All Finance articles – Page 32
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Analysis & InsightPatisserie Holdings: Inevitable but still unbelievable
As Patisserie Holdings called in administrators, with 70 sites to close, James Wallin reflects on the sad conclusion to a sorry tale, and why the trashing of Luke Johnson’s reputation does no favours for the sector.
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NewsPatisserie Holdings calls in administrators
Patisserie Holdings is calling in administrators after being unable to renew its bank facilities, with 70 of its c200-odd sites to close.
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NewsPizza Hut franchisee in administration
Four Pizza Hut takeaway restaurants have closed after franchisee J&R Pizza Limited went into administration, MCA has learnt.
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NewsEx-MAD FD takes on Manchester bars
The former finance director of Mark Andrew Developments (MAD) Ltd has taken on a collection of the former Manchester bar group sites after it went into liquidation.
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Opinion
Crowdfunding round-up
The latest investment news from the crowd, including Three Joes, Breakfast Club, Pachamama and Matt Gillan.
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NewsAnalysts corner: City Pub Company
Following its 2018 trading update, analysts at Liberum and Berenberg share their views on City Pub Company’s performance.
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NewsPatisserie Holdings: Ledgers contained thousands of false entries
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.
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NewsOlvin secures £1.5 seed investment round
Olvin, an analytics platform for bar operators and the wider drinks trade, has secured £1.55m seed round of investment led by Brainchild Ventures and Novator Partners.
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NewsAnalysts corner: Berenberg on pubs
On the back of varied performance by the multiple pub operators last year, Berenberg lays out its key areas of focus in the sector this year and looks at how the pub chains might fare.
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NewsOakman achieves 8.5% rise in YTD lfls
Oakman Inns has achieved an 8.5% increase in like-for-like sales during the 40 weeks to 6 January, including an 8.5% rise over the five-week festive period.
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NewsFlat Iron secures £5m funding from ThinCats
Flat Iron, the Piper-backed steak restaurant group, has secured a £5m funding package from ThinCats to support of its growth plans.
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NewsBruce Pubs admitted to NEX Exchange Growth Market
Bruce Pubs, a subsidiary of Bruce Group Scotland, has listed on the NEX Exchange Growth Market.
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NewsFuel Juice closes four, posts c£1m loss
Fuel Juice Bars, the Kings Park Capital-backed concept, has closed a further four sites since entering into a CVA just over a year ago.
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NewsStarbucks scales back speciality ambitions
Starbucks chief executive Kevin Johnson has scaled down his predecessor’s aspirations to open 1,000 of its speciality-style Reserve format coffee shops.
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NewsChristmas trading update, part 2
With January now in full swing, and many more operators having crunched the numbers, MCA takes another look at how the festive trading faired for the sector, with strong like-for-like growth reported by many. Featuring Brasserie Bar Co, Crussh, Arc inspirations and Dirty Martini
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NewsThree Joes exceeds 80% of £400k crowdfund goal in 24 hours
Three Joes, the pizza concept from POD co-founders Tim Hall and Emma Blackmore, and former Byron operations director, Peter Bruton, has raised more than 80% of its £400,000 crowdfunding target with 24 hours of its launch on Crowdcube.
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NewsCoca-Cola completes Costa acquisition
The Coca-Cola Company has completed its acquisition of Costa Limited from Whitbread PLC, it was announced yesterday.
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NewsMcMullen to add at least four to managed estate in 2019
McMullen is looking to grow its managed pub estate by at least four sites in 2019, MCA has learnt.
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NewsBurning Night to be 'cleaned up' ahead of trade sale
Burning Night Group’s venues, which were bought out of administration over the Christmas holidays, will be held by buyer Access Commercial Finance for at least 12 months while the business is ‘cleaned up’, before a trade sale is considered, MCA has learnt.
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NewsGusto reports positive trading outlook despite hit to operating loss
Gusto Italian has seen a good trading performance for the year to date, with like-for-like sales in December up 7%, in what managing director Matt Snell described to MCA as “a stellar performance”.