Greater London

Today’s news in brief – 04/03/25

Various Eateries has reported a revenue uplift of 9% to £49.5m in FY24, which was largely driven by new site openings. The hospitality group also managed to hit adjusted EBITDA profits of £0.3m – up from a loss of £2.2m a year before – due to “a solid trading performance…

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Boxpark granted Shoreditch lease extension until September 2025

Boxpark has announced that its original flagship Shoreditch location will remain open until the end of September 2025 following support from the landlords Ballymore and Hammerson, the local community and its key stakeholders including Greater London Authority (GLA) and London Boroughs of Hackney and Tower Hamlets. Since its opening in…

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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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Today’s news in brief – 21/03/24

Shepherd Neame has reported record revenue growth of 4.3% to £89m in H1 2024. For the 26 weeks ended 23 December 2023, the group also saw its underlying EBITDA increase 5.2% to £12m and its underlying profit before tax grew by 9.9% to £3.8m. Retail like-for-like drink and food sales…

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Chipotle to open new Tottenham Court Road location

Chipotle Mexican Grill has announced it is opening a new restaurant at 64 Tottenham Court Road in London on 28 March. Chipotle currently has 18 locations in the greater London area and is the only company of its size that owns and operates all of its restaurants in the US,…

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Chopstix continues expansion with Lincoln opening

Chopstix, has continued to grow its portfolio with franchise partner RTL Enterprises by opening a new site in Lincoln. The new unit, located on Lincoln High Street, follows several high-profile openings for the franchisee in 2023 This includes the Baker Street site in central London, which launched in October of…

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Today’s news in brief – 06/03/24

The Gentlemen Baristas has been bought out of administration and sold for £785k. The chain previously called in an administrator from Parker Getty Limited back in January, after being “adversely affected” by higher costs of materials as well as the costs of sales and staff.  Darwin and Wallace reported a…

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Darwin and Wallace sales rise 1.8% in ‘challenging’ year

Darwin and Wallace, the operator of eight Greater London bar-restaurants, has reported a 1.8% rise in sales to £17.8m for the year ended 28 May 2023, despite macroeconomic challenges over the period.   The group has attributed the erosion of its sales conversion and profits to an “incredibly” tight labour market…

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Today’s news in brief – 30/01/24

Tortilla will be opening four new locations with SSP this year, with a further pipeline of sites to open as part of the franchise partnership in 2025. Currently, the SSP and Tortilla franchise partnership includes five sites across the UK, with the Manchester Piccadilly train station being the most recent…

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Chipotle to open first location in Uxbridge

Chipotle has announced that it is set to open its first restaurant in Uxbridge, London on 5 February. Chipotle currently has 17 locations in the Greater London area and is the only company of its size that owns and operates all of its restaurants in the US, Canada, and Western…

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