Finance – Page 88
-
NewsChopstix boosts turnover to £64m
The Asian-inspired QSR chain said it has been able to achieve resilient revenue growth despite a challenged backdrop, with strong sales and tight cost control
-
NewsPunch Pubs reports strong trading and profit growth
The pub company remains on track to reach an adjusted run-rate EBITDA of £99.8m, with all three divisions delivering like-for-like growth
-
![Popeyes 20112021-123_(1)[1]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/4/4/0/349440_popeyes20112021123_11_150872.jpg)
NewsPopeyes UK achieves £2.4m average site sales
After surpassing 65 units, the QSR brand has grown nearly 75% year-on-year, according to an update from parent company Restaurant Brands International
-
NewsValentine’s Day bookings up by 7%
Bookings for tables of two are up 15%, although the Galentine’s Day trend may be waning, according to payments company Dojo
-
NewsBagel Factory targeting 40 locations this year
The 34-site business, owned by Italian food group Cremonini, reported a “significantly improved” performance in 2023, with turnover up 57.6% to £4.8m, according to its latest accounts.
-
NewsFortress acquisition marks ‘new chapter’ for Loungers
Fortress has completed its acquisition of the hospitality group for £354.4m, with Loungers looking forward to accelerating its growth under new ownership
-
NewsCosta drives down Coca-Cola’s coffee revenues
Costa Coffee’s performance in the UK led to a 3% decline in full year coffee revenue for parent company Coca-Cola
-
NewsMcDonald’s names UK as one of most ‘challenged’ markets
The company’s Q4 results were partly offset by negative comparable sales in some markets, led by the UK, with new initiatives implemented to drive performance
-
NewsHospitality spending grows despite consumer caution
Pubs, bars & clubs, and restaurants recorded 2.6% year-on-year growth in January, according to the latest Barclays Consumer Spend report
-
NewsCornish Bakery accelerating expansion this year
The business has opened six new sites with “a further five under offer”, since its year end in May 2024, and is on target to achieve a significant uplift in EBITDA, to reach in excess of £5m in FY24/25
-
NewsPernod Ricard cuts sales outlook on tariff uncertainty
The French spirits group has been hit by slump in Chinese demand for cognac following anti-dumping measures
-
InterviewsLoungers deal ends years of frustration over share price
Management did “all we could” to boost the Lounge and Cosy Club operator’s standing on the public markets, but in the end its ‘take private’ deal with Fortress offered the best result for shareholders, chairman Alex Reilley tells MCA
-
NewsRed Engine reports record-breaking Q4
The operator behind experiential concepts Flight Club and Electric Shuffle announced sales of £25.3m, up 24% on 2023, with plans to reach 39 venues by year end
-
NewsKFC UK sales up 5% in Q4
UK trading in the fourth quarter was an improvment on Q3’s 6% sales dip, while Yum! Brands reported KFC’s UK sales were down 1% for the full year
-
NewsKeystone Brewing Group acquires North Brewing Co
The investment vehicle, which was formed out of Breal Capital, added the Fourpure and Magic Rock brands to its growing portfolio last week
-
NewsFairgame completes multimillion-pound growth capital raise
The competitive socialising concept will launch a new venue in the City while pushing ahead with US expansion and international franchising
-
NewsNoble Hospitality Group revenue boosted by expansion
The parent company of Chotto Matte, Angus Steakhouse, and Alley Cats Pizza reported £54.2m revenue for the 18 months ended 30 April 2024
-
NewsDRG posts record turnover as it prepares for UK expansion
Scottish restaurant operator Di Maggio’s Restaurant Group (DRG) has posted a record turnover of £49.52m for the year ending April 2024, up £3.68m year-on-year
-
NewsNightcap acquires Brighton i360 viewing tower
The Sarah Willingham-led late night group will operate the viewing tower and hospitality areas of the attraction, in a “fresh start” for the i360
-
NewsWagamama issues £330m in senior debt
As part of a refinancing and new capital structure, The Restaurant Group has been split up into three separate divisions. A source said there were no imminent plans to break up the group