Finance
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News
Toca Social announces new investment
The immersive soccer and dining experience, which has plans to open in major cities across the UK, has received an investment from Norwegian Chess Grandmaster Magnus Carlsen
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News
Loungers delivers record revenue
The all-day cafe, bar, and restaurant operator has reported £353.5m in revenue for the 53 weeks ended 21 April 2024, reflecting both strong like-for-like sales growth and the success of the openings programme
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News
Tortilla looks ahead to improved consumer outlook
The fast casual Mexican group reported a 14% increase in revenue at 3.6% increase in like-for-like sales in 2023, with consumer demand expected to further recover later this year
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News
Strong third quarter for Caffè Nero
The coffeehouse chain reported sales growth of 10.5% year-on-year in the UK, with double-digit growth in delivery sales and even stronger growth in the Coffee at Home business
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News
Wells & Co grows sales in tough cost climate
The pub operator and brewer plans to invest proceeds from pub disposals into new acquisitions in France during the first quarter of 2024
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News
Deliveroo: ‘More stable but still uncertain’ consumer environment
Order growth in the UK and Ireland remained flat year-on-year, albeit the delivery company reported ongoing signs of stabilisation in consumer behaviour
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News
Wagamama aims for 200 restaurants
The Pan-Asian restaurant chain said it had clear visibility of a profitable openings programme with a healthy pipeline in place, including ten further sites lined up for FY25
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Interviews
TGI Fridays deal ‘pretty huge win’ for both businesses
Speaking after an agreement was announced for Hostmore to acquire the US-based TGI Fridays in a reverse takeover, chairman Stephen Welker tells MCA how the business has not received due credit in the market for its turnaround
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News
Revolution Bars sets out restructuring plan
If implemented, the strategy aims to return the company to profitability by improving EBITDA, reducing debt, and enabling a recommencement of the refurbishment program
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News
Hostmore to acquire franchisor TGI Fridays US
The proposed reverse takeover would bring together the casual dining brand’s largest franchisee with its global franchisor for an enterprise value of £177m, with the combined group to be renamed TGI Fridays plc
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News
Gymkhana Fine Foods raises £2.4m in seed funding
The retail spin-off from JKS Restaurants and former Mars executive Gulrez Arora is being backed by venture capital firm CAVU Consumer Partners
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News
Fulham Shore turnover nears £100m
Franco Manca and The Real Greek brands both reported strong revenue and estate growth in 2023
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News
Cooks Coffee sales up 17% to £27.9m
The Esquires operator plans to open more than 10 outlets in Q2 2024
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News
Busaba continues to explore expansion opportunities
The Alan Yau-founded Thai restaurant group reported a 2% decline in like-for-like sales, but continues to look at opportunities “closer to London”
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News
Caravan focuses expansion outside of London
The group reported a strong trading performance, with growth in both transaction volumes and spend, as it prepares to open a new site in Manchester
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News
Revolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
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News
Revolution Bars Group announces restructuring plan
The group is looking to raise £12.5m, including £3m from Luke Johnson, which will be used to restructure the Revolution-branded estate; while simultaneously launching a formal sales process
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News
Portobello Pub Company acquires Darwin & Wallace
The London bar operator will continue to operate under the same name, with founder Marriott to step down from day-to-day operations, and the enlarged group led by Richard Stringer, managing director of Portobello
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News
Tasty to exit 20 loss-making sites
The Wildwood and Dim T restaurant operator has announced a £750,000 loan agreement with Bet365 shareholder Will Roseff to fund a planned restructure
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News
Sessions receives £3m Guinness Ventures backing
The food brand licensing platform will use its new seven-figure backing to launch a franchising arm with brands including SoBe Burger