Pubs, Bars & Clubs News – Page 344
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“2,000 wet-led pubs to change hands”
A leading sector advisor has stated that he believes up to 2,000 wet-led pubs will change hands over the next couple of years, with the majority remaining as pubs
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PBR creditors likely to lose more than £7m
Four sites formerly operated by PBR Leisure, which was placed in administration last November, have been sold for a total of £4.2m, although creditors of the company are likely to lose more than £7m from PBR’s collapse
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St Austell expands coffee shop brand
St Austell, the Cornish brewer and pub operator, has continued the rollout of its branded Brewer & Bean coffee shops into its managed estate and has not adding them to three outlets, M&C Report has learnt
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King’s Cross voted best station in the world for F&B
King’s Cross has been voted the best railway station in the world for food and drink, and the station’s The Parcel Yard pub the best individual food and drink outlet
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Camerons converts two pubs to Blue Lounge concept
Camerons, the Hartlepool-based brewer and pub operator, has announced the conversion of two pubs from its managed estate to the company’s Blue Lounge Pub & Kitchen brands, representing a total spend of c£100,000
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McMullen's managed lfls accelerate to 6.7%
Like-for-like managed sales growth for McMullen’s, the Hertfordshire-based brewer and pub operator, has accelerated to 6.7% in the six months to the end of March 2014 after growing by 4.2% in the year to 28 September 2013
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Liberation Group buys flagship pub, eyes more
The Liberation Group, the Jersey-based pub and drinks business, would like to make more acquisitions this year after buying a flagship managed pub, chief executive Mark Crowther has told M&C Report
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Timothy Taylor pre-exceptional operating profit grows 3.2%
Timothy Taylor, the West Yorkshire brewer and pub operator, saw pre-exceptional operating profits rise 3.2% to £2.1m in the year to 30 September
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Circle 360 expansion continues
Cribbs F&B has lined up a further two openings for its Circle 360 Champagne and cocktail bar brand, M&C Report has learnt
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Eighty pubs on Punch Foundation Tenancy agreement
Punch Taverns says it has more than 80 of its Punch Foundation Tenancy (PFT) agreements in place two years after launching them
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Bruce Bars opens Spirit pub
Bruce Bars, the London-based pub operator led by Michael Nicholas, has opened an East London site with Spirit Pub Company
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Marston's makes Two for One pizza move
Marston’s is fitting pizza kitchens into a small number of its Two for One destination pubs
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Remaining Orchid sites placed into administration
The remaining 49 Orchid Pub Company sites that were not part of the package acquired by Mitchells & Butlers (M&B) have been officially placed in administration with Ernst & Young
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Wine merchant eyes wine bar rollout
Humble Grape, the London-based wine merchant, plans to open 60 franchised wine bars and become the ‘Starbucks of the wine world’, according to M&C Report’s sister title Harpers
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Punch expands Buying Club services
Punch Taverns is increasing the scope of its Buying Club by expanding the non-drinks services and business support it offers to tenants
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M&B expands Chappell's role following Orchid acquisition
Mitchells & Butlers (M&B) has promoted Susan Chappell, currently retail director for All Bar One, to an expanded role of brand operations director accountable for the company’s All Bar One, Miller & Carter and Browns brands, M&C Report has learnt
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Beds & Bars eyes cider bar options
Beds & Bars, the bars-meets-hostels operator, could rollout its Tree House cider bar format to other sites and possibly to standalone units in the future, M&C Report has learnt
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Hawthorn Leisure appoints CFO
Hugh Briggs, a former M&A banker at Merrill Lynch who spent eight years in the financing team at CVC, has been named chief financial officer of Hawthorn Leisure, the new pub group backed by May Capital and Avenue Capital, according to the Financial News
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Cheshire Cat acquires two freehold pubs
Cheshire Cat Pubs and Bars, the pub company founded by former Greenalls executives Tim Bird and Mary McLaughlin, has acquired the freehold of two pubs in the village of Mobberley, Cheshire, M&C Report has learnt
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ULG looks for third Alice House site
Urban Leisure Group (ULG), the London-based bar and restaurant operator, is looking for a site to open a third Alice House in London in the next 18 months, M&C Report has learnt