Co-founders Steven Bartlett and Dominic McGregor have announced today they are to step down from their roles at Social Chain after six years.
CEO Bartlett and COO McGregor were just 20 and 21 respectively when they became founding members of the Manchester-based social media publishing and marketing company that has since grown to over 750 staff globally and has revenues forecast to hit $200 million this year.
Announcing his stepping down across social media this morning, Steven Bartlett said: “Social Chain was conceived on a small desk in the backroom of the uni I had just dropped out of in Manchester. I was 20, full of wild dreams, and I believed we could take on the world.
“What started as a crazy and sometimes ridiculed idea, in the mind of a few drop-out underdogs, at a time when people didn’t believe in the potential of this new thing called social media.
“As I write this, at 27, we have more than 700 Social Chainers around the world, a world-beating team, we went public last year, we are the best at what we do, and we’ve just posted record numbers. The company is showing unbelievable momentum and I remain Social Chain’s biggest fan, supporter, and believer.
“I owe an unpayable debt of gratitude to my team, past and present – if it wasn’t for you, my board, our chairman, (and mum and dad), I would be nothing.”
Twitter – Steven Bartlett
In a post to LinkedIn today, Dominic McGregor added: “I’m deeply proud of everything we’ve achieved, the relationships we’ve made and the lessons learned,”
“Social Chain is a very special company, the growth we’ve seen over the last six years has been quite frankly phenomenal, we recently posted record numbers, and based on some of the exciting things I’ve seen over the last year, the future promises to be even brighter than the past.
“This business has been my rock, even when I faced difficult times in my personal life. The purpose it gave me, and the people I worked with got me through – they gave me something to fight for and without it, and without them, I wouldn’t be the person I am today.”
LinkedIn – Dominic McGregor
The pair has overseen exponential growth throughout the past six years at Social Chain.
The journey may have started with humble beginnings in Manchester, but Social Chain now has bases in London, Berlin, New York and Munich, and works with global brands such as Amazon, Coca Cola and Apple.
It claims an owned media reach of over 2 billion views a month.
Last year, the company merged with German online retailer Lumaland AG to become The Social Chain AG and list on XETRA and the Düsseldorf Stock Exchange, and it recently announced the largest acquisition in its history by taking a 51% stake in A4D Inc – a Southern Californian digital performance marketing agency.
It has been confirmed that Wanja S. Oberhof – currently Co-CEO of Social Chain AG – will retain his position as CEO upon Bartlett’s standing down.
You can find out more about Social Chain AG via its website here.
Business
Kala announces closure after more than half a decade in Manchester city centre
Another hit for the Manchester hospitality sector as city centre cult favourite Kala has announced it has closed with immediate effect.
The Manc bistro, beloved for putting a contemporary slant on British and French classics, was opened by restaurateur Gary Usher back in 2021, receiving plenty of positive press over the years.
Announcing the shutdown on Tuesday evening (24 June), Usher shared an extended statement on social media, explaining the details behind the decision – but there was one, clear, overriding reason.
Confirming the news on Instagram, the chef-owner wrote: “Gary Usher here.. It’s with a heavy heart that I announce the immediate closure of Kala. I’m not really sure how to explain why we’ve closed other than we weren’t busy enough to cover our costs.
“I really really want to blame the economy and the pandemic. I really want to say the rising costs have made it impossible. All those factors haven’t helped, but we are 50% down in trade at Kala, and that is the killer.”
Nevertheless, Kala’s reputation has remained strong throughout, boasting one of the best elevated albeit accessible evening and lunch deals in the city centre, not to mention at very reasonable prices.
Moreover, they were famed for their stunning Sunday dinners, with Sacha Lord dubbing them the best roasts in Manchester he’s had “in ages.”
Usher goes on to add: “It goes without saying our business rates [are] increasing substantially, and the hike in NIC [national insurance] contributions only works against us. This was not planned, but neither was us being this quiet in June. All the Kala team will be paid up to date, our rent & suppliers too.
“If you have a voucher with us, as always, it can be used in the wider group. It was always a dream to have a restaurant on King Street in Manchester. I just wish it had lasted longer than 6 years.
“Thank you to all the team past & present & I’m so sorry to all of you and all the guests that I couldn’t create something with longevity.
“Please come and visit us in Didsbury at Hispi where it will be our pleasure to welcome you. Farewell, King Street. Farewell Kala. Gary.”
We’re back after a busy Sunday lunch service with our Monday lunch options. Don’t forget our great value bistro menu is available all evening too. pic.twitter.com/TtV4grWurK
Kala closing marks yet another local business we’re gutted to see go, as it was only earlier this month that we had to bid goodbye to both Medlock Canteen and Indian street food spot, Rola Wala, which closed on Monday.
Safe to say it’s been a gutting few days for local food and drink.
With that being said, please do support the Elite Group’s remaining restaurants where you can, which include the aforementioned Hispi, The Sticky Walnut in Chester, The White Horse in the Cheshire village of Churton, as well as Wreck in Liverpool.
All we can say is thanks for the memories and the brilliant food.
Co-op is offering shoppers £10 discounts to say ‘thank you’ for their cooperation during the recent cyber attack disruption.
Last month, the supermarket retailer’s stock was massively affected due to what was described as ‘malicious attempts by hackers to access [its] systems’, leaving shelves of stores across the UK bare, and payments by shoppers disrupted.
The company called it a ‘highly complex situation’, and also confirmed that hackers stole personal data – including members’ names and contact details.
The Co-op was just one business to be hit by cyber attacks this year, with other major ones affecting several other retailers like Marks & Spencer and Harrods.
Co-op is offering shoppers £10 discounts as a ‘thank you’ following its cyber attack / Credit: Co-op (via Flickr)
Now that Co-op’s 2,300 food stores nationwide have successfully returned to usual trading, the retailer wants to show gratitude to its 6.5 million members who supported the business while the attack was taking place.
To say ‘thank you’, Co-op is offering its members a 25% discount on a £40 shop, meaning they can get £10 off their purchases.
“I’m very proud that, thanks to the work of our colleagues, we are very near to making a full and complete recovery from the recent cyberattack on our Co-op,” commented Co-op’s Managing Director of Food, Matt Hood, “and I’m delighted to see our stores looking back to normal and being able to serve our shoppers and communities.
“We are so grateful to our member owners for their support and patience with us during what was a very difficult time.
“I hope this gesture of appreciation goes a little way to showing them our thanks, with more value rewards to come over the summer.”
The 25% offer runs from today (Wednesday 18 June) right through to 24 June at all Co-op stores across the UK, and it can only be used by members one time.
Emily Sergeant -
17th August 2020 
