Finance – Page 4
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NewsVagabond undertakes restructuring process
The Imbiba-backed, London-based wine bar chain attributed the decision to legacy Covid debts, cost pressures, and the forced closure of the company’s Heathrow venue - albeit all other locations remain open and trading
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NewsEG Group grows foodservice sales
The group reported £243m in foodservice sales in Q4, driven by its focus on pricing and operating efficiencies as well as the ongoing foodservice investment programme
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NewsEconomic headwinds cause loss for Upham Group
The Hampshire-based premium pub operator grew sales to £18.4m but posted a loss of £780k for 2023
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NewsCoffee#1 sees double-digit sales growth
Iced coffee has established itself as a growth driver for the Nero Group-owned coffee shop chain, which reports £54m in sales as it continues expanding its 118-strong estate
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NewsLuke Johnson takes a stake in Tortilla
The serial investor has snapped up 3.6% worth of shares in the fast-casual concept, valued at around £682,200
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NewsJust Eat grows profits in UK
Adjusted EBITDA in the UK & Ireland improved to €135m in 2023 (2022: €23m), driven by enhanced delivery efficiency and simplification
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NewsCornish Bakery sees ‘significant’ opportunity for growth
The 56-strong bakery chain reported £23.7m in turnover as it plans to ‘double or triple’ in size
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NewsDanieli Group reports £10m turnover
The Northeast-based group, which operates The Muddler, YOLO, and Destination 1850 brands, said the STACK concept accounted for 31% of turnover until its exit from the group in December 2023
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NewsSticks’n’Sushi secures £22m loan from OakNorth
With the support of McWin and OakNorth Bank, the premium Japanese restaurant group will continue to open new restaurants across the UK
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InterviewsItsu plans 15-25 shops in 2024
The healthy eating brand is doubling down on London after seeing workers return to their offices more regularly, CFO Greg Thorp tells MCA
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NewsRekom UK sold for £19.5m in pre-pack
Just one offer was received for the group of companies from a connected party, after it was established that no new investment was available from existing shareholders or secured creditors
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NewsPunch Pubs reports growth across all divisions
The pub company has identified 70 new pubs in its leased & tenanted estate it will look to convert to its management partnership model over the next three years
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NewsPortobello Starboard like-for-like sales ahead of market
The South East based pub and hotel business reports above budget returns from recently invested sites helped it exceed targeted EBITDA
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NewsWendy’s: ‘We’ve seen real momentum in the UK’
CEO Kirk Tanner says the fast-food brand’s quality differentiation is resonating with UK consumers, giving him confidence to grow the market and create a springboard into Europe.
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NewsKnoops sees record start to 2024
Store revenue for the chocolate drink specialist increased 23% on a like-for-like basis, with FY24 turnover expected to more than double vs FY23
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NewsMegan's sales up 10% in January
The 19-strong all-day neighbourhood operator, which is chaired by Rod McKie, has secured four new sites for 2024
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NewsApollo ‘in talks’ for Alshaya Starbucks franchise
The private equity firm Apollo Global Management is interested in acquiring a minority stake in the Middle East, North Africa and central Asia Starbucks, according to a Reuters report
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![Sky Garden Rhubarb[86]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/3/1/3/316313_skygardenrhubarb86_224731.jpg)
NewsRhubarb Hospitality Collection reports full recovery
The high-end restaurant company, which operates the F&B offer at venues including Royal Albert Hall and Sky Garden, reported £38.1m in turnover for 2022
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NewsKrispy Kreme faces continued pressure on profitability in UK
CEO Josh Charlesworth said the doughnut chain is taking action to improve profitability as it reports lower volumes in the UK in FY23
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NewsHonest reports double-digit sales growth in December
The strong performance has continued into 2024 with 12% like-for-like growth versus January 2023