Pubs, Bars & Clubs News – Page 385
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Peach eyes acquisitions as festive lfls grow 7.1%
Peach, the Oxfordshire-based multiple pub operator, says it’s looking to secure one or two more new sites this year as it reports a 7.1% rise in like-for-like sales in December
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NewsHall & Woodhouse secures £20m loan
Hall & Woodhouse, the Dorset-based brewer and pub operator, has secured a £20m, three year loan from M&G Investments to help it acquire and and invest in new pubs
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NewsPalmers targets acquisitions and investments
Palmers, the Dorset-based brewer and pub operator, has told M&C Report that turnover in its tenanted pubs grew 5% in the year to November, and that it’s actively looking to make acquisitions and investments in 2014/2015
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Columbo Group secures two renowned venues
Columbo Group, the London-based multiple operator headed by former Fabric head of promotion Steve Ball and Riz Shaikh, has bought two renowned bar and music venues in East London, M&C Report has learnt
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WPC Inns in administration
WPC Inns, the multiple operator led by Nick Long, has been placed into administration just over a year and a half after the business emerged through a pre-pack process out of Windsor Pub Company
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W&H eyes pipeline
Whiting & Hammond (W&H), the south east-based multiple operator, is looking to open up to three sites this year
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NewsRollo: M&B expected to report c1% lfl growth
A leading analyst has said that he expects Mitchells & Butlers (M&B) to only report c.1% like-for-like sales growth despite what should be a strong festive season when it updates the market at the end of this month
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NewsFormer Gondola exec to head Slug & Lettuce
Stonegate, the managed operator, has announced the appointment of Clare Staples to head up its Slug & Lettuce, Missoula and Living Room brands
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NewsBramwell owed £60.6m at collapse
Bramwell Pub Company collapsed owing £60.6m to creditors, according to a new report that says the decision to put the company in administration followed a deterioration of trade and was sparked by one of its suppliers reducing its credit terms and demanding phased payments totalling £2.2m
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InnBrighton sets 2014 acquisitions target
InnBrighton, the Brighton-based multiple pub operator, hopes to secure between three and five more sites this year after acquiring its latest London outlet, chairman Gary Pettet has told M&C Report
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Vimac Group in administration
Vimac Group, the Newcastle-based multi-site operator, has been placed in administration with Begbies Traynor, according to a notice published yesterday at Companies House
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Morrison Bowman buys inn
Scottish distiller Morrison Bowmore has bought an inn on the island of Islay for an undisclosed sum
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NewsChelsea’s oldest pub acquired for £3.9m
Parsons Green Land, the West London-based property development, has acquired Chelsea’s oldest pub, the Cross Keys, from its private owner for £3.9m
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NewsBe At One confirms Bristol opening
Be At One, the Piper-backed cocktail bar chain, has confirmed that it is to open its 21st site in Bristol on 26 February
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Cerberus to acquire further pub portfolio
Cerberus Capital Management is understood to be in advanced talks to acquire a 134-strong portfolio of pubs in a deal valued at £200m
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Food & Fuel buys Ealing pub
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, has secured its 13th site and its second consecutive acquisition in Ealing
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H&W tenants 'happy with pub company'
Nine out of 10 tenants of Hall & Woodhouse said their partnership with the Dorset-based brewer and pub operator lived up to their expectations, a rise of 17 percentage points on last year, the company said
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NewsCollyer: Expects buoyant trading updates
A leading analyst has said that private company performances over the festive season underpin trading expectations for listed companies and that he is expecting a “collection of buoyant trading updates”
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NewsLabour to host Parliamentary debate on pubco code
Labour is to host a debate in Parliament on the proposed statutory code for pub companies on the afternoon of 21 January
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Government 'under-estimates cost of pubco code'
Pubcos may have to transfer “considerably more” in profits to their tied tenants than the Government estimates - up to £20,000 per pub - under the proposed statutory code, according to the Association of Licensed Multiple Retailers