Locked content AmRest Q2 net profit at €8.1 mln, below consensus

WSE-listed restaurant operator AmRest posted a €8.1 million net profit attributable to shareholders in Q2 versus €7.9 million a year ago. The result was below the consensus of €9.5 million. Revenue amounted to €364.2 million, in line with the company’s estimates. The group’s EBITDA stood...

Locked content AmRest to redeem early PLN 140 mln bonds

WSE-listed restaurant operator AmRest plans to early redeem PLN 140 million worth of bearer bonds on September 28, instead of their original redemption date of September 10, next year, the company said in a market filing. “The early redemption of the Bonds at the request of the Issuer will be carrie...

Locked content AmRest to buy sushi chain for €240 mln

WSE-listed restaurant operator AmRest has signed a share purchase agreement with Grégory Marciano, Naxicap Partners and other entities regarding the purchase of 100 percent stake in Sushi Shop restaurant chain. “The purchase price will amount to approximately €240 million (and will be adjusted by th...

Locked content AmRest buys Sushi Shop for €240 mln

Restaurant operator AmRest signed an agreement to buy 100% of Sushi Shop Group for about €240 million. Under the agreement, €13 million will be paid in company shares to Grégory Marciano and Adrien de Schompré.  An additional amount of up to €10 million (earn-out) will be paid if Sushi Shop achieves...

Locked content AmRest will invest €25 mln in Spanish Glovo

Restaurant operator AmRest signed an agreement to buy a 10-percent stake in the Spanish digital food delivery platform Glovo for €25 million. Under the agreement, AmRest will acquire a tranche of newly issued shares in Glovo and a part of existing shares. Glovo application has over one million users...

Locked content AmRest to buy Spanish burger chain

WSE-listed restaurant operator AmRest signed a binding offer specifying the terms of a purchase of two companies that own a Bacoa burger chain in Spain for €3.7 million. The entities, Black Rice and Bacoa Holding, own 6 restaurants in Madrid and Barcelona which operate in the “premium burger” segmen...

Locked content AmRest to launch Starbucks in Serbia

WSE-listed restaurant operator AmRest announced the plan to launch the Starbucks brand on the Serbian market, with the first outlet in Belgrade, the company said in a market filing. “With great enthusiasm, we are introducing our brand to the Serbian market and we are happy that Belgrade residents wi...

Locked content AmRest finalizes franchise agreement with Pizza Hut Europe

AmRest finalized a franchise agreement with Pizza Hut Europe, giving AmRest the rights of a master-franchisee for the Pizza Hut brand in Russia, Azerbaijan, and Armenia. AmRest wants to open over 200 Pizza Hut restaurants on the Russian market within five years. The franchise agreement was concluded...

Locked content AmRest to buy 15 KFC restaurants in France

WSE-listed restaurant operator AmRest signed a preliminary agreement with KFC France for the purchase of 15 KFC restaurants. The purchase price will depend on due diligence procedures that will be carried out by AmRest. The deal is expected to be finalized by September 30. “AmRest sees great p...

Locked content AmRest to develop Burger King brand in Czechia and Slovakia

WSE-listed restaurant operator AmRest signed a contract with Burger King Europe on the exclusive development of the brand in the Czechia and Slovakia. “Based on the deal, within 5 years AmRest plans to increase Burger King portfolio by 40 new restaurants in the Czech Republic and 15 in Slovakia,” th...