All news articles – Page 1558
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News
Tony Macaroni to expand across Scotland
Tony Macaroni, the Italian restaurant group, and ice cream brand Nardini’s have announced plans to grow from 12 to 20 sites across Scotland by 2015
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NewsJack raises Spirit TP
Leading analyst Douglas Jack has increased his Target Price for Spirit Pub Company from 100p to 110p after this morning’s Q1 interim management statement
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NewsSpirit Q1 Managed lfls grow 4.3%; Leased returns to growth
Spirit Pub Company has reported a 4.3% rise in like-for-like net sales in its Managed arm in the 20 weeks to 4 January - including growth of 7% over Christmas - while its Leased estate returned to like-for-like net income growth
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Bramwell's Weir joins Davy's as ops director
Sarah Weir, former commercial director of Bramwell Pub Company, has become the first female director since the 1950s to join the board of London-based wine bar operator Davy’s
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NewsAnalysts upbeat on Greene King
Leading analysts have given a positive response to Greene King’s Q3 trading update yesterday, in which it reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year
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Jim Beam producer sold for $16bn
Beam Inc, the producer of the Jim Beam drinks brand, is to be bought by Japanese drinks manufacturer Suntory for c$16bn (£9.7bn)
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Anglian Country Inns names first ops director
Anglian Country Inns (ACI), the Hertfordshire-based pub and restaurant group, has appointed Howard Nye as its first operations director
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Luminar names new chairman
Luminar, the nightclub operator led by Peter Marks, has announced that Alex Geffert is to step down as chairman on 16 January and will be replaced by Bob Brannan, former group managing director of Whyte & Mackay and William Grant Distillers and Rangers Football Club
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NewsPV begins sandwich delivery rollout
Patisserie Valerie has launched its online sandwich delivery service in central London following a successful the trial in Leeds city centre
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NewsGreene King managed lfls rise 6.3% over festive fortnight
Greene King, the brewer and pub operator, has reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year, including sales on Christmas Day up 12%
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Everards eyes six acquisitions in 2014
Everards managing director Stephen Gould has told M&C Report he hopes to add around six sites this year, as the company reports a 1.7% rise in profit before tax and exceptionals to £1.6m in the year to 30 September
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NewsJimmy’s further strengthens management team
Jimmy’s World Kitchen has further strengthened its executive team with the appointments of a new property director and operations director as it gears up for its next stage of growth
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Peach eyes acquisitions as festive lfls grow 7.1%
Peach, the Oxfordshire-based multiple pub operator, says it’s looking to secure one or two more new sites this year as it reports a 7.1% rise in like-for-like sales in December
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NewsHall & Woodhouse secures £20m loan
Hall & Woodhouse, the Dorset-based brewer and pub operator, has secured a £20m, three year loan from M&G Investments to help it acquire and and invest in new pubs
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NewsSugar campaigner: Responsibility Deal is 'crazy'
The chairman of the new campaign group that aims to reduce sugar in foods has told M&C Report he favours a voluntary approach, but if that doesn’t work “we’ll have to legislate” or push for a “sugar tax”
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Koh Thai Tapas begins £2m fundraising drive
Koh Thai Tapas (KTT), the Thai tapas concept, has announced plans to raise £2m via online loan funding platform Thincats, as it looks to double its estate to eight sites by the end of 2014
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NewsPalmers targets acquisitions and investments
Palmers, the Dorset-based brewer and pub operator, has told M&C Report that turnover in its tenanted pubs grew 5% in the year to November, and that it’s actively looking to make acquisitions and investments in 2014/2015
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NewsNew Year, new record for M&C20
A new year, and a record week for the M&C20 Leisure Index, which leapt 5.3% to a new high of 1,232 – driven by stellar share price performances from some listed pub and restaurant companies
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Columbo Group secures two renowned venues
Columbo Group, the London-based multiple operator headed by former Fabric head of promotion Steve Ball and Riz Shaikh, has bought two renowned bar and music venues in East London, M&C Report has learnt
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News
WPC Inns in administration
WPC Inns, the multiple operator led by Nick Long, has been placed into administration just over a year and a half after the business emerged through a pre-pack process out of Windsor Pub Company