Pubs, Bars & Clubs News – Page 377
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FY profit up 8% at Heavitree
Heavitree, the Devon-based tenanted pub operator, has reported a small decline in turnover for the year to 31 October 2013, due to a loss in rental income from two houses that were closed and then sold during the year
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Stonegate eyes growth for 'phenomenal' Common Room
Stonegate, the managed operator, expects to have another dozen sites converted to its evolved student bar concept Common Room after sales grew 60% at the first outlet to operate under the format, chief executive Toby Smith has told M&C Report
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NewsStonegate offers major staff discounts
Stonegate, the managed operator, is offering every member of staff 25% off all purchases at the company’s venues under a new employee reward card introduced this month, M&C Report has learnt
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Neapolitan secures second site
Raff Mercurio, the ex-operations director of Oakman Inns, has acquired the second pub for his fledgling company Neapolitan Pubs and Bars
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Pickles Pubs eyes expansion
Yorkshire pub group Pickles Pubs is investing over £700,000 in refurbishing three of its existing pubs during 2014, whilst also looking to expand its estate
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Three Tuns grows pub estate
Three Tuns Brewery in Shropshire, reportedly the UK’s oldest brewer, has bought its second pub and is actively seeking further sites as it looks to grow its estate to six
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Stonegate launches training masterclasses
Stonegate Pub Company has launched a series of 14 masterclasses to support its existing programme of ongoing training for new and existing general managers
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Home Office launches licence fee consultation
The Home Office has opened a public consultation on a move from centrally-set to locally-set licence fees
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C2 looks to consolidate
C2, the north-west pub operator and brewer, has released two sites as it looks to consolidate its assets, M&C Report has learnt
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Orange Tree to open 'semi-permanent' pop-up
Orange Tree Group, the East Midlands-based pub and bar operator, is to open a ‘semi-permanent’ pop-up restaurant at its Obar site in Leicester following a successful trial at the end of last year
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NewsBondholders: Alternative restructuring plan for Punch 'well advanced'
A group representing senior bondholders of Punch Taverns has urged creditors to support its alternative restructure proposal, which it says is “well advanced amongst creditor groups
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NewsGrand Union gears up for next stage of growth
London-based bar operator Grand Union has unveiled plans to triple the size of its estate and eventually expand outside of the capital, having recently rolled out new food and drink menus across its existing eight sites
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NewsTimothy Taylor’s makes senior ops appointment
Timothy Taylor’s, the Yorkshire-based brewer and pub operator, has appointed a former Association of Licensed Multiple Retailers operations manager of the year to the role of pub estate operations manager
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Punch withdraws debt resolutions for more talks
Punch Taverns has withdrawn its proposed debt restructuring proposals that were to be put to its creditors on Friday (14 February) “following feedback from a range of stakeholders”
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NewsM&B: Irish market an attractive one
Mitchells & Butlers (M&B) has admitted to M&C Report that it thinks the pub market in Ireland is an attractive one, but that it was no closer on making a decision to launch in the country
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Pub People eyes acquisitions and disposals
Pub People Company, the Midlands-based pub operator, is looking to take on the running of five more pubs during 2014 while disposing of around five to eight less profitable sites, M&C Report has learnt
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NewsGrand Union revamps food and cocktail offer
Grand Union, the Luke Johnson-backed London-based bar group, has announced changes to its cocktail list and the launch of an US-inspired food menu as it confirmed plans for more openings in 2014
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Bosi leaves Jolly Fine Restaurants
Cedric Bosi has left Jolly Fine Restaurants and bought his own pub in Shropshire
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NewsFormer Bramwell director McGregor joins M&B
Helen McGregor, formerly regional director of operations in the south at Bramwell Pub Company, has joined Mitchells & Butlers (M&B) as a retail director
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NewsPunch reassures tenants over deposits
Punch Taverns has said it is unable to guarantee that tenants’ security deposits will be secure in the result of a potential default on its debt, but has suggested it would be extremely unlikely that an administrative receiver would not protect the funds