|


|
Tue 20th May 2025 - Toca Social parent company secures $35m in additional funding to expand concept globally |
|
Toca Social parent company secures $35m in additional funding to expand concept globally: The parent company of interactive football bar concept Toca Social has secured $35m (£26.2m) in additional funding to help expand the brand globally. Toca Football operates Toca Soccer, the largest operator of indoor soccer training centres in North America, alongside Toca Social, which currently has sites in London’s O2 and Birmingham’s Bullring, and will launch its third UK location, at Westfield White City, on Tuesday, 1 July. The new funding includes $15m in equity, while separately, the company has also received $20m in debt financing from J.P. Morgan. The new capital will fuel Toca Social’s international growth as well as developing of Toca Soccer’s training technology. Toca Football is backed by the Major Soccer League in the US. “The combination of capital from one of the world’s premier financial institutions and our extended partnership with the world’s fastest-growing professional soccer league validates Toca’s mission,” said Toca chief executive, Yoshi Maruyama. “We’re redefining how players and fans engage with soccer – through cutting-edge training and immersive social experiences.” Following its Westfield White City launch, Toca Social will open its first US venue, at Grandscape, near Dallas, Texas, later this year. Further expansion is planned across the US and other international markets in 2026 and beyond. Last week, Toca Social president Alex Harman told Propel he sees the opportunity for further partnerships and investment. He was speaking as the company revealed the Westfield White City site will be in partnership with virtual reality brand Sandbox VR, which will take a few thousand square feet of the 30,000 square-foot former Debenhams site. Harman has previously said Toca Social is aiming for 20-30 UK sites in the long term. Toca Football features in Propel’s highly anticipated International Brands report, featuring the 100 leading international brands in UK hospitality, which has now launched. This in-depth report explores company histories, leadership structures, site numbers and turnover figures – an essential tool for industry professionals navigating the UK hospitality market. The top 100 includes expanding brands from markets such as the US, Canada, Europe, Australia and Asia. The guide comprises two files – an introductory PDF featuring deep dives into international brands from Propel’s writers, and a fully searchable Excel sheet for easy access to key data. The analysis includes Matteo Frigeri, founder of Seeds Consulting, on the challenges of recruiting the right UK franchisee, Michael Ingemann, director of Think Hospitality, on why European brands chose the UK for expansion, and Meaningful Vision founder Maria Vanifatova, examining the UK market for quick service restaurant operators. The International Brands report is available to Premium Club subscribers. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier. Email kai.kirkman@propelinfo.com today to sign up.
Village Hotels shuffles management team, hires ex-The Ivy chief technology officer: Village Hotels has made a number of changes to its management team. This includes confirmation of the appointment of Matt Ward, formerly of Greene King and Hawthorn Leisure, as its new chief financial officer, and the hiring of Jon Davis, formerly of The Ivy Collection, as its new chief technology officer. Propel revealed in March that Ward, who left Greene King at the end of last year after two and a half years, which included time as the company’s group M&A director and finance director of its partnerships and ventures division, had joined Village Hotels. The company said Davis will help shape the next phase of Village Hotels’ technology proposition. This will see him implement new internal and consumer-facing systems across the group to enhance its operations and guest experience. He was most recently chief technology officer across Richard Caring’s restaurant brands, including The Ivy Collection, Caprice Restaurants, The Birley Clubs, and Bill’s. He previously spent three years at Village Hotels as its chief technology officer, and the company said he rejoins at a pivotal time for the business. At the same time, Paul Roberts, previously chief financial officer, has been appointed chief operating officer – a newly created role within the group. Village Hotels’ new hires join the 33-strong group’s wider senior leadership team, led by chief executive Gary Davis, who said: “Strong leadership remains key to delivering exceptional guest and member experiences and driving Village Hotels’ long-term success. I look forward to Paul enhancing our operational excellence in his new role, while Matthew and Jon bring a wealth of experience, making them invaluable additions to our executive team. Today, I believe we have one of the best teams in the leisure industry, highly capable of leading the next phase of Village Hotels’ exciting growth trajectory. This will see us acquire and transform new sites, continue to evolve our customer proposition, and deliver operational best practices to cement Village Hotels as one of the UK’s most exciting hotel and leisure brands.” Brad Carter and Tom Brown to open surf and turf restaurant in London’s King's Cross: Chefs Brad Carter and Tom Brown are collaborating on a new surf and turf restaurant in London’s King’s Cross, one they’ve described as an “easy going, refined celebration of meat and seafood”. Island will be “rooted in the produce of the British Isles”, they told the Standard, but inspired by the American surf shacks that specialise in “generous, homely cooking”. The 90-cover restaurant will be housed inside the Chandelier Room at Mare Street Market in Lewis Cubitt Square. The restaurant will be, the chefs said, “a traditional steakhouse with a coastal twist”, with a cocktail bar on a mezzanine floor above the dining room. “The name is a homage to the islands I have cooked on with Tom throughout our travels, from the rugged British coasts to more tropical shores,” Carter said. “The food is proudly local, with a fierce focus on sourcing the best of what the British Isles have to offer.” Brown, who also owns the Pearly Queen in Shoreditch, said: “Island is about bringing people together over great ingredients, cooked simply. It’s surf and turf fuelled by what we’ve learnt cooking together across actual islands all over the world.” After closing Carters of Moseley in Birmingham in 2023, where he held a Michelin star for eight years, Carter was due to launch Undercroft under a church in Mayfair, but the venture fell through.
|
|
|
|
|
|
|