SSP Group, the leading operator of food and beverage outlets in travel locations worldwide, has announced trading for the first quarter of its financial year ending 30 September 2015, covering the period from 1 October 2014 to 31 December 2014. Douglas Jack of Numis commented: “In Q1, LFL sales rose 2.7%, slightly below the c.3.3% rate that the company generated … [Read more...]
Spaghetti House Knightsbridge closes
Spaghetti House Ltd has announced that its branch at 77 Knightsbridge, London SW1X 7RB will officially cease to trade after 46 years, on Thursday 29 January 2015. Along with the other shops and the flats also part of the building, Spaghetti House is obliged to relinquish its lease after landlord Cheval Property Holding Limitedconfirmed that it is redeveloping the whole … [Read more...]
The Hospitality Show 2015’s New Year’s Resolutions
The Hospitality Show returns this January to celebrate the very best of British. As the three-day show, held at NEC Birmingham (19th-21st) approaches, we take a look ahead to some tantalising ‘must-do’s’ for your show checklist. Bag a Business Mentor Are you stumped by social media? Curious about crowdfunding but unsure of the right path? These are just some of the … [Read more...]
Coming from Drake & Morgan…The Refinery at Regent’s Place
Drake & Morgan – with a string of seven successful bars and restaurants throughout London – has announced the opening of The Refinery in Regent's Place this spring. A return to the name of Drake & Morgan's first-ever opening, The Refinery on Bankside, the new launch will be spread across one floor amidst the offices of Regent's Place, complete with bar, restaurant, … [Read more...]
Boston Tea Party doubles EBITDA, Christmas LFL trading up 28%
Boston Tea Party, the Bristol based café chain, reports 100% growth in group EBITDA to just shy of £1m for the year ending 22 October 2014. Strong LFL sales growth of 11.5% for the year is driven by both increased transaction values and increases in footfall. The 4 recent new openings not yet included in like-for-like figures take the estate total number to 15 and drive … [Read more...]