Finance – Page 5
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NewsBangerz ‘n’ Burgerz enters liquidation
The burger and hot dog restaurant previously had seven sites along the south coast, with 7Bone taking over its Brighton site last year
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NewsRare Restaurants achieves double-digit turnover growth
The Gaucho and M operator saw revenues reach £75.3m in 2023, and continues to grow its brands with a pipeline of 30 locations
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NewsSoho House ‘hurtling towards financial ruin’
GlassHouse Research accuses the private members club of having a broken business model, terrible accounting and a persistent lack of profits
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NewsKFC UK system sales up 6%
Parent company Yum! Brands reported results for 2023 including worldwide system sales up 7% at KFC, with Taco Bell at 6%, and Pizza Hut at 1%.
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NewsCarlsberg expects moderate operating profit growth
In the UK, the business reported ’solid performance ahead of market’ with good growth for Poretti, Brooklyn and alcohol-free brews.
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NewsLiberation Group reports record FY turnover
The premium pub operator and brewer saw a record outperformance in the year ended January 2024, with revenue up 22.5% year-on-year to £147m and all divisions in growth
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NewsBig Fang Collective secures £5.5m from ThinCats
The crazy golf operator, which operates six sites under its Ghetto Golf and Golf Fang brands, has expanded its proposition to combine multiple concepts under one roof and has a strong pipeline in place
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NewsCost pressures impact Pieminister profits
The pie specialist reports it absorbed the majority of cost increases, albeit revenue growth in the retail channel stood at 14% as it looks to reach 100 sites by 2030
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NewsMcDonald’s UK increases market share in breakfast
Expanding Saver meal deals and enhancing the value proposition has driven growth in an earlier day part, while the UK also continues to build on success in the chicken category, according to CEO Chris Kempczinski
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NewsOle & Steen impacted by macro-economic upheaval
The all-day bakery brand said its results for the year ending December 2022 did not meet expectations, driven by the turmoil of the economic market situation, with costs rising to unprecedented levels
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NewsHawksmoor delivers record turnover in 2023
The restaurant operator continues to eye international expansion, with a second US site lined up in Chicago for later this year.
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NewsStrong UK debut for Blank Street
The specialty coffee chain reported £1.8m turnover for its first six months in the UK, with plans to expand its offer and launch a subscription program
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NewsDaisy Green doubles pre-pandemic revenues
Daisy Green’s strategy is to continue to invest in new sites and grow its direct to consumer businesses, after achieving turnover of £17.9m for the year ending April 2023
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NewsBlank Street Coffee auditors warn account figures may be ‘misstated’
The note comes as filings show the chain made a £2.9m loss in its first six months in the UK, the Evening Standard reports
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NewsGrind achieves record annual sales
The London-based coffee company grew its high street sales by 25% in FY23, and said its coffee shops were back to trading above pre-pandemic levels as consumers return to the city
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NewsThe Alchemist receives £15m loan from OakNorth
The loan will support the rollout of new sites and refinance existing debt, as the cocktail bar group looks to open 10 new sites over the next three year
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NewsUrban Pubs & Bars poised for further growth
The London-based pub and dining group reported a 17% increase in like-for-like sales, having doubled the size of its business over the past two years
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NewsVarious Eateries reports 12% revenue growth
The Coppa Club operator has reported a resilient performance in the year ended October 2023, with plans to open up to 10 Noci and three Coppa Club sites
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NewsMcWin to acquire Sticks’n’Sushi
The Denmark-founded premium Japanese-inspired restaurant concept, which has 12 locations in the UK, has reached an agreement for specialist investor McWin to acquire a majority shareholding
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NewsNew Year’s Eve breaks records at Incipio
The group cited seasonal activiations, high energy brunches, and the use of TikTok for driving strong like-for-like growth over the festive season