Private equity backing has made casual dining market ‘lazy,’ Hestia boss warns April 27, 2024 The owner of a premium hospitality investment group which is targeting revenue of £100m over the next three years has said operators in the casual dining market have gotten “lazy” because of private equity backing.
Private equity valuations are holding firm in the face of higher rates but can we trust them? April 27, 2024 Private equity valuations have built up a reputation for being overestimated, but is that really the case?
Pret A Manger names new chair as it sets sights on international expansion April 24, 2024 Pret A Manger has named its new chairman and announced the return of one of its co-founder as it shakes up its board amid a period of international growth.
Novel Audio: Podcast maker backed by investor in Fortnite’s Epic Games names new chief after £15m claim settled April 23, 2024 Podcast maker Novel Audio has named a new chief executive after its former boss and co-founder settled a £15m claim with its main shareholder.
Asda: Billionaire Zuber Issa close to selling £500m stake in supermarket giant to TDR Capital April 19, 2024 Billionaire Zuber Issa is close to completing talks to sell his £500m stake in Asda to its private equity backer, TDR Capital, according to reports.
Costa Coffee win helps digital agency Idhl grow ahead of US expansion April 18, 2024 Idhl, a digital agency backed by the owner of Burger King's UK arm and Hobbycraft, has said winning new clients such as Costa Coffee helped its revenue edge closer to £40m during 2023.
‘We have a vision’: American Golf hails improvement despite challenging year April 17, 2024 American Golf has hailed its improved financial performance despite facing "global and national factors" which negatively impacted how much customers wanted to spend and their confidence.
Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone April 15, 2024 A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant.
London-listed Centaur Media receives takeover approach April 10, 2024 Centaur Media, the owner of titles such as The Lawyer, could become the latest London-listed company to go private after a takeover approach was revealed.
TAG: Travel agent for Jay-Z, Rihanna and Lady Gaga sold to ECI Partners April 10, 2024 A former investor in the likes of Harry Potter publisher Bloomsbury, Games Workshop and National Express has acquired a travel agent that arranges the itineraries for the likes of Jay-Z, Rihanna, Lady Gaga and the Foo Fighters.
