Finance – Page 51
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NewsMcDonald’s reports consistent global sales performance
The fast food brand reported strong global sales growth across each of its market segments, with guest counts up across the world
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NewsMJMK launches £1m crowdfund campaign
The group behind Casa do Frango and Santiago Lastra’s KOL is launching a crowdfunding campaign to raise funds for further growth, including a second concept
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![Bar + Block interiors[78]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/1/6/3/292163_barblockinteriors78_101429.jpg)
NewsWhitbread F&B sales behind pre-pandemic
Sales were 40% ahead of FY22 for the 52 weeks to 2 March 2023, however they remained 4% behind pre-pandemic levels
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NewsLoungers achieves ‘industry-leading’ like-for-likes
The group reported stronger like-for-like sales growth in H2 FY23 of 11.8%, and record revenue for the financial year of £285.3m
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NewsBrighton Pier Bars post revenues of £15.5m
The bars, which include Lola Lo, Le Fez and Coalition, achieved EBITDA of £3.5m in 2022
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NewsOutlet closures drive beer volume decline at Heineken
The Dutch brewery’s premium portfolio grew in Q1, led by Birra Moretti and Beavertown
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NewsCamile Thai UK enters liquidation
Sites in Battersea, Balham, Epsom, Barnes and Romford have closed, with only Clapham remaining open on the UK mainland
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NewsDeliveroo ‘particularly pleased’ with UK performance
Q1 revenues and gross transaction value (GTV) were in growth, but order numbers decreased year-on-year
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NewsBuy-out firms explore joint bid for Subway
Advent International, Bain Capital and TPG are considering teaming up in a so-called “club deal”, Sky News reports
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NewsJust Eat makes progress on profitability
The delivery company’s Q1 2023 update saw a decline in orders and gross transaction value, attributed to a year-on-year comparative with the pandemic
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InterviewsCity Pub Group gears up for economic uptick
The premium pub company sees “good opportunities” in the market for pub acquisitions, but is primarily focussed on organic growth within the existing estate, CFO Holly Elliott tells MCA
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NewsHakkasan and Yauatcha owner acquired for $550m
Investment group Mohari Hospitality has bought Madison Square Garden Entertainment’s majority share in Tao Group
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NewsCity Pub Group confident in coming year
Like-for-like sales were up 3% in FY2022 and 13% in Q1 FY2023, with the 43-strong pub operator focusing on premiumisation and increasing its investment in Mosaic
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NewsP.F. Chang’s UK acquired by Pizza Hut franchise
Zaf Holdings has acquired the P.F. Chang’s flagship UK site in Leicester Square and the master franchise rights in the UK
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NewsBidders vie to snap up Subway for $10bn
Bain Capital, TPG Capital, EG Group and the owner of Dunkin’ are among the firms linked to the sandwich franchise
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NewsSubway deal value see $3bn fall
The sale price of the global sandwich chain could be cut from $10bn to $7bn as a lack of interest from prospective buyers has forced it to push back bidding deadlines, it has been reported.
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NewsBlack Sheep Brewery considers potential sale
The Masham-based brewer and pub operator has appointed a financial adviser to assess its options, including the potential sale of the business.
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NewsBrasserie Bar Co has strong pipeline of freeholds
The group, which achieved ‘record-breaking’ sales in the year to 26 June 2022, has since acquired three new freeholds with a big pipeline of further sites on the horizon
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NewsState of Play posts £11.2m loss
During the period to March 2022, the experiential leisure group secured £27m in new funding, plus a subsequent £8.5m, to finance its expansion
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NewsSushiDog secures growth capital
The sushi roll QSR concept has secured £500,000 from Middleton Enterprises to further expand in the capital