Tweet
Henry J Beans owner Food and Drink Group has issued a profit warning after tough trading in the past two months.
The group has also sold its leasehold Jamie’s Winebar on Maddox Street, in Mayfair, London for £600,000 in a bid to reduce debt.
The Henry J Beans owner will make a profit of £200,000 on the sale of the struggling bar.
The company, which has 33 London-based bars, revealed in January that it is looking for an investment partner to boost its performance.
Since acquiring seven leasehold sites from Puzzle Pubs in April 2007 the company has suffered from the start of the England smoking ban, due to its venue’s limited outdoor space, and an overall downturn in consumer spending.
Food and Drink Group admits to being ‘sub-scale’ >>
Food and Drink Group has satisfactory year >>
By Christopher Walton
E-mail your comments to Christopher Walton here.
In this week’s issue, guest edited by Raymond Blanc, we explore the important roles of housekeepers.
Watch here
15 May 2012
11 Apr 2012
22 May 2012
25 May 2012
23 Mar 2009
Best of Chef – now available online View it now
23 Feb 2009
05 Jan 2009
18 May 2012
24 May 2012
21 May 2012