Finance – Page 88
-
NewsOakman ‘ready for further growth’
The Oakman Group has reported an EBITDA loss for 2020 of £2.6m and a total loss of £13.9m.
-
NewsLuke Johnson looks again at selling Gail’s
Risk Capital Partners (RCP), led by Luke Johnson, is reportedly looking again at selling its Gail’s bakery business, and has hired financial services firm Nomura to explore options.
-
NewsWingstop invests in UK franchise business
Wingstop the US-listed QSR concept, has announced a minority investment in the UK business, which is operated by Lemon Pepper Holdings (LPH).
-
NewsRevolution Bars raises £21m
Revolution Bars Group has raised £21m after announcing plans to tap up shareholders for new funds.
-
NewsRobinsons ploughs £4m into pub estate
North west-based pubco Robinsons has rolled out a multi-million-pound investment across its estate to repair, redecorate and implement Covid-safe measures.
-
NewsRestaurant Group sees ‘very encouraging recovery’ in sales
The Restaurant Group (TRG) saw a “very encouraging recovery in sales” in the five weeks to 16 May, following the opening up of venues for outdoor dining.
-
NewsGrosvenor backs salad bowl concept Atis
Landlord Grosvenor has announced a second investment in a tenant, with a loan to healthy salad bar and bowl concept, Atis.
-
NewsElectra plans to demerge Fridays onto FTSE
Fridays’ backer Electra Private Equity has said it plans to list the business on the FTSE Main Market late in the third quarter of this year.
-
NewsYoung’s sees revenue down 30% but confident about the future
Young’s saw group revenue fall by around 30% on the previous year, for the 52 weeks to 29 March 2021, from £311m in 2020, to £90.6m.
-
NewsMarston’s a ‘stronger, more focused’ business
Marston’s has posted an underlying loss before tax of £122m, for the half year to 3 April.
-
NewsM&B in ‘strong competitive position’
Mitchells & Butlers made a loss before tax of £200m in the half year to 10 April, with only 14 weeks of restricted trading permitted during the period.
-
NewsRichoux brand sold to Naveen Handa
The Richoux brand and its intellectual property have been sold to Naveen Handa after it went into administration.
-
NewsETM founders to raise £4.3m for new venture
ETM Group’s founders are looking to raise £4.3m to fund new venture Maven Leisure.
-
NewsHollywood Bowl sees strong performance when allowed to trade
Hollywood Bowl Group has said it expects strong demand upon reopening in May inline with the strong performance it achieved when open last year.
-
NewsJob adverts and spending both up for hospitality
There has been a sharp rise in the number of hospitality job adverts, with online ads pushed up by the reopening of pubs and restaurants last month, The Times has reported. On 7 May the number of job adverts for roles in hospitality had increased by 46 percentage points since ...
-
NewsCapdesia pumped £10.8m into Wasabi last year
Wasabi’s backer Capdesia invested a further £10.8m into the business last year, in order to ensure it could meet its financial obligations and was well placed to invest in future growth post-pandemic.
-
NewsDrake & Morgan to enter CVA, three sites to close
Drake & Morgan, the bar and restaurant group with sites in London, Manchester and Edinburgh, is entering into a Company Voluntary Arrangement (CVA).
-
NewsWelsh government confirms reopening and extra support
The Welsh government has confirmed that six people from up to six households will be able to meet in pubs and restaurants from 17 May.
-
NewsNightcap raises £10m through share placing
Nightcap has raised £10m through a share placing in order to further its investment strategy and to roll out its recent acquisition – Adventure Bar Group (ABG).
-
NewsMowgli bullish on 2021 expansion
Mowgli Street Food retains a “fundamental belief in the dining out market” and continues to plan expansion for new openings in 2021.