Latest news with #JeffMills
CNBC
11-08-2025
- Business
- CNBC
Quality is where to diversify outside of tech, says Bessemer's Jeff Mills
Jeff Mills, Bessemer Trust CIO, joins 'The Exchange' to discuss the divergence of the 'Mag 7' opportunities outside of Big tech and portfolio diversification.
Yahoo
25-07-2025
- Sport
- Yahoo
Golf in the rain at Lindum Hall - here's how it all went
Catterick Golf Club men competed for the Claret Jug on Open weekend at Linden Hall in Northumberland. Jeff Mills PH 5 had a great round and won with net 66, 2nd John Maloney net 67, 3rd Deepak Gurung net 68. 1st in the ladies' Medal 7 competition and winner of the Div 2 medal was Jackie Barker net 69, 2nd Ann Hargreaves net 71, 3rd Susan MacKellar net 72. Val Carveth won the Div 1 medal net 72. Despite the heavy rain, the ladies competed for the Rapkins trophy, playing a par format. 1st Davina Matthews +2, 2nd Susan MacKellar +1, 3rd Sandra Jones 0. The ladies' B team won their home match against Cave Castle 4:1. The Friday night stableford was won by Val Pringle 22pts, 2nd Steve May 21pts.
Yahoo
11-07-2025
- Business
- Yahoo
Smoothie King secures private equity investment
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Smoothie King has secured a significant minority investment from Main Post Partners, a private equity firm that targets consumer-facing brands, the chain said in a Thursday press release. The investment amount was not disclosed, though Smoothie King confirmed in an email to Restaurant Dive that Main Post Partners is now the second-largest shareholder in the brand. According to the press release, Smoothie King founder and CEO Wan Kim is still the brand's majority shareholder. The investment signals continued investor interest in the dynamic QSR smoothie segment, after Blackstone acquired Tropical Smoothie Cafe for $2 billion last year. Smoothie chains, like other beverage-focused concepts, are well-positioned to capture consumer interest in photogenic drinks, off-premise occasions and health-forward menu items. Significant private equity backing could help Smoothie King, which is planning to enter new markets and open 100 stores this year, catch that wave. Smoothie King said Main Post Partners has extensive experience working with high-growth franchises including Jimmy John's and major franchisees such as Flynn Group. Jeff Mills, managing partner at Main Post, cited Smoothie King's product innovation as a factor driving the investment. The private equity firm will support the brand 'in capitalizing on its Clean Blends menu, impressive customer service ranking, 1,200+-unit restaurant base and category leadership,' Mills wrote in the statement. "Smoothie King is well positioned to enter its next phase of growth." The smoothie brand added a new 'Hydration' menu category earlier this summer that features drinks made with fruit flavors and electrolyte-heavy ingredients including coconut water. It also debuted three new watermelon smoothies 'focused on post-workout recovery, gut health, or meal replacement.' Earlier this year, the company promoted CFO Gavin Felder to president and in November hired a Red Robin vet as chief information officer as it looks to set up a comprehensive technology strategy. A fresh infusion of capital could help improve Smoothie King's competitive position in the market. Smoothie King and Tropical Smoothie Cafe are closely matched competitors in unit count — Smoothie King has about 1,200, according to its franchise disclosure document, while Tropical Smoothie Cafe had 1,400 when it was acquired late last year by private equity giant Blackstone. But Smoothie King has a disadvantage in unit brand's average net sales in 2024 were about $660,000 dollars, while Tropical Smoothie Cafe's average net revenue topped $1 million in the same time period and with similar initial investment requirements and square footage, according to the brands' respective FDDs. Recommended Reading Smoothie King targets 100 openings in 2025 登入存取你的投資組合
Yahoo
10-07-2025
- Business
- Yahoo
Main Post Partners makes minority investment in Smoothie King
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. Private equity firm Main Post Partners has taken a minority stake in Smoothie King, the Dallas-based smoothie chain said Thursday. The amount of the ownership or terms of the deal were not disclosed. Main Post invests primarily in consumer brands such as apparel company Rebel Athletics, cosmetics firms Too Faced and Milk Makeup, and automotive accessory company Mishimoto, but it also owns equity in restaurant chains such as Jimmy John's, Krispy Krunchy Chicken, Viva Chicken, and large franchise company Flynn Group. Smoothie King chief executive officer and majority shareholder Wan Kim said he appreciated Main Post's approach to investment. 'At Smoothie King, our vision is to make the world a better place by nourishing healthy habits, and that starts with having partners who share our vision and embrace our values,' he said in a statement. 'We have been extremely impressed by Main Post's track record of growing franchise brands the right way — by building a strong culture, focusing on the guest, and always thinking long term.' Main Post managing partner Jeff Mills praised Smoothie King for its brand positioning and strategy, praising its 'Clean Blends' approach that includes a "no no lilst" of dozens of ingredients such as artificial flavors and multiple sweeteners that are banned from its ingredient list. 'This investment is more than capital — it's a powerful alignment of vision and capability,' Mills said in a statement. 'We are very impressed by the strength of the Smoothie King brand and reputation, the quality and innovation of the product offerings, and its commitment to the guest experience. We are excited to partner with Smoothie King's strong leadership team and franchisees to support the company in capitalizing on its Clean Blends menu, impressive customer service ranking, 1,200-plus-unit restaurant base and category leadership. Smoothie King is well positioned to enter its next phase of growth and fulfill its bold and inspiring vision to become one of America's favorite brands.' North Point was Smoothie King's exclusive financial advisor on the deal. Smoothie King's focus is on creating menu items that fit its customers' specific need states, such as energy, fitness, weight management, hydration, and indulgence. It was also the first major chain to introduce menu items specifically geared toward people using GLP-1 weight loss drugs. According to Technomic Ignite data, Smoothie King's sales grew by 5.8% in 2024, for total sales of $763 million. Contact Bret Thorn at Bubbakoo's Burritos sold to Thompson Street Capital Partners Savory Fund announces investment in Hawkers Asian Street Food 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
Scottish Sun
29-04-2025
- Entertainment
- Scottish Sun
Legendary UK nightclub ranked one of best in the WORLD will shut its doors forever in just weeks in ‘end of an era'
One heartbroken fan was left in tears LAST DANCE Legendary UK nightclub ranked one of best in the WORLD will shut its doors forever in just weeks in 'end of an era' Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A LEGENDARY UK nightclub ranked one of the best in the world is shutting its doors forever in just weeks. This "vital cultural institution" on Avon Street, Bristol will be closing its doors for the final time in July marking the "end of an era" for the city's nightlife. Sign up for Scottish Sun newsletter Sign up 2 Motion is set close in July Credit: Facebook 2 The club has been described as one of Bristol's cultural cornerstones Credit: Facebook Motion, an iconic 4000 person capacity nightclub, was once a skate park in the 90s but has since turned into an integral part of the city's nightlife. However, much like a number of other music venues across the country, the club has struggled with securing a permanent residence. In November last year nightclub bosses said they had submitted a "strong, careful thought-out bid" to its landlords but were still uncertain about the club's future. A post on the club's Instagram said: "Our bid makes it crystal clear: Motion isn't just a nightclub. It's a vital piece of Bristol's cultural and economic ecosystem. "We'll keep pushing, we'll keep fighting and we'll keep working towards a future where Motion - and spaces like it - can thrive." But despite their best efforts, bosses have since confirmed that the lease will not be renewed when it expires in July. A message on the club's website said: "Unfortunately, we've recently received confirmation that our lease will not be renewed when it expires in July 2025, placing the future of the venue in serious jeopardy. "In response, we've submitted a bid to purchase the property in an effort to safeguard Motion's legacy. "However, as time passes and with no response from the landowners, it's becoming increasingly clear that the opportunity to stay is slipping away. Dozens of revellers were left heartbroken upon hearing the news, with many jumping online to share their disappointment. Jaw-dropping tales of Ibiza's wildest nightclub - with live sex shows & doorman 'Johnny the Dwarf' who scared off Hell's Angels 'with sawn-off shotgun' One said: "I'm so angry that this venue couldn't secure the protection and life it needed. I do look forward to what comes next." Another added: "This made me cry. My favourite venue. Met some amazing people & made beautiful memories." A third commented: "This is so sad , absolutely loved motion everytime I've been there." Motion, which opened its doors in 2003, is located in the centre of town beside the River Avon and consists of five indoor spaces. The main room can hold up to 1,600 people and its smaller room another 600 revellers. It's famous for hosting some of the biggest names in music having booked the likes of Jeff Mills, Floating Points, and Chase and Status to name just a few.
