All The Deltic Group articles
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Analysis & InsightIs late night dead?
As Revolution Bars Group and Rekom UK struggle with a decline in night-time revelling among young people, MCA’s new writer Simon Brooke takes a look at whether the tried and tested evening bar format is past its sell-by date, and explores how operators are having to innovate and fight harder than ever for a share of consumers’ wallets
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NewsRekom UK: ‘Our 200-site target might take longer to reach than planned’
The late-night operator is doubling-down on its cluster strategy, which will entail the closure of several single sites in some of the UK’s smaller towns and cities, chairman Peter Marks reveals
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NewsLuminar founder makes late-night return
Stephen Thomas, founder of Britain’s largest nightclub group Luminar, is making his return to the late-night sector with a new bar and nightclub business.
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Analysis & Insight‘The delay is devastating for us’
There was a sense of resigned frustration and grudging inevitability about last night’s announcement from Boris Johnson.
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Analysis & InsightOpening night: ‘All very calm, well behaved and respectful’
Having waited months to welcome customers back inside, for one operator, 17 May was just like a normal Monday.
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InterviewsPeter Marks: ‘We don’t want to reopen with masks, mist and panels’
Rekom UK CEO Peter Marks has said he would rather “wait a little bit longer” for reopening, than dilute the nature of the business’ offer.
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InterviewsRob Pitcher: ‘Landlord’s behaviour in crisis will determine future partnerships’
Hard-lined landlords refusing to “play ball” in rent negotiations will be remembered by the industry going forward, MCA’s The Conversation has heard.
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InterviewsPeter Marks: ‘Deltic was left hamstrung by sales process’
Peter Marks has never been one to downplay the devastation this crisis could have on his business.
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NewsDeltic sold for £10m
UK nightlife operator Deltic was bought out of administration by Rekom for £10m, accounts from administrator BDO have revealed.
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NewsDeltic files for administration
Nightclub operator Deltic has filed a notice to appoint administrators. The group, which owns late-night brands including Pryzm and Bar and Beyond, announced its intention to sell in October, but has been as yet unable to secure a buyer. Over the last few weeks, private equity firms Greybull Capital and Aurelius emerged as interested parties in the group, but Scandinavia bar operator Rekom Group has since come to the fore as the preferred bidder to buy Deltic through a pre-pack administration. It’s understood that any deal could see the permanent closure of some of its 52 sites.
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NewsDeltic warns landlords of collapse without sale
Nightclub operator Deltic has warned landlords that it faces collapse unless a sale is agreed imminently, Sky News reports.
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NewsDeltic asks for £1m-a-month government support to see it through sales process
The Deltic Group has asked government for a £1m-a-month bailout as it continues its sales process, the Mail on Sunday reports.
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NewsDeltic seeks new equity
Night club operator Deltic has appointed advisors BDO to identify new investment.
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InterviewsDeltic CEO Peter Marks: ‘We’re innocent until proven guilty’
There has been no evidence to support government suggestions that hospitality is to blame for the rise in coronavirus cases, and therefore the industry should be considered “innocent until proven guilty,” Deltic CEO Peter Marks has told MCA.
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NewsThorndycraft leaves Deltic
Jason Thorndycraft, chief operating officer of The Deltic Group, is leaving the role following a restructuring of Deltic’s management structure.
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NewsPeter Marks: ‘Eden is not where we want it to be’
The Deltic Group’s new Eden concept is “a work in progress”, chief executive Peter Marks has told MCA – but the plan is to expand it once the kinks are ironed out.
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NewsMCA Introduces: Eden
The UK’s biggest nightclub operator, the Deltic Group, will unveil new brand, Eden, this summer into the Tiger Tiger sites it acquired last year. The move will push the company into daytime trading for the first time and could provide it with a new growth driver. Deltic’s chief executive Peter Marks talks James Wallin through the concept.
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NewsDeltic sees pre-booked xmas sales up 5% YOY
The Deltic Group has seen a 5% like-for-like sales increase in pre-bookings for Christmas, MCA has learnt.
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NewsLuminar announces rebrand and ‘change of direction’
Luminar has announced it is rebranding as it seeks to develop a late night bar business to run alongside its existing nightclub estate.