Steve Braude
Partner & Managing Director, London
New World Trading Company wins this year's award, following strong performance from pub and bar operators
This year's index – which monitors compound annual profit growth in the period 2014 to 2017 – illustrates that M&A activity in the eating and drinking out sector remains robust, with 22% of the top 50 either acquired or the subject of an M&A process during this year. This highlights the continuing attraction of companies with an ability to deliver consistent profit growth in a challenging market.
The success of New World highlights that current headwinds being faced by the market – cost pressure being at the forefront – can be overcome by creativity and innovation. This goes for entrepreneurs, emerging multi-site operators, established national brands or the big corporates.
