Pubs, Bars & Clubs News – Page 289
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Robot Pub Group to focus on new concepts
The Robot Pub Group is to focus on its expansion abroad and on developing new concepts, director Phil Neale has told M&C Report.
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Eclectic cautious about H2 trading
Eclectic, the listed bar group led by Reuben Harley, has this morning reported that overall trading for the six months to 28 December 2014 was in line with its expectations, but that it remained cautious about trading for the second half of the year.
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NewsFuller’s lfls up 6.8% in managed and 4% in tenanted
Fuller’s, the brewer and pub operator , has reported like-for-like sales up 6.8% for 43 weeks to 24 January in managed pubs and hotels and 4% in tenanted with beer and cider volumes up 4%.
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Late Knights to open brasserie above latest pub
Late Knights founder Steve Keegan has told M&C Report that the company is adding a brasserie to its latest opening – the Ravensgate Arms in Ramsgate, Kent.
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Jack: Expect positive lfls from ETI
Leading analysts Douglas Jack, of Numis, has said he expects Enterprise Inns to report positive like-for-like income when its releases its AGM statement on 5 February.
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NewsRuth & Robinson sets out expansion plans
Ruth & Robinson, the Imbiba Partnership-backed Brooklyn bar concept is planning its second venue in east London to open before the end of the year while preparing to open its first site in Clerkenwell, M&C Report has learnt
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Pubcos accused of flouting IFC rules
A new report by the Pub Governing Body has said pub companies are increasingly waving business plans when granting new lease and tenancy agreements, resulting in them being non-compliant with the Industry Framework Code (IFC).
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BCI chair criticises ‘absurd’ buyout offers
Martin Sherwood, chairman of British Country Inns, has told M&C Report he is seeking buyers for the 19-strong pub group but said recent offers on the market have been “absurdly low”.
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LV secures historic Manchester venue
Living Ventures Group, the Tim Bacon-led business, has acquired the former Room Restaurant site on Manchester’s King Street to open Grand Pacific restaurant and bar
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NewsM&B lfls up 4.8% over Christmas
Managed pub operator Mitchells & Butlers have reported like-for-like sales up 4.8% for the festive fortnight and 7.1% on Christmas Day, when more than 200,000 meals were sold.
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Former pubs among Tesco store closures
Two former pubs are among the list of supermarkets Tesco intends to close.
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NewsBrakspear disposed of 10% of estate last year
Brakspear chief executive Tom Davies has told M&C Report that the company disposed of around 10% of its estate last year – and is now in a position to grow both its tenanted and managed divisions.
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NewsPunch eyes further expansion for new formats
Punch Taverns believes there is potential to convert “hundreds” of its sites both across its core and turnaround estate to its fledgling wet-led community local model, Mighty Local, subject to clarity on the market rent only option (MRO), M&C Report understands.
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NewsRobinsons working on second managed site
William Robinson, joint managing director of Robinsons, has told M&C Report that the company will open more managed houses this year with the next site already being refurbished.
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NewsInception Group to open ‘40s bar set in ‘disused tube station’
The Inception Group, the London-based bar and restaurant operator, is to open its latest concept, Cahoots, on March 5.
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NewsCamerons ‘well positioned for growth’ after tackling debt
Camerons, the Hartlepool-based brewer and pub operator, has said FY2014 saw the company emerge from a period focussed on debt reduction to a position where it can realise its growth strategy.
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G1 appoints new ops director
G1 Group, the Scottish leisure operator led by Stefan King, has appointed Mike Horan, formerly of Ha Ha Bar & Grill and The Living Room, as its new operations director, M&C Report has learnt.
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NewsNew Moon lays out expansion plans
The New Moon Pub Company, the venture led by Paul Newman and David Mooney, is planning to open a further three Liverpool venues after securing its first site in the city
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NewsTim Martin responds to Rob Willock riposte
Tim Martin, chairman of JD Wetherspoon, has written an open letter to Rob Willock, group editor of M&C Report and editor of the Publican’s Morning Advertiser, in response to his article last week.
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NewsRobinson’s: First managed house is evolutionary step
William Robinson, joint managing director of Robinsons, has hailed the company’s return to managed pubs as the “next evolutionary step in our history”.