All City Pub Company articles – Page 3
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NewsCity Pub trading at 90% of 2019 levels
City Pub Group has said it is now trading at 90% of the levels seen in 2019, from the 42 pubs it has opened since outdoor trading commenced in April.
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Analysis & InsightRestrictions are ‘increasingly difficult to police’
Pubs cannot be expected to force customers to obey lockdown rules after Boris Johnson delayed the final step of reopening, bosses have said.
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InterviewsCity Pub Group: ‘Pubs have chance to shine in the spotlight’
Pubs are in a good position to really “put themselves in the shop window” and show customers that you can have a “relatively inexpensive, good fun time, down your local,” Clive Watson, chairman, City Pub Group has said.
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NewsCity Pub Group looks to future despite losses
City Pub Group has posted 2020 losses of £6.5m as its estate was heavily impacted by lengthy closure periods.
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NewsCity Pub estate ‘virtually unique’ in sector
City Pub Group chairman Clive Watson describes the group’s estate of predominately freehold high-quality managed pubs is “virtually unique in the pub sector”.
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NewsCity Pub stakes pave way for full control
City Pub Group’s acquisition of stakes in two high quality and complimentary businesses, pave the way for full control in the future, according to analysts Liberum.
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NewsClive Watson: ‘More pub operators will be looking to market towns’
It is likely that increasing numbers of pub companies will look to vibrant market towns for new sites as fewer people are expected to return to the office full time post-pandemic, Clive Watson, chief executive, City Pub Group has said.
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NewsCity Pub Group appoints NED
The City Pub Group has appointed Emma Fox as an independent non-executive director.
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Analysis & InsightRoadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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NewsCity Pub Group ‘well positioned to emerge strongly’
The City Pub Group has secured a further £5m in liquidity through the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) as it sees sales plummet 57% year-on-year.
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InterviewsCity Pub Group CEO Clive Watson: ‘250 jobs at risk without better support scheme’
Up to 250 jobs could be at risk at City Pub Group without an improvement in the chancellor’s Job Support Scheme, CEO Clive Watson has told MCA. Given the continued closure of certain premises – the group has reopened 37 of its 48-strong estate – Watson said that Sunak’s proposed 33% wage subsidy plan will not be sufficient to support pubs that are still closed, or those where operating hours have been significantly reduced.
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News
Five minutes with…. Clive Watson, City Pub Co
This week, MCA spends five minutes with City Pub Co chairman Clive Watson to discuss Brexit, IPOs, why doing the simple things well can lead to the best experience and why he admires Drake & Morgan and John Lewis.
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