Finance – Page 31
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NewsGentlemen Baristas acquired out of administration
The London-based coffee shop chain, which entered into administration in January, has downsized its estate to two sites and been acquired for a sum of £785,000
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NewsDarwin & Wallace reports ’challenging’ FY23
In accounts for the year to May 2023, the group said its premium, all-day offer made it firmly positioned to take advantage of any macroeconomic improvements
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NewsGreggs hits £1.8bn sales
Total sales in 2023 were up 19.6% vs 2022, with like-for-like up 13.7% as the retailer reports its market share is at an all-time high and reiterates its ambition for more than 3,000 in the long term
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NewsVagabond undertakes restructuring process
The Imbiba-backed, London-based wine bar chain attributed the decision to legacy Covid debts, cost pressures, and the forced closure of the company’s Heathrow venue - albeit all other locations remain open and trading
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NewsEG Group grows foodservice sales
The group reported £243m in foodservice sales in Q4, driven by its focus on pricing and operating efficiencies as well as the ongoing foodservice investment programme
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NewsEconomic headwinds cause loss for Upham Group
The Hampshire-based premium pub operator grew sales to £18.4m but posted a loss of £780k for 2023
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NewsCoffee#1 sees double-digit sales growth
Iced coffee has established itself as a growth driver for the Nero Group-owned coffee shop chain, which reports £54m in sales as it continues expanding its 118-strong estate
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NewsLuke Johnson takes a stake in Tortilla
The serial investor has snapped up 3.6% worth of shares in the fast-casual concept, valued at around £682,200
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NewsJust Eat grows profits in UK
Adjusted EBITDA in the UK & Ireland improved to €135m in 2023 (2022: €23m), driven by enhanced delivery efficiency and simplification
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NewsCornish Bakery sees ‘significant’ opportunity for growth
The 56-strong bakery chain reported £23.7m in turnover as it plans to ‘double or triple’ in size
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NewsDanieli Group reports £10m turnover
The Northeast-based group, which operates The Muddler, YOLO, and Destination 1850 brands, said the STACK concept accounted for 31% of turnover until its exit from the group in December 2023
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NewsSticks’n’Sushi secures £22m loan from OakNorth
With the support of McWin and OakNorth Bank, the premium Japanese restaurant group will continue to open new restaurants across the UK
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InterviewsItsu plans 15-25 shops in 2024
The healthy eating brand is doubling down on London after seeing workers return to their offices more regularly, CFO Greg Thorp tells MCA
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NewsRekom UK sold for £19.5m in pre-pack
Just one offer was received for the group of companies from a connected party, after it was established that no new investment was available from existing shareholders or secured creditors
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NewsPunch Pubs reports growth across all divisions
The pub company has identified 70 new pubs in its leased & tenanted estate it will look to convert to its management partnership model over the next three years
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NewsPortobello Starboard like-for-like sales ahead of market
The South East based pub and hotel business reports above budget returns from recently invested sites helped it exceed targeted EBITDA
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NewsWendy’s: ‘We’ve seen real momentum in the UK’
CEO Kirk Tanner says the fast-food brand’s quality differentiation is resonating with UK consumers, giving him confidence to grow the market and create a springboard into Europe.
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NewsKnoops sees record start to 2024
Store revenue for the chocolate drink specialist increased 23% on a like-for-like basis, with FY24 turnover expected to more than double vs FY23
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NewsMegan's sales up 10% in January
The 19-strong all-day neighbourhood operator, which is chaired by Rod McKie, has secured four new sites for 2024
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NewsApollo ‘in talks’ for Alshaya Starbucks franchise
The private equity firm Apollo Global Management is interested in acquiring a minority stake in the Middle East, North Africa and central Asia Starbucks, according to a Reuters report