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Hostmore to defer new openings to 2025 amid challenging trading
The first half year of 2023 delivered a negative EBITDA of £3.8m in comparison to a positive £7.1m for the same period in 2022
Hostmore has revealed it has decided to delay any new restaurant openings until at least 2025, saving approximately £15m of cash expenditures, as it battles challenging trading conditions.
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