Finance – Page 54
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NewsEl Mexicana saved in pre-pack deal
John Coverley and Paul Stagg, who founded and operated the brand under the Elmex Group, have acquired parts of the business under Cholco Consulting
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NewsRumours circulate about TRG pub sale
There is speculation that The Restaurant Group could be weighing up a potential sale of its pubs business Brunning & Price following pressure by activist investor Oasis
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NewsPizza GoGo maintains strong trading
The 100-strong pizza chain reported a turnover of £37.3m for the year ended May 2022 and looks to open further locations across the UK
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NewsPho posts return to profit
The Vietnamese chain has posted its first results since the pandemic for the year ended February 2022, with turnover increasing 109.1% to £43.7m
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NewsWendy’s targeting 45 UK restaurants this year
The burger chain intends to “lean in on our strong start” in the UK and Europe, by continuing to grow the UK market alongside traditional franchisees
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NewsCapco sees positive momentum in Covent Garden
The landowner, which is due to merger with Shaftesbury later this month, said F&B was among its highest performing categories in terms of leasing demand
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NewsJust Eat sees some of largest gains in UK & Ireland
Revenue for the UK and Ireland was up 6% to €1.3bn., with adjusted EBITDA “improving significantly” from -€107m in 2021, to +€23m in 2022
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NewsVarious Eateries makes progress amid challenging backdrop
The Coppa Club operator grew revenues to £40.7m but made a loss of £7.2m in 2022 as it invested in new sites
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NewsCornish Bakery lines up new openings
The 51-strong bakery chain has reported a turnover of £20.9m for the year ended May 2022 and aims to maintain its current rate of expansion
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NewsPicture is bleak for Cineworld investors
The debt-laden business expects any deal reached with its creditors to wipe out its shareholders, The Times reports
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NewsUK inflation could return to 2% from autumn
Economists have revised down their predictions for UK inflation, with Citigroup forecasting that consumer price growth could fall below the Bank of England’s spring target by this autumn
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NewsWells & Co targeting £15m EBITDA by 2028
The independent brewer and pub operator reported an 81% increase in revenue from continuing operations, to £55.2m, for the year ended 2 October 2022.
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NewsMexican chain Zambrero receives £143m in funding
The minority stake taken by Metric Capital Partners will help fuel the restaurant group’s ambitions to open a further 25 sites in Britain and Ireland this year.
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NewsHeavitree returns to profit despite cost headwinds
The Devon-based pub company and brewer said it had achieved a “satisfactory performance” in the face of cost pressures which have included multiple wholesale beer price increases.
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NewsStonegate launches Pub Partners platform as part of £10m investment
The new platform will offer publicans ideas and advice on how to grow sales, reduce operating costs and run a successful business.
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NewsHedge fund calls on TRG to restore market confidence
The Restaurant Group said it welcomed constructive feedback from all shareholders but disputes claims about performance and the level of Oasis Management Company’s shareholding in the business
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NewsOnline talent platform secures £29m in funding
Brigad raised a Series B round, led by Balderton Capital, in order to accelerate its growth in the hospitality sector across the UK and Continental Europe.
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NewsRail strikes hit SSP UK trading
Revenues were 83% of 2019 in the four months to 31 January 2023, reflecting the impact of industrial action
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NewsSubway explores $10bn sale
The sandwich giant, which has over 37,000 restaurants in more than 100 countries, said same-store sales climbed 9.2% last year
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NewsCoffee brand Bear secures investment
The Midlands-based Bear has closed an equity investment round, securing funding from Clark Group Investments to expand its store presence