Finance – Page 12
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NewsWimpy sees improved sales
Famous Brands has announced interim results for H1 FY24, with an 18% year-on-year rise in revenue for burger chain Wimpy
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NewsGusto posts £24.2m sales
The 14-strong premium Italian restaurant operator made EBITDA of £0.9m in 2022, and is currently trading “ahead of expectations”
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NewsHall & Woodhouse offloads Rio
Irn Bru maker A.G. Barr has aquired the tropical drink brand for £12.3m
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Weekend PressWhy private equity is back — and which companies are on the hit list
After Apollo Global Management’s £500 million swoop for The Restaurant Group, The Times explores the resurrection of dealmaking
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NewsCaffè Nero reports strong first quarter
Q1 sales were 13.5% higher year-on-year in the UK and 19% at group level between June and August, driving a strong start to the financial year
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NewsThree Joes revenues rise to £16m
Three Joes and The Stable operator Sourdough South opened new sites in Cambriidge and Chichester earlier this year
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NewsCubbitt House makes ‘vast improvement’ in profits
The TDR Capital-backed premium pub business said like-for-like company EBITDA was £908k in H1 2023, following a loss of £32k last year
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NewsDeliveroo Q3 sales up 7% to £297m in UKI
In the UK & Ireland, growth transaction value (GTV) was up 9%, while orders were up by 3%
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NewsWhitbread: first half beats expectations
Whitbread has reported a strong H1 performance driven by a differentiated model, with statutory revenue of £1.6bn and statutory profit before tax of £395m
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NewsJust Eat sees ‘strong momentum’ in UK
Gross transaction growth in Northern Europe and UK and Ireland increased in Q3, to +6% and +4% respectively
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NewsD&D London transaction completes
Calveton and partner Breal Capital have acquired the restaurant and bar group, promising a “clear runway for continued success”
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NewsRick Stein increases turnover in 'challenging year'
The Cornwall-based restaurant business reported turnover of £12.5m in the year to January 2023, compared to £11.7m the previous year
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NewsPapa Johns faces headwinds
The 531-strong pizza chain reported turnover of £95m in 2022 and faced pressures on profitability as a result of the wider economic climate
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NewsRevolution sees Peach Pubs boost
The bar and pub group grew turnover to £150m, but a challenged late-night bars sector left like-for-like sales down -8.7%
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NewsOrigin Coffee secures £3.1m investment
Led by Create Impact Ventures, with dairy brand Yeo Valley, the investment will help scale the speciality coffee company’s digital, direct-to-consumer, retail and wholesale channels
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NewsShoryu ramen returns to profit
The Torridoll-backed ramen concept posted net profit of £122k from a turnover of £10.8m
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NewsD&D London deal is ‘imminent’
Calveton and Breal Capital are set to acquire the restaurant and bar group, valuing it at about £60m including debt, The Times reports
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NewsChipotle UK renews focus on building brand awareness
The fast casual Mexican chain reported revenue of £17.9m in 2022, with growth in the UK partially dependent on increasing sales and familiarity with the brand
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NewsCosta Coffee returns to profit
The coffee chain has reported its 2022 financial results with turnover of £1.1bn, alongside a focus on its omnichannel strategy to create the ‘Total Coffee Company’ proposition and further build on its international foundations
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NewsInvestor slams The Restaurant Group’s £506m price tag
Activist investor TMR Capital has slammed the price of the buyout deal for The Restaurant Group (TRG), claiming it undervalues the Wagamama-owner by around £100m