Pubs, Bars & Clubs News – Page 24
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NewsJoseph Holt reports ‘steadily improving’ trading
The Manchester-based brewer and pub operator achieved £73.5m turnover in 2023, as it prepares to launch its new hotels arm
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NewsAdmiral acquires 18 pubs from Marston’s
The portfolio of wet-led establishments spans the UK, located in counties including Dorset, Derbyshire, and Yorkshire, and will bring Admiral’s estate to over 1,420 sites
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NewsLuke Johnson joins board at Revolution Bars Group
The bar group has confirmed the appoinment of serial investor Johnson as non-executive chairman, following the retirement of Keith Edelman.
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NewsRevolution announces completion of restructuring plan
The Revolucion de Cuba and Peach Pubs operator made the announcement this morning, with a total of 1,267,768,705 new Ordinary Shares admitted to trading
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NewsUrban Pubs & Bars acquires 11 sites
The deal will take the London-based group - which has doubled its estate since the pandemic - to 52 sites across the capital, with new sites including The Antelope in Tooting and The Sun in Camberwell
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NewsOpenings of the week
MCA rounds up the latest opening stories this week, featuring Chipotle, Wingstop, Kiss the Hippo and more
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NewsThe Devonshire becomes first UK pub to serve Guinness 0.0 on draught
Commenting on the move, co-founder Oisin Rogers said ”it’s the best zero product available on draught…and it’s very Devonshire”
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NewsSir Tim Martin: ‘We’ve had no complaints about our pubs’
The Wetherspoon chairman has responded to RyanAir CEO Michael O’Leary’s call for a two-drink limit to curb drunken disorder on flights
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NewsHydes continues to ramp up annual turnover
The North West-based brewer and pub retailer achieved record turnover for the 2023/24 financial year of £39.3m – up £5.2m on the previous year.
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NewsBrakspear acquisitive despite hit to profitability
Underlying EBITDA declined from £11.2m, to £10.9m in 2023, but CEO Tom Davies is pleased with its performance and actively looking to acquire sites
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NewsNon-alcoholic Guinness ‘could end up outselling original
Guinness owner plans to sell booze-free version on draught across UK pubs
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NewsBrewDog to launch in Northern Ireland
The Scottish brewer will open its first bar in the region at Belfast’s Grand Central Station
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring JKS, The Alchemist, Rockfish and more
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NewsUrban Pubs adds to fast-growing estate with latest acquisition
The Herne in East Dulwich is the 44th site from the London-based pub and dining group, which has already added four London sites to its estate this financial year.
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NewsHeartwood Collection acquires two pubs from Whitbread
The George & Dragon in Marlow and The Red Lion in Stratford Upon Avon will undergo multi-million pound refurbishments and sympathetic renovations in line with their listed statuses
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NewsJoseph Holt launches hotels arm
The Manchester brewer and pub company, which is 175 this year, says Hotels by Holts will combine traditional pub hospitality and affordable accommodation
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NewsSurge in violent disturbances ‘severely impacts’ night trade
The damages sustained and the subsequent loss of trade are significant blows to a sector that has already endured tremendous challenges, according to the Night Time Industries Association
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NewsFuller’s acquires Lovely Pubs for £22.5m
The seven-strong Warickshire pub collection is described as highly complementary and generated EBITDA of £3.1m in the last financial year
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NewsRedCat completes £61m refinance
The Rooney Anand-chaired pub company has secured a deal which comprises debt funding from Barclays and further equity from the investors, including funds managed by Oaktree Capital Management
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NewsPortobello Pub Co sees ‘clear opportunity’ ahead
The 27-strong premium pub group looks to maintain its current rate of growth, following the recent acquisition of Darwin & Wallace