All Finance articles – Page 15
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NewsKuvi Hospitality appoints CEO
The investment platform, which aims to bring the best US brands to international markets, has appointed Shereen Ritchie as chief executive
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NewsRedCat Q1 growth driven by rooms and refurbishments
The group, which operates 36 pubs across the UK, said its accommodation business continued to outperform, with room sales up 8% on a like-for-like basis to £9.5m
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NewsThe Breakfast Club stays resilient
The cafe group achieved £18m turnover in FY25, while opening two new sites in London’s West End and closing its Canary Wharf location
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NewsKokoro committed to expanding UK presence
The Korean-Japanese QSR concept reported turnover of £36m in its latest accounts for the 15 months from 1 June 2023 to 31 August 2024, with profit after tax of £2.65m.
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NewsDomino’s launches share buy-back programme
The listed pizza group is looking to purchase £20m in shares to reduce its share capital and generate returns for shareholders
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NewsCubitt House grows sales by 7% in 2025
The premium pub, restaurant and hotel group, which is backed by TDR Capital, remains ahead of budget EBITDA for the 30-week period
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OpinionThe Pizza Pilgrims deal is an exciting move for the industry’s much-loved journeymen
The acquisition of Pizza Pilgrims by McWin-backed brand L’Osteria is a huge deal for founders James and Thom Elliot. All eyes will be on what it does next
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NewsHall & Woodhouse hails ‘excellent year’
The regional brewer and pub operator reported a 25% increase in underlying profit before tax to £8.1m
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NewsKrispy Kreme UK commences turnaround plan
The chain is reviewing its retail locations, with a view to being where the customer is and ensuring the company is set up for the future
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NewsPICK.YOUR.OWN. secures investment to accelerate rollout
The funding from Frontive Group and Cervus Investments will enable the London-based grab-and-go concept to open multiple new sites in the coming months
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NewsSoho House & Co signs take-private agreement; appoints new CFO
The London-based operator of private members’ clubs has signed a $1.8bn agreement with MCR – the US’s third largest hotel operator, in a deal which will see it exit the New York Stock Exchange.
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NewsBrakspear reports fall in adjusted EBITDA
The Henley-based pub operator saw adjusted EBITDA decline by 2%, to £10.7m, for the year to 29 December 2024, however turnover was up 7% to £41.3m
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NewsSoho House closes in on $1.8bn take-private deal
A group of investors headed by headed by New York-based MCR Hotels is nearing an agreement to buy out Soho House’s remaining public shareholders at about $9 a share, according to reports
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NewsWahaca returns to profit
The Mexican restaurant group reported a profit before tax of £0.7m for the 53 weeks to 30 June 2024 – up from a loss of £0.7m the prior year, according to its latest accounts
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NewsMcWin & TriSpan team up to acquire Flat Iron
The two private equity firms have secured a co-control majority investment in FI Holdings Limited, which operates the 18-strong chain of Flat Iron restaurants, for an undisclosed sum, with existing investor Piper to exit the business as part of the deal.
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InterviewsPizza Pilgrims: ‘We have clarity around our vision for the next chapter’
The experience offered by new owners L’Osteria, and backers McWin, alongside a belief in the potential to grow Pizza Pilgrims internationally, is “hugely exciting” for the business, co-founder Thom Elliot tells MCA.
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NewsBlacklock posts strong growth as brand expands beyond London
Growth was driven by sustained cover increases across the estate and the performance of its first regional site in Manchester, which has exceeded expectations
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NewsBusaba acquired for £75k
The seven-strong Thai restaurant group was acquired out of administration by Seaco Investments last month
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NewsOakman Group faced ‘substantial pressure’ from debt load
The premium pub operator made a loss of £18.1m in the year ended 30 June 2024, with like-for-like sales down 2.8%, prior to entering into administration last month
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NewsXP Factory sees ‘marked turnover’ in like-for-likes
The experiential leisure group said its Boom Battle Bar and Escape Hunt brands had returned to growth following a challenging first quarter due to the unseasonally warm weather and economic instability