Tortilla Mexican Grill (MEX)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 112.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 182.00
  • 52 Week Low: 85.00
  • Currency: UK Pounds
  • Shares Issued: 38.66m
  • Volume: 12,631
  • Market Cap: £43.50m

Tortilla to buy rival Chilango for up to £2.75m

By Michele Maatouk

Date: Monday 23 May 2022

LONDON (ShareCast) - (Sharecast News) - Mexican restaurant group Tortilla has bought rival Chilango from investment firm RDCP Group for up to £2.75m in cash.
Tortilla said on Monday that the deal strengthens its position as the UK's leading fast-casual Mexican chain and accelerates its expansion across the UK, which is a key pillar of its long-term growth strategy.

The acquisition further bolsters Tortilla's presence in central London, with six of the eight units being in Zone 1.

Tortilla chief executive Richard Morris said: "Chilango is a highly complementary brand that, similarly to Tortilla, provides a fantastic value-for-money proposition and embraces popular and growing sector trends for healthy, customisable food from an estate of restaurants situated in premium locations in London and Manchester.

"This acquisition accelerates our ambitious plans to further expand the Tortilla brand and these sites are in addition to our initial target of opening 45 UK restaurants over the next five years, helping us to surpass this target. It also adds another brand to the Tortilla Group, enabling us to further strengthen our leading position in the UK's fast-casual dining market."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MEX Market Data

Currency UK Pounds
Share Price 112.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 182.00
52 Week Low 85.00
Volume 12,631
Shares Issued 38.66m
Market Cap £43.50m

MEX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.94% below the market average49.94% below the market average49.94% below the market average49.94% below the market average49.94% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Price Trend
36.98% below the market average36.98% below the market average36.98% below the market average36.98% below the market average36.98% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income Not Available
Growth
16.30% above the market average16.30% above the market average16.30% above the market average16.30% above the market average16.30% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average

MEX Dividends

No dividends found

Trades for 30-Jan-2023

Time Volume / Share Price
16:35 460 @ 112.50p
16:35 10 @ 112.50p
16:35 450 @ 112.50p
14:55 1,000 @ 113.00p
14:55 1,000 @ 113.00p

MEX Key Personnel

CEO Richard Morris
CFO Andy Naylor

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