Pubs, Bars & Clubs News – Page 233
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Redcomb forms Apollo Pubs with Downing
Redcomb Pubs has formed a new pub group under a joint venture with Downing IHT Fund to build an estate of freehold pubs
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NewsLV announces senior management restructure
Tim Bacon has become executive chairman of Living Ventures with Jeremy Roberts stepping in to the role of group chief executive in a restructure of senior management
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Humble Grape to start rollout
Humble Grape is to start the rollout of its technology-driven wine bar and shop concept, with the launch of a flagship site in the City of London
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Thwaites reports “excellent” first half
Thwaites, the Lancashire-based pub operator, has reported an “excellent” first half to the year to the end of September
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JDW further adds to Dublin estate
JD Wetherspoon is to continue its expansion in Ireland after the purchase of a former church in Dublin for €1.47m, against a €400k guide price
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NewsYoung’s PBT up 10.3%
Young’s has reported 10.3% growth in pre-tax profits at £20.3m with revenue growth of 8.3% in what it called a “very strong performance” for the 26 weeks to 28 September 2016
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Walkabout ‘in better position to succeed than ever’
Walkabout operator Intertain has insisted it is “in a better position to succeed than at any time in its history” following its debt restructure and change of ownership.
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NewsSt Austell looking at franchise deal for Brewer & Bean
James Staughton, managing director of St Austell, has said the company is looking at a franchise agreement for tenants who want to take on its Brewer & Bean coffee shop concept.
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NewsU-turn as Parallel Rent Assessments back in consultation
The Government has reversed a decision to remove Parallel Rent Assessments (PRA) from the Pubs Code after facing fierce criticism for its admission
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Upham buys first site with Downing fund
Upham Pub Company has already secured the first site funded by its £4m funding package from Downing, M&C has learnt.
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Greene King continues support of Pub is The Hub
Greene King has made a further donation of £15,000 to Pub is The Hub’s Community Services Fund
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NewsBrakspear opens first London managed site
Brakspear has opened its seventh managed site - its first in London.
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Market Town Taverns appoints new MD
Market Town Taverns, the Heron & Brearley-owned, Yorkshire-based pub and bar operator, has appointed a new managing director, M&C understands.
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Draco Pubco secures fourth site
Somerset-based coaching inn operator Draco Pub Co has secured its fourth site.
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Downing invests c£4m in Upham
Upham Brewery has secured more than £4m in new funding from investment group Downing toward its continued growth
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Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley outlines key questions that he thinks investors could focus on in regards to JD Wetherspoon
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NewsRollo: GK facing possible dilution from pub sales
Leading analyst Jamie Rollo at Morgan Stanley has forecast that Greene King will report H1 revenues of £906m (+47%)
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NewsJDW places further 34-strong package on the market
JD Wetherspoon has placed a further 34-strong package of pubs on the market
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Steppe swaps Spirit for Stonegate
Kevin Steppe has stepped down from Spirirt Pub Company after seven years to become director of food at rival Stonegate Pub Company