All Finance articles – Page 52
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News
Tossed to create 'superstar of the sector'
Tossed finance director Neil Sebba has told MCA he hopes the acquisition of the Vital Ingredient estate will create a “superstar of the sector”.
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Domino’s lfl up 4.8% in 2017
Domino’s Pizza Group has reported life for like sales growth of 4.8%, for the 52 weeks to 24 December 2017.
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Investors eye Zuma group
Three large global investors are close to buying a minority stake in a group of high-end restaurants which includes Zuma, Roka, Tom’s Kitchen, Coya, and Nusr-Et Steakhouse, the FT reports.
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Freshcut Foods in MBO
Freshcut Foods, the Nottingham-based supplier, has been acquired in a deal backed by investment firm Perwyn.
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NewsHawthorn Leisure to review its options
Hawthorn Leisure has appointed advisors to assess its strategic options, which could include a sale of the business
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SSP chairman faces investor revolt
SSP Group chairman Vagn Sorensen is facing an investor revolt over his numerous boardroom roles, Sky News reports.
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CCL: Continuing polarization in leisure investment market
Coffer Corporate Leisure said it is continuing to see further polarisation in the leisure investment market, particularly in the restaurant sector
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NewsPeach Pub Company considers its options
Peach Pub Company, the Midlands-based, multiple pub operator, has appointed advisors as it considers its options
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Imbiba plans three Growth Fund investments per year
Imbiba is looking to make two to three investments a year through its £50m Growth Fund.
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Imbiba closes £50m Growth Fund
Imbiba has closed its £50m Growth Fund, including £30m investment provided by the British Business Bank.
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NewsBrewDog records 11% increase in LFLs
BrewDog achieved close to an 11% increase in like-for-like (LFL) sales during 2017, in what was “a really strong trading year for us”, David McDowall, managing director of its bars division, told MCA.
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NewsUpham Group looking to capitalise on faltering casual dining market
Upham Group is hoping that the dip in the casual dining market will benefit them in terms of the availability of new sites, as well as recruitment, CEO Chris Phillips told MCA.
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NewsSimmons' £10m PE deal to fast-track expansion
Simmons Bars, which yesterday acquired by Lonsdale Private Equity in a £10m deal, will not change its formula for growth, but will be able to achieve its target of reaching 35 bars much more quickly, founder Nick Campbell has told MCA.
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Wayne’s Coffee acquired by German motorway services operator
Wayne’s Coffee, the Swedish group that recently made its debut in the UK, has been acquired by a subsidiary of German motorway services operator, Tank & Rast Gruppe GmbH.
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Appetise seeking £500k on Crowdcube
Appetise, the online food delivery marketplace chaired by Keith Edelman, is seeking to raise £500,000 on Crowdcube.
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Paddy & Scott's signs Middle East JV
Paddy & Scott’s, the Suffolk coffee shop operator and roaster, has signed a joint venture in the Middle East with the El-Sadek Investment Group LLC, MCA understands.
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NewsBrasserie Bar Co achieves £8m+ sales in December
Brasserie Bar Co turned over more than £8.6m during December, with Christmas “a big success”, MCA has learnt.
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East Coast Concepts like-for-likes up 10% over Christmas
East Coast Concepts, the operator of Neighbourhood and Victor’s, has recorded a record Christmas trading period with sales up across its restaurant and bar group.
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GK managed YTD lfls down 1.4%; festive sales up 1.6%
Greene King has recorded a 1.4% decline in like-for-like (LFL) sales in its Pub Company business for the first 37 weeks of the year to 14 January 2018.
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Management team takes control at Salt Yard Group
The management team of the Salt Yard Group has taken control of the four-strong business