Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Justin King Backs £50m Fund to Invest in Hospitality Firms

by April 2, 2024
April 2, 2024
Justin King Backs £50m Fund to Invest in Hospitality Firms

A consortium of high-net-worth individuals, spearheaded by Justin King, former chief executive of J Sainsbury, has raised £50 million to pursue acquisitions within the premium restaurant sector.

Named Hestia Hospitality, after the Greek goddess symbolising home and hospitality, the consortium aims to target £100 million in revenues within three years. Andrew Fishwick, CEO of the Salt marketing agency and a restaurateur, serves as the majority shareholder of Hestia, alongside King. Fishwick expressed optimism about their venture, highlighting previous challenges faced in 2021 but indicating a renewed focus and strategic approach in their current endeavour.

Having secured £1 million in seed funding last year, Hestia Hospitality has already completed three acquisitions, including the Native restaurant and a minority stake in All Things Bloom, a specialist coffee brand. Additionally, the consortium is in advanced negotiations to acquire two larger businesses, indicating their commitment to expansion and growth within the sector.

Fishwick emphasised their intention to diversify beyond London, targeting regional and international markets, capitalising on attractive opportunities amidst a shifting economic landscape. Despite challenges in garnering investor interest in the hospitality sector, Fishwick believes that Hestia’s successful fundraising demonstrates a changing tide and growing investor confidence in the premium end of the market.

Backed by private family offices and high-net-worth individuals, Hestia Hospitality aims to identify businesses that have weathered the pandemic and possess strong growth potential. Fishwick underscored the importance of seizing opportunities in an industry experiencing pent-up demand and favourable market conditions.

With a focus on strategic acquisitions and rapid expansion, Hestia Hospitality aims to inject momentum into its growth trajectory. Fishwick expressed enthusiasm for their ambitious plans, envisioning a dynamic future for the consortium as they navigate the evolving landscape of the hospitality sector.

Read more:
Justin King Backs £50m Fund to Invest in Hospitality Firms

0
FacebookTwitterGoogle +Pinterest
previous post
Trump’s Truth Social Faces Investor Exodus as $58M Losses Surface
next post
Interpath Advisory Faces Losses as Middleton Family Business Collapses

You may also like

Next and Frasers Group vying to acquire troubled...

April 9, 2024

Three quarters of ousted Tory MPs eyeing a...

January 4, 2025

Loss of tax-free tourist shopping blamed for Selfridges...

May 9, 2024

Santander tightens hybrid working rules, urging staff back...

September 8, 2024

Boris Johnson in talks over potential telegraph role...

August 13, 2024

Secrets of Success: Kubair Shirazee, Agilitea

September 29, 2023

Finding clarity in your business

July 20, 2024

Entain and McLaren F1 Team open the doors...

January 17, 2023

Jobcentres should help over-50s back to work, says...

January 10, 2023

Aviva agrees £3.7bn deal to acquire Direct Line,...

December 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Marco Rubio holds first meeting with families of hostages held by Hamas

      June 28, 2025
    • Trump’s NATO Turnaround: From threatening to pull US out to ‘daddy’ of the alliance

      June 28, 2025
    • Week Ahead: As NIFTY Breaks Out, Change Of Leadership Likely To Keep The Index Moving

      June 28, 2025
    • Trump’s ‘big, beautiful bill’ faces Republican family feud as Senate reveals its final text

      June 28, 2025
    • Senate shuts down Kaine’s attempt to check Trump’s war powers

      June 28, 2025
    • 3 Stock Setups for the Second Half of 2025

      June 28, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,845)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved