IPO
Coverage of public listing activity and investor sentiment across the foodservice, hospitality, and F&B sectors. This section reports on upcoming floats, share performance, business valuations, and leadership commentary related to companies preparing for or navigating life on the public markets. Designed for operators, executives, and financial stakeholders, it offers strategic insight into how IPOs affect funding, growth, and visibility within the UK and international hospitality landscape.
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Jun- 2025 -6 JuneCafes and Coffee Shops
Pret owner explores new investors ahead of possible IPO
Pret A Manger owner Jab Holding has reportedly engaged advisers to explore bringing in new investors for the business ahead of a public offering, according to the Financial Times (FT). People with direct knowledge revealed to the FT that Jab Holding, who acquired Pret in 2018 for £1.8m, is exploring…
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May- 2025 -27 MayFood and Drink
SSP Group HY revenues rise 12% to £1.7bn
Travel foodservice company, SSP Group, has seen its revenues rise 12% on a constant currency basis to £1.7bn for the half-year ended 31 March 2025, having seen like-for-like sales grow 5% during the period. Operating profits also rose by 31% on a constant currency basis to £45m during the period,…
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Jan- 2025 -27 JanuaryFood and Drink
SSP Group names incoming CFO
The operator of F&B sites in travel locations, SSP Group, has announced that Geert Verellen will join in early April 2025 as CFO designate, following deputy chief executive and CFO Jonathan Davies’ intention to retire. Davies has been the group chief financial officer of SSP since its original formation within…
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Dec- 2024 -11 DecemberNews-In-Brief
Today’s news in brief – 11/12/24
SSP Group has begun an IPO of Travel Food Services in India, in conjunction with its joint venture partner, K Hospitality Corp. Subject to regulatory approvals, the pricing and completion of the IPO is targeted to be in spring 2025. SSP acquired an initial stake in TFS in 2016 and…
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11 DecemberCatering Companies
SSP plans IPO in India of Travel Food Services Limited
Travel caterer SSP Group has announced the planned initial public offering (IPO) of Travel Food Services Limited in India, in conjunction with its joint venture partner, K Hospitality Corp. Subject to regulatory approvals, the pricing and completion of the IPO is targeted to be in spring 2025. It comes as…
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Sep- 2024 -10 SeptemberPeople
Revolution Bars Group appoints new non-exec chairman
Revolution Bars Group has announced the appointment of Luke Johnson to its board as non-executive chairman, following the retirement of Keith Edelman, who has held the role since February 2015. A well-known entrepreneur and investor, Johnson first established himself in the hospitality industry as chairman of and significant investor in…
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Apr- 2024 -24 AprilRestaurants
Tortilla revenues rise 14% to £65.7m in FY23
Tortilla has reported that revenues rose by 14% to £65.7m in the year to 31 December 2023, as it built on the momentum from the previous year’s record. Like-for-like revenues also grew 3.6% during the period, equivalent to 4.9% when adjusted for the Q1 VAT benefit from 2022. Meanwhile, adjusted…
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17 AprilPeople
Joe and the Juice appoints former Domino’s CFO to board
Joe and the Juice has announced that Jeffrey Lawrence, a seasoned foodservice and consumer retail industry executive, has joined its board of directors. Lawrence’s presence on the board will support Joe and the Juice as it further accelerates its growth and expansion in international markets. He brings more than 25…
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Jan- 2024 -12 JanuaryNews
Today’s news in brief – 12/01/24
Nightcap revenues jumped to £7.4m, spelling a 65.7% rise over Christmas. As a result, revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since IPO. Total December unaudited group revenues were £9.2m against £5.9m for December 2022, an increase of 55.9% and…
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12 JanuaryPubs and Bars
Nightcap revenues jump 65.7% amid bumper Christmas trading
Nightcap has revealed that group revenues jumped to £7.4m during the four-week period ended 31 December 2023, spelling a 65.7% rise compared with the same period last year. As a result, Nightcap’s revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since…
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