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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Apr- 2024 -2 AprilPubs and Bars
Revolution Bars shares suspended amid uncertain future
Revolution Bars has had its shares suspended from trading on AIM after it failed to produce its interim financial results. The company was required to publish its results by 30 March 2023 but was unable to do so. It follows the closure of eight Revolution bars across England in January…
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Mar- 2024 -4 MarchNews
Todayโs news in brief – 04/03/24
Foodservice price inflation decreased to 12.6% in January, according to new figures by the CGA Prestige Foodservice Price Index. It stated that the figures male up the seventh successive month-on-month fall in inflation as markets adjust to falling commodity pricing. Papa Johns will be closing 50 takeaways across the UK…
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4 MarchFood and Drink
Papa Johns set to close 50 โunderperformingโ UK sites
Papa Johns has announced that it is set to close 50 takeaways in the UK as a result of underperformance. The pizza chain, which runs more than 450 UK sites, has stated that the sites signposted for closure had accounted for two thirds of its Q4 operating losses in the…
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Feb- 2024 -29 FebruaryTrade Associations
Hospitality bosses back UKH’s call for action at upcoming Budget
Hospitality CEOs from groups including Mitchells and Butlers, Accor Hotels, Stonegate Pubs and Crerar Hotels have signed an open letter urging the Chancellor to take immediate action at the budget to prevent further business failure.ย ย In the letter, UKH and a total of 112 business leaders highlighted how rising costs,…
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26 FebruaryNews
Todayโs news in brief – 26/02/24
Red Engine, owner of Flight Club and Electric Shuffle, has posted sales of ยฃ67m for 2023, up 26% year-on-year. It also revealed that Red Engine venues and partner venues sales when combined exceeded ยฃ100m for 2023, up 28% YOY, with like-for-like sales increasing by 10%. Danieli Holdings posted losses of…
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26 FebruaryPubs and Bars
Danieli Group falls to FY loss despite turnover hitting ยฃ9.8m
Newcastle-based Danieli Group Holdings, the hospitality company behind the Stack leisure brand, revealed turnover of ยฃ9.8m during the year ended April 2023 despite an operating loss of ยฃ268,958.ย The group attributed this to the closure of Stack Newcastle in May 2022, which meant that Stack Trading Ltd and Stack Containers…
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5 FebruaryNews
Todayโs news in brief – 05/02/24
Pubs and bars saw a third successive week of negative sales in January, CGA has revealed. Average sales in managed venues in the week to last Saturday (27 January) were 4% behind the same period in 2023, but ahead of the previous weeks in January which saw a heavier dip…
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5 FebruaryRestaurants
Christieโs to auction Le Gavroche wine collection following closure
Christieโs has announced an online auction for Le Gavrocheโs wine collection, in a sale that will also feature works of art and selected stories objects.ย News of the auction comes as Le Gavroche closed its doors to the public for good on 13 January after 57 years.ย Running from 10…
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1 FebruaryBusiness
800 licensed premises lost in Q4
The number of licensed premises in the UK dropped by 0.8% in the fourth quarter of 2023, with a net loss of 803 in the three months, according to data from CGA. It represents an acceleration of closures from the third quarter of last year, when numbers fell by only…
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Jan- 2024 -8 JanuaryNews
Todayโs news in brief – 08/01/24
Drinks sales in the UK saw 7% year-on-year growth in the two weeks ended 30 December 2023, according to data from CGA. Other notably strong days included โMad Fridayโ (22 December), when sales were up by 21%. It was a more difficult festive season in the spirits category where sales…
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