Arc Inspirations to 'focus on the strategic alignment of its brands'
The relaunch is part of a £300,000 investment in the North Yorkshire site by Arc, and, it says, demonstrates the group’s ‘focus on the strategic alignment of its brands’.
Earlier this year the group closed its Pit bar in Leeds city centre, saying it wanted to “focus on the investment and expansion of [its] core brands”.
The closure of its Harrogate site will leave only one Pit bar still operating, in Leeds’ Chapel Allerton suburb.
Arc, whose portfolio also includes The Box and Banyan Bar & Kitchen brands, first established the New York-inspired bar Manahatta bar concept in Leeds in 2014.
The group currently runs 17 bars across the North of England, four of which operate under the Manahatta brand.
Last year Arc confirmed it had secured £7m funding from Santander towards its expansion, saying it had a “strong pipeline” of sites for 2019 and beyond.
The group, which opened its ninth Banyan Bar & Kitchen in Newcastle in March, saw its revenue rise 8.6% to £24.2m in the year to 1 April 2018, while EBITDA increased 33% to £3.2m.
“It’s exciting times for us as we continue to focus on and invest in our highly-differentiated growth brands and maintain the momentum we’ve achieved over the past year through successfully opening bars in new markets and reimagining what we’ve done previously,” says Martin Wolstencroft, chief executive of Arc Inspirations.
