Nightcap said sales had smashed its expectations since indoor hospitality restrictions lifted last month (Lauren Hurley/PA)Shares in bar owner Nightcap have surged ahead after it said sales had smashed its expectations since indoor hospitality restrictions lifted last month. On a like-for-like basis, sales in the three weeks to June 6 were 53% higher on 2019 levels. The group said it continues to eye further expansion following its recent takeover of the nine-strong Adventure Bar Group, with management teams “travelling around the UK looking for new properties”. The firm said the Adventure Bar Group notched up 96% growth in sales compared with 2019, up 46% on a like-for-like basis, including an all-time weekly sales record of more than £520,000 across its nine bars. Nightcap floated on London’s junior Aim market and recently raised £10 million to help fund its acquisition of the Adventure Bar Group, more than doubling its initial fundraising target.

Source: Irish Independent June 08, 2021 08:21 UTC