oversee the process after plans to buy the US restaurant chain collapsed earlier this month. The business said it hopes to sell [...]
Is this Peckham pub serving Britain’s best burger? September 18, 2024 My local pub serves Britain’s best burger – I have mixed feelings about this. On the one hand I support The Montpelier on Choumert Road in all its endeavours, just as it has supported me through celebrations, hangovers, breast-feeding emergencies and excruciating family lunches. But I’m not sure I want it to become famous for [...]
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?
Hawksmoor’s Will Beckett is ready to take on the American steakhouses September 10, 2024 Ali Lyon sits down with Hawksmoor boss Will Beckett to discuss the restaurant's plans to win over the land of steakhouses
‘King of Mayfair’ on cusp of selling The Ivy restaurant group to little-known London firm September 6, 2024 Billionaire restaurateur Richard Caring is on the cusp of securing a deal to sell his majority stake in The Ivy restaurant chain after more than two decades at the helm. The reported buyer, the little-known investment firm SI Advisers, is likely to pay in the region of £1bn for the group, which also includes The [...]
Jamie Oliver serves up sales success after flagship London restaurant opens August 22, 2024 Jamie Oliver’s new flagship London restaurant and the continuing popularity of his recipe books helped boost the turnover of the celebrity chef’s group during its latest financial year. The group has reported a turnover of £27m for 2023 after posting a total of £23.6m for 2022, according to newly-filed accounts with Companies House. Its sales [...]