Take your workspace to the next level in Whitechapel February 25, 2022 As we tentatively return to something approaching ‘normal’ following the pandemic, many businesses find themselves in a tricky situation. Working from home full-time is gladly receding into the rear-view mirror but the old, static office model now seems a little antiquated. Modern workers require the flexibility of hybrid working, and office spaces need to be [...]
Axa must pay £4.4m Covid insurance claim to high-end restauranter Corbin & King, High Court says February 25, 2022 High end restaurant business Corbin & King, which owns restaurants across London, including Colbert in Sloane Square and The Wolseley in Mayfair, has won a £4.4m case against insurance giant Axa, after the insurer refused to cover losses incurred by the restauranter during Covid-19. The case comes after Axa said it would not pay Corbin [...]
Gaucho chief calls Legal & General behaviour ‘unethical’ February 20, 2022 Gaucho chief has criticised Legal & General for being an “unethical” landlord following a recent clash over a rented commercial site in Liverpool.
Abama care: Tenerife getaway Abama is the complete wellness experience February 17, 2022 I am at a yoga camp lying on a beautifully manicured lawn in the Canary Islands, bathed in warm morning sunshine as incense and calming mood music relaxes my mind. My lycra-clad colleagues look like sculptures as their toned legs point skywards. I, on the other hand, keep losing my balance and toppling over. Trouble [...]
Restaurant group Corbin & King allowed to join forces with US investment fund in shareholder row February 16, 2022 The owner of the Wolseley restaurant has edged closer to a £38m rescue package as it hopes to cut ties with its largest shareholder. Thai hotel group Minor International was hoping to be granted an injunction to block a repayment, after the shareholder forced Corbin & King into administration last month over a loan. Mr [...]
Burger King UK’s owners court investors ahead of £600m float February 14, 2022 Burger King UK’s private equity owners have begun a charm offensive with investors as they look to build support to float the firm’s UK division in the first half of this year.
Exclusive: Majority of hospitality businesses in UK on brink of collapse February 10, 2022 Covid-19 has pushed the majority of UK hospitality businesses to the brink of closure, according to new research shared exclusively with City A.M. today. More than three fifths (63 per cent) have experienced a decline in demand for their goods or services since the beginning of the pandemic, while 67 per cent have seen their [...]
Fitzrovia: We focus on a London area that’s like the West End but cooler February 9, 2022 Although the central London district of Fitzrovia has no formal boundaries (it is part of both the London boroughs of Camden and Westminster), it is generally agreed that it sits between Euston Road to the north and Oxford Street to the south. “Today, Fitzrovia is popular with the more discerning London buyer who is looking [...]
Ivy owner Richard Caring steps away from battle for Corbin & King February 6, 2022 Ivy owner Richard Caring has signalled he has given up the chase for beleaguered restaurant group Corbin & King. The group behind celebrity haunts including The Wolseley entered administration last month, amid icy relations between Corbin & King’s founders and its majority shareholder. Restauranter Caring has said “at this moment, I am not intending to [...]
Focus on: Why magic Marylebone is the new prime hotspot February 5, 2022 Marylebone, known for its Georgian architecture, is an area that has carefully preserved its past. But how has the area changed over the last decade? “The Portman Estate has played a large part in the transformation of the area,” says Priya Black, head of Baker Street new homes at Knight Frank. “Marylebone has a broad [...]