Nightcap estimates 13 days of rail strikes has cost the business about £1.2m but like-for-like (lfl) revenue has risen by almost 50%, according to the company’s interim results for the 26-week period ended 1 January 2023.
Revolution Bars Group has reported an increase in total sales from £74.1m to £76m thanks to a bumper Christmas period that saw record breaking like-for-like (lfl) pre-booked party revenue, in the 26 weeks ended 31 December 2022.
Loungers chairman and co-founder Alex Reilley believes the sector has more to be positive about than the widely predicted ‘economic armageddon’ it was expected to face as the business gets ready to open its first Brightside roadside concept.
Revolution Bars Group has reported its like-for-like (lfl) sales fell by 9% for the Christmas period versus 2019 – the last time results were not affected by Covid – adding it will close sites on Mondays and Tuesdays.
Nightcap, the owner of The Cocktail Club, the Adventure Bar Group and Barrio Familia bars, has reported an increase from £6m revenue to £36m for its first full year of trading and gross profit of £28.6m up from £4.5m.
Loungers, multiple operator of café-bar and restaurants brands Lounge and Cosy Club, is set to reinvigorate the spirit of the ’70s and ’80s in Britain with the launch of roadside dining concept Brightside.
Founder of Peach Pubs, Lee Cash, has invested in The Cat & Wickets Pub Company, which was established by cricketers Harry Gurney and Stuart Broad – who plan to have two sites open in April 2023 and five by 2025.
The Morning Advertiser's Ed Bedington caught up with award winning operator Adrian Emmett of The Lion Treorchy to hear his take on the week's news which has seen yet another Prime Minister brought step down.