UK spirits marketing and distribution specialist Hi-Spirits has reported 9.3% turnover growth to 16.5m, 12.4% gross profit growth to £3.72m and 166% operating profit growth to £417k for the year to 31 March 2015. The company, which distributes brands such as Antica Sambuca, Buffalo Trace bourbon, and Brokers Gin, has also reported sales for the first two months of the … [Read more...]
Frugal Brits opt for staycation
Brits are demonstrating that they are prepared to forego an overseas holiday for the benefit of a well-deserved staycation as they continue to cautiously monitor their spending, according to the latest Greene King Leisure Spend Tracker. The Leisure Spend Tracker has shown that, while consumers are increasingly treating themselves to a holiday, they are still cautious when it … [Read more...]
Sales up for Caring and Caprice Holdings
The Sunday Times reports that Richard Caring’s restaurant and nightclub empire enjoyed significant sales progress in 2013. After another busy 2014, we can expect still more progress when results are reported. Caprice Holdings, which operates many of London’s best known fine dining establishments including the Ivy (pictured above), Le Caprice, Scott’s and J Sheekey, had sales … [Read more...]
Silverburn leisure extension opens with 11 restaurants
Hammerson has opened its new £20 million leisure extension at Silverburn in Glasgow. The 100,000 sq ft development is anchored by a 50,000sq ft 14-screen Cineworld and features 11 new restaurants, including Carluccio’s, Chimichanga, Cosmo, Zizzi, Pret, TGI Friday’s and Five Guys. Completion of the extension to Silverburn marks the most significant investment project … [Read more...]
The case for championing the Night Time Economy
The Night Time Industries Association (NTIA) has released ‘Forward into the Night’, a report by Professor Frank Furedi on the changing landscape of Britain’s cultural and economic life. The report makes it very clear that the Night Time Economy (NTE) now makes a major contribution to the UK economy – not just in London – that needs to be more widely recognized and … [Read more...]