The company generated £32.2m in revenue in 2024, an 89% increase from the £17made in 2022, and 37% from £23.5m in 2023, marking KERB as one of the fastest-growing players in the hospitality sector.
KERB’s flagship food hall Seven Dials Market welcomed on average 30,000 visitors each week in 2024. Home to 20 independent food businesses, the venue has achieved year-on-year food revenue growth of 20.6% to £17.5m.
KERB Events, which curates the food and drink offering at venues such as the National Theatre, as well as providing catering at private events and sporting stadia like Aston Villa and Tottenham Hotspur, recorded the biggest year-on-year growth of 69%, reaching £13.6m in sales.
The group also operates five weekly pop-up lunch markets in the capital that achieved year-on-year growth of 13% to £1.1m.
Speaking at the KERB’s Annual Member Summit, KERB CEO Simon Mitchell described the business as having had “an extraordinary year”.
“We are incredibly proud of the growth and success we have seen across our markets, food halls, and events,” he said.
“As we move into 2025, with exciting new locations in Berlin, the US, and London, we are confident that KERB will continue to curate exceptional hospitality experiences, and more importantly, help hundreds of brilliant independent businesses accelerate their growth.”
KERB will open two new London locations in 2025, which will provide eight new fixed sites for independent businesses in its membership. Corner Corner, a 55, 000sq ft space that brings together food, live music and an indoor vertical farm will open on 4 April as part of a joint venture with Broadwick.
It is also opening a new concept in a central London location this summer, with details expected to be revealed soon.
Internationally, it will open KERB Berlin - a food hall with 12 independent food businesses in May. The business is also expanding in the US, where it opened the Saluhall food hall last year in San Francisco, in partnership with INGKA Centres.
A percentage of all revenue from KERB’s food halls and events are invested directly into KERB’s social enterprise, KERB+. One of its flagship programmes is Streets Ahead, a partnership with McCain Foodservice which, in the past year, has supported 25 participants, of which 13 have successfully secured a total of £108,000 funding from the programme.
