Finance – Page 57
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NewsAviary Hospitality partners with Daizun Investments
The South Coast-based group is looking to expand its brands Chicken & Blues and Flamingo Cafe Bar following the acquisition of James & White Group
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NewsWhitbread reports continued trading momentum
The Premier Inn operator saw F&B sales remained down on pre-pandemic levels, despite strong like-for-like sales growth in Q3 FY23
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NewsMitchells & Butlers sees festive trading up on pre-pandemic levels
The Harvester and All Bar One operator saw like-for-like sales up by 8.9% in the 15 weeks to 7 January, compared to the same period in 2019
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NewsCrussh secures pre-pack sale, saving eight stores
The food to go chain has been heavily impacted by post-pandemic trading conditions, having previously operated 30 stores
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NewsNightcap sees strong half-year sales growth
Nightcap has announced a strong period of trading over the festive period, with like-for-like revenue up 27.6% in December
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NewsPuttshack entering ‘rapid growth phase’
The tech-infused mini golf concept said global factors such as the war in Ukraine had not had an impact on trading
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NewsInception Group posts return to profit
The experiential venue operator of Mr Fogg’s and Control Room B saw revenues bounce back to £12.7m in the year to December 2021
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NewsRedCat: ‘Headwinds will create opportunities for us to grow’
The pub investment company, led by Rooney Anand, achieved adjusted group EBITDA of £7.2m, with a net loss after tax of £5.4m in its first full financial year
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NewsMission Mars continues strong momentum
The Albert’s Schloss and Rudy’s Pizza operator has reported a 26% rise in like-for-like sales over the Christmas period, attributed to record sales in both brands
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NewsPunch Pubs looks to capitalise on post-pandemic bounceback
The pub operator has rebounded strongly and is looking to maximise profitability and pursue strategic acquisitions
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NewsGlendola Leisure: ‘We are in good shape’
The 17-strong operator has worked to rationalise its business and is now ready to take advantage of growth opportunities, MD Alex Salussolia tells MCA
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsProfits up at Laine Pub Co
The Fortress-backed operator delivered a solid performance in 2022, despite challenges with Omicron in Decemeber 2021
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NewsPunch Pubs revenue recovers
The pub operator has reported a revenue of £284.4m and a loss after tax of £3.1m for the year ended 14 August 2022
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NewsTortilla stays resilient through 2022
Tortilla has reported group revenue of £57.7m for FY22, with Q4 like-for-like revenue growth 16% up vs FY19 despite challenging trading conditions
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NewsBrewhouse sees festive like-for-like sales up 15%
The brewpub group attributed to the growth, not just to it being the first Covid restriction free Christmas since 2019, but also the strength of its festive offer and hard work of its teams.
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NewsGiggling Squid has ‘most profitable year since inception’
The group reported turnover for the 52 weeks to April 2022 of £65.9m, up 94.4% on 2021, with seven new restaurants having opened during the period
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NewsSukho Group reports post-pandemic bounceback
The multibrand restaurant group, comprising Zaap Thai and Sukho Thai, has reported £13.5m in sales for the year ending March 2022
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Pure eyes ‘exciting growth opportunities’ in 2023
The healthy food to go brand doubled sales in 2022 to reach £20m, after refining its operations, menu and marketing
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NewsGreggs continues robust trading
The food-to-go retailer has reported total sales of £1,513m for the year ended 31 December 2022, up 23% from £1,230m in 2021