Finance – Page 186
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Tesco eyes sales of non-core assets
Tesco is understood to have appointed advisors to oversee the sale of its non-core assets, including garden centre chain Dobbies, Giraffe and Harris + Hoole
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FY EBITDA up 0.4% at Richoux
The Richoux Group saw turnover for the year to 28 December 2014 climb 2.7% to £13m
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NewsCapricorn appoints advisors to explore options for GBK
Capricorn Ventures, the backer of Nando’s, has appointed advisors to explore options for its premium burger chain, Gourmet Burger Kitchen
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Camden Town secures new brewery premises
Camden Town Brewery has secured new brewery premises in Enfield
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Jascots founder bought out by management
Jascots Wine Merchants’ managing director and sales director have acquired a controlling stake in the company from founder Jack Scott.
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Innis & Gunn buys brewery, secures Glasgow pub site
Innis & Gunn has acquired the Inveralmond Brewery in Perth, Scotland, and has also secured a Glasgow site for its next Beer Kitchen.
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Eclectic buys Brighton Pier
Eclectic Bar Group, chaired by Luke Johnson, has entered a conditional agreement to buy Brighton Pier for £18m.
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Potential bidders circle London Fields Brewery
National and regional brewers as well as venture capital funds have al expressed an interest in London Fields Brewery, MCA understands.
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NewsLiberation set to complete refinancing by summer
Liberation Group chief executive Mark Crowther has told MCA there has been significant interest from potential bidders for the group and he expects its refinancing to be completed by the summer.
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Cote deal to represent high water mark for valuations
CBPE’s secondary sale of the Côte business to BC Partners for c£250m last summer will probably represent the high water mark for valuations in the casual-dining space
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Chapel Down confirms £1.7m crowdfunding success
The chief executive of Chapel Down’s beer and cider business, Curious Drinks, has said the company’s £1.7m crowdfund is “further testament to the revolution taking place in the British beer business”.
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NewsEx-Cote owner in Pizza Hut running
CBPE, the former owner of Cote is amongst a group of four parties reportedly in the running to acquire Pizza Hut Restaurants, which was placed on the market in February
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Zing Zing launches funding push
Zing Zing, the Chinese takeout concept, has launched a crowdfunding campaign as its looks to expand further across the capital.
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AG Barr: Government has no idea how sugar tax will work
AG Barr cheif executive Roger White has told MCA the Government has no idea how it implement a sugar tax and stressed the industry was already responding to shifts in consumer attitudes.
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NewsTasty gears up for expansion
Tasty, the Wildwood operator, has reported revenue up 20% for the year to 27 December to £35.8m.
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Adnams FY sales down 0.5%
Suffolk brewer and pub operator Adnams saw sales in the second half of its financial year to 31 December improve to end 0.5% down at £65.7m.
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SA Brain grows FY sales 3%
Welsh brewer, pub operator and coffee shop operator SA Brain has reported sales growth of 3% in the year to 26 September to £127m.
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Eclectic returns to profitability
Eclectic Bar Group, the listed late-night operator saw sales fall for the six months to 27 December but chairman Luke Johnson insisted positive progress was being made.
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London Cocktail Club pulls Crowdcube campaign
London Cocktail Club has abandoned its crowdfunding campaign, saying it had received several approaches from outside investors.