New Edinburgh open-air venue announced with street food, drink and entertainment
Local brewer Innis & Gunn has announced the exciting new destination, set to open on Raeburn Place on Friday, August 1. The former Neighbourgood Market site will include Scottish food, drinks and entertainment.
It will also offer guests free entry and include food traders Cromars, steak fries specialists Flame to Fork, pizza makers Wanderers Kneaded and Innis & Gunn's very own beer.
READ MORE: Owner of thriving Edinburgh restaurant 'signed lease without telling girlfriend'
READ MORE: Moment brazen Edinburgh gang 'attempt to steal motorbike' in broad daylight
Edinburgh Gin and Lost Orchards will also be taking a spot at the event, named Stockbridge Social, with a surprise entertainment programme also in the works.
Dougal Gunn Sharp, founder and master brewer at Innis & Gunn, said: 'We're incredibly proud to play a big part in the fabric of Scotland's capital – from the Highland Show to the Fringe to the Christmas market – and the fact we have this incredible opportunity to take over the market in Stockbridge is unbelievably exciting. It's a very proud moment for us!
'With the Fringe returning and Oasis coming to town, Edinburgh is electric and we're cock-a-hoop to be part of it all.'
Stockbridge Social will run daily throughout August, with free entry seven days per week. The venue is dog-friendly and family-friendly, with shaded seating and a laid-back community feel.
Full food and entertainment line-ups are set to be confirmed in the coming days. Visitors can follow @stockbridgesocial on Instagram and sign up to the mailing list via www.stockbridgesocial.com for updates.
Join Edinburgh Live's Whatsapp Community here and get the latest news sent straight to your messages
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Axios
4 hours ago
- Axios
The tariffs that stole Christmas
The Christmas business is typically pretty cheerful, but not this year: Companies that import and sell Christmas trees, twinkling lights and other holiday decorations say they've been hammered by tariffs. Why it matters: You'll likely pay more for holiday supplies, and have fewer products to choose from — industry leaders are even warning about possible shortages. "There's no question that it will be harder to find the exact tree and decor that that you want this year, and it'll be more expensive," says Jami Warner, executive director of the American Christmas Tree Association. Where it stands: Christmas executives (yes, that's a thing) have had to be real Scrooges since President Trump's "Liberation Day" tariffs. They've laid off workers, canceled or cut back imports, and raised prices to deal with higher import taxes — and they're still waiting to see where tariffs wind up. "It's like lack of sleep, absolute anxiety fest all the time — ulcers. I mean, it's just awful," says Jared Hendricks CEO of Village Lighting Company, which sells Christmas lighting and decorations. Hendricks says he has a loan of about $1 million, backed by his house, that he may need to tap to pay tariffs to bring product into the country. Shipments are still coming overseas, delayed after he canceled everything in the wake of the 145% tariff rate that was briefly in effect on China this spring. Catch up fast: The White House backed off triple-digit China tariffs, but they're still highat 30% — and could go higher yet. To afford these fees, companies are importing less. "Everyone is ordering less," says Dan Casterella, CEO of American Christmas, a holiday decorating business (they do Rockefeller Center and other major displays). "I'm getting emails weekly from factories in China with people who have canceled orders or companies that have gone out of business asking us to buy product," he says, noting that he has let go 20% of his full-time staff, about 100 people, to make up for tariff costs. By the numbers: Prices overall for Christmas decor could be 15 to 20% higher, according to interviews with executives in the industry and the American Christmas Tree Association. Certain items might be harder to find. "There are whole categories of trees that we may not have, or we have really small quantities of," says Mac Harman, founder of Balsam Hill, which primarily sells artificial trees. "Eventually, we'll get to a point where we may not have any trees." The intrigue: It's not totally clear that consumers will see all these price increases. The smaller importers say they're being pressured to absorb much of these costs. " Our big-box customers are telling us, 'we've promised that we're not going to raise prices, so you guys have to eat it,' " Hendricks says. Reality check: Plenty of folks have their ornaments and trees safely stored away for re-use every year. And beyond decor, stores will still be stocked with stuff you can buy for friends and family.
Time Business News
10 hours ago
- Time Business News
Hospitality Cash Flow Experts Reveal Smart Ways to Keep Your Restaurant Profitable in Australia
Managing cash flow remains one of the most significant challenges facing Australian hospitality businesses today. Between rising ingredient prices, staff shortages, fluctuating customer demand, and seasonal shifts, restaurant owners must continuously monitor how money moves in and out of their business. Cash flow problems have been the downfall of many bustling restaurants, even those with strong customer turnout. When cash inflows slow down or expenses spike unexpectedly, even profitable operations can find themselves struggling to meet ongoing costs and turn a profit. This article distills valuable insights from hospitality cash flow experts, offering practical tips tailored specifically for Australian restaurants. You will also discover how debt collection services designed for the hospitality sector can assist in recovering unpaid invoices and reducing financial losses. Running a restaurant in Australia is no easy feat. The hospitality industry faces distinct pressures from the cyclical nature of business. Peak seasons like Christmas, Easter, and school holidays bring busy trading periods, whereas months such as February and July can be notoriously slow. Despite fluctuations in sales, rent, wages, and supplier bills must be paid promptly. One delayed payment can cause a domino effect, especially if multiple customers or clients postpone their payments. Even restaurants with steady foot traffic can experience cash flow crunches. Moreover, suppliers often enforce strict payment terms. Falling behind on payments can jeopardize supply reliability, potentially disrupting kitchen operations. Add in recurring expenses such as marketing campaigns, equipment maintenance, and utility bills, and cash flow management becomes a complex balancing act. The unpredictable interplay of revenue and expenses means business owners must maintain a careful watch over daily income and outgoings, anticipating upcoming costs and planning for unexpected setbacks. Cash flow experts bring structured financial planning and clarity to what can often feel like a whirlwind of transactions. These professionals analyse daily sales, spending habits, and fixed costs, providing restaurateurs with a clear picture of how money flows through their operations. Beyond just tracking income and expenses, cash flow experts prepare businesses for significant upcoming spending such as tax obligations, licence renewals, or major equipment repairs ensuring these costs are factored into financial plans well in advance. Their expertise enables early identification of profit leaks and cash flow pressure points. By implementing well-tested strategies and simple operational adjustments recommended by such experts, restaurants can dramatically improve their financial resilience. For example, cash flow consultants may suggest renegotiating supplier terms, tweaking menu prices, or implementing cash flow forecasting software. These insights are invaluable to restaurateurs aiming to sustain profitability through volatile periods. Improving cash flow is often about making small, strategic adjustments that cumulatively create significant positive effects. Here are several actionable tips hospitality cash flow experts recommend: Review Daily Earnings and Stock Levels: Monitor daily sales to adjust your stock purchases accurately. Avoid overstocking items with slower turnover to reduce waste and free up cash. Monitor daily sales to adjust your stock purchases accurately. Avoid overstocking items with slower turnover to reduce waste and free up cash. Focus on High-Margin Menu Items: Identify your best-selling and most profitable dishes, and consider promoting these more heavily. Updating your menu periodically ensures alignment with current customer preferences and profitability goals. Identify your best-selling and most profitable dishes, and consider promoting these more heavily. Updating your menu periodically ensures alignment with current customer preferences and profitability goals. Offer Incentives for Early or Prepaid Bookings: Encourage customers to pay upfront or early by offering small discounts or value-added incentives. This can improve cash flows and reduce the likelihood of no-shows. Encourage customers to pay upfront or early by offering small discounts or value-added incentives. This can improve cash flows and reduce the likelihood of no-shows. Implement Deposit Requirements for Large Groups: For functions or large bookings, require a deposit to secure the reservation. This helps cover upfront costs and reduces the risk of cancellations without notice. For functions or large bookings, require a deposit to secure the reservation. This helps cover upfront costs and reduces the risk of cancellations without notice. Schedule Staff According to Customer Traffic: Use historical sales data to predict busy and slow periods, aligning staff rosters accordingly to avoid overstaffing and minimise labour costs. Use historical sales data to predict busy and slow periods, aligning staff rosters accordingly to avoid overstaffing and minimise labour costs. Use Automated Financial Tracking Software: Invest in software solutions that automatically track income, expenses, and key performance indicators (KPIs). Real-time financial insights enable faster decision-making and accurate budgeting. Invest in software solutions that automatically track income, expenses, and key performance indicators (KPIs). Real-time financial insights enable faster decision-making and accurate budgeting. Maintain a Cash Reserve: Wherever possible, build a cash cushion through disciplined savings during profitable periods to buffer against slow months or unexpected costs. Taking a proactive, data-driven approach to daily operations helps maintain control over money movement and prevents budget overruns. These small improvements also build a culture of financial mindfulness among staff. Many restaurants operate with payment terms, especially when providing group functions, catering, or events where invoices are sent after the service. Unfortunately, delayed or unpaid client invoices are common, which can severely disrupt cash flow. The best debt collection services for restaurants designed specifically for Australian small businesses including restaurants offer expert support to recover overdue payments without harming customer relationships. These agencies understand the hospitality sector's nuances. They balance professional firmness with respectful communication to maintain goodwill and compliance with Australian consumer laws. Some collection agencies integrate directly with your point-of-sale systems, allowing you to send overdue accounts for recovery conveniently. Utilising a reputable debt collection service can reduce losses, improve cash inflows, and free up valuable time for managers to focus on operations rather than chasing payments. If an invoice remains unpaid for over 30 days despite multiple reminders and no response from the client, it may be time to consider professional debt collection. Acting early increases the likelihood of recovering debts and avoids the amount becoming more difficult to recoup later. However, choosing the right agency is crucial. Look for agencies experienced in hospitality, able to tailor their approach to your restaurant's specific needs and budget. Transparent communication and regular case updates are essential features of a reliable service. When selecting a cash flow consultant or financial advisor, hospitality experience is vital. The advisor should provide straightforward, actionable advice that fits your restaurant's size, location, and operational model. Furthermore, compatibility with your existing accountant or bookkeeper ensures seamless integration and avoids duplication or conflicting strategies. Ask for references or case studies demonstrating their success in helping Australian restaurants across major cities such as Melbourne, Sydney, and Brisbane. An ideal advisor will not only crunch numbers but also understand the daily realities of running a restaurant business and offer solutions that are practical and achievable. Cash flow issues affect every restaurant at some stage, but they don't have to signal failure. With the right tools, forward planning, and expert support, your restaurant can maintain profitability . best debt collection services for restaurants withstand the inevitable ups and downs of business. Regularly monitoring your financial health, encouraging upfront deposits, fine-tuning operational efficiencies, and enlisting professional help for overdue payments make a tangible difference. Remember: profit isn't a lucky accident. It comes from disciplined planning, smart decision-making, and the willingness to seek outside help when needed. If you're struggling with cash flow or late payments, don't wait to speak to a debt collection agency or a hospitality cash flow expert today to set your business on stable financial footing and preserve its future success. TIME BUSINESS NEWS
Yahoo
2 days ago
- Yahoo
Asda points to ‘spreading cost of Christmas' as festive stock spotted on shelves
Asda has stressed the importance of spreading the cost of Christmas for customers, after festive products were spotted on sale in its stores. Pictures on social media appeared to show packets of Maltesers Mini Reindeers and Haribo Merry Mix on display at the supermarket at the end of July, some five months before Christmas. One user posted a picture of a Cadbury Mini Snowballs chocolate bar that they claimed to have bought on July 25. Some of the products were also available to buy on Asda's online grocery shopping website. An Asda spokesperson said: 'We know how important it is for our shoppers to be able to spread the cost of Christmas and we start to see searches for Christmas products on as early as August. 'Confectionery in particular is one of those items that can be kept aside for those customers who like to get everything prepared in plenty of time.' An industry expert said the supermarket's introduction of the themed products at such an early stage could help to boost its sales. Sarah Coles, head of personal finance at Hargreaves Lansdown, said: 'Every year we say that Christmas is coming earlier, but starting in August has been the norm for some retailers for years. 'For retailers trying to sell us Christmas gifts, there's less mileage in starting in the summer. 'People will shop early, but once they've bought each present, their list is done and dusted. It's why September will usually see the launch of Christmas departments. 'For supermarkets, there's a huge opportunity to persuade people they're stocking up early, on the understanding they'll end up eating everything, and having to do it all over again.' The British Retail Consortium said on Thursday it predicted food inflation would rise to 6% by the end of the year, and it would 'pose significant challenges to household budgets, particularly in the run-up to Christmas'. Grocery price inflation also rose to 5.2% in July, up from 4.7% a month earlier and the highest level since January 2024, according to market research firm Worldpanel. Ms Coles said: 'For shoppers, as long as we're not busting the budget, there's no real harm in getting into the festive spirit early. It's just important to keep an eye on your spending. 'One sensible option is to keep the receipt from your previous shop and then compare it at the till. If your Christmas treats are taking you beyond what's affordable, you will need to keep a lid on them until closer to the big day.'
