Restaurant Giraffe looks east after Johnson leads growth June 25, 2012 RESTAURANT group Giraffe is set to open a branch in Dubai as its turnaround continues under serial entrepreneur Luke Johnson. The firm, backed by 3i and Johnson’s Risk Capital Partners, posted an operating profit of £1.1m for the year to 25 March, after recording a £2.5m loss for the same period the previous year, when [...]
Touch-down in Shanghai: getting ready for business June 24, 2012 MAKING my way across Shanghai following a 12 hour flight from London and a six hour flight from Boston left me urgently desirous of a tranquil bedroom, soft bed and a deep bath. As I was heading to the Four Seasons, I figured the only obstacle to achieving these would be traffic – an elegantly [...]
Costa Coffee owner Whitbread boosts sales by 13.9 per cent June 19, 2012 Sales at hotel and restaurant group Whitbread, the owner of Costa Coffee, were up 13.9 per cent in the last quarter. Excluding new openings, like-for-like sales were up 4.5 per cent in the 13 weeks to 31 May 2012, the group said this morning. Most of the growth came from the firm’s flagship coffee chain, [...]
Majestic Wine finds reason to celebrate with record profits June 18, 2012 THE BOSS of Majestic Wine said the UK public was as much in love with food and wine as ever, after consumers spending on special occasions helped to drive record full-year profits. The wine retailer posted pre-tax profits of £23.2m, up 14.5 per cent in the year to 2 April, helped in part by growing [...]
Luke Johnson sinks his teeth into new deal June 17, 2012 LUKE Johnson, the entrepreneur behind Italian restaurants Strada and Pizza Express, is set to buy struggling dental care chain James Hull. A source close to the deal told City A.M. that Johnson, chair of private equity firm Risk Capital Partners, is in advanced talks with the high-end dentistry firm over a takeover. The recession has [...]
The ace of clubs: Building an innovative legacy at Home House June 17, 2012 WHEN the offer went up by yet another £1m I had to say yes. My heart was heavy though because I was proud of what we had created from scratch, against the odds. I’d also had a lot of fun. The business was the now famous London club, Home House. Eight years earlier, Brian Clivaz [...]
Recipe for success is a special blend June 17, 2012 Q Three years in the City – how has it been? A Considering we opened High Timber just as the recession kicked in, overall it has been fabulous. There are so many big characters in the City; the restaurant always seems to have a buzzing and fun atmosphere. Q What’s been great and what’s been [...]
Shopping in style at the City’s 10 best June 17, 2012 Paul A Young, Bank 1 London’s most delectable chocolatier has shops in Islington and Soho, but our favourite is the outpost on Threadneedle Street. Just a stone’s throw from Bank, the store is a beacon of temptation, with its opulent display window and signature purple exterior. Paul, who has flame-red hair, oversees an operation in [...]
Good marketing can be as impossible as trying to read minds June 10, 2012 THE blond haired, middle-aged PR guru slouched back in his armchair and confidently announced his “stunning” idea to me. The little girl, Madeleine, had recently disappeared in Portugal and there was massive public sympathy and frenzied press coverage. To my sensitive agent, struggling to justify his hefty monthly fees, this represented a fantastic opportunity. “A [...]
Jubilee attracts two million to West End June 6, 2012 SOME two million visitors flocked to the West End over the bank holiday weekend, as the capital went into full swing celebrating the Queen’s Diamond Jubilee. Theatres, hotels, restaurants and retailers are together expected to have made more than £120m over the four-day weekend, according to the New West End company, which represents 600 firms [...]