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By M&C Report team2008-05-09T15:45:00+01:00
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.
Whitbread is yet another business banking on a boom in staycations this summer to help it recover some of the £1bn loss it racked up last year.
Whitbread, the hotel and restaurant operator, has reported a statutory loss before tax of £1bn, as revenue fell 71.5% to £589.4m during a year of lockdowns and restrictions.
While the reopening of indoor dining is good news for operators, it will be against a background of “much of the hospitality sector remaining on the precipice of major failure”, according to Jeremy King, co-founder and CEO, Corbin & King.
Giggling Squid, the BGF-backed Thai restaurant chain, is to open a 3,800 sq ft restaurant at Aquila Holding’s Bond Street mall in Chelmsford.
Wendy’s is speaking to 20 potential franchisees in the UK about its expansion ambitions.
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