Finance – Page 9
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NewsEvolv Collection acquires Vinoteca
The Evolv Collection has acquired London wine bar group Vinoteca. Both businesses are backed by Breal Capital, but Evolv confirmed to MCA that it was a normal cash acquisition rather than a portfolio restructure.
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NewsChipotle: ‘We continue to believe Europe is a big opportunity’
The US-based Mexican fast casual chain is set to open new restaurants in the region next year after making ‘great strides in culinary and operational execution’
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NewsStarbucks returns to growth after seven quarters of decline
The coffee giant reported a return to comparable sales growth in Q4 FY25, having closed more than 600 stores as part of its restructuring, including 10 in the UK
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NewsInn Collection aiming to grow to 40 sites by 2030
The North-East based group is also looking to create more than 700 jobs as part of the five-year growth plan, which comes after it secured £125m in funding from HSBC
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NewsUrban Pubs & Bars acquires Albion & East
The Davidson Kempner and Global Mutual-backed pub and bar group said the acquisition of four venues in the capital strengthens its position as ‘London’s leading independent pub group’
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NewsFlat September for restaurants’ at-home sales
September’s delivery sales were 4.1% ahead of last year on a comparative basis, data from CGA by NIQ shows, while takeaway and click-and-collect sales dropped 8.7%
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NewsGordon Ramsay Restaurants grapples with challenges in casual dining as losses widen
The world-famous chef’s restaurant empire saw pre-tax losses rise from £3.4m to £12.6m in its latest financial results despite reporting record revenues and the group’s highest ever EBITDA
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NewsBusiness rates surcharge could cause closures, UKH warns
The trade body has untied with the British Retail Consortium to warn that the planned surcharge could leave hundreds of high street properties at risk of closure
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InterviewsSandwich Sandwich: ‘Grab and go is the future of the business’
Founder Nick Kleiner tells MCA the brand will open its first grab and go location focusing on pre-made sandwiches in London in the coming months and is also scoping out further international opportunities
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NewsIncipio Group delivers 22% like-for-like growth
The London bar-restaurant group reported a strong 2024, with its upcoming venues at the Olympia development set to double the group’s turnover
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NewsKKR in talks over Costa takeover
The American investment giant, which has attracted activist boycotts over its links to Israelli cyber-security, is in talks to buy the Coca-Cola owned coffee company
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Analysis & InsightSugary drinks could face further levies as ‘sin tax’ receipts fall
Research from UHY Hacker Young shows ‘sin taxes’ contributed 2.8% of total tax revenues in 2024/25, down from 4.3% in 2015/16, amid long-term shifts in tobacco and alcohol consumption
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NewsStarbucks UK set to close 10 stores
The coffee giant is set to shutter 10 stores by the end of the month, after announcing plans for closures as part of a $1bn restructuring
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Weekend PressIs karaoke a cultural attraction? The UK taxman thinks not
Karaoke chain Lucky Voice is locked in a dispute with HMRC to claw back £250,000, claiming it should have qualified for a reduced tax rate during the pandemic, The Sunday Times reports
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NewsPunch Pubs sees ‘strong uplift’ from conversions
CFO Steve Dando commented on increased profitability from sites converted to the pub partnerships model, while saying the business remains ‘opportunistic’ on acquisitions
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NewsUrban Village looks to secure EIS liquidity requirement
The 10-strong operator has appointed Savills to conduct a strategic review as the 10-site operator seeks a liquidity event for Enterprise Investment Scheme investors
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Analysis & InsightFlat September for hospitality as groups deliver like-for-like sales growth of 0.2%
Britain’s top restaurant, pub and bar groups delivered a second period of fractional growth in a row and only the fourth positive month since the start of 2025
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NewsPunch grows EBITDA by 8%
The comunity pub group is seeing the benefits of maturing profits from pubs converted to its Partnership model, trade enhancing capex investments and inflationary price increases
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NewsZuma and Roka owner enters partnership with Abu Dhabi luxury hospitality investment company
Azumi has entered into a partnership with DIAFA, which will mark a ‘new era of global growth’ alongside existing partner Doğuş Hospitality
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NewsRevel Collective launches formal sales process
The pub and bars business is facing a ‘continued period of external challenges’ and has warned it risks breaching its banking limits in the new year