All articles by Finn Scott-Delany – Page 30
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NewsFever-Tree grows global trade amid home decline
UK revenues at Fever-Tree declined by 22% to £103m in 2020, though this mostly was offset by growth in Europe and the US, leading to a more modest global decline of 3%, and total revenues of £252m.
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NewsBrewDog eyes Wapping Power station for brewpub concept
BrewDog is hoping to turn a former industrial unit into a new brewpub concept, MCA understands.
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NewsThunderbird secures former Bryon Earls Court site
Thunderbird Fried Chicken has secured its fourth bricks and mortar site, which CEO Paul Gilchrist told MCA was the first under its revamped brand identity.
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NewsMercato Metropolitano announces £35m expansion plan
Community food market business Mercato Metropolitano has announced plans for a £35m expansion across London, Europe and the US.
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NewsDishoom secures £8m in loans
Dishoom secured a £5m loan from the Coronavirus Large Business Interruption (CLBIL) scheme, as well as a £3m loan from shareholders, to help is get through lockdown, documents filed at Companies House reveal.
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NewsSarah Willingham on the ‘once in a lifetime opportunity’ for the bar sector
Nightcap CEO Sarah Willingham has said she hopes her newly listed late-night group will come the go-to fund for distressed but sound businesses needing to restructure.
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NewsShareholders inject £13m into Yo!
The parent company of Yo! secured £13m in shareholder funding in September 2020 to repay bank debt.
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Analysis & InsightVast majority cannot survive without further support - poll
The vast majority of operators (79%) cannot survive a lockdown until May without further government support, Lumina Intelligence’s Hospitality Leaders Poll reveals.
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InterviewsWill Beckett: New wave of quality and innovation will follow pandemic
Hawksmoor CEO Will Beckett has predicted the post-pandemic restaurant scene will be focussed on quality and innovation, which will see a new a generation of young, talented operators coming through the ranks.
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NewsRed Oak Taverns acquires three pubs
Red Oak Taverns, the independent pub operator, has completed the acquisition of three pubs from Reclamation Inns for an undisclosed sum.
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NewsBurger King drives through recovery
Burger King UK has “recovered significantly” from the impact of coronavirus, due to its ability to trade through lockdowns, and drive through restaurants.
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NewsHop Vietnamese acquired by founder in accelerated sale
Hop Vietnamese has been acquired in an accelerated sales process to a new entity controlled by founder Paul Hopper.
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NewsWetherspoon raises £93.7m in new equity
J D Wetherspoon has raised £93.7m investment following a share placing, which it help with low sales upon reopening, and acquisitions in London.
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NewsWetherspoon seeks £94m in share placing
Wetherspoon has announced plans for an equity placing to raise proceeds of up to £93.7m.
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NewsGiggling Squid proves ‘off-site trading model’
Giggling Squid is currently in a “strong financial position” and “trading well given its regional bias” as it heads into winter, according to its latest financial accounts.
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NewsPizza Express exits further 23 sites
Pizza Express has closed an additional 23 sites, on top of the 74 sites exited as part of the company voluntary arrangement (CVA).
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NewsLandsec: £35m of December rent outstanding
Land Securities has updated on its December quarter rent collection, with £35m outstanding.
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NewsLeon reshuffles finance team
Leon chief financial officer Antony Perring is stepping down to be replaced by his long-standing deputy Chris Burford.
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NewsCloud-kitchen secures £1.47m funding
Kitchen Ventures, a cloud kitchen start-up from Rum Kitchen founder Jonny Boud, has received $2M (£1.47m) in seed funding, led by London Impact Ventures.
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NewsCosmo appoints Sierankowski COO
Cosmo, the all you can eat world buffet restaurant group, has appointed Roman Sierankowski as chief operating officer.