Finance – Page 16
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NewsFarmer J looking to accelerate expansion next year
The business is looking to capitalise on the +20% like-for-like growth it has achieved so far this year, with six to eight London openings planned in 2025, founder Jonathan Recanati tells MCA
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NewsShepherd Neame sees strong performance in London
The family brewer and pub operator has seen growth in its managed and tenanted divisions in 2024 but a drop-off in beer volumes
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NewsChopstix acquired by QSRP
The aquisition by the leading European quick-service restaurant platform will allow Chopstix to accelerate growth across the UK and Europe
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NewsTurnover surges at Blank Street
The New York-founded coffee shop chain, which launched in the UK in 2022, has reported a 517% turnover uplift to £11.4m in 2023
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NewsOle & Steen delivers 25% rise in turnover
The bakery chain, which operates c26 stores in the UK, reported £34.8m in turnover in 2023, attributed to both new stores and organic growth from the existing portfolio
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NewsGreggs continues to extend reach
The retailer continues to expand its estate, with growth supported by menu development, investment into supply chain capacity, and extended trading hours and new digital channels
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NewsPermanently Unique announces next phase of growth
The TATTU operator will debut its Fenix and Louis brands in London along with its first international location in Dubai, with a new £15m credit facility secured to fund expansion
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NewsBurger & Lobster achieves sales uplift
The London-based restaurant group’s nine-strong portfolio has delivered 4% sales growth in 2023, with the refurbishment programme driving results
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NewsIncipio Group achieved record sales in 2023
The London-based bar group saw a 32% improvement in sales performance, with revenue of £25.9m for the full year to 31 December and record adjusted EBITDA of £2.5m.
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NewsTasty improves profitability despite revenue drop
The operator of Wildwood and Dim T restaurants achieved revenue of £19.1m for the half year to 30 June 2024 – a decline of 12%, however operating profit improved over the period, from a loss in 2023.
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NewsLeon achieves strong lfls but losses widen
The Asda-owned brand achieved like-for-like sales growth of 17.5% at its company-owned sites, during the 52 weeks to 31 December 2023, however operating loss was £12.6m for the period.
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NewsSwingers completes $10m growth capital raise
The experiential concept has seen success from its venues in New York and Washington DC, with upcoming locations in Las Vegas, Dubai, and Boston as it endeavours to reach a 15-strong estate by 2026
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NewsThe landscape for restaurant M&A
Graeme Smith, managing director at AlixPartners, will explore the consumer and economic trends influencing deals at MCA’s Restaurant Conference
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NewsOff-trade delivers results for Adnams
The brewer reported turnover of £31.9m in its interim results, with growth across all channels except for the free trade business
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NewsAll brands in growth at M&B
Mitchells & Butlers reports like-for-like sales growth of 5.2% in its full-year results, with sales growth remaining ahead of the market in Q4
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NewsDishoom sees significant growth in underlying EBITDA
The Indian restaurant group reported a 41.9% rise in adjusted underlying EBITDA for the full year ended 31 December 2023, to £13.3m, in what was a strong period of growth for the business.
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NewsPunch acquires 14 pubs from Aprirose
This deal for the Milton 1 & 2 portfolio takes Punch’s total acquisitions in the last 12 months to more than 50 pubs
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NewsTortilla sees revenue decline after overhauling delivery partnerships
CEO Andy Naylor said the UK business had “lost momentum” at the start of the year, and the company had to make some “big decisions to overhaul the trend”
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NewsGiggling Squid sees strong like-for-likes in 2024
The Thai restaurant group reported a 12% increase in like-for-like site EBITDA for the full year to 31 March 2024, with revenue up 4.3% for the year.
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NewsD&D London investors in talks to rescue TGI Fridays
Breal Capital and Calveton are in advanced negotiations to take on TGI Fridays’ British franchise, and are likely to take on around two-thirds of the 89-strong estate, Sky News reports