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All Finance articles – Page 56
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NewsHyde Restaurants goes into administration
Hyde Restaurants, the operator of the Treves & Hyde restaurant concept at Leman Locke serviced apartments, has gone into administration, MCA has learnt.
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NewsPachamama launches crowdfund for Chinese restaurant
The Pachamama group has launched a crowdfunding campaign to support the opening of its first Chinese-style restaurant next spring.
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NewsGaucho reports 8% lfl growth in November
Gaucho has reported 8% growth in like for like covers in the four weeks of November - up 15% from November 2017, when it was minus 7%.
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NewsService sector growth hits 28 month low
The UK service sector expanded at the weakest rates for almost two-and-a-half years, IHS Markit/CIPS UK Services PMI® Business Activity Index shows.
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NewsWeak pound could attract more Chinese operators to UK
The weak pound could encourage more Chinese restaurant brands to open in the UK, following the example of Din Tai Fung and Haidilao, Fleurets director Richard Thomas has told MCA.
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NewsGlendola Leisure seeing robust growth, with lfls up 2% YTD
Glendola Leisure’s recent accounts filed at Companies House do not reflect the underlying performance of the business, managing director Alex Salussolia has told MCA.
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NewsForesight: 'We continue to see this as a market with growth'
Foresight Private Equity has made investments in early stage Indian street food, healthy eating and speciality coffee concepts. MCA news editor Finn Scott-Delany speaks to Foresight Partner Matt Smith about why there is still an appetite to invest in differentiated concepts in the leisure sector.
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NewsBreakfast Club launches £750k Crowdcube campaign
The Breakfast Club is to launch a crowdfunding campaign to raise £750,000 to fuel its next stage of growth.
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NewsTasty directors inject cash as part of refinance
Tasty, the Wildwood operator, has revised its £7m loan facility with Barclays.
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NewsGrant Thornton faces probe over Pat Val audit role
Patisserie Holdings’ auditor, Grant Thornton, is being investigated by the Financial Reporting Council (FRC).
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NewsPatisserie Holdings allowed more time to secure debt facility
Patisserie Holdings has reached agreement with its principal lenders to extend the period for agreeing a new debt facility until 18 January.
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News
Clockjack liquidated
Clockjack, the chicken restaurant turned delivery only concept, has been liquidated.
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NewsVarious Eateries secures additional debt as it eyes further growth
Various Eateries Limited (VEL) has said the difficult decision to close a number of its underperforming Strada sites has left it on a “strong financial footing”, with which to invest and grow its remaining estate.
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OpinionFinding the perfect PE bedfellow
Seeking a partnership with private equity can be a daunting and complex challenge for operators. There are a number of variables to consider before choosing the right partner, according to AlixPartners’ Graeme Smith. Includes the experiences of operators and investors, including Flat iron’s Jo Fleet and Daniel Smith of Livingbridge
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NewsOakman Inns set to appoint advisors
Oakman Inns is set to appoint advisors at the start of next year as it looks to take a flexible approach to any eventual exit for its investors, MCA understands.
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NewsTRG launches £315m rights issue
The Restaurant Group (TRG) has confirmed its fully underwritten rights issue to raise £315m for the proposed acquisition of Wagamama.
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NewsLondon Cocktail Club to explore its options
London Cocktail Club (LCC), the concept led by JJ Goodman, has appointed advisers as it looks to secure new investment to fund its next stage of growth, MCA understands.
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NewsVote on GBK CVA could be closest yet
Speculation is mounting that the vote by creditors to push through GBK’s Company Voluntary Arrangement (CVA) proposal could be the tightest one yet.
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Morso to launch £400k crowdfund
Morso, the neighbourhood pasta and grappa bar concept, is looking to raise £400,000 on Crowdcube to fund two new openings, MCA has learnt.
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NewsLion in talks to back Ramsay
Lion Capital, the private equity backer of Loungers, is in talks to back Gordon Ramsay’s restaurant group, MCA has learnt.