Finance – Page 8
-
NewsMcDonald’s UK turnover dips by £14m
The QSR giant said it has invested in the customer experience across high street stores, drive-thrus, and delivery to mitigate the impact of challenging retail footfall
-
NewsTasty raises £9.25m
Proceeds will be used to invest in the group’s existing restaurants; tech and operations; acquisitions; and provide working capital support to deliver its revised growth strategy
-
NewsDishoom receives investment from L Catterton
The Indian restaurant group has brought in outside investment for the first time, with the US-headquartered global investment firm set to support Dishoom in exploring international opportunities
-
NewsTasty announces £9.25m fundraising to invest in growth
The casual dining operator has proposed to change its name to Bow Street Group and appoint David Page as executive chairman, with aspirations to deliver four to six acquisitions over the first three years
-
NewsTriSpan extends backing of NAYA
The US-based fast-casual concept has scope to scale to c200 sites, with additional funding from Pacific General Equity Partners and Kline Hill Partners
-
NewsPunch summer EBITDA ahead of 2024
The pub group also revealed further details of a successful refinancing, which saw it issue £600m in senior secured notes and a £70m revolving credit facility
-
NewsPark Chinois appoints administrators
The high-end Chinese restaurant and club, which was founded by Alan Yau, is part of Sofija Mehta’s Island Hospitality group, which also has outposts in Ibiza
-
NewsStarbucks sees ‘continued momentum’ in the UK
Comparable sales are in the low single digits, driven by a focus on service, beverage consistency, food innovation and labour investments to support peak operating hours, according to CEO Brian Niccol
-
NewsWingstop latest opening shatters global weekly sales record
The UK business is set to complete a record year of expansion, with 20 new openings planned by the end of 2025
-
NewsSimmons Bars restructures, closes four sites
The cocktail bars group filed 13 notices of intent to appoint administrators across a number affiliated limited companies
-
NewsStarbucks ‘ahead of schedule’ on turnaround plan
The coffee giant reported its sixth consecutive quarter of same-store sales decline, albeit CEO Brian Niccol revealed plans to ”unleash a wave of innovation that fuels growth and elevates customer service”
-
NewsWasabi retail business delivers ‘exceptional’ growth
The food to go concept, which operates 40 UK stores and 4 in the US, reported turnover of £126.9m for the 52 weeks ended December 2024
-
InterviewsGreggs: ‘We’re not in control of the share price, we’re in control of the business’
CEO Roisin Currie defended the retailer’s slide in profits and drop in share price, saying Greggs has increased its “robust” market share despite the slowdown
-
NewsCaffè Nero: ‘Our model is paying off’
The Nero Group delivered 8% sales growth for its UK estate between 1 March and 31 May, supported by the successful launch of its summer iced drinks menu
-
NewsGusto Italian acquired by Cherry Equity Partners
The transaction will see seven flagship Gusto restaurants continue to trade, but six will close following the pre-pack administration deal
-
NewsGreggs to trial new ‘bitesize’ format as profits slide
The smaller format will be tested in railway stations and retail parks, as the brand reports reduced profits impacted by cost headwinds and adverse weather conditions
-
NewsSSP UK sales up 7% in Q3
The travel concession operator saw strong sales at the begining of the quarter due to Easter, but trading softened in the last seven weeks of Q3
-
NewsRevel Collective LFLs down 7.9%
The Revolution and Peach Pubs operator said consumer confidence was slow to recover in the first half, but a fresh brand proposition is now resonating well with guests
-
NewsDavid Page in talks to raise £10m for Tasty
The placing would see Tasty renamed Bow Street Group, while the former Fulham Shore boss would take on the role of executive chairman at the London-listed Wildwood and dim t operator
-
NewsLane7 consolidates ahead of further expansion
The competitive socialising concept sees a healthy pipeline for future opportunities across the UK, Ireland, and Germany