Soho House waitlist at ‘record high’ says owner August 27, 2021 The Membership Collective Group (MCG) who own Soho House, has delivered strong growth in Q2 2021 amid surging interest in membership. The company, which raised $402 last month during its New York listing, increased revenues for the second quarter by 118 per cent, taking $124m in the three months to July 04. Revenue from MCG [...]
Whitbread’s Premier Inn recovery ‘ahead of expectations’ despite losses October 26, 2021 Premier Inn owner Whitbread has said the budget hotel chain’s recovery in the past six months has been ahead of expectations. The hotel chain, which was battered by the sudden drop in tourism and overnight stays last year, has enjoyed a strong spike in demand since mid-May, Whitbread said in its interim results for the [...]
Who’s next? Retail boss Simon Wolfson urges Government to learn lessons of truck driver shortage September 29, 2021 Next boss Lord Wolfson has urged ministers to relax immigration rules to alleviate a crisis in “warehouses, restaurants, hotels, care homes and many seasonal industries.” The retail titan said that the current shortage of truck drivers was “foreseen, and widely predicted” and said Government needed to learn from its failure to act. The firm upgraded [...]
Exclusive: How London’s prime property financing space weathered Brexit, Covid and market mayhem October 24, 2022 Prime property finance is experiencing a boom in demand but battling falling prices. Yet, as the most resilient part of the market shows it can insulate itself from Brexit, the pandemic and current financial woes. While not immune from external shocks, its ability to recover faster than the rest of the industry makes it a [...]
Business rates have made American candy stores a blight on our streets July 1, 2022 The emergence of large numbers of American-styled candy stores across the West End over the last year has become a cause for concern amongst high street retailers, leisure businesses and hospitality owners alike. Having weathered the storms of the pandemic, which saw footfall and revenues plummet during lockdowns, the West End was beginning to show [...]
The City View podcast, from City A.M., with Priya Lakhani OBE May 4, 2020 In this episode, Christian is joined by Priya Lakhani, founder and CEO of Century – an AI-powered education platform. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Priya, who served as a business adviser to the coalition government, gives a candid and forthright assessment of the government’s support packages for businesses. [...]
How the wine-in-a-can revolution is hotting up thanks to The Uncommon January 14, 2022 Canned wine has had a refresh. The UK market alone is now already worth over £3.5m and has grown 125 per cent over the last two summers. Now the sector has produced the first UK winemaker to achieve B Corp status. The Uncommon has been certified by B Lab, the not-for-profit behind the B Corp [...]
Robot waiters, half the tables, and crossed fingers: How restaurants will reopen after UK lockdown ends May 2, 2020 Robot waiters, staff in masks and two metres between each table. This is what dining out could look like when the UK coronavirus lockdown is eased. At least, for the restaurants that manage to survive. Official government guidance on reopening has been limited so far. However, that could change soon as the Prime Minister said [...]
Pubs and restaurants express relief as their lockdown ends June 23, 2020 Hospitality bosses have reacted with cautious optimism after Boris Johnson gave the green light for restaurants and pubs reopening on 4 July. Industry reaction has been largely relieved this afternoon, albeit with warnings that many businesses will still need financial support from the government as they start trading again. The Prime Minister announced this afternoon [...]
West End classic Angus Steakhouse ‘on brink of administration’ March 9, 2021 West End staple Angus Steakhouse is reportedly on the edge of collapse unless it can secure rent concessions from its landlords. The restaurant chain, which was founded in the 1960s, has hired KPMG in a bid to strike a last-minute deal with landlords, the Telegraph reported. The Big Four auditor has written to letters to [...]