Finance News

Just Eat ketchup

Plumb to step down as CEO and director of Just Eat

21 Jan 2019

Peter Plumb is to step down as chief executive officer and director of Just Eat, with chief customer officer Peter Duffy appointed as interim CEO and director of the company, with immediate effect.

Otherworld

Imbiba invests in new virtual reality concept

19 Jan 2019

Imbiba has unveiled its latest investment – backing the creation of a new immersive entertainment concept from the Dream Corporation.

Shamil

Dishoom: Third way advocate

18 Jan 2019

With the opening of their latest (and current favourite) site in Manchester, has Dishoom made the step up to national operator? Not quite, according to co-founder and chief babu Shamil Thakrar, who spoke to Finn Scott-Delany.

Honest Burgers

Honest Burgers festive lfls up 22.2%

18 Jan 2019

Honest Burgers saw like-for-like sales grow 22.2% in the three weeks to 6 January, the company has told MCA.

The Broadwick, Richoux Group

Richoux board bids to go private

18 Jan 2019

Richoux Group plans to cancel trading in its shares on AIM and re-register as a private company.

Alison Brittain

Whitbread f&b sales down 2.2% in YTD

17 Jan 2019

Whitbread has delivered its first trading update since the £3.9bn sale of Costa to Coca-Cola, reporting like-for-like sales across its remaining estate down 0.6%.

Patisserie Valerie

Patisserie Holdings: Ledgers contained thousands of false entries

16 Jan 2019

Patisserie Holdings is working with KPMG to examine “all options” open to the beleaguered chain after investigations into its accounts revealed the picture was worse than first anticipated.

ZA by PizzaExpress

PizzaExpress to launch spin-off brand, ZA

16 Jan 2019

PizzaExpress is to launch spin-off brand, ZA, next month with an all-dining offer centred around pizza slices, MCA has learnt.

flat iron steak

Flat Iron secures £5m funding from ThinCats

14 Jan 2019

Flat Iron, the Piper-backed steak restaurant group, has secured a £5m funding package from ThinCats to support of its growth plans.

Revolution Bars Group

Playing hard to get

11 Oct 2018

The board of Revolution Bars Group has once again rejected the possibility of a deal with Deltic. James Wallin looks at what was actually being discussed, gauges the thoughts of Revolution shareholders and asks what’s next for the key participants, as well as former suitor Stonegate.

Vagabond

Draft House deal gives paws for thought on BrewDog

27 Mar 2018

Yesterday’s announcement that BrewDog had acquired the 14-strong Draft House estate is the latest twist in the endlessly entertaining story of the Scottish upstart. MCA editor James Wallin discusses what this means for wider perceptions of BrewDog, as well as the implications for Draft House as a brand.

Peter Marks

Marks’ theory on Revolution

15 Aug 2017

Deltic Group chief executive Peter Marks talks to MCA about the group’s proposal to merge with Revolution Bars Group to create a 125-strong “powerhouse” late-night operator.

Stonegate

In the mixer

01 Aug 2017

When Revolution Bar Group’s shares plummeted nearly 40% back in May it felt very much like a case of when, rather than if, Stonegate Pub Company would make its move for the Mark McQuater-led bar chain. With that steep decline in share price in mind, Stonegate’s 200p a share offer looks likely to lead to a positive outcome for all involved

Admiral Taverns

Inside Track: Admiral intentions

13 Jul 2017

Do the bids for Admiral Taverns show that after years in the shadows of managed pubs and casual dining, that tenanted pubs are now back at the centre of M&A activity? MCA deputy editor James Wallin looks at why the segment is so attractive for investors at the moment, what a bid for Admiral could mean for the wider sector and who could be next.

Peter Hansen at The Pub Conference

Where are the next M&A deals?

18 Apr 2017

The Government has thrown many obstacles at pub operators from Brexit, the introduction of the national living wage, the market-rent-only (MRO) option and a new tax on soft drinks. Peter Hansen gives us his expert view on the market and his advice on the possibility of future M&A activity

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