Nightcap says trading beats expectations ahead of new London Cocktail Club openings

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Nightcap PLC (AIM:NGHT) said it will open three new bars next month as trading has been stronger than expected in recent weeks.


The bar operator confirmed it will open London Cocktail Club sites in Bristol, Reading and Central London next month, taking the total estate to 21 bars. This would be ahead of schedule and in time for the Christmas period.


A new 3,500 square feet site in Corn Street, central Bristol will open its doors on 18 November, while the Mansion House 1,500 square feet site in Central London and the 2,861 square feet site in Reading will start trading the following week.


The AIM-listed firm is currently in legal negotiations for an additional 11 sites and has a further 10 venues under offer.


Outside of London, Luna Springs in Digbeth, Birmingham launched its Christmas season on 23 October 2021, with an outdoor ice rink featuring lessons and skate shows and an indoor bar, event space and Christmas market.


Shares were flat at 16.56p on Monday morning.

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