Friday five: the week's most read new stories

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Friday five: the week's most read new stories

Related tags Stephen Terry The Hardwick The Ivy The Ivy Asia Chaiiwala Tom Brown Pearly Queen Michelin

Stephen Terry's sudden closure of The Hardwick and a stellar performance from The Ivy Collection are among this week's most read hospitality news stories.

- Stephen Terry’s Abergavenny restaurant The Hardwick​ has closed suddenly after nearly two decades in business. In an Instagram message posted over the weekend the chef wrote: The final ‘Family’ last breakfast supper. Thank you to all our staff and customers from the last 18yrs. It’s been emotional. Onwards & upwards.” Earlier this year it was revealed that Terry had been victim to a fraud that cost him £150,000.

- Richard Caring's The Ivy Collection, has reported ‘strong growth’ across both sales and profits, driven by the expansion of The Ivy Asia brand. Turnover grew by more than £100m in the year ended 1 January 2023, rising to £302m from £200m the year before. Profit before tax increased from £20.4m to £29m, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose from £37.9m to £54.8m.

- The Michelin Guide​ is branching out into hotels with a new set of awards launching next year. Known for its recognition of restaurants, as of next year the red book will also hand out awards - as keys rather than stars - to hotels based on five criteria.

- Cornerstone chef Tom Brown is opening an oyster bar in Shoreditch this winter. Called Pearly Queen,​ it will open on Commercial Street in November.

- Quick service Indian restaurant brand Chaiiwala​ has outlined plans for international growth following a partnership with investment company Lote Global. The collaboration is part of the UK-headquartered group’s long-term plan to strengthen and accelerate its domestic and international expansion to 500 sites with a focus on the US, Canada, and the Middle East. It currently has a portfolio of 90 sites across the world with plans to hit 100 by the end of the year, including new openings in the UAE and Canada.

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