Savills

Today’s news in brief – 30/04/25

Starbucks has seen its consolidated net revenues rise by 2% to $8.8bn (£6.5bn) in Q2, despite global comparable store sales declining 1% due to a 2% fall in transactions. In North America, comparable store sales saw a 1% fall that was driven by a 4% decline in transactions, though this…

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Costa Coffee kickstarts expansion plans with Savills

Costa Coffee has kickstarted its nationwide high street and shopping centre acquisition plans with the appointment of Savills as advisors.  Savills has worked with the company on its high street expansion across the South West, Wales and Scotland for close to 20 years, and now the operator has extended the…

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Today’s news in brief – 13/02/25

Chopstix has appointed Savills as its advisor to expand its existing portfolio, following a strategic investment in the brand from QSRP in October 2024. The chain plans to focus on high-traffic, prominent, and thriving areas, including high streets, shopping centres and travel hubs – all of which benefit from “substantial”…

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Chopstix appoints Savills as advisors amid ‘significant’ expansion plans

Chopstix has appointed Savills as the sole advisory agent as it looks to significantly increase its existing 150-strong store portfolio. Following strategic investment in the brand from QSRP in October 2024, Chopstix has set out to accelerate growth across the UK and Europe. The brand plans to focus on high-traffic,…

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Glasgow sees highest volume of F&B deals in 2024

Glasgow city centre saw the highest volume of F&B transactions for over six years in 2024 with over 34 new openings, signifying a 25% rise on the year before, according to Savills.  Of those 34 openings, almost 90% were local independent operators. This is a marked change since 2023, when…

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Black Sheep Coffee to open Bristol site

Black Sheep Coffee has agreed to let Urban Creation’s commercial space at 60 Queens Road, Bristol, which is split across the ground floor and basement.  Previously occupied by Vodafone, the cafe chain will open in the 2,724 sq ft unit soon on a 15-year lease.  The arrival of a Black…

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Honeymoon Desserts opens first European flagship in London

Honeymoon Desserts has opened its first European flagship site on a lease at 33 Shaftesbury Avenue, London.  The new restaurant, which comprises 1,303 sq ft and is spread over ground and basement floors, is in the heart of London’s West End and a stone’s throw away from Chinatown.  Neighbours of…

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Today’s news in brief – 02/05/24

Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during Q2. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the International segment declined 5% in Q2 FY24, primarily driven by an…

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Rarebreed Dining appoints Savills on strategic business and real estate review

Rarebreed Dining has appointed international real estate advisor Savills to assist with a strategic review of the business and its property assets as it gears up to consider options. The steak focussed pub company currently operates from The Plough Inn, Cobham (leasehold), The Shurlock Inn, Twyford (freehold) and The Waverley…

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Carmel to launch new site in London’s Fitzrovia

Mediterranean restaurant and bar Carmel has signed a 15-year lease for 7-8 Market Place, Fitzrovia, which marks its second site in London following the success of Carmel in Queen’s Park. The group also operates Berber and Q in East London and Shawarma Bar in Exmouth Market. The new 95-seater restaurant…

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