While new regional openings are trading well across both brands, July/August trading softened across suburban London, driven in management’s view by a vacation exodus, poor weather impacting The Real Greek (TRG) and lower inbound tourism from the US and Middle East. September continued this trend and, while trade has picked up in recent days, it remains below expectations. Furthermore, capacity exiting the market is encouraging management to renegotiate rents, rent-free periods and reve

22 Sep 2017
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- Published:
22 Sep 2017 -
Author:
Cavendish Research -
Pages:
8 -
While new regional openings are trading well across both brands, July/August trading softened across suburban London, driven in management’s view by a vacation exodus, poor weather impacting The Real Greek (TRG) and lower inbound tourism from the US and Middle East. September continued this trend and, while trade has picked up in recent days, it remains below expectations. Furthermore, capacity exiting the market is encouraging management to renegotiate rents, rent-free periods and reve