Finance – Page 3
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News
Karali 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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News
Nightcap 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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News
Island 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 & Insight
F1 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 & Insight
Various 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
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News
Bone Daddies actively seeking new sites
The group is looking to expand its existing concepts - Bone Daddies, Flesh & Buns, and Shack-fuyu - and has entered a joint venture for a fourth brand
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News
El Mexicana seeks new investment
The owners of the brand, who have plans to open four new sites, have appointed FRP Corporate Finance to explore options for potential buyers or investors
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News
C&C Group urged to explore sale by activist investor
New York-based Engine Capital has said that the drinks manufacturer is a “perennial underperformer as a result of structural and self-inflicted problems”, urging it to undertake a strategic review process
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News
Ping Pong maintains profitability
The dim sum restaurant chain, which was bought out of pre-pack administration in 2022, is exploring low capital investment growth opportunities
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News
Thai Leisure Group reports ‘solid and stable’ sales
The casual dining operator credits “adept marketing and refined brand positioning” for ensuring its Chaophraya and Thaikhun brands remain relevant and attractive in the current market
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News
Red Engine to accelerate global expansion
In 2024, the group is opening Electric Shuffle NYC, Electric Shuffle Manchester in Deansgate, Flight Club Liverpool, and Flight Club Oxford in the Westgate development
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Weekend Press
Soft drinks may hit sweet spot for Carlsberg
The Danish beer company’s audacious £3.1 billion offer for Britvic has an unarguable logic, writes The Times
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News
Stonegate boosts profits in H1
The pub and bar company reported adjusted EBITDA up 7.7% to £196m, driven by its leased & tenanted and Craft Union divisions, while like-for-like sales in its managed estate were flat
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News
Britvic rebuffs Carlberg £3.1bn takeover bid
The Britvic board and its advisers “carefully considered the proposal”, and concluded that it “significantly undervalues Britvic, and its current and future prospects”
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News
Adnams secures interest from multiple parties
The Suffolk brewer has made progress in its review of options to fund future growth plans, and continues to outperform the market in beer volumes and sales
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News
Daniel Thwaites achieves 6% growth
The pub operator credited the positioning of its managed properties towards more premium segments, as well as the resilience of its tenanted community pubs
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News
Young’s delivers industry-leading profitability
The pub operator has reported a revenue increase of 7.4% to £388.8m, while like-for-like revenue grew by 3.4% in the last financial year
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News
Whitbread restaurants report slow first quarter
The Beefeater and Brewers Fayre operator reported strong breakfast sales driven by high occupancy in hotels, but offset by softer trading in branded restaurants
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News
Lane7 gears up for international debut
The 13-strong experiential concept, which is targeting 50 sites in the UK, will launch one site in Berlin and two in Dublin later this year
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News
Revolution to proceed with restructuring plan
All resolutions were passed at the group’s general meeting on Friday, with Revolution now seeking the sanction of its restructuring plan