All Fuller’s articles – Page 5
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NewsFullers hails “Year of Change”
Fullers has said sales were up 4.3% for the six weeks over Christmas and New Year, and 2.5% for the 42 weeks to 18 January 2020. Food, drink and accommodation all delivered like for like growth. However, tenanted like for like profits were down 3%.
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NewsPaying Tribute
Having joined the company as an apprentice in 1980, St Austell Brewery’s CEO James Staughton officially bows out on 31 January after an impressive four decades at its helm. Here, he shares a slice of his Cornish past with Stuart Stone and chews over his hopes for the future
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NewsM&A Review of the Year
It certainly hasn’t been a year in hospitality M&A for the faint hearted, but for those who have stuck with the sector and taken a long-term view, opportunity has knocked. Despite fears of an investor hiatus as a result of lingering uncertainty (ongoing Brexit delays certainly haven’t been helpful to M&A advisors!), the past 12 months has again proved the robustness of the M&A market in this sector, and points to further opportunities for 2020.
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News2020 expansion planned across Fuller’s entire estate
Fuller’s tenanted profits dip a “short term blip,” as it plans continued expansion into 2020, CEO Simon Emeny told MCA.
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NewsSales up at Fuller’s after transformational start to the year
Fuller’s has made a “solid” start to its premium pubs and hotels business, as it released its financial results for the half year to 28 September 2019. It said it had made £164.5m profit from the sale of its beer business to Asahi, that sales were up 6% to £174.8m ...
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NewsThe Dom Walsh Awards
Our monthly columnist from The Times hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse…
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NewsFuller’s to open at Wembley Park
Fuller’s set to open a 8,200 sq ft pub and restaurant on £3bn Wembley Park development.
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OpinionChange is happening everywhere
Seismic shifts are sweeping through the sector thanks to a combination of M&A, technological developments and consumer behaviour. Who knows what’s going to happen next?
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NewsFuller’s warns over beer co transition costs
Fuller’s has warned that the transition costs of selling its beer business to Asahi have been “materially higher” than expected and will have a short-term impact on the group’s financial performance.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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Opinion
Brigid Simmonds: ‘We can’t keep every pub open’
Outgoing British Beer & Pub Association chief executive Brigid Simmonds examines her time in the role.
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NewsEmeny: ‘Deal gives us critical mass in the Cotswolds’
The acquisition of Cotswold Inns & Hotels is a great geographical fit for Fuller’s and gives it the critical mass it was looking for in the region, chief executive Simon Emeny has told MCA.
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NewsFuller’s to acquire Cotswold Inns & Hotels in £40m deal
Fuller’s has exchanged contracts in a £40m deal to acquire Cotswold Inns & Hotels.
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Opinion
How to give hospitality the personal touch
Using machine learning and AI could deliver huge benefits to hospitality, but there are challenges. MCA and Punchh brought together marketing and IT directors to discuss how best to do it.
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NewsFuller’s develops new all-day dining concept
Fuller’s has invested c.£2million in a new all-day dining concept at The Chamberlain Hotel in the City.
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NewsFuller’s updates on trading, capital return and departures
Fuller’s has revealed like for like sales in managed pubs and hotels are up 2.5%, in the 22 weeks to 31 August 2019.
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Analysis & InsightBDO: Whose round is it next?
As M&A activity continues at a pace in the pub sector, BDO’s M&A director Tom Barnard and M&A manager Hugh Ripley look at the common themes being seen across the pub market and who might be on the receiving end of a bid next.
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NewsUnBarred merges with Holler for Brighton brewhouse
Cult craft beer brand UnBarred is launching a new brewery and taproom after merging with Holler, MCA understands.
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OpinionAnalysts’ verdict: Berenberg on Greene King
Analysts at Berenberg have said they expect the acquisition of Greene King by CK Asset Holdings to be approved by shareholders and as a result has upgraded its rating to ‘hold’ and increased its price target to the offer price.
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Analysis & InsightGreene King: A bid out of the blue
The dust had barely settled in the pub sector following the news that Stonegate had reached an agreement to buy Ei Group for £1.27bn, when another bombshell hit in the form of an outside investor looking to snap up Greene King.