Pubs, Bars & Clubs News – Page 14
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The Alchemist makes senior promotions
David Oxtoby has been promoted to director of operations, while Michelle Gandy has been made director of finance, as the business gears up for international expansion
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Marston’s markets 61 freehold pubs
The assets are a selection of non-core properties, include a mix of leased, tenanted, retail and managed pubs
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Thorley Taverns sees revenue double
The Kent-based hospitality company saw turnover increase from £6.7m in 2021, to £13.4m for the full year to 30 June 2022.
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Pubs can stay open later for King’s Coronation weekend
Pubs, bars and clubs in England and Wales will be able to serve customers until 1am between Friday 5 and Sunday 7 May
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2,000 pubs at risk of closure without Budget support
The BBPA has called for sector support following research that estimates 288 million fewer pints will be sold in 2023/24, potentially causing 2,000 site closures
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Inn Collection to reopen 12 sites
After the completion of its refurbishment programme, the group’s estate will number 32 sites while it looks to recruit nearly 1,000 new employees
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Stonegate offers to change non-compliant rent review terms in MRO agreements
Around 70 market rent only (MRO) lessees have received an offer from Stonegate to remove the upward only open market rent review from their agreement when combined with an RPI linked rent review
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Wells & Co targeting £15m EBITDA by 2028
The independent brewer and pub operator reported an 81% increase in revenue from continuing operations, to £55.2m, for the year ended 2 October 2022.
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JDW donates to healthcare provider as part of apprenticeship levy
The pub chain has donated £200,000 to home healthcare provider Cera to fund frontline healthcare apprenticeships
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BrewDog partners with Budweiser China
The craft beer company will expand its estate and production in China as part of the deal, which will see it move its focus away from the UK for expansion
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Heavitree returns to profit despite cost headwinds
The Devon-based pub company and brewer said it had achieved a “satisfactory performance” in the face of cost pressures which have included multiple wholesale beer price increases.
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Stonegate launches Pub Partners platform as part of £10m investment
The new platform will offer publicans ideas and advice on how to grow sales, reduce operating costs and run a successful business.
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Nearly one-third of nightclubs lost since pandemic
Almost 30% of UK nightclubs have been lost, highlighting the urgency of support required by the sector, according to the Night Time Industries Association
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Night time economy losses less severe than predicted
Independent businesses have nevertheless been disproportionately impacted, the Night Time Industries Association’s summit heard yesterday
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Red Oak buys three pubs from Marston’s
The tenanted pubs are all operated free of tie, with two in the Midlands and one in the South-West
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In Pictures: Young’s launches City wine bar
The Bishop’s Vaults opens on the former Boisdale of Bishopsgate site, the intimate bar paying homage to the original features of what was once an underground cellar
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How Lancashire’s Ribble Valley became Britain’s gastropub capital
With villages around the town of Clitheroe now home to three of the UK’s top 50 gastropubs, The Guardian reports on this unique north-western take on pub dining
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How the fancy pub with rooms conquered Britain
These well-funded spruce-ups are a great improvement, but they’re forcing out idiosyncratic boozers, The Telegraph reports
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Wetherspoon struggles to offload venues
The pub operator has only sold a handful of the 35 venues it has put up for sale, amid nervousness over the cost of living crisis and uncertain market conditions
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Tim Martin: ‘We’ll get back to pre-pandemic prosperity’
The JD Wetherspoon chairman told MCA the business was still being impacted by the concerns of older customers about coming out and a change in consumer habits