All Fuller’s articles – Page 6
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NewsThree Joes CEO Tim Hall: ‘Everything is an option’ in The Stable acquisition
Although Three Joes primary objective at present is to get its newly acquired pizza chain back to trading, CEO Tim Hall isn’t ruling anything out when it comes to managing the new brand.
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NewsThree Joes acquires The Stable
Three Joes, the sourdough pizza and craft beer restaurant chain, has acquired 14-strong The Stable pizza chain from Fullers for an undisclosed sum.
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NewsFuller’s approves £100m CCFF loan
Fuller’s has approved the issue of commercial paper under the Covid Corporate Financing Facility (CCFF) for an initial loan of £100m.
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NewsRural hospitality faces ‘toxic recipe’ of challenges
The rural economy faces devastation and rural hospitality collapse without longer term support, an open letter to Prime Minister Boris Johnson has warned.
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NewsEmeny: Social distancing could be ‘catastrophic’ for pubs
Fuller’s CEO Simon Emeny has warned company revenue could be down by as much as 80% under social distancing measures.
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NewsRent cancellations: ‘As soon as you do it for one, you have to do it for everyone’
Rent has emerged as one of the central and most polarising issues during the coronavirus crisis, creating an us versus them dynamic as operators look to drastically cut costs and wind down their businesses.
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NewsFuller’s puts 95% of staff on furlough
Fuller’s has placed over 95% of its staff on furlough, and will top up wages that exceed the £2,500 Government cap.
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NewsEi and Punch extend rent deferral
Ei Group and Punch Pubs are the latest pub companies to extend the deferral of rent and other payments as the coronavirus pandemic continues.
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NewsFuller’s in a ’strong financial position’ to weather crisis
Fuller’s is in a “strong financial position”, with an excellent relationship with its banks, a healthy balance sheet and significant liquidity headroom.
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NewsLoungers, Fuller’s and BRG announce closures, to-go transitions continue
Loungers is the latest operator to announce an estate-wide temporary restaurant closure due to the impact of COVID-19, and Fuller’s will close all London pubs.
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NewsInterest rate cut to 0.1% amid turmoil for listed restaurant and pub groups
The Bank of England has cut interest rate to 0.1%, while announcing £200bn of quantitative easing.
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NewsListed groups make heavy losses amid coronavirus bloodbath
Listed restaurant and pub suffered a day of carnage today as the coronavirus outbreak took its toll on operators’ share prices.
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NewsFuller’s, Stonegate, Punch and more triumph at Publican Awards
The best pub and bar operators were celebrating success with nearly 1,500 people from the sector at the Publican Awards 2020. The industry’s top companies attended the event at Evolution London for a night which looks to celebrate excellence across the pub and bar business, all mc’d by top comedian Rob Beckett. The evening saw a broad mix of pub companies take home titles with Stonegate (Best Pub Employer - 501+ Employees), Liberation Group (Best Food Offer) and the Inn Collection Group (Best Pub Employer - up to 500 Employees) celebrating success for the second year on the run across their categories.
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NewsFuller’s appoints Eastwood to oversee London
Fuller’s has appointed Kate Eastwood as operations director - city, to oversee the running of its London division.
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NewsBill’s CFO departs after less than six months
Bill’s chief financial officer Nick Gray is the latest senior figure to leave the Richard Caring-backed restaurant group, MCA understands.
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NewsRetailers’ Retailer full nominees list revealed
The finalists for MCA’s Retailers’ Retailer Awards 2020 have been announced, with the cohort reflecting a diverse and vibrant range of eating and drinking out operators.
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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.