Closure
In this section, we report on restaurant, pub, bar, café, and catering business closures across the UK, and the commercial, operational, and market factors behind them. From high-street exits and group-wide restructures to insolvencies, lease surrenders, and strategic site rationalisations, we cover the real-world impacts of rising costs, labour shortages, shifting demand, and margin pressures. We go beyond headlines to explain why closures are happening and what they mean for the wider sector. Whether you’re benchmarking performance or navigating tough decisions, we provide the context hospitality professionals need to stay informed.
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Mar- 2025 -10 MarchRestaurants
Cherry Equity Partners rescues Bistrot Pierre out of administration
French restaurant group Bistrot Pierre has been acquired by a vehicle owned by Cherry Equity Partners in a pre-pack administration process, ensuring that 10 sites will continue to trade and safeguarding exactly 394 jobs. However, the transaction did not include eight other restaurants which will close immediately, resulting in 158…
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4 MarchNews-In-Brief
Today’s news in brief – 04/03/25
Greggs has surpassed the £2bn mark as its sales increased 11.3% to £2.014bn in the year to 28 December 2024. The group’s underlying pre-tax profit also increased 13.2% to £189.8m, while its total pre-tax profit was up 8.3% to £203.9m. During the period, the group stated that its evening trade…
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4 MarchRestaurants
Giorgio Locatelli to open new restaurant at The National Gallery in May
The National Gallery has announced that Giorgio and Plaxy Locatelli will open a new restaurant in partnership with Searcys when the Sainsbury Wing reopens on 10 May. The team will be opening an all-day restaurant ‘Locatelli’ along with ‘Bar Giorgio’ on the ground floor, an espresso bar offering a selection…
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Feb- 2025 -18 FebruaryFood and Drink
D2 acquires Almost Famous
D2, the team behind Liverpool’s PINS Social Club, has announced that it has acquired burger restaurant Almost Famous. The group has acquired both the Manchester Northern Quarter and Liverpool sites, due to reopen Friday 21 and Monday 24 February respectively, and the Almost Famous branding. The deal has been led…
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5 FebruaryFood and Drink
Nightcap acquires Brighton’s i360 Tower and hospitality venue
Nightcap has announced the acquisition of Brighton’s i360 Tower, following a decision by Brighton and Hove City Council to release the debt in support of the landmark’s future under the hospitality operator’s management. This means that the acquisition has been completed free of debt and any historic liabilities, allowing a…
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Jan- 2025 -30 JanuaryNews-In-Brief
Today’s news in brief – 30/01/25
TGI Fridays has closed its flagship venue in London’s Leicester Square, which opened in 2015 after a multi-million pound investment. The closure means that TGI’s now has no restaurant in Central London although it retains venues at the O2 Greenwich and Westfield Stratford. UKH has urged the chancellor to bring…
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30 JanuaryRestaurants
TGI Fridays closes Leicester Square flagship
TGI Fridays has confirmed that it has closed its flagship venue in London’s Leicester Square. The casual-dining restaurant had opened the landmark venue in 2015 following a multi-million pound investment. A spokesperson for TGI Fridays said: “Our Leicester Square restaurant closed earlier this month. This was a mutual planned closure…
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28 JanuaryNews-In-Brief
Today’s news in brief – 28/01/25
Urban Pubs and Bars saw a “record-breaking” rise in EBITDA of 26% to £8.7m for the year ended 28 April 2024. The group also reported a 16% rise in turnover to £60.5m and a 4% uplift in like-for-like sales in the period. Over the Christmas trading period, which took place…
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28 JanuaryFood and Drink
Almost Famous burger chain confirms closure
Burger chain Almost Famous has announced that it is set to close after financial pressures became “stacked against” it. The company said that the closure was due to lingering debts from the coronavirus pandemic, rising costs and fewer people being able to afford eating out. The brand started in Manchester’s…
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13 JanuaryBusiness
Hospitality accounted for 10% of UK administrations in 2024
The hospitality industry accounted for 10% of administrations in 2024 – the fourth highest sector in the UK – according to analysis by full-service law firm Shakespeare Martineau. A total of 1,718 businesses, 172 of which came from the hospitality sector, filed for administration – marking a 28% and 5%…
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