Pubs, Bars & Clubs News – Page 33
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JD Wetherspoon seeks to offload 32 pubs
CBRE and Savills are marketing the properties, which comprise a mix of 10 freehold and 22 leasehold units, and are being considered for sale either individually, in small packages or as a portfolio
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Brewhouse & Kitchen: ‘2022 has been extremely challenging’
The group reported a loss before tax of £1.9m for the year to 25 September 2021, with 2022 challenging due to extra cost pressures
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Brighton Pier Group’s sees bar sales up
The group’s Bars division achieved revenue of £11.2m in the 52 weeks to 26 June 2022, compared to £1.3m in 2021, with like-for-like sales up 21% on pre-Covid levels
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Jobs in bars, nightclubs and live music venues at risk this winter
Industry bodies warn, claiming mini-Budget has ‘completely missed mark’, the Mail on Sunday reports
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Pub operators warn alcohol duty relief may not stop closures
Businesses face a battle to survive this winter, the Financial Times reports
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Admiral Taverns launches £1m sustainability roadmap
The investment will target 450 of Admiral’s least energy efficient pubs to help licensees combat rising energy costs
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Chestnut Group makes people director promotion
The East Anglian-based pub, inn and restaurant group has promoted its former head of people, Charley O’Toole, to the role of people director.
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City Pub back to pre-pandemic trading levels
The group achieved revenue of £26.1m over the six-months to 26 June 2022, compared to £8.9m in H1 2021, with its financial position strengthened albeit with a rising cost burden
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Fuller’s sees ‘significant increase’ in energy bills
The pub company expects its total gas and electricity costs in the current year to be around £18m against a prior year figure of £8m
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Calories on menus could be scrapped
Larger hospitality businesses in England may no longer be required to display calorie counts on menus after government ministers ordered an official review of its anti-obesity strategy.
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Record accommodation sales boosts Liberation Group
The Channel Islands-based operator saw a strong performance in the UK, with recovery in Guernsey and Jersey boosting trading
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Nightcap announces further opening
Nightcap has secured a site in Watford for the opening of a further Barrio Familia bar as the group looks to expand the brand outside central London
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Soaring energy costs could leave towns without nightlife, industry warns
The Night Time Industries Association Scotland says energy prices may force small businesses to close, the Evening Standard reports
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Inception Group heads to Battersea Power Station
The Mr Fogg’s operator will open an immersive new bar concept inspired by the Grade II* listed building’s historic Control Room B
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Wetherspoon to slash prices to highlight tax disparity
Pubs across will be cutting the price of all food and drink by 7.5% next Thursday to show the benefit of a permanent VAT reduction
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Rekom makes further Cardiff acquisition
The late-night bar and club operator has acquired Story nightclub, which will become its fifth venue in the city
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UK pubs must hike pint prices to £20 or face closure this winter
Running costs for pubs are set to increase by 500-600%, putting a huge number at risk of closure, says Tom Stainer, chief executive of real ale campaign group CAMRA
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CAMRA calls for changes to Pubs Code
Fundamental changes are needed to the Pubs Code for England and Wales, according to CAMRA, which has ‘serious concerns’ about its operation
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Cost pressures force closure of six BrewDog sites
James Watt, co-founder and CEO of the Scottish brewer and bar operator called on the government to take action now, or risk mass closure of pubs and bars
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Energy costs overtaking rent and rate combined
The cost of utilities is now the second biggest operating cost business in the night time economy, the NTIA has claimed