Pubs, Bars & Clubs News – Page 362
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NewsPunch: net income grows in core estate; restructure talks continuing
Punch Taverns has reported a 1.4% rise in like-for-like net income in its core estate in the 28 weeks to 1 March, with average profit per pub up 4% across the entire estate
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Fuller's buys two London riverside sites
Fuller’s, the London brewer and pub operator, says it continues to seek new acquisition opportunities after buying two freehold sites on the bank of the River Thames
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Drinks Group eyes further Chilli White openings
The Drinks Group, a vehicle formed out of remains of the former Yellowhammer estate, is looking to add further sites under its Chilli White restaurant and bar brand
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NewsJDW negotiates for UK’s biggest pub
JD Wetherspoon is in negotiations with Ramsgate council to acquire the Royal Victoria Pavilion, which could be the UK’s biggest pub
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Brighton’s Oceana to become Pryzm
The Luminar Group, the UK’s biggest nightclub operator, is spending £1m revamping Oceana in Brighton to its new Pryzm concept
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Trade bodies resist 'complex and unfair' licence fee changes
Trade bodies have warned that the Government’s proposed changes to licence fees could result in ‘increased costs and complexity’
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Black Country Ales grows estate
Black Country Ales has acquired a new site in Bearwood that was a former HSBC bank and is eying a site in Wolverhampton to bring its estate to 33
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Stonegate opening in Ramsgate
Stonegate Pub Company, the TDR Capital-backed group, is opening the Goose in Ramsgate, formerly the Sovereign, following a £220,000 refurbishment
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Livelyhood continues expansion
Livelyhood Venues, the privately-owned London-based pub and restaurant group, is planning to make two acquisitions this year and grow its estate to ten over the next three years, M&C Report has learnt
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Pickles extends refurb programme
The Bay Horse pub in Cowling, which has recently been leased from Punch Taverns by Yorkshire pub group Pickles Pubs, has undergone a £250k as part of the group’s substantial refurbishment plan for the year.
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NewsSnug Bars unveils new look, targets expansion
Snug Bars, the Hertfordshire-based up-market bar operator, is to undergo a rebrand across its estate as it targets expansion from five to 20 sites over five years with help from new banking facilities, M&C Report has learnt
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Novus refurbs continue
Novus Leisure, the London-based premium operator, is to reopen a further two sites next month as part of a major estate refurbishment programme, M&C Report has learnt
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NewsMinister: pubco action ’would be proportionate’
A Government minister has stressed that any intervention in the tenanted pub company model would be “proportionate and targeted” and a response will be published “as soon as we can”
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Everards reveals £1.2m pub investments
Everards, the Leicestershire brewer and pub operator, has invested £1.2m in six major pub projects in the past six months, M&C Report has learnt
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NewsKing takes Burger & Lobster role
Simon King, who stepped down as retail director of Browns after 27 years with parent company Mitchells & Butlers (M&B), last September, has joined Burger & Lobster, as its director of operations
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NewsCharles Wells' managed move 'will help tenants'
Charles Wells’ return to managed houses will provide an important resource for the Bedford-based brewer’s 200 tenants, managing director Peter Wells has told M&C Report
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NewsNWTC confirms Chester Botanist
The New World Trading Company (NWTC), the pub vehicle led by Living Ventures founders Tim Bacon and Jeremy Roberts, has confirmed that will open its fifth Botanist site in Chester on 28 April
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Cornerstone secures first pub for new business model
Cornerstone Inns, the Cheshire-based pub operator, has secured its first site to be operated under an innovative business model, M&C Report has learnt
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Views sought on business rates
Operators are being urged to share their views on business rates in a new consultation
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ALMR criticises licence fee reform plan
The Association of Licensed Multiple Retailers (ALMR) has called for the Government to maintain the current system of licence fees based on rateable value