Finance – Page 74
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NewsBrasserie Bar Co acquired by Alchemy for £40m
The deal will support plans to grow the group’s pubs business from 18 sites to 70 over the next five years
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NewsSSP revenues take a hit from Omicron
Revenues at the food and beverage travel outlet operator were down to 57% of 2019 levels in the most recent eight-week trading period
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NewsRecovery on track for Shaftesbury
Following a short-term period of disruption over Christmas, visitors and workers are returning to the West End, said the real estate investment trust
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NewsJoe & the Juice receives £34.7m cash injection
The parent company of the Danish juice and healthy food concept raised the money last year through a capital injection from shareholders and bank borrowings
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NewsHickory’s makes gains on pre-pandemic levels
Like-for-like sales at the Piper-backed barbecue restaurant group are up 40% since May 2021.
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NewsBusaba profits £2.87m year after CVA
The Thai-inspired casual dining operator said its balance sheet had been favourably impacted by the write off of supplier debts in the CVA
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NewsUrban Pubs & Bars extends banking facility
The London-based operator has extended its facility with Barclay’s to £6m to help support its expansion
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NewsGrind contains losses to £1.2m
The company has completed a “significant equity investment” round which has strengthened its balance sheet and provided funds to scale the group in the UK and internationally
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NewsDaisy Green eyes expansion
The Antipodean café operator plans to open two to three sites per year, as well as expand its direct to consumer business, having raised £2.6m in equity capital
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NewsArc Inspirations secures £14m arrangement with HSBC
It includes a separate £5m facility to underpin the group’s expansion and growth
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NewsUK contributes to strong lfl growth for McDonald’s
Strong sales at McDonald’s UK & Ireland have contributed to significant like-for-like growth in the global fast-food chain’s international markets.
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NewsFuller’s: Strong desire to return to city
The pub company has reported improved trading since the new year, having gained further momentum with the lifting of restrictions in England
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NewsKnighthead tables £38m rescue deal for Corbin & King
The US fund has reportedly told administrators to Corbin & King it is prepared to refinance all outstanding loans owed to majority investor Minor International
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NewsBlack Sheep backed by Future Fund
The speciality coffee shop operator is one of more than 100 British companies the UK taxpayer has become a shareholder in
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Analysis & InsightMarston’s location bias could leave them exposed
Marston’s bias towards sites in the West Midlands and the North of England could leave them “particularly exposed” to a macroeconomic downturn, according to analyst JP Morgan Cazenove.
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NewsCorbin & King placed into administration by majority investor Minor International
The Thailand-based investor said the restaurant group was insolvent, but CEO Jeremy King accused Minor of a power play to seize control of the holding company
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NewsCorbin & King in talks with Knighthead
The Wolseley operator is understood to be seeking new backing from the US-based fund following a dispute with its majority shareholder, Minor Hotels, Sky News reports
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NewsBoxpark in talks on several new sites
The Roger Wade-led food hall operator plans to open two to three sites a year over the next five years
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NewsWells & Co to offer further rent concessions
The decision by the family-owned pub business to offer a 10% rent concession to all its leased and tenanted pubs across came off the back of a tough December
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NewsMarston’s predicts a return of strong trading momentum
The pub company saw like-for-like sales fall by 3.9% for the 16 weeks to 12 January, reflecting the impact of Omicron