By M&C Report team2004-09-05T08:01:00+01:00
Nightcap has secured its first new site for London Cocktail Club (LCC) and is in advanced negotiations on five further properties across its portfolio of brands.
Britain’s managed pub, restaurant and bar groups saw sales drop just 1% in June from the same month in 2019, according to the Coffer CGA Business Tracker boosted by good weather.
New research from CGA and AlixPartners predicts 12,000 hospitality venues could reopen next Monday, but several challenges remain for the sector. The latest edition of the Market Recovery Monitor reveals net closures across the licensed sector equivalent to 25 per day during the last 12 months.
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Pub deals such as Admiral Taverns’ acquisition of Hawthorn and Punch’s of Ram Pub Company show buyers are willing to look “forwards, not backwards”, Simon Johnson of CBRE has said.
Electric Group, the nightclub and live music venue operator backed by family that own River Island, has secured the former O2 Newcastle Academy, with plans for a UK-wide expansion drive.
The group is open to repurposing venues as part of its plans to break the 100-site mark, with several new locations in the pipeline, including a cider brew pub in Bath.
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