Burger King UK extends master franchise and completes refinancing after growth. Burger King UK reported 2024 revenue up 7% to £408.3m with like-for-like sales up 4.5% and underlying EBITDA up 12% to £26m. It signed a new c.20-year master franchise including Ireland and extended bank facilities to March 2028.
PZ Cussons keeps African unit and opts for restructuring after review. The company will retain its Africa business after bids undervalued the portfolio. It plans a division overhaul, further disposals of around £7m, and ways to manage currency risk. Recent trading improved, with a “significant long-term opportunity” cited.
Coca-Cola appoints Henrique Braun as Chief Executive to succeed James Quincey. The Chief Operating Officer, who joined the company in 1996, will take the helm in March. He has held roles across supply chain, marketing and bottling globally. Henrique succeeds James Quincey who will step down next year.
Leon plans CVA and site closures to stem annual £10m losses. The 71-site brand is preparing a CVA and could shut up to 20 locations after closing several recently. Quantuma has been appointed as administrators as Leon targets unprofitable restaurants. Most sites remain open and the grocery arm is unaffected.
JKS Restaurants partners with MGM Resorts to open first US Gymkhana at Aria Las Vegas Strip. JKS Restaurants has launched its two-Michelin-starred Gymkhana at Aria Resort & Casino in partnership with MGM Resorts. The 175-cover venue is the first Indian restaurant on the Las Vegas Strip, expanding JKS’s international presence.
Co-op confirms leadership following merger. Central Co-op and Midcounties have confirmed the leadership for their merged society. Debbie Robinson (Central CEO) will be the new CEO, with Phil Ponsonby (Midcounties CEO) becoming CEO for integration. The merger will be completed in January 2026.
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