Pubs, Bars & Clubs News – Page 11
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Everards returns to profit
The Leicestershire-based brewer and pub operator reports like-for-like sales growth of 6.3% in the nine months to June 2023
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Brasserie Bar Co to rebrand as Heartwood Collection
The Alchemy Partners-backed group is planning to grow to 60 locations by June 2027, with a core focus on premium freehold pubs with rooms
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Nightcap acquires Dirty Martini in £4.65m deal
The late-night bar operator has entered into an asset purchase agreement to acquire Dirty Martini’s 10 bars, as well as Tuttons Brasserie in a pre-pack deal
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BrewDog bars help drive 20% sales growth in 2022
Its new flagship Waterloo and Las Vegas sites have performed above expectations and offer a clear example of how it sees its bar estate evolving, CEO James Watt said.
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Adnams reports £1.2m operating loss for FY22
Despite significant pressure on its underlying cost base, the business reported a £7m rise in revenue to £64.2m, and a positive EBITDA of £2.7m for the period.
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City Pub achieves 20% sales uplift; secures majority shareholding in Mosaic
The group reported a like-for-like sales increase of 13% for the first 23 weeks ended 4 June 2023, which it said would have been higher had it not been for the impact of the rail strikes.
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‘The billionaires have won’: English pubs forced to close after owners demand full rent for lockdown
Publicans face bankruptcy and homelessness after losing their fight with Tory donors against Covid rent back-payments, The Observer reports
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BrewDog: Train strikes are devastating for business
Bars CEO James Brown said sales were down as by as much as 76% at its central London and travel hub adjacent locations
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Book your tickets to MCA’s Pub Conference
Headline speakers include JD Wetherspoon’s chairman Tim Martin, Sarah Willingham, CEO, Nightcap and Stonegate chairman and founder Ian Payne
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The Alchemist to build presence in London
The bar and restaurant group has lined up two locations in the capital, near busy transport hubs, and is committed to locations that “will really sing” CEO Simon Potts tells MCA
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Admiral invests £1m in Proper Pubs
The community pub division, which has more than 170 sites across Britain, has invested the funds in four pubs in Middlesbrough, Harlow, Preston and Wigan
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Young’s overcomes cost pressures to deliver profit growth
Revenues increase 19.4% to £368.9m, boosted by sunshine, the winter World Cup, and the recovery of the City and central London
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BrewDog to roll out across air and rail hubs
The deal with SSP will see the craft beer company open in Gatwick Airport in December
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Full agenda revealed for MCA Pub Conference
Hear from BrewDog, Punch Pubs & Co, Admiral Taverns, Oakman Group, Rekom UK and many more at the event at the HAC London on 20 June.
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Grace Land buys London Fields Brewery site
The London based pub operator will launch new concept taproom and brewery concept Saint Monday at the Hacknew site
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Mitchells & Butlers reports strong half-year growth
The pub and restaurant group reported like-for-like sales growth of 8.5% for the 28 weeks ended 8 April 2023, and profit before tax of £40m.
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Marston’s: Costs and confidence steadily improving
The pub company has delivered revenue and operating profit growth, against a tough but increasingly stable macroeconomic environment
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Punch sees half year revenues up, but profits down
The group has reported an uplift in revenue to £158.1m for the 28 weeks to 26 February 2023, with a stronger performance in the second quarter compared to 2022
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Stonegate’s Suzanne Baker to step down as commercial director
Baker has announced her intention to retire from her current role and will take on a role on the board as a non-executive director.
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Urban Pubs & Bars confident it can ride out the storm
The group has seen strong like-for-like trading of +13% in FY22/23 and is actively looking for additional sites to add to its London-based pub, bar and restaurant estate