Pubs, Bars & Clubs News – Page 151
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Stonegate investment package sold for £23m
A package of 13 freehold pubs has been sold off-market by Aprirose Real Estate Investors to BlackRock, in an off-market deal, for £23m.
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Deltic postpones IPO plans
Deltic Group has put back plans to explore an IPO or another type of exit until at least next year
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Urban acquires Kentish Town site
Urban Pubs & Bars has secured its 11th site and has two more in the pipeline, MCA understands.
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True North revives Waggon & Horses
True North Brew Co has more than doubled takings at its recently acquired Waggon and Horses pub in Sheffield from less than £10k a week to more than £25k since it reopened in March, founder Kane Yeardley told MCA.
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Adventure Bar to launch JV with Bourne Capital
Adventure Bar Group has secured its sixth site and finalised the operating model for its fifth opening, MCA has learnt.
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ETM founders to launch Long Arm brewpub
ETM Group founders, Tom and Ed Martin, are to open the first pub for their Long Arm Brewery brand, in Shoreditch.
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Jack: Expect strong results from Fuller’s
Leading analyst, Douglas Jack, of Peel Hunt, has said he expects Fuller’s to deliver a strong set of results next week.
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EiG launches guides for publicans
Ei Group has launched a new series of guides designed to help new and existing publicans with training and best practice.
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NewsHeartstone FY lfls up 4%; grows to 14
Heartstone Inns saw like-for-like sales increase 4% in 2016, a year in which it grew to 14 pubs.
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NewsStout on learnings from first GI pub in Europe
Ken Stout, president of Goose Island, has told MCA that the brand’s first European pub – in Balham – has highlighted differences in beer tastes across the pond.
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Pubs ‘have lost £600m fruit machine income since 2007’
The decline of income from fruit machines is “sucking the life out of pubs”, one expert has insisted.
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Jack: MRO threat a damp squib
Peel Hunt analyst Douglas Jack has described the threat posed to pubcos by the Market Rent Only option, enshrined in the pubs code, as a “damp squib”.
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NewsVeeno expansion continues
Veeno is to continue its roll out across the UK, with the opening of its first site in the West Midlands
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MRO taken up by just eight licensees
Only eight licensees have taken up the market-rent-only (MRO) option across five of the six pubcos governed by the pubs code since it came into force in July 2016.
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Joule’s to return to acquisition trail
Joule’s Brewery managing director Steve Nuttall has told MCA that the group is to focus on an organic growth rate of two new Brewery Taps a year.
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Provenance Inns MD steps down
Provenance Inns – the seven-strong gastropub and hotel operator – has announced the resignation of co-founder and managing director Michael Ibbotson.
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Over £10k raised to buy drinks for Manchester hospital staff
A crowdfunding page has now raised over £10,000 to cover the bar tab for staff working at a Manchester hospital treating victims of Monday’s terrorist attack
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NewsBrakspear eyes 20 managed sites by 2020
Brakspear chief executive Tom Davies has told MCA the group is targeting 20 managed sites by 2020 and has developed its first rollout vehicle.
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NewsYoung’s FY managed lfls up 4.7%
Young’s has reported like-for-like sales up 4.7% in its managed houses for the 53 weeks to 3 April.
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Life Goddess considers pub for Crete offer
The Life Goddess is looking to open a new pub-restaurant this year specialising in Cretan cuisine, MCA has learnt.