Pubs, Bars & Clubs News – Page 128
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Safe Spaces play a vital role in night-time economy
According to a new report by MAKE Associates, safe spaces play a key role in alleviating pressure on police resources and local accident and emergency departments and could return over £100m per year to the NHS.
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Beavertown closes Duke’s Brew & Que
Beavertown Brewery, the North-east London-based operator, has closed Duke’s Brew & Que, its craft beer and bbq concept site with immediate effect
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Restaurant spend up 12% in November
Transactions in restaurants grew 19% in November compared to the same month last year but average transaction value fell 5.9%, according to the latest figures from Barclaycard.
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NewsCamerons confirms Birmingham HoS opening
Camerons Brewery has confirmed it will carry out its biggest single site investment, after securing the former Temple Street Social site in Birmingham for its Head of Steam Brand.
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NewsLaine acquires Distinct Group
Laine Pub Company, the Brighton and London based operator, has acquired the four-strong Distinct Group, taking to a 60-strong estate.
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Amber secures new backing and £100m growth fund
Amber Taverns, the c140-strong wet-led pub operator, has secured new investment from former Admiral Taverns’ backers, Ares Capital Management, MCA has learnt.
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NewsGK ‘not looking to exit value food’
Greene King chief executive Rooney Anand stressed the group is adapting its strategy to address a changing market
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Final One Sixty site sold
The remaining One Sixty site in the City has been sold to a new operator called Damien McCrystal
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Brakspear confirms Wendlebury pub acquisition
Brakspear has confirmed it has purchased The Lion pub in Wendlebury, just outside Bicester, as flagged up by MCA earlier this week.
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NewsMarston’s: Firebrand; Accent; Millennials and pub/lodge hybrids
Marston’s chief executive Ralph Findlay spoke to MCA on the back of yesterday’s full-year results announcement.
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Butcombe adds to pub estate and opens depot
Butcombe Brewing Company has confirmed two new pub acquisitions and announced the opening of its new Bridgwater depot.
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Marston’s FY managed lfls up 0.9%
Marston’s has reported like-for-like sales in its managed division Destination & Premium, up 0.9% for the year to 30 September.
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NewsGK Pub Company lfls down 1.4% in H1
Greene King has reported on a challenging first half of the year in which like-for-like sales in its managed Pub Company division fell 1.4%.
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Brakspear takes on 11th managed pub
Brakspear has secured its 11th managed site after taking on the Lion in Wendlebury, Bicester, MCA has learnt.
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Be At One breaks £50 an hour productivity milestone
Be At One has broken through a key labour productivity milestone with revenue per labour hour now exceeding £50 per hour.
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Khan to crack down on pub developments
Mayor of London, Sadiq Khan is to urge planning authorities to resist applications to redevelop areas directly connected to pubs.
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Frawley eyes 20 sites for East London Pub Co
Irish restaurateur Padraic Frawley is planning to build an estate of up to 20 pubs in London after securing a second site in the capital.
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Backhouse to step down from Marston’s board
Nick Backhouse has stated his intention to step down from the board of Marston’s
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Analyst corner: Hickman on Fuller’s
Paul Hickman at Edison Investment Research says that amid wavering signals from the consumer economy, and numerous cost pressures, Fullers’ business provides a reassuring picture
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Heroic secures ASK in Fleet
Unique Hospitality Management, the pub group led by Andrew Coath, has secured a further site for its leasehold arm, Heroic