Pubs, Bars & Clubs News – Page 2
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Sales 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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Nightcap 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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Wetherspoon 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
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A quarter of London’s clubs lost since Covid pandemic began
London has lost almost a quarter of its nightclubs since the pandemic started, a report has revealed
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Big Fang Collective to launch new in-house concepts
In-house pizza joint Nothing Cheezy and gaming hub Big Fang Arcade will launch next week to enhance the offering at Golf Fang Sheffield
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Wells & Co sees growth despite challenges
The pub operator reported sales of £62m in FY23, with accommodation up 25% across the group and further site acquisitions in France planned for FY24
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In pictures: The Alchemist Victoria
The cocktail bar group has partnered with DesignLSM for its new immersive venue, paying homage to cosmic alchemy and the Victorian era of scientific discovery
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Pub dwell time grows steadily
Consumer visit length was up +6.2% compared to the previous month, driven by sporting events, such as the Guinness Six Nations and the Carabao Cup.
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Greene King outlines ambitions for ‘Nation’s Most Loved Pub Brand’
As part of its ongoing business transformation, the group will place a customer-led approach at the centre of its offering while investing in the brand to increase customer reach and relevance
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Vagabond undertakes restructuring process
The Imbiba-backed, London-based wine bar chain attributed the decision to legacy Covid debts, cost pressures, and the forced closure of the company’s Heathrow venue - albeit all other locations remain open and trading
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Young’s completes acquisition of City Pub Group
The deal will significantly strengthen Young’s’ presence in London and in new geographies, while bringing together two ‘complementary, culturally, strategically aligned’ businesses
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Economic headwinds cause loss for Upham Group
The Hampshire-based premium pub operator grew sales to £18.4m but posted a loss of £780k for 2023
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Harrison unveils Bar Tap at Wembley Stadium
The self-service “frictionless” bar opened for the Carabao Cup final, with a promise to customers of speed and convenience when buying drinks
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Breal rebrands to Keystone Brewing Group
The London-based funding and advisory services group, which acquired businesses including Vinoteca and Black Sheep Brewery last year, is planning to acquire more distressed breweries as part of a plan to grow sales fourfold to £100m by 2028
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Fiona Dickie re-appointed as Pubs Code Adjudicator
Appointed for a further three years, she said “much progress” has been made in restoring balance in the relationship between tied pub tenants and pub-owning businesses
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Heartwood opens first pub with rooms
The White Horse in Dorking is the first of five locations confirmed by the group for 2024, with plans to grow to 60 by 2027
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Nightcap acquires The Piano Works
Since November 2023, the Piano Works has had a successful residency within Nightcap’s Barrio Covent Garden venue, resulting in a significant uplift in revenues and adding an established, interactive live music entertainment concept to Nightcap’s portfolio
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Ofcom rejects BrewDog complaint over BBC documentary
BrewDog claimed the documentary, broadcast in January 2022, unfairly presented allegations relating to personal misconduct by CEO James Watt and infringed on his right to privacy
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Portobello Starboard like-for-like sales ahead of market
The South East based pub and hotel business reports above budget returns from recently invested sites helped it exceed targeted EBITDA
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Greene King to launch new pub franchise concept
Nest Pubs will be wet-led pubs located on high streets and communities, with regular sport and entertainment, and a simple pizza offer