Pubs, Bars & Clubs News – Page 16
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NewsRevolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
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NewsPunch acquires three Leicestershire pubs
The Dog & Gun in Syston, the White Bear in Hinckley and the Horse & Trumpet in Sileby will join Punch’s Leased and Tenanted estate, which is made up of more than 900 pubs
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NewsTom Kerridge: The mid market is very, very difficult
The chef and high-end pub operator said he would be “absolutely terrified” if his business was solely reliant on restaurants, due to inflation and cost pressures
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NewsMajestic completes acquisition of Vagabond
The retailer and supplier has acquired the wine bar concept out of administration, saving nine bars from closure, though the Canary Wharf and Gatwick airport sites were not included as part of the deal
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NewsAnother year of record sales for JW Lees
JW Lees has achieved sales of £94.3m in the year to March 2024, up 10% year-on-year, according to managing director William Lees-Jones
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NewsAmber Taverns achieves record turnover
The community pub operator reported turnover of £110m, with an 11.3% rise in like-for-like sales, underpinning continued demand for its value offer
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NewsRevolution temporarily suspends shares from trading
The pub and bar operator was unable to publish interim results by 30 March, with suspension from trading to be lifted following their publication in due course
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NewsAmber Taverns puts dartboards in all its pubs
The 171-strong pub company will include a darts area in all its pub refurbishments, in response to a surge in demand created by darts sensation Luke Littler
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NewsAdnams open to sale
The Suffolk brewery is sounding out prospective buyers and investors as the brewing industry experiences higher costs and weaker demand, according to Sky News
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NewsDouble swoop for Heartwood Inns at Publican Awards
The operator impressed judges in both the Best Managed Pub Company and Best Pub Operations Team categories, with other winners including Liberation Group and Loungers’ Alex Reilley
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NewsRedCat Pub Company to exit 24 sites
The Rooney Anand-led pub investment vehicle said it has undertaken a strategic review in context of sector-wide challenges, in addition to appointing a new executive team
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NewsButcombe Pubs & Inns reports record sales in March
The Liberation Group-owned business attributed strong sales to a bumper Mother’s Day weekend and the Cheltenham Festival
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NewsGreene King opens first Nest pub
The Palmer Tavern, located on Wokingham Road in Reading has opened after a £360,000 investment by the pub company
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NewsRevolution Bars ‘actively exploring’ all options
The pub and bar operator confirmed it is engaging with shareholders to fundraise, while exploring strategic options including a restructuring or partial or full sale
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NewsTim Martin: ‘We got a rush of blood to the head’
The Wetherspoons chairman told Sky the pub company had sometimes doubled up in towns were it should have kept to just one pub
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NewsHeartwood acquires historic East Barnet pub from Stonegate
The Prince of Wales, established in 1876, was the subject of a campaign from local residents and politicians after it emerged it would close
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NewsShepherd Neame sees drop-off of bottled beer
The Kent brewer has restrucured its packaging and logistics operation after a decline in cask ale and off-trade beer volumes, but sales of keg ale and craft lager reamin strong
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NewsSales continue to improve at Wetherspoons
Like-for-like sales were up 10% in the second half of FY24, while reveue grew by 8% to £991m. Chairman Tim Martin said pubs were generating 50% more sales than ten years ago, with ambitions to grow the estate to 1,000
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NewsNightcap remains optimistic for future outlook
Despite revenue growth of 42%, the late night operator reported like-for-likes down 10% but expects a gradual recovery later this year as the financial outlook for its customer base improves
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NewsWetherspoon selling pints for as little as £1.99 this St Patrick’s Day
The popular pub chain has several deals for those celebrating the Irish holiday, with a traditional pint of Guinness for just £2.99