All Finance articles – Page 17
-
NewsHeineken UK investing £39m in pub estate
The investment will go towards reopening 62 closed pubs, and improving around a quarter of Star’s 2,400 estate, worth on average £200k per pub
-
InterviewsTGI 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
-
NewsTom Kerridge: The mid market is very, very difficult
The chef and high-end pub operator said he would be “absolutely terrified” if his business was solely reliant on restaurants, due to inflation and cost pressures
-
NewsMajestic completes acquisition of Vagabond
The retailer and supplier has acquired the wine bar concept out of administration, saving nine bars from closure, though the Canary Wharf and Gatwick airport sites were not included as part of the deal
-
NewsSysco GB returns to profit for first time since 2018
The foodservice supplier, which is continuing to pursue acquisitions, posted UK revenues of £2.8bn in 2023
-
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
-
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
-
NewsDomino’s to open 60 stores this year
The company is on track to deliver its FY23 guidance of underlying EBITDA in the range of £132m-£138m
-
Analysis & InsightIs investment returning to the hospitality sector?
Nick Wallis, partner at Shelley Sandzer Corporate Finance, sees positive signs for the recovery of the sector in a flurry of recent M&A deals
-
NewsHall & Woodhouse offloads Rio
Irn Bru maker A.G. Barr has aquired the tropical drink brand for £12.3m
-
NewsDeliveroo Q3 sales up 7% to £297m in UKI
In the UK & Ireland, growth transaction value (GTV) was up 9%, while orders were up by 3%
-
NewsTRG announces sale of Leisure business to Big Table Group
The Big Table Group will take over the division, principally consisting of the Frankie & Benny’s and Chiquito brands, in a deal expected to complete in October - with TRG paying a cash contribution of £7.5m as part of the transaction
-
NewsHostmore CFO steps down
Alan Clark leaves following a difficult financial period for the TGI Fridays operator, where it posted losses of £91m and announced a series of cost reduction measures
-
Interviewsitsu reports record sales in last 8-12 weeks
Directors Greg Thorpe and Neil Miller break down the sales resurgence at the food to go brand, regional profiles across the estate, and the next steps in its digital journey
-
NewsDirectors buy True North Brew Co out of administration
Founder and MD Kane Yeardly acquired the 12-strong pub operator, brewer and distiller, which is based in Sheffield
-
Analysis & InsightTDR Capital: ‘These guys are ninjas, I wouldn’t bet against them.’
Following the private equity group’s £50m backing of Popeyes UK, MCA looks at the background of the investor behind Stonegate, EG Group and Gondola Holdings
-
Analysis & InsightM&A: ‘The best businesses always sell’
Dealmaking activity in the pub sector is expected to pick up in the latter part of 2023, as inflation belatedly begins to come under control, Peter Hansen, partner at Sapient Corporate Finance predicts
-
InterviewsHeartwood Collection: ‘We are moving forward at pace’
MD Richard Ferrier says surety of funding is enabling it to grow quickly, with investor Alchemy motivated to deploy capital for the right acquisitions
-
InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
-
Analysis & InsightDamage control: Righting the passage of TRG’s share price
Is The Restaurant Group’s new strategy a big enough catalyst to improve the position of its share price or is a more radical shake-up required? MCA reports