NGHT.L

Nightcap plc

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  • High
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  • OPEN
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  • VOL
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  • MKT CAP
    -M
  • LOW
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  • CLOSE
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  • AVG VOL
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  • SHARES IN ISSUE
    191.16M

Company Profile

Nightcap will acquire, recapitalise and develop drinks-led concepts with significant potential across the UK. In recent years we have seen fundamental shifts in both the hospitality industry and in consumer preferences. Large parts of the hospitality industry have been suffering from the burden of expensive rents and high levels of capital expenditure, discount offerings, increased food prices and a shift to home delivery, all of which have been accelerated by Covid-19. At the same time, consumer preferences – in particular those of millennials – are shifting away from mid-market hospitality chains to experience-led, quality nights out in unique, local style venues. These factors have led to an increase in the number of available sites, decreases in rents, reductions in site premiums and capital expenditure and an increasing number of talented hospitality staff in the jobs market.
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