Expansion of UK and European brands through the acquisition of The Fulham Shore
First written in FY2024-Q1. 6 of 11 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Delayed earnings recovery and restructuring of the UK operationsAnnual report
「Fulham Shore, which is based in the UK, reported lower revenue and profit as the economic environment surrounding the food-service industry proved more difficult than expected and the recovery in profitability lagged initial expectations, despite efforts to improve earnings. In light of these circumstances, as separately disclosed on 16 April and 1 May, the company has begun restructuring the business to improve its profitability and sustainability.」
Fulham Shore's earnings recovery lagged expectations, resulting in lower revenue and profit. To improve profitability and sustainability, the company is transitioning to business restructuring, including the CVA and Administration proceedings initiated after the filing. - FY2026-H1AdvancedAnnual report
「Although the UK economy, where Fulham Shore is based, is beginning to recover gradually, the recovery of the food-service market is still expected to take time. By sending personnel with extensive knowledge of the domestic operations, the company has begun to see some improvement in productivity and earnings at model stores and is continuing to verify the results.」
The company sent personnel with knowledge of its domestic operations to the UK, and has begun to see improvements in productivity and earnings at Fulham Shore's model stores. - FY2025-H1AdvancedAnnual report
「In addition to being consolidated from the second quarter of the previous fiscal year, Fulham Shore reported a substantial increase in revenue as price revisions, the introduction of a reservation system and other measures produced some results. Although selling, general and administrative expenses also increased substantially, the operating loss improved.」
Fulham Shore advanced price revisions and the introduction of a reservation system, leading to a substantial increase in revenue and an improvement in its operating loss. - FY2024AdvancedAnnual report
「Based in the UK, Fulham Shore operates two businesses: the Franco Manca pizza brand, with 70 directly operated stores※1, and the THE REAL GREEK Greek cuisine brand, with 26 directly operated stores※1. The company believes these businesses have the potential to impress many customers through their customer experience, product strength and value for money.」
Following the conversion of Fulham Shore into a subsidiary, the company included the combined UK brands Franco Manca and THE REAL GREEK in its consolidated operations and continued developing the business with Capdesia, its local European partner. - FY2024-Q3AdvancedAnnual report
「Based in the UK, Fulham Shore operates two businesses: the Franco Manca pizza brand, with 69 directly operated stores※1, and the THE REAL GREEK Greek cuisine brand, with 27 directly operated stores※1. The company believes these businesses have the potential to impress many customers through their customer experience, product strength and value for money.」
The company disclosed that, as of the end of December 2023, Fulham Shore operated the UK and European brands Franco Manca, with 69 directly operated stores, and THE REAL GREEK, with 27 directly operated stores. - FY2024-Q2AdvancedAnnual report
「During the cumulative second quarter consolidated accounting period, the company acquired shares in The Fulham Shore Plc, whose corporate name was changed to The Fulham Shore Limited on 28 July 2023, and made it a consolidated subsidiary.」
The company acquired 659,856,629 issued shares of Fulham Shore, representing 100% of the shares, and included it in consolidated results and the store network from the second quarter. As of the end of September, it operated 69 directly operated Franco Manca stores and 26 directly operated THE REAL GREEK stores. - FY2024-Q1AchievedAnnual report
「On 11 July 2023, together with Capdesia Group Limited, an investment fund specializing in the European food-service industry, the Company completed the procedures to acquire all issued ordinary shares for cash and other consideration in The Fulham Shore Plc, a London Stock Exchange-listed company headquartered in the UK that operates restaurant businesses, through its UK subsidiary Great Sea Kitchens Limited, which changed its corporate name to The Fulham Shore Group Limited on 12 July 2023. The Fulham Shore Plc changed its corporate name to The Fulham Shore Limited on 28 July 2023 and is referred to below as Fulham.」
As a subsequent event, the company acquired all issued ordinary shares of the UK-based Fulham company and completed its conversion into a subsidiary. The acquisition brought into the group 72 directly operated Franco Manca pizza restaurants and 27 directly operated THE REAL GREEK Greek restaurants. The purchase price was £96 million, and the ownership interest after the acquisition was 100.00%. The company stated that it would continue developing the business jointly with Capdesia, its local European partner.