Finance – Page 191
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NewsLV’s Artisan reports double-digit sales growth
Artisan, the casual-dining bar restaurant site from Living Ventures, experienced double-digit growth in the year to 31 March 2015
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News
FY lfls up 6.9% Gusto
Gusto has reported a 6.9% rise in like-for-like sales for the year to 31 March 2015, with overall sales up 22% to £18.2m.
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NewsABInBev acquires Camden Town Brewery
AB InBev has acquired Camden Town Brewery in a deal which it says will “pave the way for further growth and expansion”.
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NewsLivingbridge acquires stake in Le Bistrot Pierre
Livingbridge has acquired a significant minority stake in Le Bistrot Pierre, in a deal that is thought to value the 14-strong chain at c£22m
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News
Analyst corner: UBS on TRG
UBS has initiated its coverage of The Restaurant Group (TRG) at a BUY and with a target price of 860p
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News
Sourced Market extends Crowdcube campaign
Sourced Market, the casual dining famer’s market concept, has extended its Crowdcube campaign as it seeks to raise its ultimate target of £1.5m.
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News
Pure receives investment approaches
Pure has received approaches regarding new investment, as it looks to further expand in the capital
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News
Fulham Shore reports H1 revenue rise
Fulham Shore has this morning reported a rise in revenue from £5.5m to £13.9m in the six months ended 27 September 2015
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NewsLoungers reports record sales
Loungers, the all-day café, bar and restaurant group, reported record sales last week of £1.7m with like-for-like sales up 7.2%
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News
Sourced Market hits £750k crowdfunding target
Sourced Market, the hybrid casual dining-farmers market concept at London’s St Pancras Station, has hit its crowdfunding target of £750,000.
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NewsDomino’s forms JV to acquire Germany’s largest pizza delivery firm
Domino’s Pizza Group has formed a joint venture to acquire Joey’s Pizza, the largest pizza delivery operator in Germany
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NewsFY lfls up 3.8% at Starbucks UK
Starbucks UK reported a 3.8% rise in like-for-like sales in the 12 months to 27 September 2015
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News
Ex-Diageo CEO working on Peroni and Grolsch bid
Paul Walsh, the former chief executive of Diageo, is exploring a potential £2bn takeover of the Peroni and Grolsch brands, in conjunction with Prezzo-owner TPG Capital, writes Sky News. It reports that Walsh is in the early stages of working with TPG Capital on an offer for the brands, which ...
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News
JDW acquires Newcastle freehold for £5.6m
JD Wetherspoon has acquired the freehold of one of its pubs in Newcastle for £5.6m
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Analysis & Insight
Dialling up deal activity
2015 was yet another big year for deal activity in the restaurants and bars sector, says Kieran Lawton, M&A director at BDO.
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News
Virtual Jukebox receives new investment
Virtual Jukebox, the interactive music provider to the hospitality, retail and leisure sectors, has completed a fundraising that values the company at £3.34m
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Johnson: Too early to exit Bread Holdings
Serial sector investor Luke Johnson has told M&C’s sister title The Grocer that he is not planning an exit in Bread Holdings
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News
Analyst corner: Rollo on Whitbread
On the back of Whitbread’s Q3 update, Leading analyst Jamie Rollo at Morgan Stanley sets out some key questions for Whitbread’s management
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News
KKR makes CDG investment
KKR, the US private equity group, has supported a debt refinancing of the Casual Dining Group
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NewsStonegate sells investment in ex-TCG trio for c£30m
Stonegate Pub Company has sold three of the central London freehold sites it acquired from TCG earlier this year to CBRE Global Investors