Closure
In this section, we report on restaurant, pub, bar, cafรฉ, 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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May- 2018 -17 MayRestaurants
Gordon Ramsay’s flagship Maze to close following ยฃ3.8m loss
Gordon Ramsayโs flagship Maze restaurant in Mayfair is set to close after reporting a ยฃ3.8m pre-tax loss for the year ending August 2017. Kavalake, the holding company for the firm, will close the flagship outlet in January next year while it plans to open five new restaurant concepts overseas, including…
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16 MayPubs and Bars
Mitchells and Butlers see profits slip amid cold weather and rising costs
Pub group Mitchells and Butlers has reported a profit drop of 5.4% to ยฃ141m compared with the same period last year. The company behind Harvester, Toby Carvery and All Bar One said that it was โadversely impactedโ by an estimated ยฃ8m due to weather as well as disposals made last…
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Apr- 2018 -23 AprilCatering Companies
Jamie Oliver Restaurant Group chief financial officer steps down
Crispin Holder, the chief financial officer of Jamie Oliver Restaurant Group has stepped down today after he was brought on board to steer the ailing firm through a company voluntary arrangement (CVA). A CVA was agreed earlier this year for the closure of 12 UK restaurants, alongside the group losing…
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Mar- 2018 -23 MarchRestaurants
Prezzo to shut 94 restaurants affecting 500 jobs
Italian restaurant chain Prezzo has signed a deal agreeing to shut 94 of its 300 outlets across the UK. The company approved the company voluntary agreement (CVA) in a shareholder meeting today. The CVA proposal was backed by 88% of the companyโs creditors, and will see the outlets close in…
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19 MarchBeverages
Pubs face triple tax, states CAMRA
The Campaign for Real Ale (CAMRA) ย is calling for a new deal for pubs in response to fresh data which reveals 18 pubs are being lost each week. The consumer group says that urgent action is needed to cut the tax burden placed on pubs. Pubs are being hit hard…
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