Inception Group

Today’s news in brief – 04/10/24

Wetherspoon has posted a profit before tax of £73.9m for the year ended 28 July, spelling a rise from £42.6m against the previous year. Alongside this, the company saw its revenues top £2bn in the period, up from £1.9bn last year. The chain now operates 800 pubs, down from 879…

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Inception Group revenues jump 16.7% in FY23

Inception Group’s turnover hit £26.5m in 2023, a 16.7% increase from £22.7m in 2022, as the 2023 financial year ended. The hospitality group, which owns venues including Bunga Bunga, Cahoots, and Mr Fogg’s, now forecasts a “record-breaking” year with projected revenues of £29m in 2024.  However, group EBITDA during the…

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Inception Group to launch Mr.Fogg’s Pawnbrokers bar

London bar operator Inception Group has announced the launch of new bar Mr Fogg’s Pawnbrokers on Dean Street, Soho. Sitting on the former Venise L’Entrecote site at 50 Dean Street, the 140-capacity venue will be separated into three areas; The Pawnbrokers Counter, The Strong Room and The Textiles Store. On…

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Battersea Power Station Restaurants set to open

Battersea Power Station is set to re-open on Friday 14 October, with restaurants including Le Bab, Where The Pancakes Are, Poke House, Clean Kitchen Club and Paris Baguette set to open their doors to the public. Also launching is Control Room B, a new bar concept from Inception Group, London’s…

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Inception Group to open new bar in Battersea Power Station

The Inception Group has announced it will open a new 1950s bar concept inside Battersea Power Station’s control room B from 14 October. The experience will take inspiration from its iconic architecture and history, as staff will don utilitarian boiler suits in a nod to the Power Station’s employees back…

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Gen Z spending 68% more in restaurants, pubs and bars

The hospitality industry continues to recover as 58% of UK consumers are spending the same or more each restaurant and bar visit than they were pre-pandemic, with Gen Z driving the return of business, according to a new study from SevenRooms.  The research from SevenRooms, which polled over 2,000 UK…

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VAT rise to result in double-digit price increases, UKH warns

VAT in hospitality will rise from 12.5% to 20% on 1 April 2022, which UKH said “will result in double-digit price increases for consumers as operators struggle to survive” as the sector is forecasting cost inflation running at 18%. Recent business surveys show the industry is facing a 95% hike…

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London Gin Club to join Inception Group

The London Gin Club has announced that it has become a part of the bar, restaurant, and club operator Inception Group. Founded in 2009 with the opening of Barts in London, the group will now operate with a brand portfolio of six. Due to relaunch in September, the London Gin…

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Casual Dining 2020 confirms over 65 keynote speakers

Casual Dining, the restaurant, pub and bar event, has confirmed it has added CEOs, founders and senior directors from YO!, London Union, Loungers, Carluccio’s, Byron, Flat Iron, Imbiba, Pizza Pilgrims, Wahaca, Dishoom, Busaba, Yard & Coop, and Hippo Inns to its lineup of over 65 keynote speakers. The event, which…

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Mrs Fogg’s Maritime Club and Distillery opens in The City

The Mrs Fogg Maritime Club and Distillery inspired by Aouda, the explorer Phileas Fogg’s Indian wife, in Jules Verne’s adventure novel, Around The World in 80 Days has opened at Broadgate Circle, London. The bar will serve up cocktails and dishes with a nod to the character’s heritage and her…

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