Pubs, Bars & Clubs News – Page 119
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Redemption Bar launches £300k crowdfund
Dry bar and healthy eating concept, Redemption Bar, is aiming to raise £300,000 in return for a 10.71% equity stake through Crowdcube.
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Rose Pubs acquires £2.9m Leyton freehold
Rose Pubs has acquired the freehold of the William The IV Public House in Leyton, East London, for £2.9m
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Puma to begin “realisation” of Derby Pub Co estate
Puma Investments has begun the process of exiting its investment in the 14-strong Derby Pub Company
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NewsNWTC wins four at Publican Awards
New World Trading Company (NWTC) was once again the big winner at last night’s Publican Awards, operated by MCA’s sister title, the Morning Advertiser.
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Wickwar acquires Bristol pub
Wickwar Wessex, the West Country brewery and pub operator, has acquired the Black Swan in Westbury-on-Trym, Bristol on, MCA has learnt. Wickwar has launched a new food menu and added Wickwar ales to the community pub since acquiring it last month. It takes the total number of sites to 18 ...
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ACI secures ninth site
Anglian Country Inns has acquired its ninth site – the Lytton Arms, in the village of Knebworth in north Hertfordshire.
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Aprirose appoints MD for pub estate
Aprirose has appointed Daren Knipe, formerly of LT Pub Management, as managing director of its pubs and bars estate
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CBRE GI acquires London pub & restaurant portfolio
CBRE Global Investors has completed the acquisition of a portfolio of seven public houses and a restaurant in Central London
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NewsOakman to raise £10.2m for further growth
Oakman Inns is in the process of raising a further £10.2m in debt and equity to fund further growth in 2018/19.
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NewsPrice to chair Seafood Pub Company
Graham Price, the co-founder of Brunning & Price, has joined Seafood Pub Company, the 12-strong, Joycelyn Neve-led pub and restaurant group, as its new chairman, MCA has learnt.
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Lucky Voice bar sales up 20% YOY
Lucky Voice, the karaoke bar group, has announced a 20% year on year increase in sales.
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Hop Stuff has offer accepted on fourth taproom
Hop Stuff Brewery has secured a fourth taproom, the former Localist site on 38-42 St John St, Clerkenwell, as the company looks to expand following a successful crowdfunding campaign.
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NewsNWTC named sector’s fastest growing company
New World Trading Company, the Graphite-backed pub group, has been named the fastest growing company in the UK eating and drinking-out sector over the past year.
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New tax rule could change landscape for new pub funding
The introduction of the Risk-to-Capital rule could disrupt the future funding landscape for both new and growing pub businesses, a serial sector investor has warned.
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NewsNeame: ‘We have been adding bedrooms where we can’
Accommodation is likely to be an increasing focus for Shepherd Neame on the back of strong half year results, MCA has learnt.
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Charles Wells to launch £13m new brewery
Charles Wells commercial director, Peter Wells, has told MCA that the group’s new £13m brewery will allow it to tap into emerging beer trends.
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Private equity circles Laine Pub Co
Duke Street Capital, the backer of Wagamama, is one of three bidders currently in the running to acquire Laine Pub Company
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Young’s to re-open Smiths in the City as The Candlemaker
Young’s will re-open the Smiths site in the City, which it acquired last November, this spring under the name The Candlemaker
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Shepherd Neame H1 turnover up 6.3%
Shepherd Neame grew like-for-like EBITDAR 2.1% across its tenanted and leased pub estate in the 26 weeks to 23 December, while like-for-like sales in its managed arm also grew 2.1%.
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GK hits 10,000 apprentice milestone
Greene King has so far supported a record 10,000 of its team members through apprenticeship programme.