Pubs, Bars & Clubs News – Page 378
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NewsMarston’s sold pubs to minimise regulatory risk
Marston’s disposed of more than 200 pubs to a property investor in November in part to reduce its “exposure to the potential effects of government intervention”, according to chief executive Ralph Findlay
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NewsShep Neame launches branded coffee concept
Kent brewer and pub operator Shepherd Neame has launched a branded coffee concept to raise its tenants’ revenues.
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Balfour-Lynn secures third pub
Richard Balfour-Lynn, the founder of MWB Group Holdings, the former owner of the Hotel du Vin and Malmaison chains, has secured his third pub in London, after acquiring the Distillers in Smithfield
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Dorbiere expansion continues
Dorbiere Pub Group, the operator of freehold pubs across northern England and the Midlands, has bought a further two pubs and hopes to add another five to 10 this year, managing director Ebrahim Mukadam has told M&C Report
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Little Gems eyes acquisitions
Little Gems Country Dining, the pub operator owned by Steve Wilkins, is on the verge of acquiring its fourth site and is looking to grow to five by the end of the year
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Marston's adds five sites
Marston’s, the brewer and pub operator, is adding five new sites to its estate worth a total of £20m
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NewsLondon and south drive Enterprise growth
Enterprise Inns’ like-for-like net income growth was significantly higher in London than elsewhere in Q1 2014, with a flat performance in the Midlands despite growth of 1% overall
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Late Knights targets pub acquisitions
Late Knights, the south east London-based brewery set up by former Fuller’s manager Steve Keegan, could grow its pub portfolio from one to seven by the end of the year, M&C Report has learnt
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NewsPunch dismisses tenant buy-out rumours
Punch Taverns has “categorically” dismissed rumours claiming it has allowed tenants to buy outside the tie, ahead of the noteholders’ vote on its debt restructuring proposals next week
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UK pub groups to become key players in Ireland
UK pub chains are likely to become a key player in the Irish retail property market as they continue to expand into Ireland, according to Savills
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CAMRA: two pubs a week become supermarkets
The Campaign for Real Ale is urging the government to close what it calls a loophole in planning law after research showed that two pubs a week are being converted into supermarkets
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Stonegate wins HR award for technology
Stonegate Pub Company has won the HR Distinction Award for Innovative Use of Technology
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NewsBeer and pub sector employs 900k
A total of 900,000 UK jobs depend on British beer and pubs, according to a new report prepared for the British Beer & Pub Association (BBPA) ahead of next month’s Budget
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Downing Pub EIS raises almost £12m
The pub-focused Enterprise Investment Scheme (EIS) fund from Downing LLP has raised almost £12m of its £15m target to date, and has so far invested in 10 pubs across three different companies, M&C Report has learnt
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NewsPunch bondholders eye alternative restructure plan
Alternative debt restructure proposals for Punch Taverns are being drawn up by representatives of the pub group’s bondholders, according to The Telegraph
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Amber expansion continues
Amber Taverns, the operator of wet-led community pubs, has continued its expansion with the acquisition of a Leicestershire pub and the opening of a site in Derbyshire, M&C Report has learnt
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Provenance plans double opening
Provenance Inns, the food-led operator led by Michael Ibbotson, will open two new sites in the next six months, to take its estate in Yorkshire to seven.
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Tally Ho on expansion trail
Tally Ho Holdings, the operator of three food-led pubs run by the daughter of broadcaster Sir Terry Wogan and her husband, is on the hunt for its fourth venue after seeing an uplift in sales over the past 13 months
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Livelyhood buys Wimbledon freehold
Livelyhood, the London-based pub and restaurant group, has bought the freehold of its Old Frizzle pub in Wimbledon for c£2m, M&C Report has learnt
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Darwin & Wallace eyes further expansion
Fledgling bar and restaurant group Darwin & Wallace has completed the second in a planned series of acquisitions with the purchase of The Frog in Clapham, and has a third in the pipeline, M&C Report has learnt