Simmons to axe four sites
The bar group is the latest in a long line of hospitality operators to announce closures, but it alleges to be “continuing to explore opportunities for expansion”.
Cocktail bar chain Simmons has made the “tough decision” to shut four sites as the business undergoes restructuring.
A spokesperson told the drinks business: “Simmons has completed a strategic restructuring process, supported by Lonsdale Capital Partners, designed to streamline its portfolio, strengthen its financial position, and lay the foundation for continued growth.
“As part of the process, we’ve taken the tough decision to exit four leases, allowing management to focus resources on our strongest-performing venues.
“Alongside this, we’ve secured additional investment to support future expansion and operational improvements across the estate.”
Expansion plans
The spokesperson said the business would continue to trade as normal, with all other sites operating without interruption.
They added: “As always, we remain committed to delivering the unique, value-driven, high-energy customer experience we’re known for and look forward to a positive end to 2025.
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“We plan to continue exploring opportunities for expansion in the market, including potential sites in key UK cities outside of London.”
The London-based bar group and several of its subsidiaries also filed 13 notices of intention (NOI) to appoint administrators, according to legal database Caseboard.
An NOI is a formal document filed with the court to signal an intention to place a company into administration. This action triggers a moratorium, temporarily halting creditor actions against the company and providing breathing space to explore restructuring or other recovery options.
Tough time to trade
Britain’s hospitality sector is currently battling high tax burdens, regulatory pressures and rising operational costs, with the British Beer and Pub Association (BBPA) expecting to see one pub shut per day in 2025.
Last week, BrewDog announced it would cull 10 bars and Oakman Inns also filed for administration, with 14 of its sites acquired by Upham Inns.
Simmons’ value-led offering focuses on 18 to 27-year-old professionals and students. Last October, it launched its first venue outside the capital in Deansgate, Manchester, complete with Americana-themed decor and a karaoke booth fitted out to look like a music recording studio.
Founded by CEO Nick Campbell back in 2013, Simmons now has more than 20 sites across London, including its original King’s Cross location.
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