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Fri 15th Nov 2024 - Bootlegger Bars secures £2m funding as it looks to add four sites over next year, hires Karen Bosher as CEO |
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Bootlegger Bars secures £2m funding as it looks to add four sites over next year, hires Karen Bosher as CEO: Bootlegger Bars – the prohibition era-themed pub concept from former New York bar owner Lee Miller – has secured £2m in funding as it looks to add four sites over the next year, and has hired Karen Bosher as its new chief executive. Having launched in 2014, Bootlegger Bars has venues in Brighton, Bristol, Cardiff, Exeter and Leeds, and earlier this year opened its sixth site and first in London. The speakeasy-inspired concept, which opened at 5 Hill Street in Richmond, offers an elevated food and cocktail menu and live music experiences from the 1920s through to the 1960s. The company has now announced the successful closure of a £2m funding round led by SVN Capital, an investment firm based in Dubai. It said the investment will “enable Bootlegger Bars to expand its footprint and enhance its offerings in the dynamic hospitality sector”. The company said that as part of its “ambitious growth strategy”, it plans to open four additional venues over the next 12 months. Leading the expansion will be Karen Bosher, who has been hired as the company’s new chief executive and non-executive director. Also a non-executive director at independent south London pub group Livelyhood, Bosher is a former chair of Greene King’s Venture Brands, leaving at the end of 2022 to pursue other interests. Bosher, who was previously at JJB Sports and Mothercare, originally joined Greene King in 2013 as an operations director for its local pubs division. She also had stints as business unit director for Greene King’s London pubs, and for its Metropolitan Pub Company arm. She also ran the Locals division after the departure of chief operating officer Richard Lewis in 2019. In February 2020, she was appointed managing director of the pub company’s Premium, Urban and Venture Brands division and joined Greene King’s executive board. Bootleggers Bars said that with “extensive experience in the hospitality industry and a proven track record of driving growth and innovation, Karen is poised to lead Bootlegger Bars into its next chapter of success”. Bosher added: “We are incredibly excited about this new partnership with SVN Capital and the opportunities it brings for Bootlegger Bars. With their support, we are ready to take our brand to new heights and bring our unique offerings to more locations.”
Premium Club members to receive next Turnover & Profits Blue Book today featuring more than 1,000 companies, videos from Multi-Club Conference on 22 November: Premium Club members will receive the next Turnover & Profits Blue Book today (Friday, 15 November), at noon. The database will feature 114 updated accounts and 16 new companies, taking the total to 1,110. A total of 644 companies are making a profit while 376 are making a loss. The Blue Book is updated each month and ranks companies by turnover, profit and profit conversion, listing directors' earnings for the past five years. Premium Club members will also receive all the videos from the final Propel Multi-Club Conference of 2024 on Friday, 22 November, at 9am. They include Tim Shield, partner at leading sector licensing firm John Gaunt, examining all the key legal developments that impacted multi-site operators in 2024, setting out the latest legislation impacting the industry, and analysing the immediate and long-term legislative commitments a new government must consider if it is to aid the sector’s return to growth. Meanwhile, Gillian Nicholson, sales director at Zonal, talks to Rosie Lewis-Marsh, advisor to Our Yummy Collection, and Kat Schofield, head of sales and marketing at Gusto, about customer loyalty in hospitality and how this compares with other sectors, including a deep dive into the DNA of loyalty and what that means outside of loyalty programmes and reward schemes. Premium Club members also receive access to five other databases: the Multi-Site Database, the New Openings Database, the UK Food and Beverage Franchisor Database, the UK Food and Beverage Franchisee Database and the Who's Who of UK Hospitality. All Premium Clubs members will be offered a 20% discount on tickets to Propel paid-for events including Restaurant Marketer and Innovator (two days in January 2025) and Excellence in Pub Retail (May 2025). Operators that are Premium Club members are also able to send up to four members of staff to each of our four Multi-Club Conferences for free. Premium Club members receive their daily Propel Info newsletter 11 hours earlier than standard subscribers, at 7pm the evening before. They also receive videos of presentations at eight Propel conference events two weeks after they are held. This represents around 100 videos of industry insight over the course of the year. Premium Club members will be sent a dedicated monthly newsletter that will highlight key updates in the sector and direct subscribers to all the vital content their membership offers. Premium Club members also receive exclusive opinion columns every Friday at 5pm, which include the thoughts of Propel group editor Mark Wingett and a host of industry leaders from across the sector. In this week’s Premium Opinion, Graeme Smith, managing director at AlixPartners, models the Budget’s impact on the sector and what factors businesses need to be wary of to understand which sites have the headroom to absorb higher costs. Meanwhile, Elliott Goldstein, managing partner The MBS Group, examines the progress of equity, diversity and inclusion within the hospitality, travel and leisure industries, and the areas that need improvement, and Meaningful Vision chief executive Maria Vanifatova looks at what to expect with pricing next year following the Budget. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier. Email kai.kirkman@propelinfo.com today to sign up.
Nando’s expands apprenticeship programme to Scotland and launches full hospitality career pathway: Nando’s has expanded its apprenticeship programme to Scotland and launched a full hospitality career pathway. The company has opened applications for Level 2 to Level 5 apprenticeships in the country, to offer a full career pathway in the hospitality sector. It comes as Nando’s also launches its Level 5 apprenticeship in England, now offering a dedicated apprenticeship pathway from entry level to managing director. The Level 5 ‘Pathway to Strategic Leadership’ apprenticeship, which is certified by The Chartered Management Institute, provides Nando’s apprentices across England and Scotland with a clear development and career path to management. The launch of the programme in Scotland means opportunities are now available across more than 450 Nando’s restaurants. Nando’s has already welcomed 20 apprentices onto the programme in Scotland, and more than 20 apprentices onto the Level 5 Pathway to strategic leadership programme across Scotland and England in this cohort alone. Since launching the programme in England in 2017, and having launched its Hospitality Heros Level 2 programme in 2023, Nando’s has trained 350 apprentices across its restaurants and central support. Maria Horn, chief people officer at Nando’s, said: “At Nando’s we’re passionate about our people and championing rewarding careers in the hospitality sector. Our training and development standards are recognised as industry-leading in creating a clear career path and equipping people with the skills they need to get into, or back to, work. Introducing the Nando’s apprenticeship programme in Scotland brings this opportunity to even more future Nandocas across the UK and, together with the launch of our Level 5 apprenticeship programme in England, marks the next step in our investment in hospitality careers. We look forward to helping more Nandocas to rise up all the way from Level 2 to management level.”
Scottish hotel and wedding venue operator falls to loss as revenue remains below pre-covid levels: Scottish hotel and wedding venue operator Gretna Green has reported turnover increased 13% to £14,429,292 for the year ending 25 February 2024 compared with £12,774,121 the year before. Revenue remained below the £15,331,980 reported for the year ending 28 February 2020 – the last full year before the covid pandemic. The company, which operates the Gretna Hall Hotel, Smiths at Gretna Green Hotel and Gretna Hall, saw underlying Ebitda fall to £268,785 from £799,542 the previous year (2020: £1,557,266). The group, which employs around 240 staff, posted a pre-tax loss of £832,710 compared with a profit of £269,859 the year before (2020: profit of £1,064,628). In their report accompanying the accounts, the directors stated: “Ongoing international covid-19 restrictions inhibited the retail side of the business in the first half of the financial year, with visitors slowly returning thereafter. Weddings ended the year strong. One of the hotels was closed for January and February 2023 due to refurbishment. The increase in turnover was driven by the demand for weddings and putting more beds on beds in hotels.” The business received £28,936 in government grants (2022: £5,072). No dividends were paid (2023: £92,480).
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