05/08/2025 10:08:00
Greene King has invested almost £42 million into 130 of its pubs and restaurants in the first six months of the year, advises The Drinks Business. Greene King revealed it had invested £24 million into 62 pubs in the Greene King managed estate. The rollout of Hickory's continues, with plans to open a total of 10 restaurants throughout 2025. This builds on the six new smokehouses which were opened throughout 2024. Across Greene King Pub Partners - Greene King's leased, tenanted and franchise division - almost £9 million has been invested across 63 pubs - 18 of which are newly-opened franchise sites.
Dishoom has been valued in the region of £300m after striking an investment deal with a firm backed by LVMH, reports City AM. The restaurant chain has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes. Both co-founders are expected to stay in their roles alongside CEO Brian Trollip and the rest of the executive team. The investment comes ahead of Dishoom opening a new US location in 2026. In its most recent set of financial accounts, for 2023, Dishoom's turnover totalled £116.8m, up from £94.9m, while it created almost 300 jobs. Its higher turnover also helped the business up its pre-tax profit from £4.7m to £7.4m. The company issued a dividend of £9.8m for the year, up from the £3.7m it paid out in the prior 12 months.
The group behind the Wildwood and Dim-T casual dining brands has completed a £9.25m fundraise, appointed David Page as its executive chairman and announced a new expansion strategy. Tasty has raised funds via a conditional placing of and subscription for new ordinary shares, at a price of 0.5p per share, with the funds to be used to invest in the group's existing restaurants and operations as well as the acquisition of other brands. Its new strategy includes plans to make four to six acquisitions 'of scalable restaurant businesses' over the first three years. As part of the move, Tasty has changed its name to Bow Street Group, advises Restaurant Online.
Punch saw a sharp increase in revenue and earnings as it continues to expand and invest across its estate. In the latest 12-week period, Punch generated £83.4 million in revenue - up from £76.4 million the year before. Underlying EBITDA also rose significantly, reaching £24.3 million compared to £21.8 million in 2024. This growth reflects not only steady trading but also the group's continued focus on capital investment and operational efficiency, advises Pub & Bar.
According to the latest CGA RSM Hospitality Business Tracker, Britain's leading pub, bar and restaurant groups finished a soft first half of trading with sales exactly level year-on-year in June, The Caterer reports. It follows a drop of 1% in May, and means sales were static or negative in four of the first six months of 2025, with a warm April the only period to deliver real-terms growth.
Accor has seen revenues rise by 2.5% to €2.7bn (£2.3bn) in the first half of the year, or by 5.1% on a constant currency basis, as RevPAR rose by 4.6% following "resilient" trading. The group said that in a "tense" macroeconomic environment marked by geopolitical uncertainty and "significant" currency fluctuations, it "demonstrated the resilience of its business". According to the group, the diversification of its hotel portfolio, both in terms of geography and segments, allowed it to "capture continued strong global demand", Hotel Owner reports.
Sadiq Khan's al fresco scheme has launched in Shoreditch, reports the Morning Advertiser.