Finance – Page 17
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NewsMarcel Khan: ‘I leave Fulham Shore genuinely proud of what we achieved’
The group’s outgoing CEO has said his restructuring of the business returns both Franco Manca and The Real Greek to ‘a more stable and sustainable footing’
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NewsOne in six hospitality venues at risk of closure
A new joint survey carried out by the industry’s leading trade bodies reveals almost a quarter of respondents are operating at a loss, up from one in seven three months ago
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NewsChestnut Group achieves 35% growth in revenue
Group revenue stood at £39.29m in the year to March 2025, compared to £29.08m the previous year, with the increase driven by both acquisitions and a 15.27% like-for-like sales increase.
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NewsChopstix Group swings to a profit
The Asian QSR group has reported a profit of £1.07m for the year to 31 December 2025 – up from a loss of £963k in 2024, with further expansion planned for the UK and Europe.
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OpinionFuller’s vs. Young’s: a tale of two pub titans
The two pub groups have for many years maintained cordial relations, but that doesn’t mean to say the rivals do not have it in them to indulge in a bar-room-brawl, Dominic Walsh suggests
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NewsAdnams secures new borrowing facilities
The Suffolk hospitality group and brewer is in the midst of a cost saving and disposal programme after a series of loss-making years
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NewsHaldiram’s targets UK and Europe expansion after securing new backing
After opening a 120-seat restaurant in Leicester Square, Indian snack brand Haldiram’s is exploring further locations in areas such as Harrow and Southall
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NewsTortilla to suspend trading over French accounting issues
The fast-casual operator has identified accounting adjustments relating to its French business, and needs more time to publish its full year accounts
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NewsDamm strengthens commitment to UK market
The Spanish brewer ended 2025 with €2bn revenue, driven by expansion of its UK business as well as other international markets, and supported by its diversification strategy
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Weekend PressLabour’s ill-considered tourist levy will be the death knell for England’s seaside
Local authorities being granted the power to enforce a tourist tax will price many hardworking families out of their usual summer break, The Telegraph writes
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Weekend Press‘King of Mayfair’ in talks to buy City haunt 1 Lombard Street
Richard Caring is considering a swoop for the Grade II listed brasserie, as he returns to dealmaking after the sale of his Ivy empire, The Sunday Times reports
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NewsZonal names new CEO
Joel Chapman has been promoted from COO to chief executive of the UK hospitality technology provider, which was acquired by the Canada-based Volaris Group earlier this year
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NewsChristie & Co: ‘UK hotel market signalling phase of stabilisation in 2026’
The specialist business property adviser’s latest report says that domestic tourism continues to underpin UK hotel demand, while staycations remain resilient but increasingly competitive
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NewsHeavitree sees turnover dip in H1
The Exeter-based pub operator pointed to poor weather early in the year and an early Easter for the sales slip, which also led to a drop in operating profit
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InterviewsLoungers on applying its successful formula to the German market
CEO Nick Collins told MCA’s Pub Conference the all-day café/bar/restaurant group is ‘curious’ about the opportunities of the German market and preparing to look for a first site
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NewsMission Mars delivers record revenue
Group revenue for the Rudy’s and Albert’s Schloss operator totalled £116.5m for the year ended 28 September 2025, rising from £92.9m the previous year
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NewsTurtle Bay to enter CVA
The restaurant group said it continues to face headwinds despite significant improvements across the business after changing ownership last year, but remains confident in the long-term future of the brand
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NewsCapdesia invests in Italian chain Alice Pizza
The backer of Gail’s and Wasabi has acquired a majority stake in the Italian fast casual pizzeria chain, which was founded in Rome in 1990 and operates more than 200 sites across Italy
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NewsFranco Manca ‘now on its strongest possible footing to realise its long-term potential’
The Fulham Shore-owned pizza brand, which closed 16 restaurants as the result of a recent CVA, said it now has a ‘more efficient estate and efficient ability to allocate resources’
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InterviewsBig Table: ‘Bella Italia isn’t just outperforming the market, it’s destroying it at every level’
CEO Alan Morgan tells MCA the value-led Italian brand is set to report sales growth of 15% in the group’s forthcoming results with the rest of its portfolio also up