Finance – Page 32
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![Sky Garden Rhubarb[86]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/3/1/3/316313_skygardenrhubarb86_224731.jpg)
NewsRhubarb Hospitality Collection reports full recovery
The high-end restaurant company, which operates the F&B offer at venues including Royal Albert Hall and Sky Garden, reported £38.1m in turnover for 2022
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NewsKrispy Kreme faces continued pressure on profitability in UK
CEO Josh Charlesworth said the doughnut chain is taking action to improve profitability as it reports lower volumes in the UK in FY23
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NewsHonest reports double-digit sales growth in December
The strong performance has continued into 2024 with 12% like-for-like growth versus January 2023
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NewsRetail and delivery drive growth for Nero Group
In the UK, the Caffè Nero brand reported £200m in sales, representing overall growth of 10.1% between June to November 2023
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NewsAzzurri Group delivers revenue growth across brands
The ASK Italian and Zizzi operator has seen a 9.3% increase in revenues, and is continuing to invest at record levels with £22.2m of capital investment in 2023
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NewsSSP acquires ARE in Australia
Airport Retail Enterprises operates 62 airport outlets in Australia with anualised sales of around £100m
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NewsBangerz ‘n’ Burgerz enters liquidation
The burger and hot dog restaurant previously had seven sites along the south coast, with 7Bone taking over its Brighton site last year
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NewsRare Restaurants achieves double-digit turnover growth
The Gaucho and M operator saw revenues reach £75.3m in 2023, and continues to grow its brands with a pipeline of 30 locations
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NewsSoho House ‘hurtling towards financial ruin’
GlassHouse Research accuses the private members club of having a broken business model, terrible accounting and a persistent lack of profits
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NewsKFC UK system sales up 6%
Parent company Yum! Brands reported results for 2023 including worldwide system sales up 7% at KFC, with Taco Bell at 6%, and Pizza Hut at 1%.
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NewsCarlsberg expects moderate operating profit growth
In the UK, the business reported ’solid performance ahead of market’ with good growth for Poretti, Brooklyn and alcohol-free brews.
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NewsLiberation Group reports record FY turnover
The premium pub operator and brewer saw a record outperformance in the year ended January 2024, with revenue up 22.5% year-on-year to £147m and all divisions in growth
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NewsBig Fang Collective secures £5.5m from ThinCats
The crazy golf operator, which operates six sites under its Ghetto Golf and Golf Fang brands, has expanded its proposition to combine multiple concepts under one roof and has a strong pipeline in place
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NewsCost pressures impact Pieminister profits
The pie specialist reports it absorbed the majority of cost increases, albeit revenue growth in the retail channel stood at 14% as it looks to reach 100 sites by 2030
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NewsMcDonald’s UK increases market share in breakfast
Expanding Saver meal deals and enhancing the value proposition has driven growth in an earlier day part, while the UK also continues to build on success in the chicken category, according to CEO Chris Kempczinski
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NewsOle & Steen impacted by macro-economic upheaval
The all-day bakery brand said its results for the year ending December 2022 did not meet expectations, driven by the turmoil of the economic market situation, with costs rising to unprecedented levels
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NewsHawksmoor delivers record turnover in 2023
The restaurant operator continues to eye international expansion, with a second US site lined up in Chicago for later this year.
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NewsStrong UK debut for Blank Street
The specialty coffee chain reported £1.8m turnover for its first six months in the UK, with plans to expand its offer and launch a subscription program
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NewsDaisy Green doubles pre-pandemic revenues
Daisy Green’s strategy is to continue to invest in new sites and grow its direct to consumer businesses, after achieving turnover of £17.9m for the year ending April 2023
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NewsBlank Street Coffee auditors warn account figures may be ‘misstated’
The note comes as filings show the chain made a £2.9m loss in its first six months in the UK, the Evening Standard reports