{"id":5142,"date":"2024-10-06T23:57:47","date_gmt":"2024-10-06T23:57:47","guid":{"rendered":"https:\/\/restaurantnews.co.uk\/?p=5142"},"modified":"2024-10-06T23:57:47","modified_gmt":"2024-10-06T23:57:47","slug":"farmer-j-increases-turnover-and-halves-losses-as-it-continues-to-expand","status":"publish","type":"post","link":"https:\/\/restaurantnews.co.uk\/?p=5142","title":{"rendered":"Farmer J increases turnover and halves losses as it continues to expand"},"content":{"rendered":"<p>Turnover at the health-focused QSR brand rose to \u00a317.9 million for the 52 weeks ending December 31, 2023, compared to \u00a311.1 million the previous year. The loss after tax for this period was \u00a3703,000, down from \u00a31.36 million the year before. <\/p>\n<p>Farmer J founder Jonathan Recanati expressed that the return of office workers to London has contributed to the business&#8217;s growth. He noted, &#8220;While we saw a period of significant inflationary pressures following the Covid-19 pandemic, Brexit, and the war in Ukraine, we now see a path to a more stable environment.&#8221;<\/p>\n<p>The brand operates 11 locations across the capital and is currently in advanced negotiations for several new sites. Farmer J aims to have 14 locations by year-end and plans to exceed 20 locations by 2025. Additionally, the group is exploring opportunities to expand into the US market.<\/p>\n<p>Founded in 2014, Farmer J recently secured a \u00a35.5 million investment from transatlantic venture capital firm Beringea, which will be used to further develop the brand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turnover at the health-focused QSR brand rose to \u00a317.9 million for the 52 weeks ending December 31, 2023, compared to \u00a311.1 million the previous year. The loss after tax for this period was \u00a3703,000, down from \u00a31.36 million the year before. Farmer J founder Jonathan Recanati expressed that the return of office workers to London [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-restaurant-news-uk"},"_links":{"self":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5142"}],"collection":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5142"}],"version-history":[{"count":0,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/media\/5143"}],"wp:attachment":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}