Finance – Page 6
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NewsComptoir Group achieves positive like-for-likes
The Comptoir Libanais operator increased group revenue by 0.6% compared to the same period last year, and is actively reviewing opportunities to grow its Shawa concept
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NewsPizzaExpress sees like-for-likes dip amid ‘challenging’ backdrop
The group has reported revenue of £442.1m for the year ended 29 December 2024, a decline from £454.6m in 2023, with like-for-like sales falling 2.7% in the UK & Ireland
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NewsRick Stein Restaurants reports revenue decline
The group reported revenue of £30.4m for the year ended 31 December 2024, down 5.4% year-on-year, attributed to wider pressures facing the sector
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OpinionMore room at the inn: observations on current pub sector M&A
Prospective buyers in the UK’s pub sector are increasingly focused on what the transaction can do for their existing business, AlixPartners’ director Craig Rachel writes in MCA
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NewsCosta Coffee attracts smaller number of bids than expected
Stonegate Group and Popeyes owner TDR Capital is said to be among the reported bidders, however insiders diclosed the sale could fetch as little as £1.5bn
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NewsCaffè Nero achieves record sales of £626m
The coffeehouse group delivered like-for-like sales growth of 7% in FY25, with overall sales up 12%, while gaining market share across territories
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NewsLeon narrows losses
The chain reported total revenue of £62.5m in 2024 - a slight fall from £64.9m in 2023 - but has exited three sites and seen a significant reduction in its cost base
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NewsYoung’s sees strong momentum through summer
The pubco reported healthy demand, with like-for-like sales were up 5.6% in the 24 weeks ended 15 September and total sales up 5.3%
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NewsSwingers stays focused on expansion despite revenue dip
Revenue dipped to £36.4m from £43.3m, albeit the competitive socialising concept continues to open in new markets
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NewsChopstix Group achieves ‘resilient growth’ in FY24
The Asian QSR brand reported adjusted EBITDA of £6.97m for the 35-weeks to 31 December 2024, but a loss after tax for the period of £963k.
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Analysis & InsightRestaurant sector M&A nearly doubles in past year
The UK restaurant sector saw 30 deals in 2024/25, up from 16 the previous year, due to lower interest rates, improving investor confidence, and falling commercial rents
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NewsHydes Brewery ‘eclipses’ last year’s turnover with new record
The brewer and pub operator achieved a 3.9% increase in turnover for the year to 30 March 2025, to £40.8m, with the majority of its sales growth driven by performance its managed estate
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NewsPho continues expansion with 50th site and strong FY results
Pho reported group sales up 11.6% to £79.3m for the year to February 2025, as the TriSpan-backed Vietnamese restaurant brand continues its national rollout
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Weekend PressPret and peers serve up a cold platter of UK high-street gloom
Retailers still planning around yesterday’s customer habits will find even greater challenges in store, Jennifer Hughes writes for the FT
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NewsAzumi: Pipeline of potential opportunities remains strong
The ROKA and Zuma operator reported revenue of £203m in 2024, a 1% decline from 2023, but said further openings are planned for this year and beyond
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NewsByron Burger risks fourth insolvency
The burger restaurant brand’s future is in doubt once more after its owner Tristar Foods filed a notice of intention (NOI) to appoint administrators
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NewsHunch Ventures takes over Jamie Oliver operations in India
International Market Management, led by founder Jasper Reid, has been bought out by its local JV partner after growing the Jamie Oliver estate to 15 restaurants across India
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NewsBurger & Lobster names new CEO as group posts resilient FY results
The 12-strong restaurant chain has appointed Dino Sura as global CEO, as founder Misha Zelman steps back into a non-executive director role
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NewsCornish Bakery achieves record summer
The independent bakery chain has delivered 24% total sales growth year-on-year, along with 8% like-for-like growth as it continues to grow its pipeline
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InterviewsSteady growth ahead for itsu
CEO Clive Schlee and CFO Greg Thorp speak to MCA as the retail and grocery group gears up for another record year, with revenue set to surpass £200m in 2025