Finance – Page 60
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NewsNero Group acquires remaining stake in Coffee#1
The group has reached an agreement to acquire SA Brain’s remaining 33% stake in Coffee#1
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NewsAmerican fund Knighthead lodges fresh bid to join Wolseley’s top table
The US-based fund is trying to break an impasse over the future of some of Corbin & King by tabling a fresh offer to extract it from insolvency proceedings, Sky News reports
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NewsOakman completes £29m refinance of freehold estate
The pub group also said it had secured is its “strongest ever pipeline” of new sites, which will increase the size of the estate by some 25%
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NewsJollibee ramps up global expansion
The Philippines foodservice group will look to open 500 sites worldwide in 2022, as it recovers from the pandemic
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NewsKFC parent co toasts strongest growth in history
The UK estate, which accounts for 7% of overall KFC system sales, saw a 38% rise in sales for the full year in 2021
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NewsWells & Co reports £8m revenue drop
The fifth-generation brewer and pub operator has continued to grow its managed estate and is targeting 50 sites by the end of 2022
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NewsBrasserie Bar Co acquired by Alchemy for £40m
The deal will support plans to grow the group’s pubs business from 18 sites to 70 over the next five years
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NewsSSP revenues take a hit from Omicron
Revenues at the food and beverage travel outlet operator were down to 57% of 2019 levels in the most recent eight-week trading period
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NewsRecovery on track for Shaftesbury
Following a short-term period of disruption over Christmas, visitors and workers are returning to the West End, said the real estate investment trust
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NewsJoe & the Juice receives £34.7m cash injection
The parent company of the Danish juice and healthy food concept raised the money last year through a capital injection from shareholders and bank borrowings
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NewsHickory’s makes gains on pre-pandemic levels
Like-for-like sales at the Piper-backed barbecue restaurant group are up 40% since May 2021.
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NewsBusaba profits £2.87m year after CVA
The Thai-inspired casual dining operator said its balance sheet had been favourably impacted by the write off of supplier debts in the CVA
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NewsUrban Pubs & Bars extends banking facility
The London-based operator has extended its facility with Barclay’s to £6m to help support its expansion
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NewsGrind contains losses to £1.2m
The company has completed a “significant equity investment” round which has strengthened its balance sheet and provided funds to scale the group in the UK and internationally
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NewsDaisy Green eyes expansion
The Antipodean café operator plans to open two to three sites per year, as well as expand its direct to consumer business, having raised £2.6m in equity capital
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NewsArc Inspirations secures £14m arrangement with HSBC
It includes a separate £5m facility to underpin the group’s expansion and growth
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NewsUK contributes to strong lfl growth for McDonald’s
Strong sales at McDonald’s UK & Ireland have contributed to significant like-for-like growth in the global fast-food chain’s international markets.
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NewsFuller’s: Strong desire to return to city
The pub company has reported improved trading since the new year, having gained further momentum with the lifting of restrictions in England
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NewsKnighthead tables £38m rescue deal for Corbin & King
The US fund has reportedly told administrators to Corbin & King it is prepared to refinance all outstanding loans owed to majority investor Minor International
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NewsBlack Sheep backed by Future Fund
The speciality coffee shop operator is one of more than 100 British companies the UK taxpayer has become a shareholder in