Finance – Page 4
-
NewsLandmark Brighton venues acquired
Concorde 2 and Volks, which specialise in live music and late night events, have been acquired by independent music company All Things Considered
-
NewsOperators turn to promotions and tech to drive growth
Hospitality businesses are focusing on seasonal promotions, events, and special offers to maximise bookings and offset rising costs in 2025, according to ResDiary
-
NewsNew recycling rules could cost pubs £60m a year
The BBPA has warned that new Extended Producer Responsibility rules will force pubs to pay twice for the recycling of glass bottles, adding £60m in extra costs
-
NewsHospitality confidence falls to two-year low
Confidence has dropped to its lowest level since October 2022 as the sector braces for £3.4bn in additional annual costs from April, according to CGA by NIQ
-
![Dominos_TheChick-Ain’t_VeganNuggets4[1]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/8/5/0/351850_dominos_thechickaint_vegannuggets41_592682.jpg)
NewsDomino’s delivery channel returns to growth
The pizza chain recorded a marginal dip in group revenue to £664.5m in FY24, with like-for-like sales growth of 0.7% over the year
-
Analysis & InsightM&A: Significant number of PE businesses looking to transact
Despite the Budget, Graeme Smith and Craig Rachel of AlixPartners see an improving picture as the consumer spending outlook improves, particularly in the critical younger demographic who benefit most from the increase in minimum wage
-
NewsBill’s hails ‘remarkable turnaround’
The Richard Caring-backed all-day casual dining concept has doubled group EBITDA to £11.2m in FY24 from £5.5m in FY2022
-
Weekend PressGreggs is no longer on such a roll
Before last year, the bakery chain had enjoyed three years of double-digit like-for-like revenue growth, Natalie Thomas writes in the FT
-
NewsCherry Equity Partners acquires Bistrot Pierre
The transaction will ensure 10 of the French-inspired restaurant group’s sites continue to trade, albeit eight restaurants will close immediately
-
NewsPizzaExpress shareholders to provide £30m cash injection
Bain Capital Special Situations is preparing to inject millions of pounds to help secure a refinancing of the restaurant group’s debt, Sky News reports
-
NewsBlack Sheep reports another year of strong growth
The coffee shop chain entered three new markets in 2024 while achieving double-digit same-store sales growth for five consecutive months at the end of the year
-
NewsIndian QSR concept secures funding from Haldiram’s
Shree Krishna Vada Pav, which operates 18 sites across London, aims to reach 30 stores by the end of the year, with a projected turnover of £12m
-
Analysis & InsightM&A: Significant pent-up supply of assets
The hospitality M&A market is gradually returning, with high-value deals and opportunistic acquisitions fuelled by new capital sources, according to Houlihan Lokey
-
NewsCaravan completes management buyout
The management team, led by CEO Laura Harper-Hinton, alongside fellow co-founders Chris Ammermann and Miles Kirby now fully own and control the business again
-
NewsThe Revel Collective records slower than expected recovery
The Revolution and Peach Pubs operator said recovery is running “several months” behind expectations due to reduced consumer confidence and the challenged night time economy
-
NewsGreggs achieves £2bn sales milestone
The retailer recorded an 11.3% increase in sales compared to 2023 by broadening its estate, customer appeal, and sales channels
-
NewsPizza GoGo sees turnover dip
Both turnover and profit were marginally down in FY24 for the pizza franchise, which operates more than 100 stores across the UK
-
NewsParogon looking to add at least three sites per year
The premium pub operator is targeting large freehold sites as well as more compact units to further the rollout of its Mediterranean concept Willow.
-
NewsPapa Johns UK comparable sales return to growth
CFO Ravi Thanawala said a consumer-centric approach, combined with menu innovation and a refreshed loyalty scheme, has helped drive 2% growth in comparable sales
-
NewsEG Group announces strong Q4 performance
The Blackburn-based group’s European business grew underlying EBITDA by 19% in Q4, while a price-focused strategy in Foodservice resulted in gross profit rising 5%