Finance – Page 22
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NewsMission Mars continues to outperform sector
Group revenue for FY23 totalled £71.1m, with CEO Roy Ellis confident the Albert’s Schloss and Rudy’s brands will trade successfully in all parts of the UK
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NewsCapdesia successfully exits Marugame Udon Europe
Parent company Toridoll Holdings will take full ownership of the udon concept, with CEO Keith Bird handing over to FD Sam McIntyre
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NewsHydes reports record turnover growth
The Salford-based brewer and pub operator reported record turnover of £39.3m for 2024, up £5m on the previous year
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NewsBritvic agrees £3.3bn takeover
The deal for the soft drinks group gives it an enterprise value of £4.1bn, with Carlsberg to create a single integrated beverage group in the UK called Carlsberg Britvic
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NewsMarston’s to sell stake in Carlsberg JV
The deal will see the pub group sell its 40% in Carlsberg Marston’s Brewing Company for £206m in cash to become a pure play hospitality business, while accelerating its debt reduction plans
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NewsCineworld considers closing a quarter of estate
The cinema operator is set to close as many as 25 sites and negotiate rent reductions at another 50, as it draws up plans for a restructuring deal
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NewsSlug & Lettuce increases profitability after loss in 2023
The Stonegate-owned bar brand revealed a pre-tax loss of £3.1m, but has since delivered a rise in revenue as it looks to build momentum during a summer of sport
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NewsPizza Union continues search for central London sites
The business reported improved sales trends and a return to profit in 2023, and is currently negotiating on a few new pizza bars
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NewsBenugo achieves highest ever turnover
The operator of café delis and restaurants reported £123.5m in turnover for 2023, the highest in its 25-year history
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NewsOle & Steen pauses expansion amid losses
Danish bakery and café chain Lagkagehuset is focusing on organic growth in its international business to improve profitability, after posting a £20.6m loss for 2023
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NewsNero Group posts record sales
The coffee shop operator reported sales of £544m in its 2024 financial year, with like-for-like sales growth of 8.4%
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NewsBistrot Pierre invests in ‘brighter future’
The French casual dining group has undertaken a brand review while rolling out a new concept, significantly improving future EBITDA
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NewsSan Carlo continues to grow
The premium Italian restaurant group is relocating Cicchetti Piccadilly while refurbishing and reopening the Flying Pizza in Leeds, which celebrates its 50th anniversary in 2024
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NewsHeavitree grows sales despite wet weather
The Devon pub company and brewer increased turnover by 2.1% to £3.3m in the first half of the year, despite cold condiitons and an early Easter
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NewsTasty forecasts uplift in profitability
As part of a restructuring plan, the group renegotiated seven rent agreements and exited 19 loss-making sites sites
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NewsKarali Group acquires 46-strong Taco Bell portfolio
The sites were acquired as part of a pre-pack administration deal from Caskade Group. It follows news that 40 branches of KFC have been acquired by Adil Group from Caskade
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NewsNightcap to go private
The bar group believes it will have better access to supportive investors as a private company, and will be able to pursue its strategy at a faster pace, at a lower cost and potentially with less shareholder dilution
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NewsIsland Poke sold in pre-pack administration
The chain’s trading performance undermined the viability of the CVA put forth to creditors, resulting in a sale, according to Begbies Traynor
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Analysis & InsightF1 Arcade raising £100m to fund expansion
The Formula One driving simulator business is said to be close to finalising the new debt facility with Liberty Media, OakNorth bank, and investment fund Cheyne
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Analysis & InsightVarious Eateries sees steady start to H2
The Noci and Coppa Club operator said that a significant increase in minimum wage has impacted margins, but this has partially been offset by food and utilities inflation, which has fallen year-on-year