Finance – Page 109
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NewsLoungers outperforms market with 6.9% LFL growth
Loungers, the listed café-bar group, has reported like for like sales growth of 6.9%, as it continues to outperform the wider hospitality market.
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NewsDeep Blue acquires Harry Ramsden’s from Boparan
Deep Blue Restaurants has acquired Harry Ramsden’s from Boparan Restaurant Group (BRG). The transaction sees the 25-strong Deep Blue take over the entire estate of the Harry Ramsden brand, debt free, which includes outlets in 34 locations across the UK, Ireland and Malaysia. BRG will retain an interest in the ...
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NewsBird sold in pre-pack to Crown Partnership
Fried chicken and waffle concept Bird has been sold in a pre-pack administration to the hospitality and catering business Crown Partnership, MCA has learnt.
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OpinionAnalysts’ verdict: Berenberg on Greene King
Analysts at Berenberg have said they expect the acquisition of Greene King by CK Asset Holdings to be approved by shareholders and as a result has upgraded its rating to ‘hold’ and increased its price target to the offer price.
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NewsUS franchise entrepreneur swoops on Wrap it Up
US restaurant executive and investor Aziz Hashim has bought a majority stake in World Gourmet Restaurants, the operator of grab and go franchise Wrap it Up!, MCA can reveal.
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NewsBounce-operator appoints PE director
Social Entertainment Ventures (SEV), Adam Breeden’s competitive socialising company, has appointed Acropolis Capital CEO Cameron Chartouni as a director, MCA understands.
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OpinionAnalysts’ verdict: Greene King
Following the news that Greene King could be acquired by Hong Kong-based property developer CK Asset Holdings yesterday, analysts from JP Morgan, Morgan Stanley, and Goodbody give their views on the deal and what it represents for the sector.
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OpinionAnalysts’ verdict: Berenberg on Domino’s
Following the publication of Domino’s first half results earlier this month, analysts from Berenberg share their thoughts on the challenges it faces.
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NewsBid for Greene King valued at c.£4.6bn
Greene King has received an offer to acquire the business from CK Bidco – a newly incorporated wholly-owned indirect subsidiary of Hong Kong-based property developer CK Asset Holdings (CKA), in a deal valued at c.£4.6bn.
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NewsCabana calls in administrators, sold to Hush
Cabana Restaurants, the Jamie Barber-led Brazilian barbecue brand, has appointed administrators, with five sites sold to Hush Brasseries, another Barber-led group.
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NewsSukhothai undergoes partial MBO
Thai casual dining group Sukhothai has undergone a partial management buy-out (MBO), with the current management team joining founders Gerrard Marks and Yupha (Ban) Kaewkraikhot as shareholders.
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NewsDate announced for EiG/Stonegate merger vote
Ei Group (EiG) shareholders are to vote on the proposed merger with Stonegate on 12 September.
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NewsDirty Martini cleans up with sales hike
Dirty Martini has reported a like for like sales uplift of 12% for the 13 weeks to 28 July. The performance of its regional sites was particularly strong, with sales up 19.4% compared to a jump of 6.6% in London.
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NewsBrewDog considering bond payment in beer
BrewDog founder James Watt has floated the idea of issuing a £10m bond where lenders would be partly paid in beer. As reported by Yahoo Finance, Watt posted on the brewery’s investor forum the suggestion that the bond would feature both financial returns and beverages. “We are considering another £10m ...
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NewsBarburrito reduces losses after ramping up EBITDA
Mexican fast-casual chain Barburrito has reported a 5% increase in turnover for the 53-week period ended 31 March 2019.
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NewsPaul UK sees lfls up 3.4% in 2018
Paul UK has seen strong turnover and like-for-likes sales growth in the full-year to 31 December 2018, across its 37-strong estate of shops, boosted by an uptick in online revenue.
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NewsBruce Pubs withdraws bonds from the NEX Exchange
Scottish operator Bruce Pubs has withdrawn its company’s bonds from trading on the NEX Exchange, only eight months after being admitted.
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NewsAdnams losses widen as it overhauls systems
Suffolk brewer Adnams made a loss of £939,000 for the first six months of 2019, as it overhauled its 30-year-old core systems.
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NewsBoxpark appoints KPMG to review investment options
Boxpark has appointed KPMG Corporate Finance to review investment options to expand the business nationwide and internationally, following recent interest from prospective partners.
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NewsDishoom sees profits leap in 2018
Dishoom has reported a jump in profit before tax, from £0.9m in 2017 to £2.3m for the 52 weeks to 30 December 2018.