All Finance articles – Page 34
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NewsBird sold in pre-pack to Crown Partnership
Fried chicken and waffle concept Bird has been sold in a pre-pack administration to the hospitality and catering business Crown Partnership, MCA has learnt.
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NewsUS franchise entrepreneur swoops on Wrap it Up
US restaurant executive and investor Aziz Hashim has bought a majority stake in World Gourmet Restaurants, the operator of grab and go franchise Wrap it Up!, MCA can reveal.
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NewsBounce-operator appoints PE director
Social Entertainment Ventures (SEV), Adam Breeden’s competitive socialising company, has appointed Acropolis Capital CEO Cameron Chartouni as a director, MCA understands.
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NewsCabana calls in administrators, sold to Hush
Cabana Restaurants, the Jamie Barber-led Brazilian barbecue brand, has appointed administrators, with five sites sold to Hush Brasseries, another Barber-led group.
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NewsSukhothai undergoes partial MBO
Thai casual dining group Sukhothai has undergone a partial management buy-out (MBO), with the current management team joining founders Gerrard Marks and Yupha (Ban) Kaewkraikhot as shareholders.
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NewsBruce Pubs withdraws bonds from the NEX Exchange
Scottish operator Bruce Pubs has withdrawn its company’s bonds from trading on the NEX Exchange, only eight months after being admitted.
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NewsAdnams losses widen as it overhauls systems
Suffolk brewer Adnams made a loss of £939,000 for the first six months of 2019, as it overhauled its 30-year-old core systems.
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NewsBoxpark appoints KPMG to review investment options
Boxpark has appointed KPMG Corporate Finance to review investment options to expand the business nationwide and internationally, following recent interest from prospective partners.
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NewsChilango boosts throughput by 22.5% with kiosk tech
Burrito brand Chilango has boosted its throughput by up to 22.5% during busy periods after installing self-ordering kiosks, CEO Eric Partaker has revealed.
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NewsThe Alchemist invests in workforce
The Alchemist has grown turnover by 17.3% to £41m in the year to March 2019, from £34.4m in 2018.
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NewsWrapchic bought out of administration
Indian-Mexican fusion burrito brand Wraphic has been bought out of administration after being impacted by “issues with franchisees”.
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NewsGreggs hails vegan sausage roll for ‘exceptional’ H1 trading
Greggs has delivered an “exceptional trading performance” in the first half of 2019, off the back of the popularity of its vegan sausage roll, and building on a successful end to 2018.
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NewsSodexo: No impact on partnership after Taylor St Baristas calls in administrators
Speciality coffee group Taylor St Baristas has appointed administrators, days after selling its café estate to Black Sheep, and abandoning a crowdfunding campaign.
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NewsTaylor St Baristas pulls crowdfunding campaign
Taylor St Baristas pulled its crowdfunding campaign after taking the view that it “wasn’t the right investment vehicle for us at this time”, CEO Nick Tolley has told MCA.
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NewsMarston’s defers £70m new-build programme
Marston’s is deferring a £70m new-build programme, and reallocating £20-30 million of funds into the pub company’s organic capital plans.
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NewsProud restructures cabaret businesses
Nightclub entrepreneur Alex Proud has liquidated several of his cabaret club businesses as part of what he told MCA was a “simple restructure”.
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NewsArc Inspirations spike in sales during Cricket World Cup
Arc Inspirations, the operator of Manahatta, Banyan and The Box concepts, has reported a spike in sales across its sport-led sites during the recent Cricket World Cup.
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NewsWhitbread completes £2bn capital return programme
Whitbread has completed a £2bn capital return programme to shareholders.
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NewsStonegate agrees to acquire Ei Group in £1.27bn deal
Stonegate Pub Company has agreed to acquire Ei Group in a cash deal valuing the listed pub group at £1.27bn.
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NewsBird looks to restructure to avoid administration
Fried chicken and waffles restaurant Bird has filed a notice of intention to appoint administrators, according to The Evening Standard.