Finance – Page 17
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NewsWatchHouse drives expansion in London and New York
The modern coffee house group reported full year revenues for 2024 of £15.4m, up 62% year-on-year, which it described as an “extremely satisfying” performance
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NewsThe Ivy Collection grows sales despite headwinds
The Richard Caring-backed group made £314m from 50 sites across UK & Ireland, which means restaurants across the estate made an average of £6.25m a year
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NewsDeliveroo minded to accept DoorDash offer
The prospective takeover by a larger American rival would be worth £2.7bn, valuing the company at 180 pence per share
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Weekend PressBidding war for Deliveroo? There could be appetite
The US firm DoorDash’s £2.7 billion swoop for the delivery company late on Friday may prompt Amazon, Prosus and Meituan to consider rival bids, The Times reports
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NewsLeaders call to reinstate tax-free shopping amid tourist slowdown
The “tourist tax” continues to be a point of concern for operators ahead of what some are calling a potential “summer of discontent”
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OpinionCelebrities in the driving seat
With F1 racing champion Fernando Alonso acquiring a meaningful stake in Sticks ‘n’ Sushi, MCA columnist Dominic Walsh digests the backstory to the deal, and questions whether the mechanics of hospitality businesses should really be left to the professionals.
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NewsNew wave of government costs puts hospitality recovery at risk
The UK hospitality market saw marginal outlet growth over the past year, but stability is under threat, according to the latest CGA by NIQ report
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NewsChipotle sees ‘great progress’ in UK and Europe
CEO Scott Boatwright said the brand was seeing strong margins in the UK and western Europe, after a slowdown in growth in the wider business
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NewsMeatailer reports pre-tax profit turnaround
The Scott Collins-led operator of MEATliquor restaurants, recorded pre-tax profit of £118k, for the year to 30 June 2024, up from a loss of £65k the previous year.
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NewsF1 champion Alonso buys stake in Sticks ‘n’ Sushi
The Spanish Formula 1 driver is understood to have secured a stake of more than 20% in the Danish-Japanese restaurant group, becoming one of five co-investors, alongside private equity backers McWin.
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Weekend PressMeatliquor founder: Tax raid has made running my business ‘a struggle’
Meatliquor founder Scott Collins says red tape and levies dampen ‘passion and potential’, The Telegraph’s senior business reporter Daniel Woolfson writes,
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NewsDeliveroo reports accelerating order growth and strong start to 2025
Deliveroo has reported a strong Q1 2025 performance, with 7% year-on-year order growth and a 9% increase in gross transaction value
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NewsPrivate equity firm True in talks to acquire stake in GDK
True’s proposed investment into the kebab chain is described as a “stellar valuation”, sources told Sky News, as GDK targets 300 UK sites by 2028
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NewsStonegate delivers £1.7bn revenue
The 4,370-strong pub company said sales were favourable compared to the prior year, demonstrating the “resilience of its high-quality pub portfolio”
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NewsTim Hortons turnover surpasses £100m
The Canadian coffee and QSR chain achieved £105.4m turnover for its UK business in 2023, and plans to focus on driving profitability
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NewsBig Mamma Group achieves £44m sales from five venues
The group’s London restaurants - Gloria, Circolo Popolare, Ave Mario, Jacuzzi, and Carlotta - all performed ahead of expectations, with new concept Barbarella to open this June
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NewsPuttshack and Topgolf founders to launch new venture
Poolhouse – the new competitive socialising concept from the Joliffe brothers – has secured $34m in funding from investors, with the first site to open near London Liverpool Street station later this year.
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NewsNWTC garners momentum after introducing new strategy
The 27-strong bar and restaurant operator announced a 9% improvement in like-for-like sales, following a new leadership team and renewed focus on The Botanist
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NewsCooks Coffee sales surpass £35m
The Esquires operator, which trades from 89 sites across the UK and Ireland, grew sales by more than 26% in the year ended 31 March
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NewsUniversal’s Bedford project highlights hospitality’s investment potential
The multibillion-pound investment in a new theme park underlines the need for a strategy that recognises hospitality’s potential to drive growth