The Stock Market Grill, the signature restaurant in former footballers Ryan Giggs and Gary Neville’s Stock Exchange Hotel in Manchester, has closed down just four months after its grand opening.

The ‘British brasserie’ launched to considerable fanfare on 1 March, replacing Tom Kerridge’s Bull & Bear. It was the first restaurant run by high-profile bartending brothers Joe and Daniel Schoffield, who already operated the hotel’s basement cocktail bar Sterling.

Joshua Reed-Cooper, formerly of top Northwestern restaurants Mana, Where The Light Gets In and The French, was appointed to lead the kitchen, with Joe Schofield declaring: “We aim to create one of the best restaurants in the North of England.”

Announcing the immediate closure in a statement, the hotel said the restaurant would continue to serve breakfast and room-service meals to overnight guests, while Sterling would remain open. “Further details on Stock Exchange Hotel’s new F&B concept will be revealed in due course.“

There was no further explanation, although a large swathe of the hospitality industry is suffering in the current economic climate. This week, powerful D&D London quietly shuttered its French restaurant Plateau in Canary Wharf citing the post-pandemic decline in business dining, while while recent months have also seen Joe Botham’s small but highly rated Basque specialist Levanter closing in Ramsbottom, on Manchester’s northeastern fringe.

Some of the larger operators continue to expand, however. Both Gordon Ramsay and Richard Caring’s Caprice group have recently committed to major openings in Manchester, with respectively Lucky Cat and Sexy Fish.