Pubs, Bars & Clubs News – Page 38
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NewsRevolution confident of beating market expectations
Revolution Bars Group has said that following strong trading over the Jubilee Bank Holiday its board is confident of delivering adjusted EBITDA of +£10m
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NewsOpenings of the week
Homeslice by Symplicity, The Inn Collection Group, and Livelyhood are among the new site openings announced this week
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NewsNWTC revamps The Florist with a sensory twist
The group is pressing ahead openings across its Botanist, Club House and Florist brands, with sites forthcoming in Chester, Worcester, Barnsley, Edinburgh and Durham
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NewsPunch brings Ukrainian beer Chernigivske to UK
Part of the pub company’s support of humanitarian relief efforts in Ukraine, proceeds made on the sale of the beer will be donated to the Sanctuary Foundation (Dr Krish Kandiah)
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NewsLiberation Group achieves £9.5m profits
The pub company and brewer generated almost the same level of EBITDA as the financial period before the pandemic and invested £9.6m in capital expenditure
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NewsRevolution announces first new openings in four years
Revolution venues in Exeter and Preston will open with a combined investment of £3.5m
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NewsRedCat adds two more Coaching Inns
The Pheasant Hotel and Blakeney Manor Hotel on the North Norfolk Coast make 10 acquisitions for the Coaching Inn Group under RedCat Pub Company’s ownership
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NewsCoyote Ugly to open first London bar
The Western-themed US bar chain is to make its debut in the capital, at Camden Market, later this year.
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NewsLiberation Group acquires two for Butcombe
The Northey Arms in Box, Wiltshire and The Rising Sun in Backwell, North Somerset have joined Butcombe’s estate of pubs and inns in the South West from OHH Pub Company
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NewsOpenings of the week
MCA rounds up the biggest opening news this week, featuring Wagamama, M Restaurants, Inception Group and San Carlo Group
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NewsRedCat Pub Company expands coaching inns portfolio
The pub investment vehicle, led by Rooney Anand, has acquired the Castle of Brecon hotel, for its subsidiary The Coaching Inn Group
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NewsBig Smoke Brew Co to extend airport reach
The Surrey-based brewer and pub operator is to open two new sites at Heathrow Airport this summer, in addition to a previously announced site at Luton airport.
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NewsFranchising to be core driver of Marston’s growth
The majority of its £1bn sales opportunity will come from repositioning its pub estate and franchise opportunities, including within its Brains estate, CEO Andrew Andrea said
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NewsSA Brain sells 95 pubs to Song Capital
The proceeds will go towards paying down Brains’ remaining bank debt and “significantly deleveraging” the business
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NewsAdventure Bar Group: Recapitalisation is springboard for expansion
The late night operator has begun a nationwide rollout backed by the Nightcap acquisition, MD Tom Kidd told MCA
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NewsQueen’s Platinum Jubilee to give £1b boost as 90m pints served
The country’s 45,000 pubs are expected to serve 90 million pints during the four-day knees-up after getting the go-ahead to open until 1am from June 2 to 4, The Mirror reports
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News‘Another blow for the British boozer'
Council health and safety inspectors urge pubgoers not to bring their own tankards and use fresh glasses instead to stop contamination of tap nozzles, the Mail on Sunday reports
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NewsMarston’s reports return to operating profit
The pub operator announced stable trading, with like-for-like sales nearly back to pre-pandemic levels
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NewsPCA publishes new-style quarterly report
The new report gives a picture of progress over time and provides comparisons to the previous quarter and total for the year, with the number of open cases falling by 20 since the last quarter
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NewsFood props up sliding drink sales at M&B
Mitchells & Butlers reported like-for-like growth of 1% in the 28 weeks to 9 April 2022, versus FY19, with encouraging signs of sales recovery in its city centre sites