Finance – Page 6
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NewsJohn Vincent plans major menu and culture overhaul at Leon
The returning co-founder said the healthy food-to-go brand had “lost its leadership on food” while under the ownership of EG Group and Asda
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NewsAccommodation sales drive strong second quarter for RedCat Hospitality
The pub group has reported total sales of £34.6m in Q2 2025, supported by strategic investment and accommodation sales contributing £10.7m
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NewsKokoro targeting 100 new UK sites in five years
The Korean-Japanese QSR chain says it is investing significant capital into its expansion plans and is actively seeking franchise partners across the UK
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NewsBrewDog calls for ‘meaningful action’ to support sector in pre-budget warning
The bar operator and brewer has calculated businesses must sell an extra 950,000 pints every hour to recoup cost surges from energy bills, labour costs and tax hikes
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NewsThe Coconut Tree acquired for about £305,000 in pre-pack sale
The Sri Lankan restaurant group was acquired last week by a connected company led by two of its founders having fallen into administration after previously defaulting on its CVA payments
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NewsDubai burger slinger GOAT makes London debut
The trendy UAE-based brand has chosen Knightsbridge for its first international location with a promise to ‘raise the bar’ of London’s burger market
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NewsTopgolf sold for $1.1bn
The figure is just over half of what Callaway paid to acquire the business in a $2bn deal in 2020, with Leonard Green Partners now taking over
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InterviewsDes Gunewardena: ‘There’s definitely space for a 300-cover restaurant in London’
The D3 Collective founder says his new Olympia venture will combine elements of London’s German Gymnasium and Guastavino’s in New York
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NewsVagabond launches direct to consumer platform
The bar group, which is backed by wine retailer Majestic, says the new platform will ‘bring its signature self-pour discovery experience into homes across the UK’
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NewsUrban Baristas partners with Walia Capital founder
The Aussie-inspired speciality coffee chain has signed a multi-site development deal with Aary Walia, founder of Walia Capital and Anytime Fitness franchisee, with a new site secured on Bermondsey Street.
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EventsMCA Hospitality Awards: finalists announced
Voting is now open for the prestigious annual celebration of hospitality excellence, with finalists including Azzurri Group’s Dave’s Hot Chicken, Arc Inspirations’ BOX, Flat Iron and WatchHouse Coffee
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NewsGail’s owner eyeing up new investors
Bain Capital is understood to be exploring opportunities for further investment in the fast-growing bakery chain, with Goldman Sachs retained as advisers.
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NewsDes Gunewardena unveils plans for triple opening at Olympia
The renowned restaurateur will launch a 300-cover restaurant led by an all-female team alongside a speakeasy bar and events space at the landmark £1.3bn London redevelopment next spring
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NewsMiddletons acquired out of administration by existing shareholders
A sale of the steakhouse business and its assets will see all seven Middletons sites continue to trade, safeguarding the jobs of 159 employees
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NewsYoung’s launches share buyback programme
The pubco has launched a share buyback programme to reduce the company’s share capital, following its trading update last week
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NewsStonegate eyes £1bn sale of 1,000 sites
The group has held talks with advisers about calling time on prime freehold properties as it battles to bring down debts of more than £3bn
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NewsCosta Coffee bidders dwindle as private equity firm KKR pulls out
City sources say owner Coca-Cola is unlikely to recoup the £3.9bn it paid for the chain in 2018 after putting it up for sale earlier this year
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InterviewsOn brand: how Martin Williams is Evolv-ing the D&D estate
Martin Williams has been inspired by the ethos and vision of Sir Terence Conran as he looks to grow the rebranded Evolv Collection through four flagship brands
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NewsSunday app raises £16m in Series B round
The payment platform from the founders of Big Mamma Group is looking to expand internationally and into new restaurant segments such as fast-casual and fine dining
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NewsThe Coconut Tree sold out of administration
The Sri Lankan restaurant group has been acquired by a connected company with all seven restaurants set to continue trading