Business & Legislation

Loungers sale faces shareholder resistance

Loungers sale faces shareholder resistance

By James McAllister

Two of Loungers’s biggest shareholders are to vote against Fortress Investment Group’s acquisition of the all-day café and restaurant group.

Just Eat offloads Grubhub at steep discount

Just Eat offloads Grubhub at steep discount

By James McAllister

Just Eat Takeaway.com is to sell its US food delivery platform Grubhub to Wonder Group for $650m (£510m), little more than three years after acquiring the business for $7.3bn (£5.75bn).

The Nero Group acquires FCB Coffee

The Nero Group acquires FCB Coffee

By James McAllister

Caffè Nero and Coffee#1 owner The Nero Group has added London-based coffee business FCB Coffee to its growing portfolio.