AC Milan unveil plans for Arsenal-inspired £240m stadium February 4, 2015 AC Milan have revealed plans for a new 48,000 capacity stadium to open for the 2018-19 season. Arsenal’s Emirates Stadium has been named as one of the inspirations behind the design which will cost between €300m – €320m (£226m – £240m) and includes a retractable roof. Milan currently share tenancy of the San Siro, [...]
Wendy’s aims to cut the fat as burger chain’s revenues drop February 3, 2015 US HAMBURGER chain Wendy’s yesterday unveiled plans to sell another 500 of its restaurants to franchisees as it seeks to cut down on spending. Wendy’s, the third largest hamburger chain by sales in the US, said it planned to “return substantial cash” to investors this year as its sells more of its restaurants to franchisees. Emil Brolick, [...]
AG Barr is Funkin it after buying cocktail firm February 2, 2015 IRN-BRU maker AG Barr has snapped up cocktail mixer and syrups business Funkin in a deal worth up to £21m. The Camden-based business, which sells its products to bars, restaurants and retailers including Waitrose, will give AG Barr exposure to the lucrative cocktail market.
Party over for wine revellers as Vinopolis to close its cellar doors February 2, 2015 Vinopolis, the wine tasting and restaurant venue near London’s Borough Market, is to close its doors for good at the end of the year to make way for a new upmarket shopping development. The 2.3-acre centre, which sits under the Victorian railway arches of London Bridge, was founded 16 years ago as a centre for [...]
Four things we know about China’s luxury consumers: Apple is most desirable but British brands rate among wealthy shoppers February 2, 2015 Chinese spending on luxury goods may be faltering as the economy slows down and the government clamps down on gift-giving of luxury items, but consumer spending is still expected to help carry the country’s economy ahead of the US as the world’s largest over the next decade. The rise of the luxury brand in Asian [...]
Nippon’s sublime amber nectar: Why is Japanese whisky gaining so many global plaudits? February 1, 2015 Kampai!’ says my effusive barman, as I lift the highball glass to my lips. I’m in a narrow, low-lit, eight-seater bar called Hanare, just a few minutes’ walk from Gion-Shijo station, in the heart of Kyoto’s entertainment district, and about to try my first taste of Japanese whisky. It’s an apposite time to do so, [...]
Let them eat steak: Martin Williams is the man behind the City’s newest brand – M January 27, 2015 Martin Williams, owner of the new M complex on Threadneedle Street, shares his vision for the brand WHAT WAS YOUR VISION FOR M? A multifaceted venue with a private members’ club feel. A home from home that you can use for breakfast, wine tastings, cocktails, live music and a quick (or epic) lunch or dinner. [...]
Restaurant review: M by Martin Williams on Threadneedle Walk January 27, 2015 It’s a brave man who first ate an oyster, they say, but it’s a braver man who opens a restaurant in the Square Mile. The normal laws of gastronomic physics don’t apply here. The food scene moves slowly, governed by ritual, force of habit and sheer bloody-mindedness. The trends and fads of Shoreditch and Mayfair [...]
How London’s brutalist Centre Point tower is being turned into luxury flats with a view January 26, 2015 Both reviled and admired, London’s Centre Point tower at the east end of Oxford Street has stirred controversy ever since it was first erected in 1966. A beehive of concrete and glass, its brutalist-style was regarded as an eyesore on the skyline and the fact that a building of its height (it is 117 metres [...]
Expedia spends £187m to add Travelocity to its family of online travel websites January 24, 2015 Travelocity has joined Expedia’s team of online travel brands, after being bought from technology company Sabre Corp for $280m (£186.8m). Expedia add Travelocity to a collection of travel sites that include hotel search engine Trivago, Hotels.com and Hotwire, all of which started life as independent companies before being snapped up. The company’s latest [...]