Coppa Collective revenue rises 8% to £56.4m in FY26
The group behind Coppa Club and the Italian brand Noci returns to like-for-like sales growth and credits tighter cost control after buying four pubs from Grosvenor.
Coppa Collective, the hospitality group formerly known as Various Eateries, reported revenue up 8% to £56.4m for the year to 27 September 2026. Adjusted EBITDA reached £2.8m, and group sales grew 2.2% in the fourth quarter, marking a return to like-for-like growth.
The group runs 15 Coppa Club venues, the four-strong Italian restaurant brand Noci, and the newly formed Linwood Collection of pubs with rooms. Coppa Club sales grew 2.6% in the quarter, ahead of the group average, while Noci's smaller estate continues to find its footing against a crowded field of Italian concepts.
Coppa Collective attributes the improved underlying earnings to operational performance, labour productivity, purchasing and cost management, rather than to opening new sites. In March, the group paid £11.25m for four pubs with rooms from Grosvenor Pubs and Inns, forming the Linwood Collection.
Securing a predominantly freehold collection of premium pubs at an attractive multiple.
A pub deal built for the long term
Chief executive Mark Loughborough called the acquisition a freehold deal done at an attractive multiple, language that points to buying for asset value as much as trading potential. "Securing a predominantly freehold collection of premium pubs at an attractive multiple," he said, without disclosing the exact terms.
On the year overall, Loughborough said: "FY26 has been a positive year for Coppa Collective," adding that the group expects to report a doubling of adjusted EBITDA alongside higher revenue when full-year results are published in the coming weeks.
Cost control over expansion
The results land as UK hospitality insolvencies remain elevated, even after a fall from their peak, and as operators across the sector face pressure on wages and staffing costs. Coppa Collective's approach, consolidating a smaller freehold estate rather than chasing rapid unit growth, reads as a bet that resilience now beats scale.
Loughborough said the more efficient operating model built this year will support further growth, though the group has not detailed where its next openings might land, nor whether the Linwood pubs will keep their existing names.
