Pubs, Bars & Clubs News – Page 159
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Burning Night raises £4m in P2P loan campaign
Burning Night Group, the Leeds based bar operator, has raised more than £4m in a peer to peer lending campaign due to close tonight.
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D&M to relocate The Happenstance
Drake & Morgan is to relocate its The Happenstance site in London’s Ludgate Hill, after accepting an offer on the unit
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Pubcos to pay £1.5m to adjudicator in 2016/17
The Pubs Code Adjudicator has confirmed the details of the levy on pubcos for the financial year 2016/2017
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Draft House FY lfls up 1%
Draft House founder Charlie McVeigh has told MCA that the group is continuing to eye expansion both in and out of London
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CMA restarts Heineken/Punch investigation
The Competition and Markets Authority has restarted its investigation into Heineken’s proposed acquisition of 1,900 Punch pubs as part of its joint deal with Patron Capital.
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Second Cork & Bottle to open in Paddington
The Gresham Collective is to open the second iteration of its Cork & Bottle concept – in Paddington - 46 years after the original launched in Leicester Square.
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Mosaic to open three Birmingham sites this year
Mosaic Pub & Dining – formerly known as City Pub EIS Fund – is to grow its Birmingham estate to four this year, MCA has learnt.
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Adnams expects tenanted estate to shrink further
Jonathan Adnams, chairman of his Suffolk-based family firm, has told MCA that he expects its tenanted estate to dip below 40 in the short term as it continues disposals and conversions to the managed portfolio.
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NewsJohnson on Eclectic: New concepts, disposals and Smash rollout
Luke Johnson has told MCA there is further work to do within Eclectic Bars Group, which could involve re-branding sites and introducing new concepts.
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NewsPubco/tenant relations stable post-pubs code
MCA’s annual benchmark of the tenanted pub sector has shown the introduction of the pubs code has had little discernible impact on tenant/pubco relations.
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NewsCity Pub Co acquires Oxford Beerd site
City Pub Company has acquired the Oxford branch of Bath Ales’ Beerd brand and also exchanged on its fourth site in the city, MCA understands.
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Adnams grows FY lfl income in pub estate 2.6%
Adnams, the Suffolk brewer and pub operator, has reported like-for-like income in its pub estate up 2.6% for the year to 31 December.
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Ex-Mothership director takes on first pub
Heather Pistor, the former creative director at late-night operator the Mothership Group, has partnered with NewRiver REITl to launch her first pub, in Brighton.
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NRB names Top 50 food & drink players
Living Ventures received a special award as part of the Northern Restaurant & Bar show’s Top Fifty power list 2017.
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Smith: Novus continues to make significant progress
Toby Smith, chief executive of Novus Leisure, has told MCA that the company has continued to make significant progress
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Revere secures second Foundry site
Revere Pub Company – Marston’s premium bar arm – is to open the second iteration of its Foundry concept, MCA understands.
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Brighton Pier Group H1 revenue up 61%
Brighton Pier Group, the parent company of Eclectic Bars Group, has updated on its strategy to rationalise its bar group and integrate the two sides of the business.
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NewsBarrel & Stone eyes three-pronged growth strategy
Barrel & Stone, the pizza concept, is eyeing an ambitious three-pronged growth plan involving pub partnerships, delivery hubs and standalone sites.
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NewsMarston’s secures new bank facility
Marston’s has announced that it has agreed a new £360m bank facility.
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NewsYoung’s closes standalone Burger Shack
Young’s has closed its standalone Burger Shack & Bar in Wimbledon after just under a year of trading, MCA has learnt.