Finance – Page 35
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NewsWhitbread F&B sales up 6%
Total F&B sales stood at £582.9m in the year to date for the Beefeater operator, with like-for-likes up 6% as the category continues to “perform well”
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NewsThe Coconut Tree launches crowdfund for London openings
The Sri Lankan restaurant group is raising £1m to take the brand to the capital, with plans to open two new sites
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NewsBoparan sees ‘significant potential’ for Slim Chickens
The group also said its brands Gourmet Burger Kitchen, Giraffe, and Carluccio’s all offer long-term growth potential, with GBK and Slim Chickens reporting £49.5m in revenue
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NewsState of Play delivers ‘pivotal year’
The Hijingo, Bounce and Flight Club USA operator doubled revenue to reach £35.3m in the year to March 2023, and plans to double its estate in 2024
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NewsNightcap reports record Christmas trading
The bar operator reported its largest monthly earnings in its nearly three-year history since IPO, with revenue of £7.4m for the four weeks ended 31 December 2023
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NewsGreggs plans 140-160 new shops in 2024
The bakery brand reported a strong 2023, growing sales by 20% to reach £1.8bn, and more favourable Christmas trading than recent years
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NewsMission Mars reports record-breaking festive period
The group is set to open 12 Rudys pizza restaurants over the next year after reporting record festive trading, with revenue up 38% to £10.0m, compared to 2022.
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NewsAmber Taverns reports strong festive trading
The wet-led pub operator, which is targeting an estate of 185 by the end of the year, has seen like-for-like sales up 20% over the holiday season
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NewsKings Park Capital backs STACK
Specialist leisure investor Kings Park Capital has invested in the Boxpark-style shipping container concept to help accelerate its growth
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NewsBlack Sheep Coffee doubles turnover
The coffee shop chain, which operates more than 70 UK stores, reported turnover of £21.3m as it looks to drive both bricks-and-mortar and ecommerce expansion
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NewsJollibee to ‘significantly increase’ UK presence
The Filipino fried chicken chain has reported £17.9m in turnover for 2022, with plans to significantly grow its UK estate by 2028
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NewsSpaghetti House returns to profit
The London-based Italian restaurant group reported turnover of £9.8m in the year to march 2023, as well as a return to profit due to the increase in sales
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NewsJW Lees reports record turnover
Company revenue was £88m in the year to March 2023, with the pub operator and brewer back on track for future growth and new acquisitions
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NewsBreal Capital acquires Purity Brewing
The D&D London backer acquired the Warwickshire craft beer company in a pre-pack administration
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NewsSukho Group grows sales by 18% to £16m
The Thai restaurant group has secured the lease for a new prime location on The Riverwalk in Durham for its seventh Zaap Thai Street Food site
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NewsNWTC sees record weeks of sales
New World Trading Company has hailed an “exceptional” period of peak Christmas trading, generating double-digit LFL sales in its first uninterrupted December since 2019
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NewsWingstop UK sees 49% LFL growth in 2023
Master franchise Lemon Pepper Holdings has been able to maintain profitable growth across its estate, with plans to reach 50 sites by end of 2024
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NewsStonegate completes £638m refinance
The pub company has completed the refinancing of a 1,034-strong pub portfolio, with debt provided by US private equity firm Apollo Global Management
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NewsGiggling Squid sales ahead of pre-pandemic levels
Turnover for the Thai restaurant group increased by 11.3% to £73.3m in the year to 2 April 2023 (FY23), up from £65.9m the year before.
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NewsTortilla adapts to changing market
The company’s performance is expected to be slightly behind previous forecasts due to “subdued consumer confidence” impacting demand across the eating out market, in particular during Q4