TOP NEWS

📈 Dishoom, a UK restaurant group, is set to debut in the US in August through a collaboration at Pastis in New York City. JKS, another London-based group, is eyeing New York, Los Angeles, and Las Vegas for expansion. San Carlo Group plans a Miami launch as a testbed for further US growth. Sexy Fish launched in Miami in 2022, while Chotto Matte established a Miami presence in 2018, expanding to San Francisco with more cities planned. Hawksmoor opened in NYC in 2021, followed by Chicago, signaling more North American openings. UK brands face a competitive US market, with Carluccio’s, Pizza Express, and YO! having struggled previously. Despite challenges, the US market presents significant opportunities for successful UK restaurant brands.

🍴 John and Desiree Chantarasak to open AngloThai with MJMK Restaurants in Marylebone, London, in autumn. The 50-cover venue will offer Thai-British cuisine, sourcing ingredients from the British Isles, and serve biodynamic European wines. The menu will be seasonal with a la carte dishes, daily chef selections, and British-grown Asian produce. The restaurant features a private dining room, Baan, set to open later. AngloThai's Fitzrovia location deal fell through in 2021 after plans were announced. Opening now set for October.

🍴 Hospitality insolvencies climbed 20% year-on-year to 3,752 cases by May 2024, with the sector facing the third highest business failures. Dishoom, an Indian restaurant group, will launch its first overseas collaboration with New York's Pastis for breakfast dishes from August 19-30, 2024. Nick Beardshaw is set to open Starling, a 40-seater in Esher, Surrey, at August's end, featuring British seasonal dishes. Leeds' Bavette was named Britain’s Best Local Restaurant by The Good Food Guide. Liz Cottam's Leeds restaurant Home will close in September 2024 after seven years, due to economic pressures.

🚧 NTIA leads a campaign to save Boxpark Shoreditch after closure announcement. Founding in 2011, Boxpark created over 1,000 jobs, contributed £80m annually to the local economy, totaling over £1bn, and welcomed 10 million visitors. Negotiations for site extension failed despite efforts with multiple stakeholders. Lease expiration and planned redevelopment by Bishopsgate Goodsyard and London authorities led to the closure set for summer end. Open letter urges Hackney Council to prevent a major setback in Shoreditch's regeneration efforts.

💵 Deliverect launches Pulse, a market intelligence platform integrating with Uber Eats, Deliveroo, and Just Eat, providing restaurants with insights to optimize marketing and increase order volumes. Leveraging actionable insights, restaurants can assess performance, benchmark against competitors, and make informed decisions for targeted campaigns. Pulse features include an estate overview across channels, competitive intelligence, and an all-in-one marketing management tool, aiming to simplify marketing across third-party apps and enhance ROI.

🍴 Chef John Tesar's Knife Italian opened on March 19 at The Ritz-Carlton Dallas, Las Colinas following a $55 million property renovation. The restaurant features diverse menus for breakfast, lunch, and dinner, combining traditional Italian flavors with modern touches. Steak options are sourced from 44 Farms and include dry-aged cuts ranging from 45 to 240 days. Tesar's fusion of steakhouse experience and Italian roots manifests in a vibrant, ingredient-driven culinary venture.

🍴 Social Eating House, after 11 years on Poland Street, will close at month's end. Executive Chef Alex Parker transitions to Mayfair's relaunching Pollen Street Social, becoming Mary's this autumn. Launched with Chef Paul Hood in April 2013, the restaurant featured the Blind Pig bar, elements of which will move to Mary's. Hood left after a decade. Atherton focuses on new ventures: Hot Dogs by Three Darlings in Harrods, Sael in St James’s Market, Three Darlings in Chelsea, and Row on 5 on Savile Row. Mildred's vegetarian group set to take over the site. Harrods Social by Jason Atherton also recently closed.

🍔 Riccardo Giraudi, creator of restaurant brands such as Le Petit Beefbar and Beefbar, started his empire in 2005. With locations worldwide, including Monaco, Europe, the US, Asia, and Africa, he categorizes his establishments into 'modern luxury', 'heritage brands', 'hype and relaxed', 'casual cool', and 'fast casual'. Giraudi's Beefbar brand, which began in Monaco in 2005, now has around 36 venues globally with 20 more planned, including in Prague, T'bilisi, Bahrain, Marrakech, Strasbourg, and on ocean liners. By 2023, he aims to operate about 45 or 50 Beefbars. His first US Beefbar opened in April in New York's Tribeca, taking over the former Nobu site after two years of construction. In the UK, Le Petite Beefbar launched in late 2021 in Chelsea, London, and another in Edinburgh. Giraudi also has a partnership with Antinori for Cantinetta Antinori, with the latest opening in London's Knightsbridge. His future plans involve opening more brands, a second African Queen in Dubai, a Zeffirino in Istanbul, and expansion of his pizza brand Pizz’Aria in London.

📈 In June, the U.S. economy added 206,000 jobs, with unemployment at 4.1%, up from 4% in May. Leisure and hospitality saw only 7,000 new jobs, compared to May's 42,000. The restaurant industry's second quarter had the weakest job growth since Q4 2020, adding only 900 jobs. Despite a forecast of 525,000 seasonal jobs, full-service restaurants are still -4% below pre-pandemic levels. Job openings in restaurants and accommodations are below 800,000, signaling a potential market normalization.

🎬 Netflix to open two 'Netflix House' immersive entertainment venues in 2025, occupying over 100,000 square feet in King of Prussia, Pennsylvania, and Galleria Dallas. Business travel rebounds to $245 billion in 2023, despite 60% of companies cutting budgets and 96% implementing cost-control policies. New York's Little Island, a 2.4-acre public park, hosted over 200 free and 30 ticketed performances in 2022 and commissioned 44 city-based artists for 69 performances. Hospitality Design magazine calls for 2024 Boutique 18 nominations by August 5th, honoring 18 emerging hospitality designers with 5-10 years of experience.