chain

A PUB chain in the UK has been named the best for hotels in the UK – beating some very big names.

A new study conducted by Which? looked at both large and small hotel chains across the UK.

The research – which spoke to 1,776 people – looked at eight categories such as customer service and cleanliness as well as breakfast, bed comfort and value for money.

And coming in first place was Coaching Inn Group, which scored 81 per cent.

While you may not have heard of the pub/hotel chain, there are 35 inn-style hotels in the UK.

Dating back to 1996, this includes ones such as The Kings Arms & Royal in Surrey, The Pheasant Hotel in Norfolk and The Swan Hotel in Somerset.

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They recently closed The Warwick Arms ahead of a huge £1million renovation.

It was even named the ‘Best Accommodation Operator’ at The 2025 Publican Awards earlier this year.

When it comes to the Which? study, it scored a full five stars for customer service, as well as it matching the description online.

Despite the average room price being around £128, it still was given four out of five stars for value for money.

One person said it was a “very good mid-price range chain that does all the basic things well”.

Yet a surprising entry for the top five large hotel chains was Wetherspoons, who have a number of hotels across the country.

It was also the only hotel chain to be given the Which? Great Value badge, the first time for Wetherspoons.

With 50 hotels to choose from across the UK, rooms start from just £69 – most likely why it was given four stars for value for money.

Breakfast can be found for as little as £2.99 as well, with free tea and coffee refills.

Previous guests raved about it, calling it “clean, comfortable and good value”.

Other winners included Intercontinental, (80 per cent) and Hotel Indigo (79 per cent).

Sofitel followed suit with 78 per cent.

Premier Inn dropped in the survey with a score of 73 per cent, with one saying “prices are no longer budget level”.

Coming in last place once again was Britannia, which is often named the UK’s worst hotel chain (and the 12th year in a row for Which).

With a score of 44 per cent, it scored one star for bedroom quality.

The study also looked at small hotel chains, with the top going to both Andrew Brownsword and Brend Hotels, scoring 83 per cent.

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The world’s best hotels were recently revealed.

And here is what it is like to stay at an all-inclusive hotel in the middle of London.

Consumer group Which? has ranked hotels based on customer feedback – with pub chain Wetherspoons given a ‘great value’ gong and Premier Inn losing Recommended Provider status as it slips down the list

The Britannia Hotels chain has been ranked the worst place to stay for the 12th year running in a poll, as Wetherspoons beat Premier Inn and took home the ‘top value’ prize.

Consumer group Which? gave Britannia, with more than 60 sites, a lowly customer score of just 44%. It managed just one star out of a possible five for the quality of its bedrooms and bathrooms.

One Britannia customer at the Grand Burstin Hotel in Folkestone, Kent, described witheringly as a “total dive”. Another said they had three nights booked but left after one because of the poor service, room and food.

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Britannia’s chain include a number of historic and landmark hotels. They include Liverpool’s famous Adelphi, which scores just 2.6 out of possible five on Tripadvisor as the website says guests “frequently cite noise issues due to thin walls”. Britannia’s Grand Hotel in Scarborough gets an even lower 2.4 on Tripadvisor, which says rooms are “basic and dated, with mixed reports on cleanliness.”

The firm’s hotel in London’s Docklands has been the scene of protests amid reports it was being used to house asylum seekers. It has been given a score of 2.8 on Tripadvisor. The Britannia group is controlled by tycoon Alex Langsam, who also owns holiday camp Pontins and was criticised after its Southport’s site sudden closure in early 2024.

The Mirror confronted Mr Langsam at the time at his 10-bedroom mansion in Cheshire. But when asked if he had anything to say to the workers who left in tears, he claimed: “It’s nothing to do with me, I am nothing to do with Pontins.”

Top in the Which? large hotel category was a pub chain with 35 inns. The Coaching Inn Group received a customer score of 81%, with “often historic buildings located in beauty spots or market towns where they aim to be ‘the best venue in town’.”

Pub giant JD Wetherspoon, which has over 50 hotels across the country, was also praised. It came fifth and was the only chain to be awarded a Which? Great Value badge. At just £70 for an average night’s stay, Wetherspoons got four stars for value for money and the majority of other categories, including customer service. One guest commented that the hotel was “clean, comfortable and good value”.

It came above Premier Inn, which slipped to seventh in the large chain table, and lost the Which? Recommended Provider status. While customers still ranked Premier Inn’s beds as some of the most comfortable in the survey, some guests told Which? their stay wasn’t good value and suggested that standards were slipping.

One guest said that “Premier Inn has lost its way. Prices no longer budget levels and service is no longer a priority”. An average night’s stay is £94. Rory Boland, Editor of Which? Travel, said: “A night away should be a real treat but with hotel prices climbing, finding a hotel chain that consistently offers comfort, good customer service and a charming location at a fair price has become harder. “

A spokesperson for Premier Inn said: “At Premier Inn we help millions of people have a great night’s sleep and sell over 20 million room nights every year to families, leisure and business guests. We’re pleased that the 2,746 Which? members who answered for Premier Inn as part of this summer survey awarded us five stars for bed comfort and that they also rated our customer service and cleanliness highly.

“Whether it’s our estate-wide roll-out of brand new, high-quality beds all with a choice of soft or firm pillows, providing relaxing shower products in every room or keeping our food and drink menus updated with new offers to tempt and excite customers, we’re continually investing in our guest experience. We are always looking to improve and welcome comments and feedback– indeed we actively seek them through our own customer surveys. We will certainly pay special attention to address anything that feedback suggests we need to.”

Britannia Hotels was contacted for comment.

SIR Elton John’s glasses firm owes a whopping £3.7million, latest figures have revealed.

The Rocket Man star’s glasses are available via his website and at high street giant Specsavers.

However, the firm that receives cash from the sale of the eyewear has substantial debts.

Accounts for Elton John Optical Company Ltd show that it is £3.7m in the red for the 12 months to the end of March this year.

The company has cash reserves of £308,173 and paid just £1,020 in Corporation Tax on its taxable income for the most recent trading period.

The bulk of the cash is owed to firms called William A Bong Ltd, J Bondi Inc and J Bondi LLP – outfits that form part of the star’s business empire.

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Elton, 78, offers fans two pairs of glasses for £130 at Specsavers.

Buyers are told: “Introducing the Elton John Eyewear glasses collection.
“Designed by the man himself, the Elton John Eyewear range is bursting with his love of individualism and flamboyant style. Inspired by Elton’s journey, you’ll find pops of colour, smatterings of glitter and twists on classic designs.”

He recently admitted that his eyesight was failing and he can now only sign autographs with his initials.

The pop legend lost vision in his right eye in July last year after contracting an infection on holiday in the South of France, and said his left eye is “not the greatest”.

In December, he explained he was unable to watch his new musical version of The Devil Wears Prada.

He added: “I haven’t been able to come to many of the previews because, as you know, I have lost my eyesight.

“But I love to hear it.”

And interviewed on Good Morning America, he said. “It kind of floored me, and I can’t see anything.

“I can’t read anything, I can’t watch anything.”

A MAJOR supermarket chain is set to close one of its branches soon, with another 34 also on the way out.

The food store announced the “difficult decision” it has made to close the store next month.

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Co-op in Leicestershire’s Derby Road in Ashby-de-la-Zouch will permanently close its doors on Saturday, November 22.

A statement from a Co-op spokesperson read: ” ‘Our store in Ashby-de-la-Zouch will close next month.

“Our priority is to fully support colleagues, who have been informed.

“We would like to thank the community for its support of this store.”

The supermarket giant has come under some fire for some time now for having two of its stores in close proximity with the Ashby Town Centre.

This came after the Central Co-op moved from the top of Market Street to near the existing Co-op.

The spokesperson added: “We carry-out reviews of our existing store locations, and, sometimes, only after very careful consideration, we take the difficult decision to close a store.”

The Central Co-op will remain open, with the next nearest one approximately three miles away in Moira, Swadlincote, Derbyshire.

It comes as the supermarket could shutter another 34 of its stores due to financial struggles.

The Sun previously reported that stores in Braintree, Chelmsford, Basildon, Thurrock and Southend are among other locations that are at risk.

Chelmsford Star Co-op said it is “struggling financially” and needs to merge with the larger Central Co-op society.

Issues are also said to have been “exacerbated” by increases in National Insurance contributions and the living wage.

Late last year, Co-op announced plans for a “portfolio reshape” which included relocation of stores.

The Co-operative has over 7,000 registered branches owned by 17 million members, and is reported to contribute around £35 billion annually to the British economy.

Co-op as an organisation organisation has, like most companies, been hit by the cost of living.

In December last year it was announced 19 Co-operative stores would be shut down across the UK due to “financial sustainability issues”.

The locations, based in various areas around Central England, include Leicestershire, Yorkshire, Norfolk and the West Midlands.

B&M bought three of the 19 stores, while Samy Ltd, a convenience retailer, snapped up 16.

OTHER CO-OP NEWS

This comes as Co-op is rolling out a major change to stores across the country.

The supermarket giant is replacing paper product tags with electronic labels throughout its whole estate over the coming months.

The retailer has already made the change in 340 branches but will roll out the tags more widely.

The chain said 1,500 stores will have the labels by the end of the year and will be rolled out across all its nearly 2,400 by the end of 2026.

The electronic labels are designed and created by VusionGroup, which also works with Asda.

Steven Logue, Co-op’s head of operations, said: “With convenience at the heart of everything we do Co-op is committed to continually exploring innovative technology that can improve how we operate.”

Co-op said the new electronic labels will show allergen and nutritional information and products’ country of origin, as well as deals and savings.

In a pop era where personal messiness is the oxygen of fame, Dua Lipa is the rare unfazed professional.

Just as Taylor Swift and Charli XCX’s (extremely asymmetrical) feud spilled over the Hot 100 trenches, in comes Lipa’s Radical Optimism tour for four nights at the Forum to reassert that it is, in fact, possible to spin off hits while leaving one’s personal life unscathed.

On Saturday at the opening night of her Forum stand, Lipa — herself a British-Albanian-Kosovar atelier of sophisticated, structurally flawless disco-pop — played for nearly three hours with nary a sweat broken. The club hits pulsed, her dancing was evocative and precise, and the set was again punctuated with a locally-sourced cover from each city she performs in; this time “The Chain” from Fleetwood Mac. (Other recent installments included “Me Gustas Tú” by Manu Chao, AC/DC’s “Highway to Hell” and “Dernière Danse” by Indila.)

Even if the gyre of contemporary fandom demands mess, spite, flops and redemption arcs, Lipa glides over all of it, with morally sound politics and an immaculately tasteful book club to spare.

Dua Lipa takes her Radical Optimism tour to the Forum over the weekend.

(Madison Phipps)

This tour in particular feels like the moment when Lipa is opting out of the rise-and-crash fame cycle and into becoming more of an album artist and deeply considered live act. The hazy disco-rock of “Radical Optimism” (produced with tastemakers Kevin Parker, Andrew Wyatt and Danny L Harle, among others) hit No. 2 on the Billboard 200, her best album debut yet. But it didn’t yield era-defining singles like the pandemic lifesaver “Future Nostalgia” did.

That’s a tough act for anyone to follow up; she should have been on the NHS payroll for the good that “Don’t Start Now,” “Levitating” and “Physical” did in keeping spirits up in 2020. Her last U.S. top-10 single was 2023’s “Barbie”-soundtrack cut “Dance the Night,” and “Houdini” peaked at 11. Yet this tour sold out four nights in L.A. and is unquestionably the most creative, rigorous and musicianship-driven tour of her career.

With a sprawling live band and big moments of unvarnished vocal candor, this was pop at its highest caliber, but with an eye toward long-term durability and integrity. During the set, Lipa took at least two passes around to the front rows, pressing the flesh and taking selfies with gobsmacked tweenage fans. No algorithm will match that for an impact.

From the opening calisthenics of “Training Season” and “Break My Heart,” Lipa ripped through a quiver of deep-house and neo-disco staples to fuel Pride parties for the rest of her life. Those early memes about her terminal chillness must have lighted a fire under her: Lipa’s revamped as one of the top-tier dancers and physical performers of her era, while never shortchanging that smoky ‘90s house-diva vocal power. No singer deserves a Pilates Reformer endorsement deal more.

Dua Lipa makes a stand at the Forum on Saturday night.

(Madison Phipps)

On the poignant breakup-in-waiting ballad “These Walls,” the stiff-upper-lip rock bombast of “Happy For You” and her pass through “The Chain,” she made the case that her range extends well beyond the fizzy, watchgear-precise electropop she’s best known for. On record, “Anything For Love” gets a knowing wink with in-studio jibing between Lipa and her producers; here she played it straight as a lofty piano ballad for the back seats on a floating riser.

But there’s something just so effortless about her Majorca-primed house singles like “Maria,” which feel ready to slip into magic hour rooftop DJ sets for time immemorial. There are other singers to turn to when you’re emotionally ransacked; Dua gets the best nights of your life instead.

Encoring with the still-freaky, deliciously disciplinarian “New Rules” and the laser-cut banger “Houdini,” Lipa walked off the Forum stage with all the proof she needed that, by aligning with a fervent literary life, unwavering peace advocacy and an expanding palette of meticulously groovy songwriting, she’s in an enviable position for a long and meaningful career to come. Let the woman vacation in peace.

TV chef Jamie Oliver raked in £28.5million last year as he continued to bounce back from his restaurant chain collapse.

Jamie Oliver Holdings’ bumper 2024 income came from TV shows, book sales and restaurants.

It also covered his cookery school and fees for promoting Tesco.

Jamie’s Italian chain collapsed in 2018, with debts of £83million.

But he now has international brands and a restaurant in Covent Garden, central London.

Revenues were up from £27.1million in 2023, Companies House files show.

But profits took a slight dip to £4.6million last year, from £5.2million.

The chef and his wife Jools, both 50, received dividends of £3million.

A report said: “The principal drivers of this decrease in profitability were reduced revenue from the effects of the cyclical nature of long term partnerships contracts, partially offset by savings in central staff costs (excluding Owned and Operated sites)

“We have delivered new Jamie Oliver titles in both book and TV formats during the year and there has been continued strong performance from back catalogue book titles and our international television content distributor.

“The Board recognises that the Jamie Oliver brand is a key asset of the Group and is confident that the night controls are in place to protect its value.”

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The UK’s most comfortable hotel chains have been ranked on factors including their beds and customer reviews, and you won’t need to break the bank to stay

There’s nothing worse than getting to your hotel room and getting ready for a good night’s sleep, only to discover that the mattress is lumpy or the pillow is too firm for your liking.

However, Brits planning their next UK holidays are in luck because some snooze experts have done some very important research and uncovered the comfiest hotel chains where you’re most likely to get a decent night’s sleep thanks to the room and bedding.

The best part? You won’t need to splash out on a five-star hotel that ruins your budget for the year. In fact, the winning brand was Travelodge, which came out top on factors including customer reviews.

The sleep experts at Bed Store conducted the study after finding that when it comes to hotel guest reviews, mattress comfort and pillow quality often top other factors such as a hotel’s amenities. To determine the rankings, reviewers looked at factors including guest mentions of comfort, overall hotel scores, and a final reviewer rating.

Travelodge source mattresses from Sleepeezee, who hold a royal warrant and use pocket spring systems, where individual springs respond independently to body movements, to make up their comfortable bedding.

Room affordability also played a role, and it’s no surprise that Travelodge scored well in this area; when we looked at the brand’s price finder tool, we found rooms from £35 a night in October.

In fact, the hotel chain currently has a flash sale with one million rooms available for £35 and less, for stays on eligible dates through to the 24th September 2026 (it’s worth noting that this excludes the brand’s London hotels where rooms start from £49 a night).

Meanwhile, they have a guide on their website to finding cheap rooms year-round, whether that’s booking direct, opting for midweek stays or using their price finder tool if you can be flexible with your booking dates.

Another budget-friendly chain to feature in the top five rankings included Premier Inn, which already boasts a cult following for their comfortable beds; so much in fact that they even sell their pillows and bedding after having received the request from guests so often.

Looking for more inspiration for your next staycation? According to the research, the top five ‘comfiest’ hotel chains in the UK were:

1. Travelodge
2. (Intercontinental Hotels Group (IHG)
3. Premier Inn
4. Best Western
5. Marriott

Adrian Brown, owner of Bed Store, revealed that it can be quite easy to recreate those levels of comfort at home too. Commenting on the study he explained: “The research shows that comfort is king, not luxury branding, when it comes to a good night’s sleep. Hotels might be spending millions on their menu or decor, but the review data shows that a good night’s sleep is the single most important factor.

“Many of the mattresses used in the leading hotels are from well-known UK suppliers such as Sleepeezee, Sealy, and Silentnight — meaning people can recreate that hotel-quality comfort at home.”

Do you have a story to tell us? Email us at [email protected].

A MASTERCHEF star has announced the closure of all of his UK pastry shops, after struggling to cope with climbing costs.

Graham Hornigold, who has also appeared on Junior Bake Off co-founded gourmet doughnut brand Longboys back in 2019, but just six years later, the business has gone bust.

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The brand’s three London sites, in Liverpool Street, Coal Drops Yard and Market Halls Canary Wharf have all closed their doors for their final time.

Writing on Instagram, the pastry chef explained: “You’ve probably noticed we’ve been a little quieter than usual.

“The truth is, with rising inflation, changes to NI, and product costs spiralling, the past few months have been incredibly tough.

“Like so many small independents across the UK hospitality industry, we’ve felt the impact hard.

“You may have seen that we made the difficult decision to close all Longboys sites in the hope of reopening. Sadly, we won’t be able to bring them back.

“But this isn’t the end -it’s a redirection.”

Graham added that himself and his team will “dust ourselves off and go again”.

Longboys was famous for its finger shaped doughnut and eclair hybrids, filled with creative flavours, such as Sticky Toffee Pudding and Raspberry Rose Lychee.

Commenting under the post, pastry fans shared their devastation at the closure.

One person said: “Gutted to hear this news!

“Look forward to your return soon.”

A second person said: “Your lychee raspberry donuts will be living rent-free in my mind forever.”

A third person added: “Sorry to hear this news. I enjoyed many visits to your Coal Drops Yard shop.”

More restaurant closures

And Longboys isn’t the only eatery that’s struggled to stay afloat.

Rick Stein’s Marlborough restaurant could be set to close its doors for good, just five years after being saved.

A spokesperson for Rick Stein Marlborough told Gazette and Herald: “We can confirm that we are proposing the closure of our Marlborough restaurant and are consulting with the team to explore whether this can be avoided.

“Our other restaurants and rooms continue to trade well, but this particular site has not delivered the same level of return.”

And last month, Channel 4 chef Dom Taylor announced he is closing his Marvee’s Food Shop in Ladbroke Grove, West London, due to “unforeseen circumstances”.

The Caribbean restaurant only opened a few month’s prior, in May, as part of the music and events space UNDR, near the famous Portobello Road.

The government is looking at ways to financially support the companies in Jaguar Land Rover’s (JLR) supply chain, the BBC understands.

JLR halted car production at the end of August after a cyber attack forced it to shut down its IT networks. Its factories remain suspended until next month at the earliest.

Fears are growing that some suppliers, in particular the smaller firms who solely rely on JLR’s business, could go bust without support.

One idea being explored is the government buying the component parts the suppliers build, to keep them in business until JLR’s production lines are up and running again.

A MAJOR pub chain has launched a new loyalty rewards scheme where customers can get freebies including pints and food.

Greene King has relaunched its app and now has a feature where customers can get complimentary drinks and win prizes.

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These include free pints and vouchers to spend in its 2,700 pubs across the UK.

It’s the first time Greene King has offered loyalty rewards to customers.

The pub chain says customers can now “earn perks, unlock surprises, and access exclusive offers – whether they order at the bar or through the app”.

Among the new features for loyalty customers is a chance to “spin the wheel” to win a prize.

If you spin the virtual wheel on the new Greene King app, you’ll win either a free main meal, drink or dessert.

The free drinks include Peroni, Birra Moretti, Rekorderlig, Aspell, Hazy Day, Coca Cola, Schweppes Lemonade and Madri.

And if you place an order through the app worth at least £1, there’s a chance to win a £50 voucher.

There’s also a “Pub Match” game where every time you spend through the app or scan your membership ID at the till, you are in with the chance of winning more freebies.

The aim of the game is to make it onto the interactive leaderboard of loyal customers, and you have a chance to win up to £50 each month. 

The more you use the app, the higher the chance of winning a prize.

The rewards are redeemable at Greene King Pubs, Belhaven Pubs, Flaming Grill, Chef & Brewer, Farmhouse Inns and Hungry Horse.

Kevin Hydes, group marketing director at Greene King, said: “Pubs are about creating feel-good moments, but we know many people are keeping a close eye on costs.

“That’s why we’re always looking for ways to make visiting our pubs even more rewarding and to give back to our customers.

“With Spin to Win, we’re giving new customers a little something extra – a chance to enjoy a free treat on us, just for joining our loyalty programme.”

How can I get my rewards?

You can download the new Greene King app for free on your app store.

The Spin to Win game will appear on the homepage of your app.

You can also click into the Rewards section to see the rewards you’ve earned.

You can claim the reward either when you pay through the app or at the bar.

On the app just add all your items to the basket and then apply the reward at checkout.

If you order at the bar, you need to show your Membership ID to the bartender.

You can find this at the top right of your Rewards section on the app.

What other features are on the app?

The app will also let you make and manage your bookings, customise orders and pay.

Greene King says it will reduce wait times and let you order quickly.

There will also be the option to repeat orders with one click.

Which other pubs have loyalty schemes?

Greene King is not the only chain which has a loyalty scheme.

Butcombe, which runs more than 120 pubs across the UK, lets customers access exclusive discounts for downloading the app.

These include earning points, where you get five points for spending £1. Once you reach 500 points, £5 will be added to your account to spend.

You can also get 25 per cent off food every Wednesday.

O’Neills also gives members signed to its loyalty programme the chance to collect stamps that can be exchanged for rewards.

WETHERSPOONS is opening 15 new pubs in a tie-up with a firm known for its chain of fish and chip shops. 

The budget boozer will launch the venues across the UK as part of a new franchise working with The Papas Group. 

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The first will open on October 1 in Gateway Park, Lincoln, and will be called The Hykeham Manor. 

A further three will open in October and November at sites in Annitsford, Northumberland, Stockton-on-Tees, Co Durham, and Emersons Green in Bristol. 

The pub chain’s commercial director, Michael Barron, said: “We are delighted to have signed agreements with The Papas Group.

“We are looking at further opportunities and are confident that more franchise agreements will be signed.”

The Papas Group is a family-owned business which runs casual dining restaurants such as Papa’s Fish and Chips and Wendy’s, mostly in the north of England. 

Wetherspoons already has several franchise agreements. They include tie-ups with the holiday park operator Haven and the universities of Newcastle and Hull — running a pub at each campus. 

These arrangements are common in the hospitality sector and allow an independent operator to run an established chain using their brand and products. 

Wetherspoons has opened pubs at several locations this year, including in Fulham, West London, and Kenilworth, Warwickshire. 

LOW-DEPOSIT DEALS RISE 

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THE number of low-deposit mortgages has hit the highest level in 17 years, according to Moneyfactscompare. 

There are currently 1,360 90 and 95 per cent deals available, representing 19 per cent of the residential mortgage market. 

The news comes after Homes England, the Government’s housing agency, and Countryside Properties signed a long-term deal to build more homes. 

The partnership will be backed by £150million of investment and will focus on building houses as part of the Government’s housebuilding target. 

SUNNY SALES 

RETAIL sales were up 3.1 per cent in August driven by good weather and an interest rate cut, official figures show. 

The year-on-year uptick beat last August’s 1 per cent. Tech items did well but school uniforms and shoes disappointed as families tried second-hand, said the British Retail Consortium-KPMG Retail Sales Monitor. 

Home appliances, DIY and garden goods all saw sales growth last month. 

OIL PRICE HIKE 

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OIL prices rose by more than a dollar a barrel yesterday as increases in supply looked set to stall and Russia braced itself for the impact of new EU sanctions. 

OPEC countries have voted to lift production by 137,000 barrels per day in October — far less than previous monthly increases. 

Experts have warned of a glut of oil next year as demand falls. Nevertheless Brent crude rose to $66.70 per barrel. 

PRET A Manger is set to launch meal deals in a bid to take on major supermarkets, which have been offering them for years.

The high street sandwich chain’s move comes after Tesco and Sainsbury’s hiked their prices on lunchtime meal deals.

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Pret plans to trial the meal deal format in the final three months of the year.

Boss Pano Christou said the chain’s focus is on “offering great value for money” as part of its medium-term strategy to grow and return to sustainable profits.

Details on pricing and locations for the trial have yet to be revealed.

While major supermarkets have long offered meal deals – typically including a sandwich, snack and drink – Tesco recently hiked its price by 25p, blaming ongoing food inflation.

Pret’s latest accounts showed a pre-tax loss of £525.2 million for the year to January 2 – largely due to a £552.9 million write-down after a reassessment by owner JAB, which bought the chain in 2018.

This followed a £61.7 million loss the year before.

Despite the losses, Pret said its earnings before adjustments rose 36 per cent to £98 million for the year.

Meanwhile, total revenue dipped 4.2 per cent to £868.4 million compared to the previous year.

Like-for-like sales grew by 2.8 per cent, helped by an 11 per cent expansion to 717 shops as the business continued to grow internationally.

Pret said it is keen to expand further in the US, especially around city centres and travel hubs.

Christou, Pret’s CEO, said: “2024 was another year of growth for Pret, where we took disciplined decisions to protect sales, despite intense strains on the hospitality industry.

“Going forward our priority will be to drive transactions and sustainable growth by offering great value for money for Pret customers.

“Our focus will be on growing Pret’s market share in the UK and internationally, prioritising city centres and travel hubs, backed by the experience and expertise of additional world-class board members and a strengthened management team.”

Pret opened its first shop in London in 1986 and now employs 12,500 staff across over 700 locations in 21 countries.

Christou, who has been the chain’s CEO since 2019, started out as an assistant manager at a central London branch aged 22.

The minicab driver’s son, now 45, grew up in Tooting, South London – and earns over £400,000 a year.

The Luxembourg-based firm JAB Holding – which also owns Krispy Kreme doughnuts and Keurig Dr Pepper – bought Pret for £1.5 billion in 2018.

But the pandemic hit hard, with the chain posting a £343 million loss in 2020 as its key customers – office workers and commuters – stayed home.

To win them back, Pret launched cut-priced food and coffee subscription services, which helped sales jump 20 per cent in 2023.

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A BELOVED American fast food chain that is popular among celebrities is opening in the UK for the first time.

Not only does it have over five million followers on socials, but also fans such as Snoop Dogg, Post Malone, Cardi B, Cynthia Erivo and Travis Kelce.

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Raising Cane’s has been a favourite fast food joint in the US, particularly known for its chicken fingers.

Its first flagship will open in a UK hot spot next year, to mark the brand’s European debut.

The new Raising Cane’s will take over the former Angus Steakhouse site in London’s Piccadilly Circus.

It is set to open its doors late in 2026, as the first of several restaurants planned to come to London.

Expected to be a site with bold signage and high visibility in the centre of Piccadilly Circus and Leicester Square, the new branch will fit right into its vibrant West End location.

Opening at 21-22 Coventry St, it will be right amidst the nightlife, entertainment, theatre and shopping district.

Raising Cane’s loyal fanbase in the States have loved its “Craveable Chicken Finger Meals” and five core menu products.

These include its iconic Crispy Chicken Fingers, that are said to be have been marinated for more than 24 hours, and hand-breaded.

There is also Buttery Cane’s toast, which is an American classic of thick-sliced white bread that is spread with butter and then grilled until golden or crispy “to perfection”.

Another staple is the Crunchy Coleslaw which is described to be hand-mixed and made fresh.

And finally, their Crispy crinkle-cut fries that are served hot and salted.

There is also Cane’s Sauce that is iconic to the restaurant, and has been awarded the number one “most craveable sauce” in the restaurant industry, along with its chicken.

The addition of Raising Cane’s to London’s Piccadilly Circus will mean it joins some other globally iconic locations that the restaurant chain can be found, including Times Square and the Las Vegas Strip.

As is tradition with the fast food restaurant, it will also feature curated memorabilia and decor to pay homage to the location’s community, history and icons in London.

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Raising Cane’s co-CEO and COO AJ Kumaran said: “Bringing Raising Cane’s to the UK has been a dream of ours for many years and we’re excited to officially open the doors to our UK flagship late next year.

“We love the vibrant and eclectic atmosphere of Piccadilly Circus and are looking forward to marking this milestone with a flagship in the heart of London.

“With more than 950 restaurants across the US and Middle East, Europe presents an excellent expansion opportunity as we embark on this next phase of growth, and we’re excited to begin that growth with the UK.”

Raising Cane’s was founded in 1996 in Louisiana by Todd Graves, who wanted to present a Chicken Finger-focused concept.

“The Mothership” first restaurant opened in Baton Rouge in Louisiana, which Graves built by hand and it still stands today.

He said: “When I started Raising Cane’s 29 years ago, I never imagined we’d grow to where we are today as we announce our expansion into the UK with the opening of our UK flagship in iconic Piccadilly Circus.

“The demand from our customers and fans in the UK has been incredible and I can’t wait to show London what we’re all about.”

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A SUPERMARKET giant has made a huge change to its shops, in a boost for customers who want to pay with cash.

Morrisons has introduced 40 cash machines into its supermarkets across the UK, making it the UK’s largest non-bank network.

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A further 13 ATMs are set to launch in the coming months to make it even easier for customers to access cash.

Shoppers can use the ATMs to withdraw and pay in money as part of their regular shop.

The ATMs are now available in the following Morrisons supermarkets:

• Acocks Green
• Speke
• Eccles
• Witham
• Aldershot
• Swadlincote
• Failsworth
• Blyth
• Bideford
• Swinnow Road
• Grays Buxton
• Bishop Auckland
• Wednesbury
• Hull (Holderness Road)
• Colwyn Bay
• Bromsgrove
• Kirkby
• Ilkeston
• Dover
• Cardonald
• Bellshill
• Leyland
• Letchworth
• Carmarthen
• Castle Bromwich
• Malton Nelson
• Chippenham
• Coalville
• Oswestry
• Redcar
• Crossmyloof
• Hyde
• Partick
• Oxted
• Ebbw Vale
• Sidcup
• Small Heath
• New Milton

So far, more than £1million a month has been paid into banks using these ATMs.

The machines are operated by NoteMachine and were delivered thanks to a partnership with Cash Access UK, a company funded by major high street banks to bring cash services to communities.

Ben Mildred, treasury manager at Morrisons, said: “We’re proud to be helping make banking more accessible by offering cash deposit services in our stores.

“Customers have told us they like the flexibility and convenience the cash deposit ATMs offer and so we are pleased to be rolling them out to more stores in the coming weeks.”

The news comes after UK banks closed more than a third of branches over the past five years, leaving customers without access to banking services.

Lloyds, Halifax, NatWest and Bank of Scotland are set to shut more than 100 bank branches by the end of the year.

Elsewhere, Santander is set to close 95 branches and reduce hours at another 50.

Other ways you can access cash

There are still several ways you can access basic banking services without having to travel to another town with a branch.

If all the banks in your town have closed then you may be able to get a banking hub.

Banks visit the hub on a rotating basis, and take it in turns to use the site on different days of the week.

You can use them to withdraw cash, pay in money, check your balance and pay bills.

Another option is to visit one of the Post Office’s 11,684 branches to do basic banking tasks such as paying in or withdrawing cash.

But you will still need to visit a branch to open a new bank account, take out a personal loan or mortgage.

You can find your nearest Post Office by visiting postoffice.co.uk/branch-finder.

Many banks also offer a mobile banking service, which is when they bring a bus to your area to provide services you can usually get at a physical branch.

Other banks use buildings such as village halls or libraries to offer mobile banking services.

You should check your bank’s website to see what mobile services are available and when they might next be in your area.

New super ATMs are being rolled out across the UK where branch closures have left residents unable to access essential banking services.

These ATMs will allow customers to withdraw funds, access their balance, change PIN numbers and deposit cash.

Do you have a money problem that needs sorting? Get in touch by emailing [email protected].

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

Masked goons are terrorizing American cities. The U.S. inflation rate is the highest it has been in over four decades. Gaza is starving to death. The Cracker Barrel unveils a new logo.

If you guessed which crisis is not like the others, then you’ve spotted the latest source of outrage fueling the right-wing media universe, where trivial distractions from Trump’s failures and the Epstein files are the name of the game.

In a kerfuffle as layered as the eatery’s hash-brown casserole ($4.79 for a side dish, $15 and upward for an entree-sized portion), the folksy-themed establishment, which first opened its doors in 1969, is once again fodder in a one-sided culture war.

The crime? The chain’s classic gold and brown logo now features the chain’s name in a more minimalistic font. Gone is the eatery’s unofficial mascot, that folksy fellow in coveralls who enjoys leaning on a wooden barrel.

“WTF is wrong with @CrackerBarrel??!” said Cracker Barrel regular-in-spirit-only Donald Trump Jr. when responding to a post on X where the user shockingly blamed DEI for the restaurant’s monstrous decision.

“Cracker Barrel is done,” wrote the Federalist’s Sean Davis. “Woke executives killed it, wrapped the corpse in a rainbow flag, and then made it do a little puppet show in New York City for the entertainment of all their woke little friends.”

Not exactly a puppet show, but the Cracker Barrel did host its “A Taste of Country, Anytime” event Thursday in New York City with country music star Jordan Davis. The chain purported to bring a “country hospitality experience to the big city,” complete with “entertainment on the front porch, rocking chairs, classic Cracker Barrel games and crave-worthy food.”

Clearly a ruse for yet another Pride parade or Latin American gang invasion.

The deception started on Aug. 19, when the Tennessee-based chain in a press release announced changes to its logo and menu as part of a campaign titled “All the More.” The rebrand features new menu items, restaurant remodels and an “enhanced brand look and feel.”

“We believe in the goodness of country hospitality, a spirit that has always defined us. Our story hasn’t changed,”  said Cracker Barrel Chief Marketing Officer Sarah Moore in a statement. “Our values haven’t changed.”

But their signage has changed, and that in itself signaled a threat to a way of life that we need to rediscover, you know, in order to make America great again.

Nostalgia for a time that most of us weren’t even alive to see is part of Cracker Barrel’s appeal. Renowned for its Southern comfort food and down-home appeal, generations of Americans have wandered through the establishment’s general store decor and dined on its Southern comfort food. But like any business, it needs to keep up with the tastes and demands of new generations, and apparently Gen Z, millennials and even Gen Xers aren’t buying black licorice and candy corn like their predecessors once did.

It’s hardly the first time the dubiously-named dining establishment has faced accusations that it’s going gay. As the Bulwark pointed out, there was 2023 e-outrage over Cracker Barrel’s acknowledgment of Pride month, which included a rainbow-themed rocking chair and some corporate-speak about “diversity, equity, inclusion and belonging at Cracker Barrel.”

“We take no pleasure in reporting that Cracker Barrel has fallen,” the organization Texas Family Project wrote at the time. “A once family friendly establishment has caved to the mob.”

When the country is in chaos and entangled in man-made catastrophes abroad, it’s easier to rail, risk-free, against a manufactured crisis. Fox Business News led its Friday news lineup with a Cracker Barrel report, but not about the logo redesign: “Cracker Barrel over the past decade has worked closely with the Human Rights Campaign (HRC), changing its company culture to be more inclusive and LGBT-friendly ahead of its controversial store rebrand,” reads the lede.

It’s yet to be seen if a sizable swath of America will forgo the Signature Saucy Chicken Sandwich in protest, constituting another national crisis to chew on.

An expert braved a mini tour of the UK’s ‘worst hotel chain’ properties and reportedly found a tissue in a kettle, scum in a pool, a view of an overflowing skip and mismatched, tired furniture were among the delights waiting to greet him

After a hotel chain was named the worst in Britain for the 11th consecutive year, a curious expert decided to investigate to see if things were really that bad at their numerous properties across the country in prime locations.

Britannia Hotels has consistently been awarded the dubious title of worst hotel chain in surveys conducted by consumer magazine Which? Many of its individual properties also have low to average scores on Tripadvisor where visitors have left scathing reviews.

Guest complaints include issues with cleanliness, tired furniture, poor service and barely edible food. It comes after a Brit abroad slams all-inclusive hotel food asking ‘what on earth is this?’

READ MORE: Abandoned UK Butlin’s site is now seaside town’s ‘hell hole’ hotelREAD MORE: Beachgoers left stunned after rare sea creature spotted off British coast

Travel writer Gavin Haines wanted to see if the reports and findings were accurate and if things were really that bad on site. He stayed at three different hotels belonging to Britannia and it’s safe to say what he experienced certainly backed the research and reviews.

He had contacted Which? editor Rory Boland about the “abysmal” overall customer satisfaction ratings and was advised not to even bother visiting. “With over a decade of dismal reviews, our results suggest that Britannia should be avoided at all costs,” he was told.

Despite this he braved a stay at the Royal Bath in the traditional coastal town of Bournemouth. The grand hotel has a rich history – it was opened in 1838 on Queen Victoria’s Coronation Day and was the first hotel in the town.

It is set in its own landscaped grounds with spectacular views out to sea, which, its dedicated wedding website claims, makes it the perfect spot for your special day.

However Gavin found the venue’s interior special in a very different way. “The mismatched furniture looks like it was sourced in haste from a house clearance shop and makes me feel homesick,” he writes in the Telegraph.

“While the views make me want to call the Samaritans (if we can reasonably describe a rusty air conditioning unit, some broken guttering and fag ends on an enclosed flat roof as views).”

He couldn’t even bring himself to make a brew to improve his experience because the kettle had tissue inside it, “for reasons I’d rather not speculate on”.

One of the Royal Bath’s selling points is its spa with a heated indoor pool, steam room and gym. Unfortunately this also let the side down with a reported “line of scum” clinging to the tiles in the pool.

On Tripadvisor, where the hotel has a 2.6 score out of 5, one recent review backed his slimy discovery. In July this year, one visitor was looking forward to a spa day with high tea that had been booked by a friend but was incredibly “disappointed” by what they encountered.

“The Spa and pool was shabby, dated with missing tiles and broken lockers,” they revealed. “Nobody was at the desk so we had to wait to be allowed in. The crescent shaped pool was full of kids and toddlers, a tiny jacuzzi and sauna which were full and there were not enough loungers to accommodate everyone and hardly creating a peaceful luxurious experience!”

The high tea was more of a low point as well with, “sweaty cheese and curling bread”. When it came to Gavin’s dining experience, he did note that there probably wasn’t anywhere else in the popular town where you could get a three course meal for £15 in such grand surroundings, but you “get what you pay for”.

In his case it was a rock hard bread roll, overcooked and undercooked (quite a feat) carrots in the beef stew and a glow in the dark dessert.

Unfortunately his nights at other properties in the group were on par. The “ironically named” Palace Hotel in Buxton (3 out of 5 on TripAdvisor), like the Royal Bath, is a beautiful old building in a classical style set in five acres of gardens.

Sadly he didn’t get to admire these out of the window of his room that was “so cold I didn’t want to get out of bed”. Instead he was met with the choice view of an overflowing skip and old furniture dumped in a grotty car park.

While other visitors were similarly disappointed with the hotel, with many on Tripadvisor complaining of dirty rooms with poor facilities, there were those who appreciated its faded grandeur: “This hotel has lots of character & charm, yes parts are dated but that adds to its beauty,” shared one.

Another agreed: “For me the grandness of the building and the aspect looking out of the town was wonderful. Room didn’t have a window – as a result I had the best night’s sleep – didn’t know what time it was! I’d visit again – can put up with a bit of outdatedness for the charm and style of the place.”

Meanwhile, Gavin’s not-so-magical mystery tour had more delights in store at the Grand Burstin, Folkestone (2.7 out of 5 on TripAdvisor). The hotel made headlines in 2022 when chunks of its facade blew off, plummeting below onto a coach in the car park. Two people were injured. The year before a family cut short their stay there and likened it to Fawlty Towers – the disastrous hotel in John Cleese’s classic comedy.

So Gavin probably arrived with some understandable fear and trepidation, which would have been entirely justified but here he was treated to rose petals in his room.

However it seemed these weren’t a romantic welcome token from a thoughtful housekeeper and instead, “had presumably featured in a recent low-budget dirty weekend”. The spa facilities here were described as “scuzzy” and evoked “verruca socks”.

With plenty of Tripadvisor reviews of the various properties calling out their tired appearance, there are also those that highlight improvements that have been made, especially at the Royal Bath.

Britannia has invested £1million there recently but it seems, as with a lot of its premises, it’s pot luck what room you are allocated. One horrified guest says they were given a “cheap, nasty and dinky” room without a window in the “stinking” East Wing. While on the flip side, another was reportedly allocated a “spacious” room with a sea view, despite not paying extra for it.

It’s a similar pattern at the Burstin. While the reviewer wasn’t at all impressed with his room, others had a very different experience. One returning guest was perfectly happy with their allocation in August this year. They wrote on Tripadvisor: “Another superb stay here. But this time an even better room with an even better perfect sea view. Room was lovely clean and comfortable Well done Grand Burstin.”

Another who was wary of what to expect after reading poor reviews shared: “I was pleasantly surprised by the hotel. Its not the Ritz or something flash and modern, it is what you pay for – a budget hotel.”

The Mirror has contacted Britannia Hotels for comment.

FASHION accessories chain Claire’s is facing an uncertain future on UK high streets, after its US parent firm filed for bankruptcy.

It is the second time the ear-piercing favourite has declared itself bust, after previously filing for bankruptcy in 2018.

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Its finances are now under pressure from weak consumer demand and supply chain uncertainty.

The filings showed that the parent business reported liabilities of up to $10billion (£7billion) and owed between 25,000 and 50,000 creditors.

Claire’s operates 2,750 stores worldwide, including 280 in the UK.

While British stores remain unaffected for now, the UK arm has lost £25million over the past three years and is at risk of collapsing into administration later this month.

It has been working with advisers to explore a sale or restructuring.

However, potential buyers, such as Hilco Capital, are understood to have walked away.

Retail experts say Claire’s is struggling to stay relevant.

Julie Palmer, from Begbies Traynor, said: “Claire’s low-price offering is clearly not strong enough to win over its core customers — teens and young adults — as they now have access to a vast array of affordable and convenient products online through platforms like Amazon and Temu.”

Claire’s boss Chris Cramer said: “We remain in active discussions with potential strategic and financial partners and are committed to completing our review of strategic alternatives.”

METRO BANK ON THE UP

METRO BANK has bounced back, posting a £43.1million pre-tax profit for the first half of 2025 — up from a £33.5million loss reported in the same period last year.

The lender doubled new corporate and small business loans to £1billion, and cut 8 per cent from its costs by axing a third of its workforce and reducing branch hours.

Boss Daniel Frumkin said: “Our strong performance reflects the decisive actions we have taken.”

Elsewhere, Sabadell shareholders have approved the £2.65billion sale of TSB to Santander.

Aug. 6 (UPI) — Apple CEO Tim Cook and President Donald Trump on Wednesday announced a $100 billion investment plan to shift the tech company’s supply chain to the United States after earlier this year pledging $500 billion over four years.

The final assembly of Apple’s major products, including the iPhone, iPad and MacBook, will continue to take place in China and India, Cook said in the Oval Office of the White House. In 2024, Apple generated $390 billion in revenue with 51% from iPhone sales.

This announcement comes as Apple, other countries and foreign nations are bracing for further impact from tariffs. Most reciprocal tariffs take place on Friday with some already in place and a 10% on most trading partners since April.

Ahead of a threatened 100% tariffs on foreign chips and semiconductors, Cook describes an increase in production of those items in the United States.

Trump and Cook announced the launch of the American Manufacturing Program to boost the supply chain to the United States. Apple is working with Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung and Broadcom.

“I’m glad to be here with you today, and I’m very proud to say that today, we’re committing an additional $100 billion to the United States,” Cook told Trump during their White House event.

In the United States, Apple will manufacture the glass covers on all iPhones and Apple Watch devices sold worldwide. Corning, which has made glass products for more than 60 years, will dedicate its entire facility in Harrodsburg, Ky., to the Apple products under a $2.5 billion commitment.

Cook gave Trump some glass made at the plant.

“Apple will massively increase spending on its domestic supply chain for the iPhone, and will build the largest and most sophisticated smart glass production line in the world,” Trump said.

Other changes are in the works.

“Apple will also build a 250,000-square-foot server manufacturing facility in Houston, and invest billions of dollars to construct data centers across the country from North Carolina to Iowa to Oregon,” Trump said.

Apple earlier said the Houston server plant will open next year.

In its plan to invest $500 billion in the United States, the company will open a manufacturing academy in Detroit and source rare earth — critical for electronics such as smartphones and TVs — from U.S.-based supplier MP Materials.

Most Apple items are exempt from tariffs, though the company had an $800 million payout in the last quarter from duties and predicts another $1.5 billion in the next three months.

The United States and China are negotiating on a deal with 30% now charged. India has been informed the duty will be 50%.

“Tim Cook is known to be the supply chain genius of technology,” Ted Mortonson, technology sector strategist at financial services company Baird, told CNN. “And I think his whole supply chain team is well aware … before it happens, what the Trump administration is thinking and not thinking.”

With a threatened 100% tariff on all computer chips imported into the United States, Cook said Apple will produce more than 19 billion chips for its products this year in 24 factories in 12 states.

“I’m proud to say that Apple is leading the creation of an end-to-end silicon supply chain right here in America, from design to equipment to wafer production to fabrication to packaging,” Cook said during the event.

Trump on Wednesday said the government is “going to be putting a very large tariff on chips and semiconductors … But the good news for companies like Apple is, if you’re building in the United States, or have committed to build, without question, committed to build in the United States, there will be no charge.”

Trump had hoped for Apple products to be built in the United States, posting on May 23 on Truth Social: “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else.”

He changed his tune on Wednesday.

“So I don’t know when it shows up, but there are a lot of factories and a lot of plants that are either under construction or soon we’ll be starting construction,” he said. “So can’t tell you exactly when, but I want to be around in about a year from now and two years from now, because we’re going to see an explosion, I think.”

Ahead of the meeting, White House spokesperson Taylor Rogers said in a statement to CNN: “President Trump’s America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American businesses. Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security.”

Apple shares closed Wednesday with a 5.09% gain to close at $213.25 in it biggest single-day increase this year. Apple shares reached a record $247.10 on Feb. 24 and was down to $172.42 on April 8, before Trump announced a 90-day pause of reciprocal tariffs.

Apple has a market capitalization of $3.17 trillion. At one time, Apple had the biggest amount in the United States, but now it is third behind two other tech companies, Nvidia leads with $4.02 trillion and Microsoft at $3.73 trillion.

THE viral brand behind Labubu dolls will soon be on sale at one of Britain’s biggest toy chains at stores across the country.

From today, shoppers will be able to find toys from the highly sought-after brand.

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The Entertainer will see POP MART toys at select stores around the UK, as the start of a larger nationwide roll-out in coming months.

POP MART has grown its global audience, particularly with consumers’ increasing love for collectible toys like Labubu dolls.

The company, based in China, has pioneered the collectable toy market that is for both children and adults by merging art, fashion and pop culture.

They have revealed UK fans fans will be able to get their hands on iconic blind box collectables from POP MART.

This includes limited-edition favourites like MOLLY and SKULLPANDA which will be at select The Entertainer stores today.

The brand is already available at the latest The Entertainer store in Bluewater.

Six locations are included in the trial of POP MART products at The Entertainer, before they are rolled-out to additional stores nationwide in coming months.

The stores where the toys can be found include:

• Manchester Arndale
• Kingston The Bentall Centre
• Lakeside Shopping Centre
• Milton Keynes Centre: MK
• Sheffield Meadowhall
• Stratford Westfield

Coming in mystery-style blind boxes, a surprise figure is contained inside.

This has added to the growing excitement and demand for these products, which have even been popular amongst celebrities like Dua Lipa and Rihanna.

Chief Product Officer at The Entertainer, Brian Proctor, said: “As the POP MART phenomenon continues to rapidly grow, we’re thrilled to reveal that The Entertainer will stock the popular toys in selected stores.

“The upcoming arrival of POP MART at The Entertainer highlights our ongoing commitment to offering innovative and exciting products to our customers. In addition to the arrival of POP MART, we will continue to ensure that our diverse product range offers plenty of choices for toy fans across the country.”

The Entertainer has over 160 stores across the UK, with thousands of toys and games to offer customers.

It also provides through a thousand concessions like Tesco and Matalan, as well as trading internationally and online.

News of the products coming to the UK comes just as huge crowds have been swarming to toy stores to snap up the viral Labubu Dolls at POP MART stores countries across the world.

A queue in the German city of Berlin was seen extending all the way around the block of a POP MART store as it just opened with Labubu dolls.

The craze for these collectable toys has also being going off online.

TikTokers have been raving about the collection of new plush toys that have labelled the “next Labubus“.

The Wakuku dolls have been compared to Labubus, and shoppers are also able to get a blind box of the toys online.

These toys have really taken the internet by storm – with Chinese toymaker POP MART’s valuation skyrocketing to £31.6bn.

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A COCKTAIL chain has fallen into administration, with four sites shutting their doors for good.

Simmons has appointed advisory firm Kroll to oversee the administration, company filings show.

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In its most recent audited account the company posted a loss of £749,000 for the year to end March 2024, reversing a profit of just under £2million the previous year.

Last week Simmons revealed plans to close at least four sites to focus on its best performing venues.

The chain has venues across London and one in Manchester and offers cocktails, brunches and karaoke at its 21 locations.

Last week Nick Campbell, who founded the company in 2021, said the move would “streamline its portfolio and strengthen its financial position”.

He said: “As part of the process, we’ve taken the tough decision to exit four leases, allowing management to focus resources on our strongest performing venues.

“Alongside this, we’ve secured additional investment to support future expansion and operational improvements across the estate.”

Tough times for UK pubs

Many of Britain’s pub and bar chains are feeling the impact of the pandemic and cost of living crisis.

The hike in costs of every day goods has meant that punters have less money to part with at the till.

Meanwhile, hikes to employers’ National Insurance Contributions that were introduced in April have piled further pressure onto businesses that are already struggling.

Last month The Coconut Tree  announced that it would be wound down after defaulting on its Company Voluntary Agreement (CVA).

The Sri Lankan restaurant group entered into the agreement last July, according to a report in Restaurant Online.

As a result, the group was required to initially repay £27,000 a month for the first three months.

Meanwhile, Oakman Inns & Restaurants fell into administration, with six sites shutting their doors for good.

It will see a total of 19 sites either sold or closed for good.

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