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All Finance articles – Page 55
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NewsPatisserie Holdings: Ledgers contained thousands of false entries
Patisserie Holdings is working with KPMG to examine “all options” open to the beleaguered chain after investigations into its accounts revealed the picture was worse than first anticipated.
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NewsOlvin secures £1.5 seed investment round
Olvin, an analytics platform for bar operators and the wider drinks trade, has secured £1.55m seed round of investment led by Brainchild Ventures and Novator Partners.
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NewsOakman achieves 8.5% rise in YTD lfls
Oakman Inns has achieved an 8.5% increase in like-for-like sales during the 40 weeks to 6 January, including an 8.5% rise over the five-week festive period.
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NewsAnalysts corner: Berenberg on pubs
On the back of varied performance by the multiple pub operators last year, Berenberg lays out its key areas of focus in the sector this year and looks at how the pub chains might fare.
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NewsFlat Iron secures £5m funding from ThinCats
Flat Iron, the Piper-backed steak restaurant group, has secured a £5m funding package from ThinCats to support of its growth plans.
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NewsBruce Pubs admitted to NEX Exchange Growth Market
Bruce Pubs, a subsidiary of Bruce Group Scotland, has listed on the NEX Exchange Growth Market.
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NewsFuel Juice closes four, posts c£1m loss
Fuel Juice Bars, the Kings Park Capital-backed concept, has closed a further four sites since entering into a CVA just over a year ago.
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NewsChristmas trading update, part 2
With January now in full swing, and many more operators having crunched the numbers, MCA takes another look at how the festive trading faired for the sector, with strong like-for-like growth reported by many. Featuring Brasserie Bar Co, Crussh, Arc inspirations and Dirty Martini
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NewsStarbucks scales back speciality ambitions
Starbucks chief executive Kevin Johnson has scaled down his predecessor’s aspirations to open 1,000 of its speciality-style Reserve format coffee shops.
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NewsThree Joes exceeds 80% of £400k crowdfund goal in 24 hours
Three Joes, the pizza concept from POD co-founders Tim Hall and Emma Blackmore, and former Byron operations director, Peter Bruton, has raised more than 80% of its £400,000 crowdfunding target with 24 hours of its launch on Crowdcube.
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NewsMcMullen to add at least four to managed estate in 2019
McMullen is looking to grow its managed pub estate by at least four sites in 2019, MCA has learnt.
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NewsCoca-Cola completes Costa acquisition
The Coca-Cola Company has completed its acquisition of Costa Limited from Whitbread PLC, it was announced yesterday.
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NewsBurning Night to be 'cleaned up' ahead of trade sale
Burning Night Group’s venues, which were bought out of administration over the Christmas holidays, will be held by buyer Access Commercial Finance for at least 12 months while the business is ‘cleaned up’, before a trade sale is considered, MCA has learnt.
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NewsGusto reports positive trading outlook despite hit to operating loss
Gusto Italian has seen a good trading performance for the year to date, with like-for-like sales in December up 7%, in what managing director Matt Snell described to MCA as “a stellar performance”.
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NewsPatisserie Holdings confirms intention to appoint RSM
Patisserie Holdings has confirmed its intention to appoint RSM Tenon Group as its new auditors, following press speculation.
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NewsArc Inspirations appoints advisors
Arc Inspirations has appointed advisors as it gears up for its next stage of growth, MCA understands.
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NewsPatisserie Holdings ‘set to appoint RSM as auditors’
Patisserie Holdings is set to appoint RSM as auditors, according to reports.
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NewsTriple Two Coffee signs franchise deal in Saudi Arabia
Triple Two Coffee, the cafe franchise, has signed a deal with Aso & Sons to launch in Saudi Arabia.
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NewsDowning Crowd launches £2m bond
Investment platform Downing Crowd has launched a £2m bond to support Artemis Venue Services Ltd in its acquisition and refurbishment of the Pelham House Hotel, in Lewes, East Sussex.
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NewsMultimillion-pound funding for Tim Hortons expansion
Pizza Cake, the Scotland-based franchise operator, has secured a multimillion-pound funding package from HSBC to open three new Tim Hortons cafes.