Pubs, Bars & Clubs News – Page 25
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NewsIn pictures: MCA’s Pub Conference 2023
JD Wetherspoon’s chairman Tim Martin, Nightcap CEO Sarah Willingham and Oakman Group CEO Peter Borg-Neal were among those who took to the stage at the Pub Conference last week
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NewsThe Alchemist: Experiential can’t become a throwaway phrase
Speaking after the brand’s launch in Berlin, CEO Simon Potts says it’s critical to nurture a truly experiential business
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![Kevin Georgel, Chief Executive[80]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/3/3/9/297339_kevingeorgelchiefexecutive80_668299.jpeg)
NewsSt Austell’s top line ‘in good health’
The group achieved a 34% increase in revenue in 2022, versus 2021, however the bottom line remained a challenge, chief executive Kevin Georgel says
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NewsRekom UK: ‘Our 200-site target might take longer to reach than planned’
The late-night operator is doubling-down on its cluster strategy, which will entail the closure of several single sites in some of the UK’s smaller towns and cities, chairman Peter Marks reveals
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NewsWhy Britain is turning its back on booze
Despite Glastonbury-goers indulging this weekend, figures show the UK may finally be sobering up, The Telegraph reports
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NewsSarah Willingham: Dirty Martini deal was ‘quite uncomplicated’
The Nightcap CEO said aside from Dirty Martini’s debt-laden balance sheet, which led it into a pre-pack administration, the cocktail bar business was quite similar in terms of its P&L to the group’s existing businesses
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NewsBeers becoming weaker under new duty regime
Foster’s, Spitfire, Old Speckled Hen and Spitfire are among those that have had their alcohol content reduced, saving between 2p and 3p per can or bottle.
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NewsWadworth looking to reinvest in pub estate
The brewer and pub operator, which has recorded a loss for the year to 31 December 2022 of £3.8m, said it hoped cost efficiencies from its new brewery could be ploughed back into its pubs
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NewsAmber Taverns announces multiple new openings
The community wet-led pub operator is opening sites in Cheshire, Country Durham and Ayrshire, in June, as part of plans to open 14-16 new sites per year
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NewsVaulkhard Group secures £4.5m funding package
The Newcastle-based leisure operator has already acquired two new pubs thanks to the package from HSBC UK and is looking for further opportunities in the North East
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NewsFuller’s: 'The future looks very positive'
The premium pub group saw strong growth in revenues, like-for-like sales and profit, as the business fully recovered from covid-related restrictions
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NewsBarworks to open biggest venue to date
The Marc Francis-Baum-led group is opening a 700-cover Mare Street Market at Lewis Cubitt Square, King’s Cross
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NewsEverards returns to profit
The Leicestershire-based brewer and pub operator reports like-for-like sales growth of 6.3% in the nine months to June 2023
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NewsBrasserie Bar Co to rebrand as Heartwood Collection
The Alchemy Partners-backed group is planning to grow to 60 locations by June 2027, with a core focus on premium freehold pubs with rooms
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NewsNightcap acquires Dirty Martini in £4.65m deal
The late-night bar operator has entered into an asset purchase agreement to acquire Dirty Martini’s 10 bars, as well as Tuttons Brasserie in a pre-pack deal
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NewsBrewDog bars help drive 20% sales growth in 2022
Its new flagship Waterloo and Las Vegas sites have performed above expectations and offer a clear example of how it sees its bar estate evolving, CEO James Watt said.
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NewsAdnams reports £1.2m operating loss for FY22
Despite significant pressure on its underlying cost base, the business reported a £7m rise in revenue to £64.2m, and a positive EBITDA of £2.7m for the period.
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NewsCity Pub achieves 20% sales uplift; secures majority shareholding in Mosaic
The group reported a like-for-like sales increase of 13% for the first 23 weeks ended 4 June 2023, which it said would have been higher had it not been for the impact of the rail strikes.
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News‘The billionaires have won’: English pubs forced to close after owners demand full rent for lockdown
Publicans face bankruptcy and homelessness after losing their fight with Tory donors against Covid rent back-payments, The Observer reports
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NewsBrewDog: Train strikes are devastating for business
Bars CEO James Brown said sales were down as by as much as 76% at its central London and travel hub adjacent locations