While most businesses hit the wall during the pandemic, Sarah Willingham saw there was a pent-up demand for socialising in hospitality together with a power shift towards tenants from landlords and decided to form Nightcap to get the party started.
A new Tonight Josephine bar that opened on Friday 30 September has been renamed Tonight Sophie after a social media competition to rebrand the bar in the name of a woman was won by resident Sophie Turner.
Some 20% of consumers felt strongly that venue owners should be open and honest about rising costs to soften the blow and extend consumers’ understanding of the challenges the sector is facing, a survey has found.
Steven Kenee is to leave his role as chief investment officer at Oakman Group. Kenee joined Oakman three years ago from Downing where he had grown to admire the company while managing Downing’s investment into the business.
Nightcap, the owner of The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, has reported a 23.6% like-for-like revenue increase for the final 13 weeks of its financial year, ended 3 July 2022.
The latest property news includes a joint investment including Star Pubs & Bars, a new acquisition for an experienced multiple operator, Liberation selling a number of pubs to Red Oak Taverns and more.