Today’s news in brief – 07/04/25

Hospitality venues will be released from red tape which stifles business as the government “backs the British night out”, after revealing its new Plan for Change initiative. Action includes moves to improve the application of licensing laws and strengthen businesses’ competitiveness, giving diners, pub and party-goers more time and more choice to enjoy what British hospitality has to offer. It also includes a landmark pilot that could see more alfresco dining and later opening hours in London.

Wells and Co saw its revenues rise by 5.6% to £65.8m in the year to 30 September 2024, despite tough trading conditions. As well as a revenue uplift, group EBITDA rose by 4.2% to £9.9m during the period. The group’s investment in its estate happened later in the financial year, and was funded by the disposal of land and assets that were no longer driving a return on investment. Growth comes despite the industry’s documented battle against the rising cost of living, fluctuating consumer confidence and the changes in political leadership.  

Kricket has signed for a new restaurant located in London’s Covent Garden. The Modern Indian concept is set to open in Neal’s Yard, and will complement a selection of F&B concepts and add diversity to the destination’s dining scene. Opening later this year, Kricket will serve a blend of Indian-inspired flavours and have room for over 130 diners across 4,000 sq ft. This announcement follows the news that French-Japanese fusion brand, Café Kitsuné, is to open in Covent Garden’s Seven Dials neighbourhood this Spring. 

Brakspear is adding to its Honeycomb Houses managed division with the purchase of The Redesdale Arms in Moreton-in-Marsh in the Cotswolds. The acquisition bolsters Honeycomb Houses’ presence in the Cotswolds and takes the total estate up to 11 sites. The Redesdale Arms is a Grade II-listed building on Moreton-in-Marsh High Street, offering food and drink alongside 35 en-suite rooms in the main building and converted stable blocks. The estate has grown through acquisition and transfers from Brakspear’s leased and tenanted division.