Putney

Urban Pubs & Bars EBITDA hits £6.4m in FY23

London’s premium pub and dining group Urban Pubs and Bars has announced group EBITDA of £6.4m for the financial year ended April 30, 2023, an improvement of 11% versus the prior year. The leisure group, which operates 42 pubs, bars and restaurants across London, revealed like-for-like sales were up 17%…

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Today’s news in brief – 12/10/23

TRG, the operator of brands like Wagamama, is set to go private through a £506m deal with Apollo Global after facing financial struggles and investor pressure. TRG, which owns about 400 UK restaurants and pubs, cited falling margins due to rising costs and a sluggish post-pandemic recovery. The deal offers…

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RTL Enterprises opens ninth Chopstix franchise

RTL Enterprises has announced the opening of a new Chopstix in Baker Street, London, the firm’s ninth Chopstix franchise. RTL has opened four sites over the last 15 months, focusing on growing the brand in London with other high-performing sites in Walthamstow and Putney. The franchise is set to open…

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Various Eateries FY losses widen amid margin pressures

Various Eateries has seen its pre-tax loss widen to £7.2m, up from a loss of £3.7m in FY21, as profitability was impacted by higher costs and margin pressures. The group said it had resisted passing price increases onto customers in full “until there was more certainty around the trajectory of…

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Lexington wins Hurlingham School catering contract

Independent school caterer, Lexington Independents, has announced it has won the contract to provide the catering services for Hurlingham School’s preparatory and nursery schools based in Putney, London. A team of fifteen Lexington Independent employees – including two head chefs – will be serving up food for the children, aged…

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Canteen Collective launches £400,000 investment round to aid expansion

Canteen Collective, a hospitality group with a focus on sustainability, has launched a £400,000 investment round to “help drive forward its ambitious growth plans”. The London-headquartered business, which is on target to turnover £2.5m this year, has said it is set to more than double its revenues by 2025 as…

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Various Eateries revenues surge 439% to £17.8m

Various Eateries PLC has reported its revenues surged 439% year-on-year from £3.3m to £17.8m for the 26-week period ending 3 April 2022, driven by new site openings and reflecting fewer restricted periods of trading. Adjusted EBITDA also rose to £1.7m, compared to a £2.5m loss in H1 FY21, and loss…

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Coppa Club opens in Putney

Coppa Club, the restaurant, bar and cafe chain, has announced the official opening of Coppa Club Putney, which opened its doors today on 2 November 2021. Following the opening and as part of Coppa Club’s home-from-home ethos, Coppa has also partnered with Grind at Coppa Club Putney, a sustainable cult…

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Polpetto head chef leaves after less than seven weeks

Polpetto head chef, Anthea Stephenson has left her role as head chef at Soho’s Polpetto after less than seven weeks. The restaurant confirmed Stephenson’s departure however it has not given a reason for it. The chef took up the role in the first week of October, joining from the River…

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