By M&C Report team2005-12-04T18:44:00+00:00
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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The group has just opened its 36th site, The Rose Inn in Wokingham, following a £2.1m restoration and redesign project, with another 11 sites due to open before the end of 2023.
The late-night sector has struggled to fill vacancies since it reopened in July after many people left the industry due to the prolonged shutdown period during the pandemic.
Stephen Thomas, founder of Britain’s largest nightclub group Luminar, is making his return to the late-night sector with a new bar and nightclub business.
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