Finance – Page 9
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NewsXP Factory delivers double-digit growth
The experiential leisure businesses achieved strong like-for-like growth across its Escape Hunt (+14.3%) and Boom Battle Bar (+17.4%) brands during the Christmas and New Year period
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NewsPizza Hut Restaurants close to rescue deal
Directional Capital, an investment firm which already controls much of Pizza Hut’s dine-in operations in Denmark and Sweden, is in advanced talks to acquire roughly 140 sites in the UK, Sky News reports
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NewsEG on the Move acquires 100 Applegreen fourcourts
Zuber Issa’s petrol fourcourts group is set to treble in size following the deal, which includes 40 foodservice concessions
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NewsFestive trading at JW Lees up 10.3%
Food sales were up 12.7%, with drink sales +10.3%, however accommodation sales were down by 2.7%, due to the slowdown in staycations and closure of the port of Holyhead.
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Weekend PressGreggs’ snacks provide sustenance for investors too
The inherent strengths of Greggs leave the exceptional business well-positioned to come through economic challenges relatively unscathed, the Financial Times reports
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NewsArc Inspirations toasts record festive trading
Sales at the bar group grew 10.8% over the five-week festive period, while the business recorded its highest ever sales week in December, with total sales of £2m
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NewsThe Wolseley Hospitality Group posts losses of £8.7m
The Minor Hotels-backed group invested heavilty during the period, opening seafood concept Manzi’s in Soho and The Wolseley City, bringing its estate to nine restaurants
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NewsGreggs surpasses £2bn sales
Total sales in FY24 up 11.3% on the previous year and like-for-likes up 5.5%, although the retailer reported a more subdued consumer backdrop in the second half
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NewsGDK sales surpass £160m
Parent company Hero Brands said the kebab chain will continue to expand globally, while fried chicken concept Sides will roll out 200 UK sites over the next decade
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NewsRare Restaurants sees turnover up but losses widen
Since the year end, the Gaucho restaurant operator has continued to ”outperform market measures”, with strong like-for-like growth through the Christmas period and a positive start to 2025, marketing director Mark Sansom tells MCA
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NewsJKS Restaurants achieves £73m turnover
The multi-brand group, which operates c25 restaurants across the UK and Middle East, has continued to introduce new concepts while expanding existing ones
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NewsThe Alchemist celebrates record year
The bar group’s sales surpassed £60m for the first time, bolstered by its first overseas outpost in Berlin, with plans to step up international expansion this year
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NewsNWTC Christmas trading up 5.5%
The strong trading comes after a CVA in October 2024, with three non-profitable sites to close in January, but customers responding well to site conversions
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NewsO2 reports record sales
The AEG and Crosstree owned arena had more than 10m visitors in 2024, with sales across F&B, retail and leisure up 6%
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NewsState of Play delivers strong growth
The experiential operator of Hijingo, Bounce, and Flight Club North America achieved a 33% jump in group revenue to £47m, with the UK contributing £15m
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Analysis & InsightFestive cheer or fear – how is the hospitality industry feeling about 2025?
Many hospitality businesses are trying their best not to put price increases on the customer, but for some this will be inevitable, writes Benjamin Wiles, managing director at Kroll financial advisory
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NewsPure reduces losses and continues to focus on B2B channel
The food to go retailer and caterer said travel strikes during 2023 could not stop the momentum of its growing catering business which now makes up 35% of overall sales
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NewsUpham Group exploring funding options
The pub group is “optimitistic” it will secure the funding needed to complete on several acquisitions early in the New Year, director David Butcher tells MCA
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NewsEataly sees losses widen
The Italian food hall operator, which runs a single site in London’s Bishopsgate, surpassed £26m in turnover but suffered from a rise in energy costs
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NewsGravity reports loss as it continues to scale
Openings in Liverpool One, Warrington, and Westfield Stratford offered additional revenue for the leisure and activity park operator, albeit it reported a loss of £13.4m