Finance – Page 12
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NewsGail’s to launch £500m auction next year
Goldman Sachs has been instructed to manage a sale of the premium bakery chain, Sky News reports
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NewsBob & Berts achieves £21.5m turnover
Turnover increased from £19.6m the previous year, as the coffee shop chain continued its expansion across the UK and Northern Ireland
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NewsAnglian Country Inns reports 14% sales uplift
Sales rose to £20.6m in FY24 due to both increased footfall and spend per head, while the business revealed it will open a new bakery in early 2025
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NewsJames Watt loses £150,000 investment in Clean Kitchen
The healthy eating brand has closed two venues and operates from a single site in Battersea Power Station, MCA understands
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NewsCooks Coffee delivers 36% rise in store sales
Like-for-like sales in the UK were up 6.3% for the Esquires operator, as development in suburban areas and smaller market towns gained further momentum
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NewsOakman ends strategic review process
Announcing the sale of two of its high value premium pubs to McMullen’s, Oakman Group said it will now focus on investing in its existing sites and paying down debt, CEO Peter Borg-Neal tells MCA
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Analysis & InsightMarston’s has potential to outperform market
The pub group has shown solid progress over the year, “beating street expectations on all fronts” – trading momentum, margin expansion and de-leveraging, according to analyst JP Morgan Cazenove.
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NewsDishoom: ‘Decision to take outside funding not taken lightly’
The Indian restaurant group is “taking a cautious approach to choosing an investor”, as it plans to launch in the US in 2026, Shamil Thakrar told The Times
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Weekend PressPizza Hut UK hunts buyer amid Budget tax hike crisis
The operator of 140 Pizza Hut dine-in restaurants across Britain has hired advisers at Interpath to find new investors or a buyer amid stark warnings about the impact of the Budget, Sky News reports
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NewsBlacklock sells stake to BGF
The chop house restaurant, led by Gordon Ker, is understood to have sold a minority stake to the British Growth Fund, following reports it had been exploring options for the business
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NewsYoung’s achieves 22.9% increase in adjusted EBITDA
The pub operator achieved adjusted EBIDTA of £59m for the 26 weeks to 30 September 2024, with profit before tax up 3.3% to £25.3m as it benefited from a strong performance during the Euro ’24 football tournament and the integration of the City Pubs estate.
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Analysis & InsightPrivate equity activity quieter on deal front
While private equity groups have been cautious to invest in restaurants, the last 12 months have seen more deals involving private investors, AlixPartners’ Graeme Smith tells MCA’s Restaurant Conference
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NewsCurzon acquired by Fortress
The 16-strong arthouse cinema chain has been acquired by the US private equity backer of Punch Pubs in an undisclosed deal
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NewsFuller’s look to future with optimism
The premium pub company is trading ahead of the market in like-for-like sales, and has an estate that’s “never been in such good shape”
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NewsVarious Eateries sees dip in like-for-likes
The Coppa Club and Noci operator said group revenues were expected to be slightly ahead of market expectations, at £50.5m for the full year, despite a 1% decline in like-for-like sales
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NewsKrispy Kreme profits dragged by UK underperformance
The UK business has welcomed a new management team led by Pret’s Guy Meakin focused on improving the performance
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NewsNero Group acquires FCB Coffee
The acquisition bolsters Nero’s travel and transport business, and means it now has more than 50 locations in train and underground transport hubs in the UK
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NewsWetherspoon reports 5.6% rise in like-for-likes in Q1
Chairman Tim Martin warned of widespread price rises across the sector following the Budget, but said the business would make every attempt to stay as competitive as possible
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NewsDomino’s sees return to lfl growth in Q3
Total orders were up 3.5% to 17.4m versus last year, aided by a significant strengthening in delivery orders – up 6.6%, with like-for-like systems sales up 0.7% at the pizza group.
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NewsKFC UK sees 6% system sales drop
The Q3 sales decline occurred across many of KFC’s other divisions, including the US, Asia, and the Middle East, Turkey, and North Africa segments