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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Jul- 2023 -27 JulyNews
Just Eat Northern Europe and UK return to growth in Q2
Just Eat has reported a gross transaction value (GTV) increase in Northern Europe of 4% and of 1% in the UK and Ireland during Q2 2023. Adjusted EBITDA amounted to €143m (£122m) in H1, reflecting a material improvement of €277m (£238m) compared with H1 2022. In Northern Europe, the adjusted…
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12 JulyRestaurants
Loungers reports record revenues of £283m in FY23
Loungers, the operator of Cosy Clubs and Brightside venues across the UK, has achieved “record” revenues of £283.5m for the year ended 16 April, as revenues increased 19% compared with last year. During the period, the operator opened a record 29 sites, leading to a like-for-like sales growth of 7.4%…
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Mar- 2023 -27 MarchPubs and Bars
The Oakman Group appoints new CFO
The Oakman Group has announced the appointment of Tarquin Williams as chief financial officer. Williams was formerly CFO of The City Pub Group where he managed CPG’s listing on the AIM market through an IPO and helped guide the company through the pandemic. Before that, he was a Fullers Inns…
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Oct- 2022 -3 OctoberRestaurants
Tortilla warns of £2.3m hit in FY22 amid inflationary pressures
Tortilla has warned that it faces future challenges from rising protein and energy prices, expecting to take a £2.3m hit in its full-year results amid increased inflationary pressures on the industry. For now, its revenue rose by 30% to £26.9m in the first half of FY22, up from £20.8m the…
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Jul- 2022 -18 JulyRestaurants
Tortilla revenue soars 60% in H1
Tortilla has welcomed strong top-line growth during the first half of FY22, with group revenue soaring 60% to £26.9m, or an increase of 55% excluding the impact of the Chilango acquisition. The group said this performance was underpinned by growing customer demand for Tortilla’s food as well as the group’s…
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Jun- 2022 -20 JuneNews
Deliveroo appoints new chief financial officer
Deliveroo has announced that it has appointed Scilla Grimble as its new chief financial officer. Grimble, who is currently chief financial officer at MoneySupermarket.com Group plc, is expected to commence her appointment by no later than June 2023. She was previously interim chief financial officer at Marks and Spencer where…
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May- 2022 -24 MayRestaurants
Tortilla acquires Chilango in £2.75m deal
Tortilla, the fast-casual Mexican restaurant group, has announced the acquisition of Chilango Limited for a total consideration of up to £2.75m from investment firm RDCP Group Ltd. Chilango is a fast-casual restaurant chain specialising in Mexican food including burritos, salads and tacos. The business operates from an estate of eight…
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Feb- 2022 -25 FebruaryBusiness
Yo! owner strengthens advisor line-up amid £750m IPO listing
The sushi chain Yo!’s parent company, Snowfox Group, has reportedly picked further advisers for a potential £750m listing. According to Sky News, the Snowfox Group is working with Barclays, Jefferies and Peel Hunt on a prospective initial public offering (IPO). Mayfair Equity Partners, the company’s controlling shareholder, is said to…
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Jan- 2022 -10 JanuaryNews
Tortilla revenues spike 79% to £48.1m
Tortilla has announced group revenue increased 79% to £48.1m, from £26.8m the previous year for the financial year ending 2 January 2022. This was driven by growing customer demand across all the group’s channels of eat in, take away and delivery, and underpinned by the continued roll-out of new sites…
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Oct- 2021 -8 OctoberRestaurants
Tortilla Mexican Grill enters London Stock Exchange
Tortilla Mexican Grill has announced that it has successfully issued its entire share capital to on the AIM market of the London Stock Exchange. The IPO which is expected to raise approximately £23m for selling shareholders, and £5m from the placing of new shares, giving Tortilla a market capitalisation of…
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