Coppa Club owner looking to raise £12m for growth

5th December 2023 | Jack Oliver

The owner of Coppa Club has confirmed press reports that it is looking to raise £12m to support further growth.

Various Eateries – which also owns the Tavolino and Noci concepts – said it is in advanced stages of conducting a potential fundraising at 25p a share, but said there can be no guarantee any transaction will proceed.

This comes after Sky News reported that the group, backed by entrepreneur Hugh Osmond, is looking to raise the funds to compete with its struggling rivals.

It was also reported that investment bank WH Ireland is working on the capital-raising.

In a statement released on the London Stock Exchange’s new system, Various Eateries said it is “well positioned to capitalise” on post-Covid opportunities. This particularly includes changes in consumer behaviour, as well as the availability and commercials of new sites. The group said any funds raised would be used to accelerate growth across both the Coppa Club and Noci brands.

Earlier this year, Various Eateries said it is pursuing its expansion strategy “cautiously and at a measured pace”, citing the uncertain economic background.


Looking for more retail news? you might find these interesting