Restaurants
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London restaurant openings rise – but closures rise faster
Alternative submarkets see increase in lettings as rents rocket in the heart of the capital
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US fried chicken brands hatch best-laid plans for UK growth
Chick-fil-A, Bonchon, Dave’s and more look for sites
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Closures expected as hospitality firms run out of cash reserves
There has been a net loss of more than 17,000 venues since December 2019
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Restaurant openings in London rise, but more are shutting their doors
253 restaurants opened in the capital last year, but 2024 looks bleak
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Slimmed-down Bill’s set to expand again
The restaurant group is looking to grow after shedding 12 underperforming sites
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Landsec serves up Gaucho’s Wales debut
Steak restaurant to take 8,000 sq ft at St David’s centre
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Creams Café whips up global expansion drive
Dessert parlour targets pipeline of 300-plus overseas locations
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JP Morgan toasts Old Street sake bar
Edo Izakaya signs for 1,894 sq ft space
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Four food brands sign up to Rotherham’s Forge Island
Deal brings Casa Peri Peri, Estabulo Rodizio/Sakku Samba, and Caffé Noor to area
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Square Mile loses 14% of restaurants
One in seven premises have closed since 2020
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Two-thirds of top restaurants in the red
Inflation has piled pressure on top of stresses caused by Brexit and Covid
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Restaurant insolvencies rise by 60%
1,406 restaurants in the UK closed their doors in the 12 months to May, up 64% on the previous year