Finance – Page 29
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NewsMcWin acquires Big Mamma valuing it at €270m
The 23-strong Italian-inspired trattoria group will continue to expand across Europe, and look to new locations such as the United States and Middle East following the majority investment from McWin, which also backs Gail’s and White Rabbit Projects
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NewsGravity sees revenue recover
The retail, leisure, and entertainment concept reported revenue of £25m in 2022 - up 75.3% from the prior year - as it prepares to open a further 10 locations
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NewsYO! returns to profit
The sushi restaurant and supermarket kiosk operator saw a strong rebound in footfall post-pandemic, with adjusted EBITDA increasing to £7.4m
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NewsAmber Taverns plans 14-16 new openings this year
The community wet-led pub operator reported a 70% increase in revenue to £95.7m in FY2023
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NewsTRG announces sale of Leisure business to Big Table Group
The Big Table Group will take over the division, principally consisting of the Frankie & Benny’s and Chiquito brands, in a deal expected to complete in October - with TRG paying a cash contribution of £7.5m as part of the transaction
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NewsHostmore CFO steps down
Alan Clark leaves following a difficult financial period for the TGI Fridays operator, where it posted losses of £91m and announced a series of cost reduction measures
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NewsHonest Burgers seeks investment for QSR spin-off
Off the back of its smashed burger product, Honest is tapping up customers for funds on Crowdcube, in the hope of taking on bigger burger brands
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NewsThe Restaurant Group deliver strong sales growth
The group said it has made “significant progress” in the first eight months of the year, delivering strong like-for-like sales growth despite the consumer backdrop
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NewsBill’s delivers highest ever lfl sales
The group has reported half-year results for the six months ended 30 June, delivering its highest ever like-for-like sales of £45.3m at current trading sites
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NewsWolseley Hospitality Group posts record turnover
The group generated turnover of £53.7m, reflecting a strong post-pandemic return as it prepares to open The Wolseley City later this year and considers international expansion opportunities
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NewsSushi Daily committed to growing kiosk business
The sushi kiosk concept operates more than 150 kiosks in the UK, with parent company KellyDeli reporting turnover of €451.9m in 2022
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NewsPuttshack looks to US for revenue boost
The experiential mini golf concept said geographic diversification has mitigated UK-specific concerns, with revenue of £55.4m in 2022 attributed to new openings
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InterviewsHeart with Smart: ‘Our business is robust’
CEO Jens Hofma hit back at reports suggesting an uncertain future at the Pizza Hut Restaurants operator, telling MCA trading is “improving rapidly”
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NewsHeart with Smart confident of agreeing refinancing
The Pizza Hut Restaurants operator has agreed a temporary covenant structure while it negotiates with its lenders
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NewsDishoom expects full profit recovery in 2023
The company said although profitability was not at pre-pandemic levels in 2022, there was an improvement in underlying profit margins vs FY21
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NewsBreal Capital acquires Brew By Numbers
The pre-pack acquisition of the craft brewery and bar operator is the latest deal for the private equity firm, which has also snapped up Vinoteca, Black Sheep Brewery and Brick Brewery
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NewsSubway reaches £7.6bn deal with Roark Capital
The agreement, which ends the founding families control of the sandwich giant, includes debt and is subject to financial performance milestones
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Interviewsitsu reports record sales in last 8-12 weeks
Directors Greg Thorpe and Neil Miller break down the sales resurgence at the food to go brand, regional profiles across the estate, and the next steps in its digital journey
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NewsCoffee#1 reports ‘excellent’ sales growth
The Nero-owned coffee shop business reported Q4 like-for-like sales up 117% versus pre-pandemic levels
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NewsCost increases boost turnover at Pret franchise
Chesterford Group’s pre-tax profits fell in 2022 due to the costs of setting up the Pret franchise business subsidary, Joy Brands