Finance – Page 48
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NewsRhubarb acquired by Oak View Group
The deal for the high-end restaurant, bar and catering company is aimed at transforming the F&B at Oak View’s arenas, stadiums, and live entertainment venues in the UK and around the world
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Analysis & InsightM&A deals fall to seven-year low
The total value of mergers and acquisitions involving UK companies more than halved in the first five months of this year, to $89bn, according to the London Stock Exchange Group
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NewsPizza Union looks to expand
The Bobby Hashemi-led Roman pizza bar is negotiating on new sites in central London, with sales up 43% year-on-year
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NewsKokoro sees profits down
The c70-strong Korean-Japanese QSR concept has cut back on its openings programme amid inflationary pressures but continues to expand, albeit at a slower rate
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NewsFlat Iron reports ‘remarkable recovery’
The 12-strong steak restaurant chain has reported full-year sales of £23.5m for the year ended August 2022, up 29.2% on pre-Covid levels
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NewsYolk seeks £1.75m to fund London expansion
The premium food to go brand is aiming to “disrupt the monotony” of the UK grab-and-go food scene, according to its Growthdeck pitch
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NewsCooks Coffee counts cost of delayed openings
The Esquires and Triple Two operator saw revenues down 10% amid supply chain disruptions
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NewsIssa brothers combine Asda and EG Group
The “transformational combination”, which includes over 1,000 food-to-go locations, will leverage Asda’s loyalty scheme and bring together convenience, fuel, grocery, foodservice and omnichannel retailing
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NewsFinnCap: Activist pressure on TRG likely to continue
Activist pressure will likely remain despite all resolutions passed with the requisite majorities at the AGM, albeit finnCap sees “considerable upside” for the group
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NewsNeat Burger valued at $100m
The London-based vegan fast-food chain, backed by Lewis Hamilton, has boosted its valuation in a new funding round aimed at fuelling US expansion
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NewsWhitbread exploring sale of restaurant brands
The FTSE100 business is understood to be exploring the potential sale of its Beefeater chain and its other restaurant brands in order to focus its efforts on its hotel chain Premier Inn.
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NewsYoung’s overcomes cost pressures to deliver profit growth
Revenues increase 19.4% to £368.9m, boosted by sunshine, the winter World Cup, and the recovery of the City and central London
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NewsRare Restaurants achieves 30% rise in like-for-likes
The 23-strong restaurant group reported a 38% increase in group turnover in the year to 1 January 2023, versus 2022, with several new openings over the period
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NewsSSP sees travel volumes continue to recover
The company said despite the macroeconomic uncertainty, the travel food and beverage sector will remain “structurally resilient” to pressures on consumer spending
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NewsWimpy UK sees 6% rise in revenue
The fast food chain, owned by South African company Famous Brands, achieved revenues of approximately £5.9m in the year to 28 February 2023
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NewsXP Factory hails transformational year
The Boom Battle Bar operator posted revenues of £22.8m for 2022, and operating profit of £1.3m
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NewsInception Group secures £6.7m loan to support expansion
The experiential bar group – winner of Best Pub/Bar Company at MCA’s Retailers’ Retailer of the Year Awards this year – is soon to open its 14th location, Mr Fogg’s Hat Tavern and Gin Club, in Soho
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NewsNew activist calls for break-up of Wagamama owner as pressure builds
The Restaurant Group’s board also faces accusations of mismanagement, The Telegraph reports
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NewsCôte posts £145m turnover
The Partners Group-backed French brasserie brand has embarked on major investment to contemporise the brand and enhance the core estate, while also appointing a new CFO
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NewsFazenda reports record £20m sales
Despite record sales, the South American-inspired operator saw its EBITDA slahed in half due to inflaiton and rising labour costs