Rare Restaurants, the boutique hospitality group consisting of modern Argentinian steak restaurants Gaucho and M Restaurants, has taken home the title of Business of the Year at the prestigious 2023 City A.M. Awards at the Guildhall.
The only hospitality company shortlisted, Rare Restaurants scooped the title, beating fellow nominees Rolls Royce, Lidl, Marex and Yu. Previous winners include Astra Zeneca, Maclaren and Fevertree.
The award celebrates the best of the best of the best, recognising a company that has navigated economic headwinds and come out ahead with smart management, an innovative approach and impressive growth.
A true example of this, Rare Restaurants reported record turnover and delivered an annual profit north of £10m in 2022.
The company opened new award-winning venues in Canary Wharf and Liverpool and collaborated with charities to bring long-term positive impact to communities both across the UK and internationally.
Furthermore, Rare Restaurants’ commitment to sustainability, ethical farming and offering ‘carbon neutral steaks’ has remained at the fore of the business.
Martin Williams, CEO of Rare Restaurants comments: “The City A.M. Awards celebrate a wide range of businesses in the Square Mile, Canary Wharf, and the wider business community, which is our company’s heartbeat.
'We are thrilled to receive the accolade of Business of the Year, particularly in the face of all the headwinds the hospitality industry has navigated.
'With record breaking turnover last year and three new Gaucho sites opening in 2023, we are very excited about the future.
'Achieving this award is an honour and a testament to our passionate, hard-working and brilliant team,' concluded Martin.