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.

Jul- 2023 -

26 July

Venues & Properties

One in 18 licensed venues closed for good in past year

Britain has lost roughly one in 18 of its licensed premises, which makes up 5,736 pubs, hotels, restaurants, bars and cafes, in the last 12 months, according to the new Hospitality Market Monitor from CGA by NIQ and AlixPartners. The current closure rate means that about 5% of the market…
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24 July

Restaurants

Brian Maule at Chardon d’or in Glasgow announces closure

Maule opened the restaurant in 2001 serving seasonal Scottish food after working alongside chefs like Michel Roux Jr and Albert Roux. In an announcement on Facebook restaurant Brian Maule announced its closure after 22 years of business. Detailing that the closure was due to the ‘financial burden of the new…
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19 July

Pubs and Bars

Hospitality businesses fear closure as no-show diners cost £90 per head

No-show diners are costing restaurant owners almost £90 per head as a result 18% of restaurant, pub and bar owners consider closing for good, according to new data from Barclaycard Payments. The data revealed that with the majority (60%) of customers giving 24 hours or less notice when cancelling their…
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14 July

Pubs and Bars

The Bell Foundry pub to reopen after securing £130,000 investment

The Bell Foundry pub in Loughborough is set to reopen its doors on Friday 21 July following a £130,000 investment by the Craft Union Pub Company. The pub, which shares its name with the Bell Foundry Cathedral has had a short closure to undergo works revitalising the site. The renovation…
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Jun- 2023 -

29 June

News

Hydes brewery invests £3.6m in new Wirral site

Hydes, a leading North West brewery and pub retailer has acquired premises in Heswall, on the Wirral, Merseyside, and is set to open a new pub restaurant that will create at least 35 jobs. Salford-based Hydes brewery has acquired the building on Telegraph Road, which will see the conversion of…
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9 June

Restaurants

Market Place London launches in Peckham

London’s street food restaurant and bar brand, Market Place London, has announced it will be opening the doors to a new venue in Peckham’s high street later this summer. The news follows the closure of the team’s previous Peckham venue, located at the same site. Located at Unit 10, The…
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May- 2023 -

22 May

News

Fazenda’s sales hit £20m in FY23

South-American restaurant brand, Fazenda Group, which operates five regional sites across the UK, reported a 37% year-over-year growth in FY23. Sales for the group surpassed £20m for the first-time in the thirteen years that the company has been trading, even with the closure of its Chester site in 2021 as…
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3 May

Business

Hospitality loses 4,600 venues in 12 months

Britain has suffered a net decline of 4,593 licensed premises in the last year to March 2023, according to the Hospitality Market Monitor from CGA Strategy. The drop is equivalent to 4.3% of the licensed sector since March 2022, and an average of 12.6 closures a day. In better news,…
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2 May

Pubs and Bars

Greene King revenues surge to £2.18bn

Greene King has announced that its revenues grew 62% to £2.18bn for the 12 months ended 1 January 2023. Profit before tax rose to £66.9m from a loss before tax compared with the previous year which saw the closure of all pubs for the first 15 weeks of the financial…
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Apr- 2023 -

24 April

News

Prezzo to shut down 46 restaurants

Italian restaurant chain Prezzo has announced a strategic review of its business that will see the closure of 46 of its sites. The move will affect more than 800 workers who will risk redundancy, although the company said that it will try to “redeploy as many staff internally as possible…
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