New law set to push the price of a pint above £7 across London June 4, 2024 Hard pressed punters could be set for another blow following reports that a new law coming into effect this October will see the price of a pint in London rise…again.
Wagamama sales surge ahead of pre-Covid levels as the Restaurant Group ‘mindful’ of Ukraine inflationary impact March 16, 2022 Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
Bargain hunt: How many firms were plucked from London’s markets last year? January 5, 2024 London lost a wave of firms from the public markets this year - and there could be more to come.
David Grutman, the “King of Miami” gives us his take on hospitality October 28, 2022 David Grutman is a hospitality impresario behind a string of restaurants, hotels and nightclubs in Miami. As he takes part in the AMEX Shaping Insights podcast, we caught up with him to quiz him on the state of hospitality Tell us about yourself I’m originally from Naples, which is about two hours from Miami, so [...]
Corbin & King ‘under siege’ from investor Minor International January 27, 2022 The founder of the restaurant chain behind the Wolseley has reassured customers the business is in “rude financial health” after it was plunged into administration this week. Administrators from FRP were appointed for Corbin & King earlier this week, although the chain’s restaurants have continued to trade. Founder Jeremy King has now hit back once [...]
UK’s top restaurants swing to £93m loss November 18, 2019 The UK’s top 100 restaurants swung to a loss this year as they struggled to stay afloat under the increasing pressure of rising overheads and falling sales, which are taking their toll on the casual dining sector. The industry has plunged to a £93m loss in the last 12 months, in a year that has [...]
Franco Manca owner Fulham Shore toasts doubled revenue December 6, 2021 The company behind pizza chain Franco Manca and The Real Greek saw its revenues jump 103 per cent in the first six months of its financial year to £39.5m, up from £19.9m a year earlier. Its half year sales were also 10 per cent ahead of its £36m revenues in the same period in 2019, [...]
Fish and chip-per: ‘Classic’ pub grub leads the way for Marston’s surging sales July 26, 2023 Marston’s thanked warmer weather in June and appetite for classic pub like fish and chips grub for a surge in like-for-like sales for the 16 weeks ended July. Unusually hot spells at the start of summer drove customers to pubs, with more people drinking and dining out hiking like-for-like sales by 10.9 per cent. Group [...]
Feeling the chill: Hospitality bosses fear energy firms are profiteering in a crisis November 24, 2022 Hospitality bosses have accused suppliers of “deliberately profiteering” of the energy crisis, writes City A.M.
7 ways to celebrate – or avoid – Valentine’s Day in London February 1, 2023 Valentine’s Day rolls around again this 14 February. We get it, it can be triggering, especially if you’ve recently been through a break up or aren’t feeling sure of what you want romantically right now. So these events are inclusive for everyone, whether you think Valentine’s Day is a commercial, exploitative waste of space or [...]