Finance – Page 8
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NewsGong Cha announces record sales
The bubble tea brand achieved sales of $600m in the 52 weeks to 31 December 2024, with more than 240 new sites having opened last year. It recently signed a new franchise agreement to open an initial 225-plus UK stores.
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NewsCamerons can refocus on pub operations following debt reduction
The brewer and pub operator said its 45 managed house pubs traded well in 2024, contributing to a “significant improvement” in EBITDA for the year to 5 January 2025, from £3.9m to £4.6m.
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Weekend PressAlixPartners drafts in Goldman Sachs to run sale of stake
Deal is latest in wave involving professional services firms, The Sunday Times reports
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NewsYard Sale Pizza secures investment from Piper
The London neighbourhood pizza delivery brand plans to supercharge expansion in London and new cities across the UK, with a goal of reaching 40 shops over the next five years, MCA can reveal
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NewsWells & Co's performance driven by strong like-for-likes
The brewer and pub operator achieved group revenue growth of 5.6%, to £65.8m, for the year to 30 September 2024, with like-for-like growth of 7.5%.
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NewsPizzaExpress agrees refinancing
The casual dining group has agreed a fully consensual refinancing deal with over 97% of its existing bondholders, and reported like-for-like growth in Q1
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NewsHugh Osmond ups stake in Various Eateries
The sector investor has increased his stake in the Coppa Club and Noci operator, after the group reported 9% revenue growth in its most recent financial results
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NewsBrighton Pier Group to cancel trading on AIM
The Luke Johnson-chaired leisure and hospitality business said the costs of being a public company were “disproportionate to the benefits”, with annual savings of up to £300,000 expected when it goes private
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NewsSoho House revenues increase 7%
The private members’ club group achieved $1.2bn in revenue in 2024, while opening its latest London location - Mews House - in Mayfair
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NewsRedCat Hospitality completes transitional year
The 95-strong operator behind Coaching Inn Group and RedCat Independent Pubs has achieved £129.8m turnover and laid the foundations for growth
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NewsSix by Nico curtails investment due to Budget
The 16-strong restaurant group opened six sites in FY24 and grew turnover to £36.2m, but said increased costs will hamper investment in new openings
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Weekend PressLow-paid workers to bear the brunt of coming rise in UK labour costs
More than 100 Pizza Hut delivery drivers for Scotland’s biggest takeaway franchisee were called to an emergency meeting, writes the FT
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NewsKerb reports ‘extraordinary year’ of revenue growth
The street food collective and hospitality group achieved revenue of £32.2m in 2024 – up 37% on the previous year, with two new London locations to open in 2025
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NewsNWTC announces record revenue
Revenue increased to £73.5m in the 52 weeks ended 31 March 2024, with underlying EBITDA up 20%, at the Graphite Capital-backed bar and restaurant operator
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NewsPatty & Bun completes restructure of burger business
The business and assets have been acquired by a new company led by the existing team, with all restaurants to remain open, founder Joe Grossmann confirmed.
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NewsBlack Sheep Coffee raises millions in fresh equity
The coffee shop chain, which operates more than 100 locations globally, has raised the funds through a combination of loan agreements
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InterviewsCaravan: ‘This is all down to us now’
CEO Laura Harper-Hinton speaks to MCA following the restaurant group’s management buy-out, which she says has enabled the team to “refocus on what we’re up to”
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Analysis & InsightSpring Budget: Warning over growing cost pressures amid lack of targeted support
Hospitality leaders have voiced concern following the Spring Budget, which did not include support for the sector despite calls for relief on business rates and employer NICs
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NewsFever-Tree reports FY24 growth with on-trade recovery
The mixer brand has reaffirmed its commitment to hospitality and on-trade partnerships as it posted improved performance in the UK
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NewsStrong 2024 fuels growth at Red Engine
The team behind Flight Club made combined sales of £118.3m in 2024, and plans to take its global estate to 84 sites by the end of 2030