Pubs, Bars & Clubs News – Page 374
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Star trials mobile ordering
Star Pubs & Bars, the leased pub division of Heineken UK, is trialling a mobile ordering app at 40 of its sites during April before a potential roll out
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Iona to launch franchise model
Iona Pub Partnership, the tenanted arm of Scottish leisure operator G1 Group, is putting together a franchise model for part of its estate in a bid to “be more creative” in the way it operates its site
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Analyst: Default the more likely option at Punch
Leading analysts have said that a default in one or both of Punch Taverns’ securitisations is looking the more likely outcome, after the group’s latest announcement on its restructuring proposals this morning
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Noble Inns to grow estate and team
London-based Noble Inns, the Scott Hunter and Maria Larsen-led pub and restaurant operator, is to strengthening its team with a new managing director as it looks to grow its portfolio of sites over the next five year
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Yummy pubs must take £1m to 'stand still'
Yummy Pub Company, the four-strong London-based pub operator, needs to take “£1m-plus” per site per year to make its pubs sustainable, up from £750,000 just six years ago
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W&H could diversify
Whiting & Hammond, the eight-strong, south-east based multiple pub operator, would look to double in size over the next 10 years and could enter the hotel, brewing or outside catering markets, managing director Brian Whiting told the Casual Dining Show
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NewsPunch warns on default; trading in line
Punch Taverns has stated that it would default on its debt payments within 30 days of the 15 April covenant testing date if it fails to achieve its restructuring plan, and warned of the “material negative impact on the business” if its plan is not approved by stakeholders
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FY EBITDA up at Food & Fuel
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, saw EBITDA climb 2.8% to £655k in the year to 2 June 2013
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NewsPub sales grow; profits flatline
Last year’s good summer helped boost pub sales, but increases to business running costs continue to hold back profit growth, new research shows
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Maclay Inns develops BBQ concept
Maclay Inns, the Scottish pub and bar operator, is to launch a new pub concept featuring barbecue food and craft beer, M&C Report has learnt
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NewsMP calls for Cable to stand down on pubco decision after gaffe
Business Secretary Vince Cable today faces a demand to remove himself from the decision-making process on the future of tenanted pub companies after reportedly admitting that he thought Punch Taverns had “gone bust”.
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NewsJDW sets opening date for Ireland debut
The former Tonic Bar in Temple Road, Carysfort Avenue, Blackrock, is to be named The Three Tun Tavern
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NewsBatemans develops 'manchise' agreement
Batemans, the Lincolnshire-based brewer and pub operator, has developed a management/tenancy hybrid agreement for future pub acquisitions, M&C Report has learnt
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Felinfoel Brewery targets food operators
Llanelli-based Felinfoel Brewery is looking to partner with “some exciting new food operators” for its 76 tenanted pubs in a bid to improve its gastro credentials
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Bloomsbury Leisure reveals new ventures
Bloomsbury Leisure, the pub and leisure venue operator led by Jonathan Dalton, is set to open its long-awaited indoor cricket club by the end of the year after raising “over £1m in a week” through the Enterprise Investment Scheme, M&C Report has learnt
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NewsBrewDog secures Liverpool licence
BrewDog, the Scottish brewer and pub operator, has secured a licence for a craft beer bar in Liverpool
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Yummy sales grow 18% in January
Yummy Pub Company, the four-strong pub operator, says it has produced the best results in six years with site sales up 18% in January
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BT and Carlsberg UK agree sports discount deal
Freetrade outlets that stock Carlsberg UK products and those that sign up to BT Sport will be entitled to a 50% discount on a BT Sport subscription under a new deal agreed between the companies
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Osborne reopens Fullers' Red Lion in Whitehall
The Chancellor George Osborne reopened Fullers’ pub the Red Lion on Whitehall yesterday after a major refurbishment to convert it to the company’s Ale & Pie format
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HMRC to persue pubs for overpaid rebates
Pub operators will shortly receive demands to pay back the “several hundred million pounds” collectively owed in “overpaid” tax rebates in 30 days, HM Revenue & Customs (HMRC) has confirmed