All news articles – Page 1452
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Property agents dispute pub closure figures
Pub property agents have disputed the Government’s predicted pub-closure figures as a result of a statutory code and claimed the legislation could encourage newcomers to join the trade
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Vianet welcomes an end to uncertainty
Vianet, the beer monitoring equipment provider, saw a decline in revenue for the year ending 31 March 2014 as it felt the impact of the impending Statutory Code and the revisions on how flow monitoring equipment should be used by pub companies
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PPL and PRS quiet on merger claim
PPL and PRS for Music, the music licensing bodies, have remained tight-lipped on whether they will merge after concerns were raised over their ‘illogical’ relationship
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Five Guys lifts Bluewater
Bluewater, the 1.6m sq ft shopping centre owned by Land Lease, saw sales of its catering brands rise 11% in May against the same month last year, fuelled by the opening of Five Guys there in April
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Thwaites names ex-Novus chair Barnes as a NED
Daniel Thwaites, the Lancashire brewer and pub operator, has appointed industry veteran and former Novus Leisure and La Tasca chairman John Barnes as a non-executive director
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Barrafina opens second site
Barrafina, the tapas bar and restaurant in Soho, is opening a second site Covent Garden in July
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Lima doubles up
Lima, the Michelin starred Peruvian restaurant in Fitzrovia, is opening its second site in London at Covent Garden in July
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Enterprise launches MatchPint across pubs
Beacon pubs, the tenanted arm of Enterprise’s pub estate, is rolling out MatchPint to more than half of its pubs in time for the World Cup after a trial scheme last month
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NewsTGI confirms Gloucester Quays opening
TGI Friday’s has confirmed that it will open a site at the Gloucester Quays development on 1 August
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Equity investors focus on out of town restaurant sites
Equity investors in the leisure sector are increasingly interested in restaurants outside of London away from the high street for investment opportunities
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NewsPunch relaunches licensee training programme
Punch Taverns has relaunched its licensee training programme
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ALMR urges business rates overhaul
The Association of Licensed Multiple Retailers (ALMR) has called for the Government to overhaul the current business rates system to “reduce the burden” on the industry
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Freehold of BrewDog bar sold for investment
The freehold of a west London pub of which BrewDog is the tenant has been sold off a guide price of £1.25m
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NewsPizza Hut UK to accelerate refurbs, reports FY operating profit
Pizza Hut UK plans to accelerate its refurbishment programme next year by investing in a further 90 restaurants, after seeing like-for-like sales at invested sites grow 20 to 25% on average, CEO Jens Hofma has told M&C Report
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NewsFuller's buys 51% stake in cider and pizza restaurant business
Fuller’s, the London-based brewer and pub operator, has acquired a 51% stake in The Stable, a six-strong craft cider and pizza restaurant business for £7.3m
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NewsSpirit Q3 managed lfls rise 6%
Spirit Pub Company has reported a 6% rise in like-for-like sales in its managed estate in the 12 weeks to 24 May, with like-for-like net income in the leased arm accelerating to 5.3%
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NewsBath Ales adjusted EBITDA nears £1m
The parent company of Bath Ales, the brewer, pub and restaurant operator led by Robin Couling, achieved EBITDA of c£950k in the year to 31 August 2013 on turnover up 37% to c£14m when adjusted for a consolidation process that concluded at its year-end
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SSP eyes Tube station opportunities
SSP, the travel concessions operator, is in talks with Transport for London to install outlets at underground ticket stations that are soon to be redundant, the Evening Standard reports.
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Three ex-Matterhorn nightclubs change hands
Three nightclubs formerly operated by MKAP Leisure Limited have been sold as part of administration proceedings
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NewsChilango raises funds with 'Burrito Bond'
Chilango, the Mexican restaurant group, has launched a mini-bond with fundraising group CrowdCube to raise £1m to expand its estate by three more restaurants this year