Tortilla
Coverage tracks the performance, expansion strategy, and operational developments of the UK’s leading fast-casual Mexican restaurant brand, including site rollouts, franchising, menu innovation, digital ordering, and trading updates. Reporting offers insight for operators monitoring scalable dining formats, high-street brand positioning, and evolving consumer demand for fresh, quick-service international cuisine.
-
Jun- 2024 -25 JuneBusiness
Tortilla acquires French competitor Fresh Burritos for €3.95m
Tortilla Mexican Grill has announced its strategic acquisition of Fresh Burritos, a France-based European fast-casual Mexican restaurant, for a total of €3.95m (£3.34m). The deal has been funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It…
Read More » -
Apr- 2024 -24 AprilNews
Today’s news in brief – 24/04/24
Tortilla 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. During the period, the group opened six sites in the UK as well as one franchise site, taking the total to 87 locations. According to…
Read More » -
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…
Read More » -
2 AprilNews
Today’s news in brief – 02/04/24
Revolution Bars shares have been suspended after it failed to produce interim results. It follows the closure of eight Revolution bars across England in January with the company blaming the cost of living crisis. The group confirmed it was in talks with shareholders and investors, including hospitality entrepreneur Luke Johnson,…
Read More » -
2 AprilPubs and Bars
Revolution Bars shares suspended amid uncertain future
Revolution Bars has had its shares suspended from trading on AIM after it failed to produce its interim financial results. The company was required to publish its results by 30 March 2023 but was unable to do so. It follows the closure of eight Revolution bars across England in January…
Read More » -
Feb- 2024 -23 FebruaryNews
Today’s news in brief – 23/02/24
Tortilla appointed Andy Naylor as its new CEO, as Richard Morris will be stepping down at the end of March. Naylor, who has worked alongside Morris for the last seven years, initially joined as CFO and most recently was UK managing director. Meanwhile, Maria Denny has joined the business this…
Read More » -
23 FebruaryPeople
Tortilla names new CEO
Tortilla has announced the appointment of Andy Naylor as its new incoming chief executive officer, following news that Richard Morris will be stepping down from the role at the end of March. Morris has had a 35-year career within hospitality, with 10 years being spent at Tortilla. Naylor has worked…
Read More » -
16 FebruaryNews
Today’s news in brief – 16/02/24
Costa Coffee will increase pay for over 15,000 team members from 1 April. This will be the fifth time the company has increased pay rates for store team members since April 2021. Team members in Central London will receive an extra £1 per hour, bringing their starting rate to £13…
Read More » -
16 FebruaryRestaurants
Tortilla confirms delivery partners following strategy review
Tortilla has confirmed UberEats and Just Eat as its delivery partners, following a review of the fast-casual brand’s delivery strategy, which was announced on 20 December 2023. The news comes as, whilst the group’s multi-partner approach to delivery has supported strong growth in sales volumes and awareness, delivery commission charges…
Read More » -
Jan- 2024 -30 JanuaryNews
Today’s news in brief – 30/01/24
Tortilla will be opening four new locations with SSP this year, with a further pipeline of sites to open as part of the franchise partnership in 2025. Currently, the SSP and Tortilla franchise partnership includes five sites across the UK, with the Manchester Piccadilly train station being the most recent…
Read More »
