Canary Wharf
Coverage explores foodservice and hospitality developments in this major London business district, including restaurant and bar openings, workplace dining strategies, grab-and-go trends, and operator responses to hybrid working patterns. Reporting offers insights for businesses navigating weekday footfall, premium office clientele, and evolving consumer behaviours in a corporate-driven environment.
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Jun- 2024 -7 JunePubs and Bars
Vagabond Gatwick sites acquired by ARE
Bar group Vagabond’s two sites within Gatwick Airport have been acquired out of administration by Airport Retail Enterprises (ARE). Business advisory firm Quantuma completed the deal saving 122 jobs across the two sites. This comes after Vagabond sold the majority of its stores to Majestic Wines back in April. Quantuma…
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May- 2024 -8 MayNews
Today’s news in brief – 08/05/24
JD Wetherspoon expects top-line of profit guidance as like-for-like sales rose by 5.2% in Q1, with year-to-date sales rising 8.3% despite this year’s bank holiday (6 May) being a week later. The company had opened two pubs and either sold or surrendered to the landlord a total of 18 “smaller…
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8 MayNews
Atis to open flagship store on Regent Street
Plant-forward salad bowl brand Atis has announced that it will open a new flagship store on London’s Regent Street on 3 June. This will mark the brand’s sixth location in London and the first opening of 2024, with additional sites planned for Monument, Moorgate, Covent Garden and Battersea by the…
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Mar- 2024 -5 MarchFood and Drink
Greggs profits and sales soar
Greggs has reported pre-tax profits of £188.3m for the 52 weeks ended 30 December 2023, compared with £148.3m from the previous year. Its sales also increased 19.6% to £1.8bn and its underlying profit before tax excluding exceptional income was up 13.1% to £167.7m. The group opened a “record” 220 new…
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Jan- 2024 -19 JanuaryFood and Drink
Market Halls reports record festive period
Market Halls has revealed that its like-for-like sales were up 55% in December, a record for the company in the festive period. The company stated that sales were boosted by large corporate bookings, a high-profile appearance on BBC’s MasterChef: The Professionals and an extensive Christmas campaign. The campaign offered a…
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15 JanuaryPubs and Bars
Drake and Morgan delivers record Christmas
Drake and Morgan has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022. This trading followed “record” Christmas bookings which were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for…
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Dec- 2023 -6 DecemberPubs and Bars
Drake and Morgan EBITDA slides amid ‘record’ xmas bookings
Drake and Morgan has seen its adjusted EBITDA fall to £4.1m for the year ended 26 March 2023, down from £5m in the same period last year. However, the company saw its turnover increase to £43.3m up from the £35.9m it posted last year. The company put the EBITDA fall…
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Nov- 2023 -27 NovemberRestaurants
Pho to continue expansion amid 33.6% rise in FY23 turnover
Pho has secured additional funding to allow for continued expansion of Vietnamese street food restaurants through the next several years, as its turnover increased 33.6% to £58.3m in the year ending 19 February 2023. According to the group’s filings on Companies House, recent performance has buoyed the company’s confidence in…
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Oct- 2023 -17 OctoberRestaurants
Six by Nico to open 13th location in Birmingham
The six-course dining experience, Six by Nico, will be opening in Birmingham at 81 Colmore Row on 30 November – its 13th location across the UK and Ireland. The venue will accommodate approximately 72 guests, and will create 60 new jobs for the area. Founded by chef Nico Simeone, Six…
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Sep- 2023 -22 SeptemberRestaurants
Yolk raises capital for London expansion
Fine fast food business Yolk is raising capital through private equity firm Growthdeck as it targets expansion across London. The five-site independent offers sandwiches, baked goods and specialty coffee without charging consumers a premium price tag. Yolk said that the brand aims to offer a “revolutionary improvement” in Londoners’ grab-and-go…
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