Rare Restaurants named 'Business of the Year'

Rare Restaurants, the hospitality group that owns and operates Argentinian steak restaurants Gaucho and M Restaurants, claimed the Business of the Year title at the 2023 City A.M. Awards, which took place on 2 March at the Guildhall.

Rare Restaurants – the only shortlisted hospitality company – scooped the crown, beating fellow nominees Rolls Royce, Lidl, Marex and Yu. Previous winners include Astra Zeneca, Maclaren and Fevertree.

The award celebrates the best of the Square Mile, Canary Wharf and London's business community, recognising companies that have navigated economic headwinds 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 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."

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