Accor has reported for the fourth quarter showing growth in 2012 revenue, supported by the transformation of the business model, and record development, with the opening of more than 38,000 rooms. Highlights: Rapid growth in the Group’s gross revenue, up 11% to more than €11 billion Gross revenue up 25% for Managed and Franchised hotels only, and total fees, excluding … [Read more...]
Search Results for: hotel acquisition
Countdown to Hospitality Show 2013
Essential Cuisine, the stock specialist, will once again be at the Hospitality Show at Birmingham’s NEC from 21st – 23rd January, Stand 1149. The biggest date in the industry calendar means it’s nearly time for chefs who work brilliantly in partnership to do battle in the ultimate, annual teamwork challenge. Dynamic duos from across the industry are gearing up to … [Read more...]
Steelite International acquires Royal Crown Derby
Leading tableware manufacturer Steelite International has acquired British brand Royal Crown Derby to further extend its fine dining range and build on its commitment to high quality UK manufacturing. The deal, which is Steelite International’s first acquisition, will see the launch of ‘Royal Crown Derby Entertains’, a fine bone china range for hotels, restaurants and … [Read more...]
D&D close to new ownership
Lloyds Development Capital, the private equity arm of Lloyds Banking Group, is reported to be leading the competition in seeking to acquire Sir Terence Conran’s 51% stake in D&D, together with the 18% held by Caird Capital. The remaining 31% was acquired by management through the MBO in 2006, and is expected to be retained under any acquisition. D&D operates famous … [Read more...]
Brakes Group: new CEO + £250 million investment
Brakes Group has announced that Philip Jansen, Group CEO, will become Chairman of Brakes Group on 1 April 2013 and that Ken McMeikan, currently CEO of Greggs plc, will join as the new Group CEO, at a date to be announced. Dwight Poler, currently Chairman of the Brakes Group Board, will step down as Chairman but will remain an active member of the Board of … [Read more...]