All Late Night Bars and Clubs articles – Page 5
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Analysis & InsightSignificant number of consumers planning cuts to nights out
More than three-quarters of consumers are planning to cut down on nights out, the latest Rekom Night Index has found.
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InterviewsRekom UK: ‘We are focused on expanding our party bar estate’
With fewer opportunities for large nightclub sites and a strong existing portfolio, Rekom is looking to drive future growth through its pub and bar venues, chairman Peter Marks told MCA.
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NewsRekom posts strong revenue growth
The UK arm of the business is currently the group’s strongest performing division, achieving EBITDA of £18.4m in 2022
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InterviewsSarah Willingham on her ‘mad’ plan to buy cocktail bars
Multi-millionaire investor and entrepreneur Sarah Willingham tells the Mail on Sunday how she sold her first business for £10m at the age of 32
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InterviewsNightcap: ‘Rail strikes are our biggest challenge’
Sarah Willingham, CEO of the bar group, tells MCA it was “absolutely disgusting” strike action was allowed to continue and that the impact on sales was “really significant”
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NewsNightcap sees strong half-year sales growth
Nightcap has announced a strong period of trading over the festive period, with like-for-like revenue up 27.6% in December
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Analysis & InsightLate night venues hit by 20% drop in festive trade
More than 50% of respondents said they did not make enough profit to cover cash reserve requirements for the slower periods, according to a NTIA survey
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NewsConcerns UK is losing world-renowned nightclub culture
The government is failing to recognise the importance of nightclub culture, and has limited knowledge of its value, the NTIA has warned.
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NewsNightcap: ‘Opportunities won’t be missed’
Pausing its roll-out doesn’t mean property opportunities will be missed but that Nightcap will be in a better position to take advantage of them next year, CEO Sarah Willingham has said.
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NewsNightcap appoints group FD
Lizi Hills joins the late-night operator as its group finance director, from her role as head of finance at Various Eateries.
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Analysis & InsightWhy the UK’s nightclubs are facing extinction
Rising rents, noise complaints and gentrification are putting our nightlife at risk, writer and DJ Bill Brewster warns in The Times
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InterviewsNightcap: ‘There’s no time for mediocrity in a recession’
CEO Sarah Willingham speaks to MCA about focusing on the core brands, pausing rollout plans, and branching out into an all-day offer
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Analysis & InsightLate night businesses facing ‘untenable’ energy costs
Many businesses are facing an increase in energy costs of +300% despite the government’s support package, the NTIA has said.
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NewsNightcap announces further opening
Nightcap has secured a site in Watford for the opening of a further Barrio Familia bar as the group looks to expand the brand outside central London
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InterviewsRekom UK has confidence to build strong pipeline
The late-night club and bar operator has ”the potential” to open a further +10 venues during the remainder of 2022, chairman Peter Marks has told MCA
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NewsRekom UK in ‘rude health’
The late night operator said its target audience of 18-24 made it less likely to feel the impact of a pending recession compared to businesses with an older demographic
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NewsRekom makes further Cardiff acquisition
The late-night bar and club operator has acquired Story nightclub, which will become its fifth venue in the city
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NewsThousands of late-night operators call for support
More than 6,000 letters have been sent to MPs from night time economy and hospitality businesses calling for an emergency support package from government, the NTIA has said, as operating costs become “untenable”
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NewsEnergy costs overtaking rent and rate combined
The cost of utilities is now the second biggest operating cost business in the night time economy, the NTIA has claimed
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NewsNightcap secures flagship site for Barrio Familia
The late-night bar operator has signed a lease for the former Tropicana Beach Club for its first Barrio opening since the acquisition last November.