Latest news with #DavidPage
Yahoo
2 days ago
- Business
- Yahoo
Tasty discuss board appointment and funding with David Page
UK's casual dining restaurant operator Tasty has confirmed advanced discussions with PizzaExpress former CEO David Page and Fulham Shore former finance director Nicholas Wong regarding potential board appointments, and also strategic funding opportunities, which may include an equity placing. The company is considering various funding options to invest in future strategic opportunities. This follows reports from Sky News that Page is looking to raise nearly £10m ($13.4m) from institutional investors. If successful, this move could lead to changes in Tasty's leadership structure. According to sources, the potential equity raise could result in Page becoming Tasty executive chairman. The company, which is the owner of the Wildwood and dim t dining brands, is also expected to undergo a rebranding to Bow Street Group on the London Stock Exchange, the news channel added. The deal would involve Tasty acquiring Page as well as his associates' cash shell. Nicholas Wong, given his prior experience working with Page at previous establishments, is set to assume the role of finance chief at Bow Street Group, if the proposal becomes successful. The current and proposed members of the board are expected to contribute over £1m to the share placing. Page's plans also include a review of Tasty's current restaurant portfolio. The fundraising efforts are being managed by investment banking firms Allenby Capital and Cavendish. Tasty plans to make further announcements as developments unfold. In 2023, Japan's Toridoll Holdings acquired Page's previous venture, Fulham Shore, which included the Franco Manca pizza chain, in a deal valued at £93m. Toridoll made the offer to acquire Fulham Shore, in April 2023. "Tasty discuss board appointment and funding with David Page" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
3 days ago
- Business
- The Independent
Former Pizza Express boss in talks with Wildwood restaurant owner
The restaurant firm behind the Wildwood chain has said it is in talks with restaurant tycoon David Page over a deal which could see him join the company and secure new investment. Shares in the company have dropped to a record low in recent weeks in the face of tumbling revenues as it seeks to turn around its fortunes. On Monday, it confirmed it has held talks with David Page, the former boss of Pizza Express and Franco Manca owner The Fulham Shore over a move which would see him appointed to the group's board. Tasty, which also owns the Dim T brand, said it is also in talks with Fulham Shore finance director Nicholas Wong as part of the proposed deal. The group is also 'evaluating funding options' as a result, which could include raising cash through an equity placing. It comes after Sky News reported that Mr Page is seeking to secure close to £10 million in new funding from institutional investors. The report indicated that a deal could see Mr Page installed as executive chairman of Tasty and rename the business as Bow Street Group on the London Stock Exchange. Tasty, which runs 36 restaurants, saw revenues tumble by 21.9% last year due to a restructuring. Last year, the group closed 18 restaurants as part of its turnaround efforts. Shares in the company shot 81% higher to 1p following the update on Monday. This gives the company a market capitalisation worth just under £2 million.
Yahoo
3 days ago
- Business
- Yahoo
Restaurant tycoon Page opens new chapter with Tasty deal
One of Britain's most prolific restaurant industry entrepreneurs is in talks to raise millions of pounds in a deal that would see him take the helm at Tasty, the London-listed leisure group. Sky News has learnt that David Page, who previously ran chains including PizzaExpress and Gourmet Burger Kitchen, is seeking close to £10m of new funding from institutional investors. If successfully implemented, the deal would see Mr Page installed as executive chairman of Tasty, which would be renamed Bow Street Group on the London Stock Exchange. Money latest: Tasty, which owns the dim t and Wildwood casual dining brands, would acquire a cash shell owned by Mr Page and associates as part of the deal. It would then seek to acquire a number of brands, for which it would act as an incubator. Nick Wong, who worked with Mr Page at two of his previous ventures, would become Bow Street Group's finance chief if the plan is successful. Tasty launched a restructuring plan last year which saw more than a third of its 54 sites jettisoned. Recent trading at the company is said to have improved, although it continues to face the headwinds of inflationary cost pressures and the impact of tax increases which trade body UK Hospitality recently warned would result in a jobs bloodbath across the industry. As part of Mr Page's fundraising plans, existing and proposed board members would commit more than £1m to a share placing, according to restaurant sector insiders. The entrepreneur's career in the industry has spanned more than three decades, with the 1993 flotation of PizzaExpress a milestone. He then floated Clapham House Group, which included The Real Greek concept, in London a decade later, before selling it. Mr Page's subsequent venture, Fulham Shore, and its Franco Manca pizza chain were sold to Toridoll Holdings of Japan in 2023 for £93m. Sources said his plans included a review of Tasty's existing sites The fundraising is being coordinated by Cavendish and Allenby Capital, the investment banks. A spokesman for Mr Page declined to comment, while Mr Plant did not respond to a call seeking comment.
Sky News
3 days ago
- Business
- Sky News
Restaurant tycoon Page opens new chapter with Tasty deal
One of Britain's most prolific restaurant industry entrepreneurs is in talks to raise millions of pounds in a deal that would see him take the helm at Tasty, the London-listed leisure group. Sky News has learnt that David Page, who previously ran chains including PizzaExpress and Gourmet Burger Kitchen, is seeking close to £10m of new funding from institutional investors. If successfully implemented, the deal would see Mr Page installed as executive chairman of Tasty, which would be renamed Bow Street Group on the London Stock Exchange. Tasty, which owns the dim t and Wildwood casual dining brands, would acquire a cash shell owned by Mr Page and associates as part of the deal. It would then seek to acquire a number of brands, for which it would act as an incubator. Nick Wong, who worked with Mr Page at two of his previous ventures, would become Bow Street Group's finance chief if the plan is successful. Tasty launched a restructuring plan last year which saw more than a third of its 54 sites jettisoned. Recent trading at the company is said to have improved, although it continues to face the headwinds of inflationary cost pressures and the impact of tax increases which trade body UK Hospitality recently warned would result in a jobs bloodbath across the industry. As part of Mr Page's fundraising plans, existing and proposed board members would commit more than £1m to a share placing, according to restaurant sector insiders. The entrepreneur's career in the industry has spanned more than three decades, with the 1993 flotation of PizzaExpress a milestone. He then floated Clapham House Group, which included The Real Greek concept, in London a decade later, before selling it. Mr Page's subsequent venture, Fulham Shore, and its Franco Manca pizza chain were sold to Toridoll Holdings of Japan in 2023 for £93m. Sources said his plans included a review of Tasty's existing sites The fundraising is being coordinated by Cavendish and Allenby Capital, the investment banks.
Yahoo
27-05-2025
- Business
- Yahoo
Isles of Scilly helicopter service expands fleet
A company which runs a helicopter passenger service between the Isles of Scilly and the mainland is expanding its fleet to meet increased demand. Penzance Helicopters runs up to 11 daily flights between the islands and Penzance, taking up to 10 people per crossing. The company said the addition of another helicopter would increase its fleet to three aircraft and allow up to 17 crossings per day. David Page, Penzance Heliport base manager, said passenger numbers had increased by 30% since helicopter operators Starspeed took over running the service in 2022. "The addition of a third aircraft will make a significant investment in the resilience, reliability and extra flights to the islands which is obviously what we need," Mr Page told BBC Radio Cornwall. He added: "Initially we'll lease it [the aircraft] for a long-term period with the aim, eventually, to purchase it like we've done with the other two. "The two we're running at the moment ranged between about £15m and £20m." Mr Page said the business had connected with the community and held classes for schools and invited the local Women's Institute group for a tour. "It's an ambition of mine to really connect with our neighbours and the community and we have worked hard as a team to do that over the past three years," he said. Penzance Helicopters expect to receive their new aircraft in August and have it in operation for summer 2026. More news stories for Cornwall Listen to the latest news for Cornwall Follow BBC Cornwall on X, Facebook and Instagram. Send your story ideas to spotlight@ Two-million pound heliport approved Penzance-Scilly helicopters axed Penzance Helicopters Starspeed
