Arc Inspirations to expand in Nottingham and Sheffield
This comes after Arc recently secured a total of £7m in extra funding to accelerate its expansion across the UK
Arc Inspirations, which operates Banyan, BOX and Manahatta chains, has announced its plans to open new sites in Nottingham and Sheffield this year.
The new openings aim to build on Arc’s city centre growth strategy, which will see the group operate 50 bars by 2030.
After launching Manahatta Sheffield in early 2023 and BOX Nottingham in November last year, Arc will double its presence in both cities with the launch of BOX Sheffield and Manahatta Nottingham this autumn.
This comes after Arc recently secured a total of £7m in extra funding to accelerate its expansion across the UK.
A £4m loan was secured from HSBC UK and the other £3m was an equity injection from its shareholders, which includes BGF. The capital will support the group’s continued growth plans, and also fund a major programme of refurbishments.
The three new sites will create around 225 new jobs, with team members at all levels able to take advantage of Arc’s industry-leading training and development programmes and immerse themselves in the company’s famous culture.
Martin Wolstencroft, co-founder and CEO of Arc Inspirations, said: “We’re thrilled to be doubling our presence in the centre of Nottingham and Sheffield, two cities where we’ve seen great success in the last year, and we can’t wait to unveil our new-look Manahatta design.
“The new sites in Nottingham and Edinburgh mark a significant evolution for the brand, and the new design will be rolled out across existing Manahattas over the coming months.”
Arc is also eyeing further launches in London, Liverpool and Cardiff in the near future, and will look to dispose of legacy sites which “don’t fit the future strategy of the business”.
