All Finance articles – Page 42
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NewsFuller’s updates on trading, capital return and departures
Fuller’s has revealed like for like sales in managed pubs and hotels are up 2.5%, in the 22 weeks to 31 August 2019.
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OpinionJP Morgan and Goodbody on The Restaurant Group
The Restaurant Group’s (TRG) H1 results yesterday revealed a strong performance from Wagamama and plans to rationalise the Leisure estate. Analysts at JP Morgan and Goodbody give their take on the numbers.
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NewsRestaurant Group writes off £125m amid ‘structurally unattractive’ leisure estate review
The Restaurant Group has written off £125m - nearly £100m related to its leisure restaurant business - as it faces continued retail decline and saturated local markets.
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NewsChopstix secures £5m debt facility from Metro Bank
Asian QSR chain Chopstix has secured a new £5m debt facility from Metro Bank, to aid its expansion in shopping centres, high streets and travel hubs.
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NewsPizza Express to focus on upgrading sites as EBITDA falls 7.7%
Pizza Express is to focus its capital investment on upgrading its existing estate in the UK & Ireland, rather than adding new sites, as sales remained flat in the first half of the year.
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NewsKooks-backed sushi brand liquidated
Australian-style sushi concept Inigo, backed by The Kooks’ Luke Pritchard, has been liquidated, MCA understands.
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NewsThe Real Greek revenues ’slightly down’
The Real Greek’s like for like revenues are “slightly down” on last year, due to the heatwave comparative of last year, the restaurant’s chairman will tell its annual general meeting today.
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NewsLoungers outperforms market with 6.9% LFL growth
Loungers, the listed café-bar group, has reported like for like sales growth of 6.9%, as it continues to outperform the wider hospitality market.
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NewsDeep Blue acquires Harry Ramsden’s from Boparan
Deep Blue Restaurants has acquired Harry Ramsden’s from Boparan Restaurant Group (BRG). The transaction sees the 25-strong Deep Blue take over the entire estate of the Harry Ramsden brand, debt free, which includes outlets in 34 locations across the UK, Ireland and Malaysia. BRG will retain an interest in the ...
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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”.