All Peach Pub Company articles
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NewsRevolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
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NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
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OpinionHow peachy is life on the public markets?
Dominic Walsh offers a mea culpa to Revolution Bars Group CEO Rob Pitcher over his acquisition of Peach Pubs - but questions the concept of continuing to run it as a public company
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NewsRevolution sees nationwide scope to expand Peach Pubs
The group is focusing on premiumisation, optimising outdoor spaces, and marginal gains on sales, according to CEO Rob Pitcher
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NewsRevolution sees Peach Pubs boost
The bar and pub group grew turnover to £150m, but a challenged late-night bars sector left like-for-like sales down -8.7%
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InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
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InterviewsRevolution Bars Group: ‘There is reason to be optimistic’
CEO Rob Pitcher speaks to MCA about integration and growth at Peach Pubs and like-for-like recovery in late-night bar sales
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NewsRevolution Bars faces headwinds
The group announced £76m in sales for H1 FY23, with transport strikes, declining consumer confidence, record hot weather, and cost inflation impacting profitability
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InterviewsRevolution Bars: ‘We will look to expand when the time is right’
The pub and bar operator has a strong pipeline in place but remains focused on integrating Peach Pubs into the company in the short term, CEO Rob Pitcher tells MCA
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NewsRevolution Bars Group acquires Peach Pub Company
The operator of the Revolution and Revolucion de Cuba brands has acquired the 21-strong operator of premium food-led pubs for a consideration of £16.5m as it looks to diversify its growth strategy.
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NewsPeach lines up Leamington Spa pub
MD Hamish Stoddart told MCA the gastropub operator was seeing like-for-like sales growth of 12-13% on 2019
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Analysis & InsightVAT: ‘We need a fair and sustainable system’
In anticipation of the Chancellor’s spring Budget statement this afternoon, operators tell MCA it’s critical that government extends the 12.5% VAT rate
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NewsPeach beats the trend with a ‘wonderful’ Christmas
In the five weeks of Christmas and New Year, the pub company was up 3.1% on 2019
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OpinionPeter Martin: How radical is Danny Meyer?
Danny Meyer is a hero of the global restaurant industry, never afraid to be radical or provocative.
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Analysis & InsightThe race to carbon zero
Images of stranded starving polar bears, melting ice caps and uncontainable wildfires may seem a far cry from the reality of day-to-day hospitality operations in the UK. Yet more and more leaders from within the sector and beyond are becoming alive to what is widely recognised as a global climate change emergency.
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InterviewsPeach Pubs: ‘Competition is increasing for good sites’
The property market is becoming a more competitive space, particularly in the types of location Peach Pubs operates in such as suburban locations and market towns, managing director Hamish Stoddart told MCA.
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NewsPeach reports ‘outstanding’ opening weeks
Peach Pubs has opened strongly post lockdown with its 19-strong portfolio reporting an “outstanding” first two trading weeks, as well as a search for new pubs and a raft of new initiatives focused on people, service and sustainability.
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NewsPeach Pubs: A second national lockdown would be hugely costly
Peach has released its 2019 results and offered an update on current trading. Founder Hamish Stoddart said in 2019, the business was “flat like-for-like at £27m, whilst operating profit before exceptional items was £423k for 2019, down from £671k in 2018. The decrease is a disappointment reflecting the growing cost pressure on hospitality businesses in general between 2017 and 2019.” In 2020, Peach refinanced the business, selling four freeholds for ground rent leases and removing most of its debt. It opened a new pub in Maidenhead with a £750,000 refurbishment which closed after one day alongside all UK pubs on 20 March.
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NewsPeach to reinvest in pubs following decision to end sales process
Peach Pubs has returned to “business as usual” as it continues to invest in its pubs rather than put its head back above the parapet for prospective buyers.