Consumers are eating out more than ever, driven by increased disposable income and the growing number of chain restaurants infiltrating the British high street. In this exciting time, Pragma asked where the opportunities are across England, and how restaurants should tailor their offer to regional differences A growing space Overall market growth is occurring at the … [Read more...]
Starwood Capital buys extended-stay portfolio
Starwood Capital Group has acquired a portfolio of four extended-stay hotels and one residential complex in London for £206 million ($312 million). The hotel properties are located in two of London’s top emerging submarkets: Tower Bridge/Bermondsey and Earls Court/Kensington. The hotels, which were constructed in 2008 but are currently unfinished and partially operational, … [Read more...]
Jamie’s Italian to open near London Bridge
Shelley Sandzer, the leading leisure property specialist agency, has secured a new 6000 sq ft flagship site for Jamie’s Italian at More London, Tooley Street. Shelley Sandzer acted on behalf of Hilton Hotels in the deal, which sees the popular restaurant led by Jamie Oliver, open underneath the Hilton in Spring 2015. The flagship restaurant will be split over the ground … [Read more...]
£7 million investment in Honest Burgers
Active Private Equity is reported to be taking a major stake in fast-growing gourmet burger chain Honest Burgers. Active is a venture capital and private equity specialist and owns stakes in Evans cycles shops as well as Leon restaurants. It is reportedly investing £7m in return for 50 per cent of the business. Spencer Skinner of Active will be joining the Honest Burger … [Read more...]
New MD for Nestlé Professional UK & Ireland
Nestlé Professional UK & Ireland has announced the appointment of George Vezza as Managing Director, with effect from 1 February 2015. Prior to joining Nestlé Professional as Sales Director in 2011, Vezza was based in Switzerland as Assistant Vice President of Nestlé’s Global Sales & Marketing function. He formerly worked with Nestlé Canada and Nestlé Caribbean … [Read more...]