Finance – Page 15
-
Analysis & InsightFestive cheer or fear – how is the hospitality industry feeling about 2025?
Many hospitality businesses are trying their best not to put price increases on the customer, but for some this will be inevitable, writes Benjamin Wiles, managing director at Kroll financial advisory
-
NewsPure reduces losses and continues to focus on B2B channel
The food to go retailer and caterer said travel strikes during 2023 could not stop the momentum of its growing catering business which now makes up 35% of overall sales
-
NewsUpham Group exploring funding options
The pub group is “optimitistic” it will secure the funding needed to complete on several acquisitions early in the New Year, director David Butcher tells MCA
-
NewsEataly sees losses widen
The Italian food hall operator, which runs a single site in London’s Bishopsgate, surpassed £26m in turnover but suffered from a rise in energy costs
-
NewsGravity reports loss as it continues to scale
Openings in Liverpool One, Warrington, and Westfield Stratford offered additional revenue for the leisure and activity park operator, albeit it reported a loss of £13.4m
-
NewsHeart with Smart looks to secure future
The Pizza Hut Restaurants operator is in advanced talks with potential buyers, with the aim of selecting a preferred bidder this month
-
NewsWasabi directors ‘excited by future growth potential’
The sushi and bento brand reported a turnaround year in 2023, with profit after tax of £7.4m, continued strong performance in 2024 and plans to explore franchising
-
NewsBeds & Bars ‘well positioned’ to capitalise on opportunities
Turnover rost to £72.8m in FY24, with larger units in key locations such as London, Edinburgh, and European capitals continuing to perform well
-
NewsTasty agrees £2.5m insurance claim
The Wildwood operator said trading continues to be challenging, with the key December period said to be “disappointing”
-
NewsBoxpark builds pipeline
Following a £12.5m cash injection from investor LDC, the operator is preparing to open Boxhall City in spring
-
NewsChestnut grows revenues to nearly £30m
The East Anglian operator achieved a 33.6% rise in revenue while also growing EBITDA, its site portfolio, and accommodation business
-
NewsSixth Street acquires Wingstop UK
The California-based investment firm has acquired a majority stake in the UK arm of the QSR chain, reportedly for more than £400m, with co-founders Tom Grogan, Herman Sahota, and Saul Lewin remaining minority shareholders
-
NewsSoho House shares rocket after consortium tables £1.4bn takeover offer
A ‘new third-party consortium’ has offered to buy the group for $9 per share, with shares rocketing by more than 60% as a result
-
NewsCGL ‘continuing to assess viability’ of D&D London estate
D&D operator CGL Holdings saw turnover drop and losses rise in its financial results, albeit outgoing CEO David Loewi said “the prospects for the D&D group are excellent”
-
NewsKKR invests in Rebel Foods
The private equity firm has invested in the cloud kitchen platform to support its future growth, following reports of its interest in acquiring the UK arm of Wingstop
-
NewsGusto continues strong trading
The Italian restaurant group has maintained site profitability and cash conversion, underpinned by a strong guest experience, continued investment in staff, and effective marketing
-
NewsSoho House evaluates acquisition offer
The offer comes from a third-party consortium, in response to a review that claims the company’s current share price does not reflect its inherent value
-
NewsGlendola Leisure grows sales and profits
The operator has entered into an agreement to lease a site in Waterloo Station, while it is developing plans for another venue in Belfast
-
NewsStonegate Group invests £100m in 2024
The figure includes investment into new concepts, such as Rita’s Beerhall and Ballroom in Leeds, transforming a former Walkabout site with a £1m investment
-
NewsDrake & Morgan remains resilient
The Bowmark Capital-backed, London-based bar and restaurant group achieved turnover of £45.5m, with Christmas trading set to beat last year’s records