Pubs, Bars & Clubs News – Page 381
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NewsMarston's to launch franchise committee
Marston’s, the brewer and pub operator, is set to launch its first franchise committee to involve its franchisees in “consultation and decision making processes” across a range of areas
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Ex-minister responds to 'Mugabe' jibe on pubco code
Former pubs minister Bob Neill has responded to accusations made against his support of a statutory code from McMullen managing director Peter Furness-Smith last week
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NewsCommercial terms deterred Punch bondholders
A source close to a group of Punch Taverns bondholders has given reasons for its decision not to support the pub company’s plans for its debt restructure
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Sonnet 43 site to add rooms
Sonnet 43, the brewpub venture headed by Tavistock Leisure managing director Mark Hird, is to add rooms to one of its sites
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NewsHand and Flowers named UK's top gastropub
Tom Kerridge’s two-Michelin-starred the Hand and Flowers has been crowned top gastropub in the UK for the third year running at the Budweiser Budvar Top 50 Gastropubs Awards
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NewsABI unable to support Punch restructure proposals
A group representing Punch Taverns noteholders has said it’s unable to support the pub company’s plans for its debt restructure
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InnBrighton takes original Jongleurs site
InnBrighton, the Brighton-based multiple pub operator, has secured its seventh site in London after acquiring the lease of a Battersea pub that was the original home of the Jongleurs live comedy concept
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NewsCerberus acquires £170m Spirit portfolio
Cerberus Capital Management, the US private equity owner of Admiral Taverns, has completed the acquisition of a 102-strong portfolio of pubs from Nick Leslau’s Prestbury Holdings, in a deal valued at £170m
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Cattle Grid founders to launch pub format
Shaun Gray and Steve Novak, the owners of Cattle Grid, the fast-casual steakhouse chain, are to open a new pub format in London’s Earlsfield
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NewsSmall brewers tell Cable: pubcos have improved
Small brewers have expressed serious concerns about Government plans to implement a statutory code in the pubco/tenant relationship and have told Business Secretary Vince Cable that major pubcos have improved the way they treat licensees
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Ego sets out pub requirements
3Sixty Restaurants is looking for pub sites on the fringe of high streets or in destination affluent suburban locations to aid the expansion of its Ego brand as it looks to acquire three to five pubs over the next 18 months
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Former Pubfolio pub sold
A North Devon pub that was formerly part of the Pubfolio estate has been sold off a guide price of £125,000
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NewsBrewhouse & Kitchen launches new round of fund raising
Brewhouse & Kitchen has launched a new round of fundraising as it looks to build an estate of eight-10 freehold pubs
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McManus eyes expansion as earnings and lfls grow
McManus Pub Group, the 18-strong Northampton-based pub operator, is looking at several potential new acquisitions as it reports an improvement in earnings and like-for-like sales, M&C Report has learnt
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Powder Train collapse to leave RBS out of pocket
The Royal Bank of Scotland is unlikely to retrieve all the money owed to it from the collapse of Powder Train, the collapsed pub operator that had worked with high-profile chef Marco Pierre White, according to a report from administrator Begbies Traynor
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TCG adds American touches to King's Feast
TCG, the managed operator, is updating its King’s Feast menu to reflect the move towards Americanised casual dining tastes
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Star Pubs & Bars to appeal rates at 136 pubs
Star Pubs & Bars, the Heineken-owned leased pub operator, says it will lodge business rates appeals at c10% of its estate
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NewsCharles Wells grows PBT in 'year of steady progress'
Charles Wells has reported a year of “steady progress” as it grew pre-tax profits from £6.5m to £6.7m and reduced net debt by £18.8m to £44.7m, due to the sale of its distribution depo and its Kestrel Super Strength brand, M&C Report has learnt
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100 pubs face prosecution for foreign satellite screenings
The Premier League plans to prosecute 100 pubs and bars across England and Wales for broadcasting games using foreign satellite systems, the BBC reports
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FY PBT up at Barworks as it eyes further growth
Barworks saw pre-tax profit rise from £434.4k to £1.8m in the year to 30 June 2013, as it gears up to open its latest two sites in the capital