THE company behind the Scotch Malt Whisky Society is mulling a stock market flotation. Artisanal Spirits Company has appointed financial advisers to examine a possible initial public offering (IPO) on the Alternative Investment Market (AIM). The plans were revealed as Artisanal unveiled a new chairman and financial results, which showed a modest uptick in sales to £15 million in 2020, driven by a 30 per cent rise in e-commerce sales and growth at home and abroad. The company had generated sales of £14.8m the year before. Mark Hunter, the former chief executive of brewing giant Molson Coors, has been appointed chairman. He succeeds Paul Skipworth, who has moved into the post of deputy chairman.
Monday papers: US and China pledge joint action on climate change citywire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywire.co.uk Daily Mail and Mail on Sunday newspapers.
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By Alec Mattinson2021-04-19T07:51:00+01:00
EG Group, the petrol station business whose billionaire founders have pushed for rapid growth through debt-fuelled acquisitions, has bought healthy fast-food chain Leon for £100m as it expands into food retailing (The Financial Times £). Leon has been sold for an estimated £100 million to the billionaire brothers who are buying Asda (The Times £). The billionaire brothers behind the petrol station business EG Group have snapped up the fast food chain Leon Restaurants for £100m, just months after acquiring supermarket chain Asda (The Guardian). More than 70 Leon restaurants across the UK and Europe have been sold to the brothers’ giant petrol forecourt business EG Group (The BBC). Mohsin and Zuber Issa are understood to have agreed to buy the business, co-founded by Boris Johnson’s food tsar Henry Dimbleby, in the early hours of Saturday (The Daily Mail).
Estate launches farm park attraction for Argyll and Bute heraldscotland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldscotland.com Daily Mail and Mail on Sunday newspapers.