All Finance articles – Page 2
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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
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NewsDishoom reports 17% increase in turnover for 2024
The Indian restaurant group, which recently received investment from L Catterton, delivered substantial revenue and EBITDA growth in FY24, with positive momentum continuing into 2025
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NewsJust Eat Takeaway takeover approved
The European Commission has approved the €4.1bn takeover of Just Eat Takeaway by Prosus, after the technology investment group offered to make significant concessions in order to gain permission for the food-delivery deal
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NewsPizza Pilgrims acquired by McWin-backed restaurant group L’Osteria
German-based Italian restaurant group L’Osteria has acquired a majority stake in the Neapolitan pizza brand for an undisclosed sum, and will partner with Pizza Pilgrims as it explores opportunities for international openings and measured expansion in the UK.
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NewsSix by Nico raises £1.6m in early access crowdfunding
The six-course tasting menu concept group will use the funds to support the opening of its new flagship in London and to reduce existing debt
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NewsKrispy Kreme targets UK refranchising as part of global turnaround plan
Krispy Kreme is set to refranchise its UK and Ireland operations as part of a newly announced turnaround plan focused on profitable US growth and capital-light international expansion
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NewsUK driving international sales at Restaurant Brands International
RBI, owner of the Burger King, Tim Hortons, Popeyes franchises, reported a 9.8% increase in system-wides sales within its international business with Popeyes achieving really strong sales outside the US
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NewsSales return to growth for Papa Johns UK
The pizza delivery chain has undergone significant transformation since 2023, a strategy that has led to growth in both customers and sales, according to CFO Ravi Thanawala