Drake and Morgan
Coverage of a stylish bar and restaurant group known for inventive food and cocktail concepts in urban locations. Highlights include strong festive sales lift, leadership accolades, event-driven service strategies, and agile trading models that pivot with weekday and weekend demand cycles. Crafted for F&B directors, operators, and hospitality professionals watching resilient urban dining brands scale through experiential and operational excellence.
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Dec- 2024 -20 DecemberNews-In-Brief
Today’s news in brief – 20/12/24
Drake and Morgan reported that turnover rose 5% to £45.5m for the year to 31 March. Alongside this, the company’s adjusted EBITDA rose to £4.4m, up from £4.1m the previous year. It comes as the company has stated that Christmas bookings are set to eclipse last year’s record across its…
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20 DecemberPubs and Bars
Drake and Morgan FY turnover rises 5% to £45.5m
Drake and Morgan has revealed that its turnover has risen 5% to £45.5m for the year ended 31 March 2024. Alongside this, the company’s adjusted EBITDA rose to £4.4m, up from £4.1m the previous year. It comes as the company has stated that Christmas bookings are set to eclipse last…
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Jan- 2024 -15 JanuaryNews
Today’s news in brief – 15/01/24
Drake and Morgan reported record festive trading, with like-for-like sales up 31.7% against the same period in 2022. Christmas bookings 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 the year ended 26 March 2023…
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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 -13 DecemberRestaurants
Five Guys UK joins Zero Carbon Forum
Five Guys UK is among ten new members to join Zero Carbon Forum, where it will sit alongside more than 60 operators across the industry. Zero Carbon Forum members work to “pool their resources” and share learnings to accelerate emission reduction and adapt to the impacts of climate change. All…
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6 DecemberNews
Today’s news in brief – 06/12/23
SSP reported a 38% rise in revenues to £3bn and doubled its EBITDA during FY23. This success was fueled by revenue growth and profit conversion, with a notable 25% H2 revenues increase on a constant currency basis. While North America, APAC, and EMEA regions contributed strongly, the UK and Europe…
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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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Dec- 2022 -21 DecemberPubs and Bars
Drake and Morgan sees post-covid rebound as losses narrow to £1.4m
Restaurant and bar Drake and Morgan has revealed it has seen its losses narrow to £1.4m, down from a loss of £19m, in its results for the full year ended 27 March 2022. The company posted turnover of £35.9m compared with £5.2m last year and adjusted EBITDA profit of £5m…
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Aug- 2022 -30 AugustBreweries and Distilleries
Pubs and brewers warn of closures amid energy price cap rise
Business leaders from across the brewing and pub industry have signed an open letter to the Government and leadership candidates warning small businesses will close and jobs will be lost if immediate action isn’t taken on energy bills for businesses. The most recent letter, sent on 26 August, signed by…
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Apr- 2022 -4 AprilRestaurants
Over 160 groups sign up to Hospitality For All pledge
The employment consortium Hospitality For All, spearheaded by Burger and Lobster, has welcomed 168 sign-ups from the sector since its launch last week. Hospitality businesses including The Ivy Collection, Soho House, Megan’s, D&D London, Café Nero have joined Burger and Lobster in a “united effort to help Ukrainian refugees seek…
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