Finance – Page 5
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NewsRoark Capital to acquire Dave’s Hot Chicken
The private equity firm, which acquired Subway last year, has reportedly signed a deal to acquired Dave’s for roughly $1bn (£800m)
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NewsKrispy Kreme sees ‘continued pressure in the UK’
The doughnut brand’s adjusted EBITDA margin was down 18.6%, largely due to lower volumes in the UK, with the team piloting different price points and new channels
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Analysis & InsightProsus likely to have appetite for more UK businesses
Analysts noted Deliveroo shares have risen sharply since Just Eat confirmed it has agreed to a takeover by the Dutch investment group
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NewsHospitality leaders’ confidence drops amid cost pressures
64% of UK hospitality operators plan to cancel investment, while 59% anticipate cutting staff, and 57% expect to reduce employee benefits in response to rising costs and upcoming tax increases
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NewsJust Eat Takeaway to be acquired in €4.1bn deal
Investment group Prosus has made an all-cash offering, valuing Just Eat’s shares at €20.30 per share, and believes the acquistion will be an “opportunity to create a European tech champion”
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Weekend PressRegal Cineworld poised to float with or without UK arm
The global cinema group’s is valued at $2.5bn-$4bn but its British business may be treated separately, The Sunday Times reports
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NewsJoe & the Juice UK delivers £77m turnover
The Denmark-founded juice and food to go chain said revenue growth was driven by an increase in same-store sales, particularly delivery turnover, which doubled in 2023
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NewsHeavitree Brewery sees profits fall in FY24
The Exeter-based brewer and pub operator reported a decline in profit after tax, from £1.51m in 2023, to £1.32m for the year to 31 October 2024, despite a 35% increase in operating profit.
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NewsCaffè Nero UK achieves 17% increase in EBITDA
The coffee chain added 29 new shops to its UK estate during FY24, and saw strong sales growth within its delivery, which contributed to a 10% increase in overall sales, to £333m.
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NewsButcombe CEO urges ‘common-sense’ approach to tax hikes
Jonathan Lawson has urged the government to reconsider the pace of tax and wage increases, warning of significant pressure on the sector
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NewsWingstop accelerates international expansion with record growth
The fast-growing chicken brand reported strong international growth in 2024 and believes the UK could support up to 450 sites
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NewsDave’s Hot Chicken explores £800m sale
The California-based fried-chicken chain, which has opened in London with Azzurri Group, is working with investment bank North Point on a sale process, which is attracting interest from private equity firms, Reuters reports
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NewsGordon Ramsay’s UK and US restaurant operations to merge in Lion Capital deal
The agreement gives both parties a 50% stake in the new holding company, with the board and exec team at the almost 100-strong group to be headquartered in London.
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NewsChopstix boosts turnover to £64m
The Asian-inspired QSR chain said it has been able to achieve resilient revenue growth despite a challenged backdrop, with strong sales and tight cost control
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NewsPunch Pubs reports strong trading and profit growth
The pub company remains on track to reach an adjusted run-rate EBITDA of £99.8m, with all three divisions delivering like-for-like growth
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NewsPopeyes UK achieves £2.4m average site sales
After surpassing 65 units, the QSR brand has grown nearly 75% year-on-year, according to an update from parent company Restaurant Brands International
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NewsValentine’s Day bookings up by 7%
Bookings for tables of two are up 15%, although the Galentine’s Day trend may be waning, according to payments company Dojo
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NewsBagel Factory targeting 40 locations this year
The 34-site business, owned by Italian food group Cremonini, reported a “significantly improved” performance in 2023, with turnover up 57.6% to £4.8m, according to its latest accounts.
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NewsFortress acquisition marks ‘new chapter’ for Loungers
Fortress has completed its acquisition of the hospitality group for £354.4m, with Loungers looking forward to accelerating its growth under new ownership
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NewsCosta drives down Coca-Cola’s coffee revenues
Costa Coffee’s performance in the UK led to a 3% decline in full year coffee revenue for parent company Coca-Cola