All articles by Finn Scott-Delany – Page 4
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NewsRevolution sees Peach Pubs boost
The bar and pub group grew turnover to £150m, but a challenged late-night bars sector left like-for-like sales down -8.7%
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NewsBurger King UK secures £35m investment
The Burger King master franchise business secured new funding from existing backer Bridgepoint, while confirming plans to add over 60 restaurants over the next two years. Meanwhile 2022 revenues were up 39% to £294.5m
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Analysis & InsightTRG/Apollo: ‘It’s rather cheap’
Following a bid for The Restaurant Group to be taken private by US private equity giant Apollo Global Management, MCA hears from analysts and commentators about their verdict on the proposed £506m cash deal
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NewsTRG to be taken private in £506m deal
The Restaurant Group has reached an agreement with Apollo Global Management for an all cash acquisition, representing an EBITDA multiple of x9
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InterviewsHonest Burgers: ‘We have QSR firepower’
As the burger brand launches a crowdfund to support its new premium QSR concept Honest Smashed, CEO Frank Hayes explains how the new format is built for speed and maximum output to compete with the likes of Five Guys and Shake Shack
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NewsPatty & Bun CVA approved
A majority of 84.3% creditors voted in favour of the Company Voluntary Arrangement, with 15.6% against, after some modifications were made
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NewsComptoir counts cost of ‘exceptional challenges’
The Lebanese-inspired restaurant group blamed cost of living pressures, inflation, rail stikes, poor weather and a lack of state support for a decrease in profits
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InterviewsAmber Taverns open to equity investment
The wet-led community pub operator is benefiting from a struggling high street retail sector and high interest rates as it builds its pipeline
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NewsYO! returns to profit
The sushi restaurant and supermarket kiosk operator saw a strong rebound in footfall post-pandemic, with adjusted EBITDA increasing to £7.4m
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NewsChick-fil-A announces UK return
The fried chicken chain will relaunch in 2025 with an initial five sites, following its departure in 2019 amid LGBT protests
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NewsAmber Taverns plans 14-16 new openings this year
The community wet-led pub operator reported a 70% increase in revenue to £95.7m in FY2023
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InterviewsLoungers: ‘We must remember what it’s like to be a small business’
As the all-day operator marks the milestone of 200 sites under its Lounge concept, chairman and co-founder Alex Reilley speaks to MCA about the big target of reaching 600 locations, and how the business’ leaders are adapting to a larger profile as the company expands its footprint in high streets across the nation
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Analysis & InsightTRG’s leisure disposal ‘removes poison pill’
The Restaurant Group’s offloading of its leisure business was hailed for its “strong strategic rationale”, while the sites “may do better” under The Big Table Group, according to analysts
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NewsHonest Burgers seeks investment for QSR spin-off
Off the back of its smashed burger product, Honest is tapping up customers for funds on Crowdcube, in the hope of taking on bigger burger brands
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InterviewsJeremy King on his return to hospitality: ‘There was no dilemma’
As he announces his first new restaurants since his departure from Corbin & King, Jeremy King sits down with MCA to discuss the allure of all-day grand cafes, why he strives for egalitarianism in his restaurants, and why his next project will be a contemporary, American-inspired affair
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InterviewsJeremy King: ‘People were amazingly fond of Le Caprice’
The restaurateur, who ran the iconic destination with partner Chris Corbin during its 1980s heyday, speaks to MCA about bringing back Le Caprice and celebrating what made it a successful restaurant in the first place
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InterviewsHeart with Smart: ‘Our business is robust’
CEO Jens Hofma hit back at reports suggesting an uncertain future at the Pizza Hut Restaurants operator, telling MCA trading is “improving rapidly”
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NewsHeart with Smart confident of agreeing refinancing
The Pizza Hut Restaurants operator has agreed a temporary covenant structure while it negotiates with its lenders
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NewsDishoom expects full profit recovery in 2023
The company said although profitability was not at pre-pandemic levels in 2022, there was an improvement in underlying profit margins vs FY21
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Interviewsitsu reports record sales in last 8-12 weeks
Directors Greg Thorpe and Neil Miller break down the sales resurgence at the food to go brand, regional profiles across the estate, and the next steps in its digital journey