‘Magnificent’ Hyde Park penthouse on sale for £60m August 13, 2024 A £60m penthouse has gone on sale in Hyde Park in a tentative sign that the super-prime market may be turning towards bigger, more expensive homes again. The apartment, which is one of London’s biggest listings in 2024, includes “one of the largest private terraces in central London”, according to James Van Den Heule, co-founding director [...]
Mitchells & Butlers: All Bar One owner toasts soaring sales as costs ease September 28, 2023 All Bar One owner Mitchells & Butlers (M&B) said total group like-for-like sales were up 10.4 per cent on last year, as the bar and restaurant chain sees costs easing. M&B, which also owns Toby Carvery and O’Neill’s, said that food sales on a like-for-like basis grew 8.6 per cent wile drinks sales were up [...]
The Botanist eyes ‘significant profit growth’ after £8m hit despite record sales January 11, 2024 The owner of brands including The Botanist is eyeing a surge in its profits after reporting a record year of sales.
Exclusive: Second Los Mochis restaurant to open at 100 Liverpool St rooftop October 3, 2022 British Land Land has signed Los Mochis, the Baja-Nihon restaurant, which will open a flagship 14,000 sq ft restaurant on the rooftop of 100 Liverpool Street at Broadgate. CityA.M. can reveal that the Baja-Nihon restaurant will set up shop at 100 Liverpool St at Broadgate, opening in autumn 2023. The new venue follows in the [...]
Tortilla swings to loss after ‘unprecedented’ food and energy inflation March 27, 2023 Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation. The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants. Its revenues jumped [...]
Franco Manca owner’s revenue soars over 100 per cent with post-lockdown demand July 21, 2022 Revenue at Fulham Shore, which owns Franco Manca and The Real Greek, has soared more than 100 per cent in the post-lockdown march back to restaurant dining. The London-listed hospitality giant mas made an operating profit of £6.7m in the year to 27 March, swinging from a £4.8m loss in 2021. Fulham Shore has unveiled [...]
‘Restaurants can’t be run off a spreadsheet,’ says new chief of Neapolitan pizza business Franco Manca January 11, 2024 A restaurant business cannot be run off a spreadsheet, the newly appointed boss of pizza specialist Franco Manca has said, amid a period of widening losses for the UK’s casual dining market.
Blackstone: Investment manager enters £850m race for Village Hotels May 29, 2024 Private investment giant Blackstone has reportedly entered the £850m auction to buy mid-market hotel chain Village Hotels.
The Notebook: Why I’m running to be a City Alderman October 17, 2023 Where the City’s movers and shakers get a few things off their chest. Today, executive search firm CEO Michael Barrington-Hibbert takes the pen From street trader to Alderman? Weaved into the heartbeat of the City, I’ve spent the last several months speaking to folks who work and do business in the Square Mile about what they love and what they’d like to change. [...]
Gusbourne sales boosted as Brits still splashing out on designer sparkling wine January 31, 2024 Despite economic woes, customers still wanted to splash out on a bottle of Pinot Noir and Rose, with Gusbourne reporting a 26 per cent rise in direct consumer sales.