Pubs, Bars & Clubs News – Page 173
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Weekday pub visits rise again
Weekday visits to the pub rose 3.3% in the year to September 2016 while weekend visits fell by 3.4%, according to the latest NPD Pub Tracker.
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City Pub Co year-to-date sales up 37%
City Pub Co grew sales by 36.7% in the first nine months of its financial year, with company EBITDA up 38.6%.
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Analyst corner: Rollo on pub companies - A Flat Pint
Leading analyst Jamie Rollo at Morgan Stanley has said that pubs face an unenviable combination of weakening sales, mounting costs, and rising capex
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McFarlane swaps Charles Wells for Fuller’s
James McFarlane, the former director of sales, national on-trade for Charles Wels, has joined Fuller’s.
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Admiral: Acquisitions, alternative models and MRO
MCA talks to Admiral Taverns chief executive Kevin Georgel on the back of the announcement of the group’s full-year results.
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NewsStonegate to acquire Intertain
Stonegate Pub Company has this morning announced that it has reached agreement to acquire Walkabout operator Intertain from Better Capital, in a deal valued at £39.5m
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NewsChinese investor acquires The Plough at Cadsden
A Chinese investment company has acquired the Plough at Cadsden, the pub which hit the headlines late last year when the then Prime Minister David Cameron took China’s President Xi Jinping there
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NewsAdmiral FY turnover up 1.7%
Admiral Taverns has received just four requests about conversions to a Market Rent Only (MRO) option agreement since the pubs code came into force.
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BrewDog bond hits £100k within hours
BrewDog’s latest fundraise had already generated more than £100,000 by lunchtime of its launch day.
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Power of good for D&W chief
As Mel Marriott prepares to unveil the fifth Darwin & Wallace pub, this time at the new Battersea Power Station site, she talks to Mel Flaherty about how the area provides the style for each outlet and the potential for expansion, especially outside London
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Hickory’s to rebrand ahead of growth to 12
Hickory’s, the smokehouse and barbecue concept, is to launch a new look at its largest site to date, as it targets growth to a 12-strong estate by 2019.
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ULG to launch cocktail concept
Urban Leisure Group has secured its ninth site – its third in West Hampstead.
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St Austell strengthens managed pubs team
St Austell has appointed the first dedicated head of HR for its managed division.
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Weston Castle launches gin & cocktail emporium
Weston Castle, the northern England-based pub operator, has launched a gin and cocktail emporium concept in Halifax.
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Simmons grows to 10
London operator Simmons has secured its 10th – just over two years after it was founded.
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ETM plans further acquisitions in 2017
ETM Group has said it has further new site acquisitions and a number of refurbishments planned for 2017
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Tea pub concept secures first site
A crowdfunded “pub for tea” concept, backed by Cinnamon Club founder Iqbal Wahhab, has secured its first site, MCA has learnt.
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NewsGK: Conversion timetable; new builds; cost and delivery
MCA speaks to Greene King chief executive Rooney Anand on the back of the group’s half-year results yesterday.
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Hook Norton to open first Oxford city pub
Hook Norton has opened its first site within the city of Oxford.
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NewRiver joins FTSE 250
NewRiver, the UK REIT which owns 360 pubs, has announced its inclusion in the FTSE 250 for the first time.