All Finance articles – Page 56
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NewsKettlebell Kitchen acquired out of liquidation
Kettlebell Kitchen, the fitness food concept which went into liquidation, has been acquired by a new company, MCA understands.
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News
BD Foods acquired by AAK
BD Foods, the UK foodservice company, has been acquired by AAK, the Swedish-Danish oil and fat producer.
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NewsUsher hits Kala crowdfund target in first night
Gary Usher has hit his Kickstarter target of £100,000 towards the opening of Kala in Manchester.
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Analysis & InsightFostering the next generation of female entrepreneurs
Holly Addison, head of hospitality and consumer digital at executive recruitment firm Odgers Berndtson, takes a closer look at the reasons behind the gender imbalance when it comes to female-founder businesses gaining financial backing and suggests great role models are key to any change.
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NewsHumble Grape exceeds crowdfund target
Humble Grape has passed its £400,000 crowdfunding target within 24 hours of launching publically.
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News
Mangobean acquired by Rosebirch
Mangobean, the coffee shop franchise, has been acquired by retail fit-out specialist Rosebirch, MCA has learnt.
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NewsHumble Grape lines up fifth site; kicks off Seedrs fundraise
Humble Grape has lined up a fifth site in Canary Wharf, MCA understands.
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NewsJapan Centre backed by Hanshin Shuhan Inc
Japan Centre Group, the operator of Shoryu Raman and Ichiba food hall, has announced a strategic partnership with Hanshin Shuhan Inc. taking a 49.5% equity participation its shares.
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NewsGrind to return to Crowdcube
Grind is to launch a new crowdfunding campaign on Crowdcube next week as it unveils a raft of new openings.
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News
Morso confirms £250k crowdfund
Morso, the pasta and grappa restaurant bar concept, has confirmed the launch of a £250,000 equity fundraising campaign on Crowdcube, as flagged up by MCA in November 2018.
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Opinion
Navigating the debt landscape
With the well-publicised issues facing the UK’s hospitality sector, many would believe that lenders are steering clear. However, despite clear caution, debt options remain available to the right businesses, write Jacco Brouwer and Thomas Paterson of AlixPartners
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NewsKettlebell Kitchen entities to be liquidated
Kettlebell Kitchen, the fitness food concept, is poised to go into liquidation, with the closure of at least two sites in Manchester.
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NewsStonegate launches £150m bond
Stonegate has launched a £150m bond issue to repay borrowings to fund its recent acquisitions.
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Analysis & InsightGoing out spend up 11%-points in Q4 2018
Net spending on leisure was up 4 percentage points (pp) year-on-year for the final quarter of 2018, according to the latest Deloitte Consumer Tracker.
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NewsPWC report lifts lid on Pat Val collapse
A report by PWC into the suspected fraud at the heart of the collapse of Patisserie Holdings has allegedly uncovered forged company minutes used to take out overdrafts of almost £10m and fictitious invoices for shop refurbishments.
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NewsAG Barr FY revenues up 5%
AG Barr has announced revenues of c£277m for the full year ending 26 January 2019, up c.5% on the prior year.
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Opinion
The disruptive lender
OakNorth, lender to Inception, Brasserie Bar Co and Leon, on why it is backing the hospitality sector.
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NewsHMRC ‘warned Patisserie Holdings in 2016 about possible fraud’
HM Revenue & Customs raised concerns with Patisserie Holdings that some of its invoices and cheques had been forged more than two years before the group revealed its accounting blackhole, The Times has reported.
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NewsAprirose confirms £15m NewRiver deal
Aprirose, the real estate investment company, has confirmed it was the purchaser of a 22-strong community pub portfolio from NewRiver, for £15m.
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News
MCA and AlixPartners launch Growth Company Index 2019
MCA is once again teaming up with leading advisory firm AlixPartners to identify the top 50 private firms with the fastest-growing profits in the UK eating and drinking-out sector.